Finance Associate

Finance & Accounts 

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, let's 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. 

Skills you will need: 

Must have: 

• 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 

Should have: 

• 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 

Nice to have: 

• Experience with startups preferred. 

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

What we offer: 

• 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 

• Health insurance for employee, spouse and child(ren). 

• Accident insurance for employees. 

• Maternity & paternity leave policies. 

• Stocked pantry, company goodies & team celebrations.  

• It is a Full Time Accountant job for candidates with 1 - 4 years of experience.

More about this Finance Associate job

1. What is the eligibility criteria to apply for this Finance Associate job?
   Ans: The candidate should be Graduate and above and above with 1 - 4 years of experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹25000 - ₹35000 per month that depends on your interview. It's a Full Time job in Bangalore.
3. How many working days are there for this Finance Associate job?
   Ans: This Finance Associate job will have 6 working days.
4. Are there any charges applicable while applying or joining this Finance Associate job?
   Ans: No, there is no fee applicable for applying this Finance Associate job and during the employment with the company, i.e., NEWTRACE PRIVATE LIMITED.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Finance Associate role?
   Ans: There is an immediate opening of 1 Finance Associate at NEWTRACE PRIVATE LIMITED
7. Who can apply for this job?
   Ans: Both Male and Female candidates can apply for this Accountant job.
8. What are the timings of this Finance Associate job?
   Ans: This Finance Associate job has 09:00 AM - 07:00 PM timing.