Associate - Controllership & Finance
Myntra
Who are we?
Myntra is India’s leading fashion and lifestyle platform, where technology meets creativity. As pioneers in fashion e-commerce, we’ve always believed in disrupting the ordinary.
We thrive on a shared passion for fashion, a drive to innovate to lead, and an environment that empowers each one of us to pave our own way. We’re bold in our thinking, agile in our execution, and collaborative in spirit.
Here, we create MAGIC by inspiring vibrant and joyous self-expression and expanding fashion possibilities for India, while staying true to what we believe in.
We believe in taking bold bets and changing the fashion landscape of India. We are a company that is constantly evolving into newer and better forms and we look for people who are ready to evolve with us.
From our humble beginnings as a customization company in 2007 to being technology and fashion pioneers today, Myntra is going places and we want you to take part in this journey with us.
Working at Myntra is challenging but fun - we are a young and dynamic team, firm believers in meritocracy, believe in equal opportunity, encourage intellectual curiosity and empower our teams with the right tools, space, and opportunities.
Key Responsibilities
- Daily Transaction Matching: Match processed AP payments against daily bank statements to ensure all debits are authorized and accurate.
- Discrepancy Investigation: Identify and resolve "reconciling items," such as:
- Outstanding checks (issued but not cashed).
- Failed ACH or wire transfers.
- Bank fees or service charges not yet recorded in the ERP.
- Duplicate payments or overpayments.
- Journal Entries: Prepare and post adjusting journal entries to the General Ledger (GL) to correct errors or record bank-initiated transactions.
- Void & Re-issue Management: Handle the process for voiding stale-dated checks and coordinating with the AP team to re-issue payments to vendors.
- Month-End Closing: Finalize the bank reconciliation report for all AP-related accounts within the month-end deadline to support the Finance Manager in closing the books.
- Audit Support: Maintain organized records and provide documentation for internal and external auditors regarding payment validation and cash controls.
financial reporting, p2p cycle
Required Education
UG