Finance Associate

About The Job

Job Title: Executive/Associate-Finance & Accounts

Location: Bengaluru, IN

Type: On-site Full time

Salary: Matching industry standards

About Us

Newtrace is a climate-tech startup crafting next-gen electrolyzers for the wide-scale adoption of affordable green hydrogen. The vision we swear by is simple - to decarbonise our planet, leaving a greener, more sustainable future for generations to come.

At Newtrace, we believe that great ideas flourish when nurtured in an atmosphere that promotes work-life balance, encourages personal well-being, and fosters collaboration. Join us and be part of a remarkable journey where you can make a difference while enjoying the benefits of a supportive and invigorating workplace. Together, lets create a better future, one innovative idea at a time.

We are backed by marquee investors like Sequoia Capital, Aavishkaar Capital, Speciale Invest and Micelio Fund in our mission.

For more information, visit: www.newtrace.io.

What You Will Do

• All things related to purchase, finance & accounts.
• Substantiate financial transactions by auditing documents, invoices, credit, purchase card statements.
• Prepare asset, liability, and capital account entries by compiling and analyzing account information.
• Bookkeeping and documenting financial transactions by entering account information.
• Summarise current financial status by collating financial information.
• Assist in generating balance sheets, profit and loss statements, and other reports.
• Managing employee reimbursement and company wide travel booking management.
• Preparing all requisite bank letters, declaration, POs and statements required by vendors, agencies & MCA
• Maintain accounting controls by preparing and recommending policies and procedures.
• Reconcile financial discrepancies by collecting and analyzing account information from bank, accountants, CA, Vendors, etc.
• Prepare payments by verifying documentation and vendor information records.
• Maintaining the financial Management Information System (MIS).
• Request disbursements and follow up with clients towards collection of receipts.
• Resolve accounting procedure doubts by researching and interpreting accounting policy with the Head of Finance or under CA’s guidance.
• Experience in handling the cases for EPF, ESIC, Gratuity.
• Proper TDS deduction and timely deposit of tax, knowledge of GST
• Employees Taxation and Payroll processing.
• Able to handle workload and manage activities independently.
• Undertaking any other responsibilities as directed and mutually agreed with the Management.
  
  

• Bachelors in Accounting / Finance / Economics in with 2+ years of experience.
• Proficient with Oracle Netsuite/SAP
• Good communication skill, must be a team player
• Getting things done attitude
  
  

• In-depth understanding of - Handling entire accounting function- accounts & finance, Cash flow, multiple P&L, Budgeting, Costing, Controls , MIS, and taxation ( Direct & Indirect Taxation)
• Proficiency in Spreadsheets & MS Office
  
  

• Experience with startups preferred.
• Fund / working capital management – including DEBT funding, treasury, investments, risk management, compliance preferably in Manufacturing.
  
  

• Salary: Matching industries standards.
• Holidays: 12 days of customary national/state holidays, 18 days of paid vacation accrued monthly and 12 days of sick leave.
• Flexible timings with a 5-day, 45 hours/work week including breaks.
• Health insurance for employee, spouse and child(ren).
• Accident insurance for employees.
• Maternity & paternity leave policies.
• Stocked pantry, company goodies & team celebrations.