Finance Associate

Company Description

Rare Carat, founded in 2016, is dedicated to making diamond buying transparent and accessible for consumers. Recognized as the Secret to Buying a Diamond by The New York Times, the company has grown into one of the largest online diamond retailers in the United States, powering over $100M in annual jewelry sales. With a vast selection of certified natural and lab-grown diamonds, customers can customize engagement rings and shop fine jewelry with support from GIA-trained gemologists. Led by alumni from prestigious institutions like Wharton and Harvard Business School, Rare Carat has gained recognition in publications such as TechCrunch, NPR, and CNBC.

Role Description

This is a full-time remote Finance Associate role. The Finance Associate will support financial planning, analysis, and reporting processes. Responsibilities include preparing and analyzing financial statements, overseeing financial reporting, and providing financial insights to support strategic decisions. The role will also involve ensuring compliance with financial regulations and collaborating with cross-functional teams to communicate financial findings.

Wondering why work with us Here's why:

• We are a fully remote start-up, growing quickly from under 5 people to close to 100 in just six years
• Our culture is unique: we have a global, remote team of young people taking on more responsibility than most companies would give. We have a bias for action, and a meritocracy where the best ideas win
• We help customers with the most important purchase of their life so far, their engagement ring. Marrying humans and technology to help our customers make the right decision is thrilling and rewarding
• If you are the right fit for our rocketship - we would make you an offer, you can't refuse :)

Looking for kick-ass people who would love to have international exposure and are interested in working for a popular startup based out of New York City. We need a focused team player who has excellent communication skills and attention to detail!

Responsibilities:

ACCOUNTING

• Working on bookkeeping and daily accounting as per global practices
• Working on cash flow and P&L
• Monitor accounting and payables function very closely and work on all queries related to AP function.
• Responsible for invoice verification and payouts to all vendors & partners

FINANCE

• Responsible for all financial reconciliations
• Financial dispute handling with vendors and other stakeholders
• Provide data for and assist in internal audits
• Responsible for credit collection of returned inventory & credit notes management.
• Undertaking research as required by the concerned manager.
• Review of data provided by the finance team and arranging the same as per the requirement
• Assisting the team as required

QUALITIES REQUIRED

• Semi Qualified CA/CMA/ICWA or MBA Finance with a minimum of 2+ years or Bcom/Mcom with a minimum of 3+ years of experience
• Minimum experience of 2+ years in accounting, taxation, and reporting
• Experience in Oracle NetSuite accounting ERP
• Experience in Excel, word and Google Workspace tools
• Proficiency in English, strong negotiation and communication skills
• Ability to develop good relationships
• Exceptional time-management and multitasking skills
• Ability to work independently under strict deadlines
• Have the right mix of presentation and analytical skills to process unstructured data/problems and convert them to simple and meaningful insights to reach conclusions
• Startup experience is a big plus
• Have all that it takes to succeed in a startup environment - flexibility, working beyond the call of duty, ability to multitask and deliver under pressure, and a high level of ownership and excellent cross functional working experience