About Accion:

Accion is a global nonprofit on a mission to create a fair and inclusive economy for the nearly two billion people who are failed by the global financial system. We develop and scale responsible digital financial solutions for small business owners, smallholder farmers, and women, so they can make informed decisions and improve their lives. Through targeted investment strategies, advisory solutions, and expert thought leadership, we work with local partners to develop and scale cheaper, more accessible, and customer-friendly financial solutions. Since 1961, Accion has helped build 267 financial service providers serving low-income clients in 75 countries, reaching 440 million people. More at https://www.accion.org.

Position Summary 

Reporting to the Finance Controller India, the Accounting Specialist executes routine accounting transactions in accordance with the established policies and procedures. The role is responsible for processing daily and monthly journal entries, accounts payable, employee expense claims and supporting month-end reconciliation activities for Accion India Hub.

Position Responsibilities

• Local Purchase Order Processing (NetSuite): Initiate and manage local POs, monitor approval workflows, and secure final approvals prior to Accounts Payable (AP) processing.
• Accounts Payable (AP) Processing: Responsible for India AP processing, this includes ensuring from accurate invoice entry to securing final approvals in NetSuite, ensure that payments are processed on a regular basis, always prioritizing the needs of the business, maintaining full adherence to corporate financial policies and deducting appropriate tax withholding.
• Monthly Vendor AP Reconciliations: Perform monthly reconciliations of all vendor invoices within NetSuite, including invoices received, submitted for approval, approved, and in Work-in-Progress (WIP) status. Ensure completeness and accuracy by identifying discrepancies, resolving errors, and confirming that all valid invoices are properly recorded in the accounting system.
• Cash Receipt/Disbursement Support: Manage cash receipts and disbursements processes, including the preparation of bank forms, recording corresponding entries in the India books.
• Banking/Payments processing Support: Processing all payments including salaries, TDS, GST, employee payments and submission of required KYC documents to banks when prompted/necessary.
• Fixed Asset Management: Maintain and update the fixed-asset register and depreciation schedules; collaborate with IT on asset additions, disposals, and write-offs; and perform monthly fixed-asset reconciliations.
• Tax Calculation Support: Assist in monthly TDS, GST and prepare reconciliations for tax-related GL accounts, and compile supporting documentation for the Finance Controller
• Employee Expense Reimbursements: Manage expense reimbursements for India and ensure compliance with travel and expense policies, review supporting documents, and process fortnightly reimbursements promptly.
• Monthly books closure support: Complete all the reconciliations of TB/GL as part of books closure processes and timelines decided by Finance Head. Follow up on Time Sheets (TS) submissions and approvals with Accion India employees to ensure all TS are completed before the timelines.
• Audit Support: Provide the requisite information during the audits to auditors with all schedules and reconciliations with supporting documentation as necessary.
• OFAC screening: Complete the OFAC screening of all vendors before processing any payments to comply with the regulatory compliance requirements of Accion International.
• Other duties as assigned, include support for cross-functional initiatives and additional accounting responsibilities as the organization evolves.

Position Qualifications

• Bachelor’s degree in Accounting or Commerce (B.Com – Accounting major preferred); M.Com or MBA (Finance) is an advantage.
• Proficient in English (verbal and written)
• Minimum of 4+ years of relevant experience in a similar position.
• Demonstrated knowledge of accounting, taxes and organizational procedures.
• Demonstrated knowledge in the use of accounting packages and software (NetSuite is a plus).
• Excellent computer literacy and experience with Microsoft Office applications, especially Excel.
• Strong attention to detail, organizational skills, time management and ability to adapt to changes.
• Ability to exercise discretion and handle confidential information.
• Excellent customer service skills.
• Eager to learn and grow in various functions of an accounting department.
• Excellent interpersonal and communication skills.
• Interested in our mission and working globally.
• Willingness to embody our values of excellence, respect and passion for social change.

• Excellence: Accion staff should always put forth their best effort in all activities, strive for high quality of collective and individual performance; and demonstrate honesty and integrity at all times while in the workplace and while working on behalf of the organization.
• Respect: Accion staff should value one another’s roles and responsibilities as much as their own, be encouraging, and value the diverse and unique perspectives of colleagues. They should honor obligations and commitments to each other and to external partners.
• Passion for Social Change: Accion staff should be committed to making a difference in the lives of those less fortunate, value the greater good of the organization over personal gain, and promote a productive workplace by acknowledging the accomplishments of others. 

Accion is an equal opportunity employer. We are committed to a diverse and inclusive workplace culture. Accion seeks qualified applicants without regard to race, color, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation, physical or mental disability, medical condition, military and veteran status, gender identity or expression, genetic information, change of sex or transgender status, or any other basis protected by law. Accion is committed to providing reasonable accommodations to applicants with disabilities.