Position Overview:
BestEx Research Group, a prominent leader in the algo execution space and offers its cloud-based algorithmic execution platform as Software as a Service (SaaS) to its clients. Company is seeking a highly detail-oriented and organized Chartered Accountant to join global team to support growth of the global finance operations for U.S. parent and its subsidiaries/ branches around the world including India, APAC, UK etc.
As the finance leader, you will ensure the accuracy and integrity of financial records and trade- related transactions. You will play a crucial role in maintaining compliance, streamlining processes, and supporting financial reporting requirements. As our local team expands, you will also take on leadership responsibilities—managing branch operations and mentoring a growing group of finance professionals.
This position offers a unique opportunity for an experienced accounting professional to make a meaningful impact in a fast-paced, collaborative environment. If you’re driven, adaptable, and eager to grow with an innovative company, we’d love to hear from you.
Key Responsibilities:
1. Finance Operations Management:
● Oversee and manage all day-to-day operations of the finance function within the Bengaluru branch, ensuring accuracy, efficiency, and compliance in all financial workflows.
● Supervise and mentor the local finance team, providing guidance, support, and professional development in alignment with company-wide financial goals and standards.
● Develop and implement finance-specific operational strategies to enhance productivity, streamline processes, and support global reporting requirements.
● Monitor performance against key financial and operational metrics, ensuring the team consistently meets internal deadlines and service level expectations.
2. Financial Reporting & Analysis:
● Assist in preparing comprehensive monthly, quarterly, and annual financial reports for management review.
● Generate detailed reports on trade activity, including profit/loss statements, fee breakdowns, and commission structures.
● Analyze financial trends, providing insights to help the team assess operational efficiency and profitability.
3. Audit & Compliance Support:
● Support internal and external audit processes by providing accurate documentation and ensuring all financial records are compliant.
● Help maintain adherence to tax regulations and accounting standards to ensure smooth and efficient audit cycles.
4. Transaction Recording & Maintenance:
● Accurately record and track all trade-related transactions, including commissions, clearing fees, execution fees, and other trading expenses.
● Input daily financial data into QuickBooks Enterprise, ensuring proper classification of accounts and financial entries.
● Ensure strict compliance with US GAAP and industry regulations, ensuring accurate financial transactions and reporting.
5. Reconciliation & Account Management:
● Regularly reconcile bank and brokerage accounts, verifying consistency with trade records and statements from external partners (e.g., clearers, brokers).
● Monitor cash flow related to trading activities, ensuring accurate documentation and timely reconciliation of all transactions.
6. Accounts Payable & Receivable:
● Process vendor invoices with precision, ensuring they are accurately documented and paid on time.
● Generate and send client invoices for trade-related services and proactively follow up on outstanding balances.
● Maintain aging reports, assist in collections, and engage with clients effectively to resolve any issues related to unpaid invoices.
7. General Financial Support:
● Provide administrative assistance to the finance team by completing ad-hoc tasks such as financial analysis, reporting, and data entry.
● Organize and maintain financial files, ensuring that documents and reports are easily accessible.
Skills & Qualifications:
● Proven experience to establish and operate finance operation, with prior experience in the financial services or capital market trading sectors being a strong advantage.
● Proficient in accounting software (e.g., QuickBooks, Xero, Sage) and MS Excel for financial analysis and reporting.
● Strong understanding of accounting principles, financial reporting, and reconciliation processes.
● Familiarity with financial transaction management, especially in trading or brokerage environments, is highly desirable.
● Detail-oriented with excellent organizational skills and the ability to manage multiple tasks effectively.
● Strong communication skills for seamless interaction with both internal team members and external partners.
● Proven experience in managing or overseeing finance function operations, with a focus on team leadership and operational efficiency.
● Experienced Chartered Accountant in Accounting, Finance, or a related field.
Working Hours & Environment:
● Working Hours: 2:00 PM to 11:00 PM, inclusive of a 1-hour break.
● Full-Time position.
● Work Location: Bengaluru
● Compensation: Competitive salary, commensurate with experience
Why Join Us?
Impact: Contribute directly to the financial health and success of a growing and dynamic company.
Your work will have a meaningful impact on day-to-day operations and long-term success.
Growth Opportunities: Expand your knowledge and experience in establishing the world class finance operation. You will have the chance to enhance your career while working in a collaborative and fast-paced environment.
Work-Life Balance: Enjoy the opportunity to work part-time, providing you with a balanced lifestyle while making a meaningful contribution to the company.
