Job Description

Finance & Accounts
Bangalore

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.

We are a fast-growing deep-tech startup with a diverse team of highly specialized PhDs, industry veterans and pedigreed business professionals. We are well funded by marquee investors like PeakXV (formerly Sequoia Capital), Aavishkaar Capital, Axilor Ventures and Speciale Invest.

Started by researchers turned entrepreneurs with experience working in leading European labs - Prasanta, a 2x Marie-curie Fellow and Rochan, a J.N Tata Fellow, Newtrace's team is passionate about solving the world's core problems by innovating in India. Additionally, we've hit post-revenue milestones in less than two years (the shortest time for a deep tech company). Join us as we redefine the boundaries of what's possible and shape the future of deep-tech while paving the way for a more sustainable tomorrow.

Know more about us: https://www.youtube.com/watch?v=nKbXTLKmA_s

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.

Job Requirement

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 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.