Senior Accounting Specialist

Senior Accounting Specialist
Full-time Chennai, India
Now, more than ever, the Toast team is committed to our customers. We’re taking steps to help restaurants navigate these unprecedented times with technology, resources, and community. Our focus is on building the 
restaurant platform that helps restaurants adapt, take control, and get back to what they do best: building the businesses they love. And because our technology is purpose-built for restaurants, by restaurant people, restaurants can trust that we’ll deliver on their needs for today while investing in experiences that will power their restaurant of the future.

About this roll* (Responsibilities)
 Bank Reconciliations & Cash Management: Meticulously perform weekly bank reconciliations, investigating and resolving all reconciling items in a timely manner. Collaborate closely with the Revenue Operations (Accounts Receivable) team to ensure precise cash application and be the first point of contact for any cash-related inquiries.

General Ledger & Month-End Close: Execute a range of month-end close activities, including preparing and posting complex journal entries and reconciling balance sheet accounts. This includes, but is not limited to, cash, prepaid expenses, and fixed assets, ensuring all  transactions are accurately recorded in line with company policy.

Process Optimization & Innovation: Proactively identify opportunities to streamline accounting processes, enhance controls, and improve efficiency. You should be comfortable challenging the status quo and eager to explore and implement technological solutions, including automation and AI, to optimize workflows.

Audit & Internal Controls: Uphold a robust internal control environment in accordance with SOX. Assist in preparing comprehensive audit schedules and support both internal and external audits by providing clear documentation and explanations for financial transactions.

Cross-Functional Collaboration: Leverage a strong understanding of cash application processes to ensure accurate and timely cash account reconciliations. This includes analyzing and troubleshooting variances, identifying root causes of discrepancies, and collaborating closely with the AR and Collections teams to resolve issues impacting the integrity of cash accounts.

Provide accounting support to the organization for special projects, reporting, and analysis as necessary
Update process documentation as needed
Support new system implementations by participating in UAT for
accounting processes

Do you have the right ingredients*? (Requirements)

●      CA/CPA/CMA – 3 to 4 years or semi qualified with >5  years of relevant
accounting experience
●      Demonstrated ability to manage competing priorities in a fast-paced
environment
●      High degree of accuracy, attention to detail, and confidentiality
●      Team player with excellent verbal and written communication skills
●      Intermediate knowledge of Microsoft Excel and Google Sheets
●      Knowledge of general accounting principles (US GAAP)
●      Experience with cloud-based ERP/financial systems (SAP, Oracle, etc.)
●      Strong problem-solving skills and work ethic
●      LEAN - Continuous improvement mindset
●      Shift Timings – 2 to 11 PM IST

Special Sauce* (Nonessential Skills/Nice to Haves)

●      Experience with NetSuite
●      Experience with accounting/financial reporting at a SaaS company
●      CA or CPA or equivalent preferred

AI at Toast

At Toast we’re Hungry to Build and Learn. We believe learning new AI tools empowers us to build for our customers faster, more independently, and with higher quality. We provide these tools across all disciplines, from Engineering and Product to Sales and Support, and are inspired by how our Toasters are already driving real value with them. The people who thrive here are those who embrace changes that let us build more for our customers; it’s a core part of our culture.

Our Spread* of Total Rewards
We strive to provide competitive compensation and benefits programs that help to attract, retain, and motivate the best and brightest people in our industry. Our total rewards package goes beyond great earnings potential and provides the means to a healthy lifestyle with the flexibility to meet Toasters’ changing needs. Learn more about our benefits at https://careers.toasttab.com/toast-benefits.