Lead - Close & Consolidation at FreshBooks

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Technology, SoftwareIndustries

Requirements

Chartered Accountant (CA) with 4-6 years of post-qualification experience in Big 4 or in GL / R2R function
Hands-on experience with a major ERP system; Oracle NetSuite is highly preferred
Familiarity with reconciliation software like Blackline is a significant advantage
Strong knowledge of US GAAP, IFRS, and Ind AS; exposure to German regulations

Responsibilities

Act as a key liaison for external auditors for standalone and consolidated audits
Coordinate with auditors across multiple jurisdictions and facilitate smooth execution of audits
Work closely with local bookkeepers and advisors to ensure compliance with country-specific regulations
Prepare detailed audit schedules and support internal and external auditors to ensure a smooth audit process; maintain robust documentation and ensure adherence to SOX and internal controls
Own key areas of the monthly financial close, including preparing and posting journal entries, managing bank reconciliations, prepaid, fixed assets & leases accounting, and performing variance analysis to ensure accurate reporting
Conduct monthly bank and other account balances reconciliations including intercompany using tools like Blackline; investigate and promptly resolve discrepancies, including integration errors and foreign exchange (forex) variances
Collaborate with business stakeholders to manage vendor spend and other period-end accruals, ensuring completeness and accuracy
Manage allocation of common costs across various entities and functions
Review and validate foreign exchange gains/losses at the consolidated level, ensuring accuracy and reasonableness
Collaborate with cross-functional teams to enhance the ERP system and resolve reporting issues
Actively participate in process automation and improvement initiatives, supporting system implementations and testing to enhance the efficiency of the close process

Skills

Chartered Accountant

General Ledger Accounting

Financial Close

Audit Coordination

Consolidated Audits

External Stakeholder Management

FreshBooks

Cloud-based accounting software for businesses

About FreshBooks

FreshBooks provides cloud-based accounting software aimed at simplifying financial management for small to medium-sized businesses and self-employed professionals. The software allows users to efficiently track expenses, time, and invoices, making it accessible even for those without accounting experience. Users subscribe to the service with various pricing tiers, and they can take advantage of a 30-day money-back guarantee and an 80% discount for the first four months. FreshBooks stands out from competitors by offering a user-friendly interface and mobile accessibility, enabling users to manage their finances on the go. The company's goal is to help business owners and accountants streamline their financial processes, improve organization, and enhance client relationships.

Toronto, CanadaHeadquarters

2003Year Founded

$149.6MTotal Funding

DEBTCompany Stage

Consumer Software, FintechIndustries

201-500Employees

Benefits

Health Insurance

Dental Insurance

401(k) Company Match

Stock Options

Unlimited Paid Time Off

Parental Leave

Home Office Stipend

Professional Development Budget

Risks

Increased competition from market leaders may impact FreshBooks' market share.

Dependency on Stripe's technology could pose risks if Stripe faces issues.

Economic downturns may threaten FreshBooks' subscription-based revenue model.

Differentiation

FreshBooks offers a user-friendly platform for non-accountants, simplifying financial management.

The company provides mobile-friendly solutions, catering to the rise of remote work.

FreshBooks' integration with Shopify enhances e-commerce capabilities for online businesses.

Upsides

FreshBooks' subscription model aligns with industry trends, boosting customer acquisition and retention.

The expansion of Stripe Connect features enhances FreshBooks Payments, improving payment processing.

AI-driven financial analytics tools can provide predictive insights, enhancing decision-making.

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