Finance Associate

TMRW House of Brands; Bengaluru; On-site; INR 450,000 - 600,000; Full time

Job summary

TMRW House of Brands in Bengaluru, Karnataka is seeking an Accounts Payable & Reconciliations Specialist to manage vendor invoices, payments, and customer reconciliations, while supporting store finance operations and inventory controls.

You will ensure accurate accounting, timely settlements, compliance with statutory requirements, and effective coordination with stakeholders across finance and store teams. 1–2 years in AP operations and strong Excel/ERP skills are preferred.

Qualifications

• Bachelor's degree in Commerce, Accounting or Finance.
• 1-2 years of Accounts Payable experience.
• Experience in retail finance or store accounting is a plus.

Responsibilities

• Manage vendor invoice accounting and ensure timely processing of payments.
• Perform vendor and customer reconciliations and drive timely closure of outstanding items.
• Track payable aging and coordinate with stakeholders for resolution of discrepancies.
• Prepare and coordinate Form 15CA/15CB documentation for foreign remittances.
• Ensure compliance with regulatory requirements related to overseas payments.
• Track and monitor store inventory movements across locations.
• Reconcile inventory records and coordinate with relevant teams to resolve mismatches.
• Ensure all store assets and inventories are insured and maintain insurance documentation.
• Perform store sales and collection reconciliations on a periodic basis.
• Monitor store cash balances and report exceptions to the Head Office team.
• Prepare monthly store commission calculations and validate supporting data.
• Track monthly rental, CAM (Common Area Maintenance), and electricity payments for stores; coordinate settlements.

Skills

AP processes

Vendor management

Reconciliations

Excel proficiency

ERP systems

Financial controls

Analytical skills

Stakeholder management

Education

Bachelor's degree in Commerce/Accounting/Finance

Tools

Microsoft Excel

ERP software

Job description

The role involves managing vendor payments, reconciliations, store finance operations, inventory tracking, and compliance-related activities. The ideal candidate will ensure accurate accounting of transactions, timely settlements, smooth store financial operations, and adherence to statutory requirements.

Key Responsibilities:

Accounts Payable & Reconciliations:

• Manage vendor invoice accounting and ensure timely processing of payments
• Perform vendor and customer reconciliations and drive timely closure of outstanding items
• Track payable aging and coordinate with stakeholders for resolution of discrepancies
• Prepare and coordinate Form 15CA/15CB documentation for foreign remittances
• Ensure compliance with applicable regulatory and statutory requirements related to overseas payments

Store Inventory & Asset Management:

• Track and monitor store inventory movements across locations
• Reconcile inventory records and coordinate with relevant teams to resolve mismatches
• Ensure all store assets and inventories are adequately insured and maintain insurance documentation

Store Finance Operations:

• Perform store sales and collection reconciliations on a periodic basis
• Monitor store cash balances and report exceptions to the Head Office team
• Prepare monthly store commission calculations and validate supporting data

Store Payments Management:

• Track and manage monthly rental, CAM (Common Area Maintenance), and electricity payments for stores
• Coordinate with vendors, landlords, and internal stakeholders to ensure timely settlements

Audit, Reporting & Documentation:

• Support audit activities by maintaining accurate records and providing required documentation
• Handle ad-hoc financial data requests, analysis, and audit-related requirements
• Prepare periodic reports and trackers for management review

Key Skills & Requirements:

• Strong understanding of Accounts Payable processes and vendor management
• Hands-on experience in reconciliations, invoice accounting, and payment processing
• Knowledge of Form 15CA/15CB and foreign remittance processes
• Good understanding of accounting principles and financial controls
• Proficiency in Microsoft Excel and ERP systems
• Strong analytical, problem-solving, and stakeholder management skills
• High attention to detail and accuracy

Preferred Qualifications:

• Bachelor's degree in Commerce, Accounting, Finance, or related field
• 1-2 years of experience in Accounts Payable Operations
• Experience in retail finance, store accounting, or finance operations will be an added advantage