FalconX
Finance Associate, Regulatory Reporting San Francisco Bay Area, New York City
FalconX, San Francisco, California, United States, 94199
Overview
FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-evolving cryptocurrency landscape.
Impact
As a Regulatory Reporting / Finance Associate at FalconX, you will be supporting the Chief Financial Officer of FalconX’s regulated swap dealer entity, FalconX Bravo in matters related to accounting, book keeping, regulatory compliance, financial reporting, and financial statement audits. Additionally, you’ll be contributing to enhancements for Accounts Payable processes.
Responsibilities
Prepare daily balance sheet, income statement, and regulatory capital reports for FalconX Bravo Oversee the preparation, procedures, and submission of monthly regulatory report filings to the CFTC and NFA for FalconX Bravo Identify opportunities to enhance finance reporting processes, including automation of accounting close processes, and implement internal controls to safeguard against potential risks Act as point of contact for external auditors, respond to inquiries, and review documentation Implement recommendations from audit findings Stay informed about industry trends, regulatory changes, and emerging risks in accounting, financial reporting, and regulatory capital Maintain up-to-date knowledge of U.S. regulatory requirements, reporting standards, and relevant US GAAP for financial services Support management in preparing materials for regulatory examinations and senior management presentations Review and maintain internal policies and procedures for FalconX Bravo Conduct ad-hoc reporting and analytics for FalconX Bravo Accounts payable responsibilities: process vendor invoices to ensure timely and accurate payment, maintain vendor relationships, and resolve billing discrepancies; prepare and execute payment runs via checks, ACH, and wire transfers while ensuring policy compliance Review employee expense reports for accuracy and compliance, reconcile reimbursements with payments, and communicate with employees to resolve discrepancies Manage emails related to accounts payable, expense reimbursements, and reconciliations; respond promptly to inquiries and coordinate resolutions Provide audit support by supplying essential documentation and assisting during internal and external audits; help implement audit recommendations to enhance controls Perform monthly bank reconciliations and investigate discrepancies; collaborate to improve reconciliation processes Conduct balance sheet and general ledger reconciliations; assist in preparing documentation for financial reporting and audits Accurately record financial transactions in the general ledger; review journal entries for accuracy and completeness; coordinate with other departments to resolve discrepancies and support month-end close
Success
Contribute to building robust in-house capabilities for Finance (including AP) and Regulatory Capital management, streamlining processes, and ensuring accurate financial information is available to all stakeholders Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry Collaborate effectively with all teams to achieve optimal financial outcomes for the organization Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs
Required Qualifications
Bachelor's degree in Accounting, Finance, Business, or a related field. Advanced degree or professional certifications (e.g., CPA, CFA) preferred At least 3-5 years of Accounting/Finance experience Experience working in a financial institution or financial services start-up is preferred Proficiency in Microsoft Suite (Excel, Word, PowerPoint) and Google Suite (Google Sheet, Google Doc, Google Slides) Familiarity with NetSuite preferred Strong analytical skills and attention to detail, with the ability to interpret complex financial data Strong understanding of financial and banking products, regulatory requirements, and US GAAP Self-motivated, with initiative and the ability to work independently Maintain a high level of accuracy in all tasks Strong verbal and written communication skills, with the ability to present complex concepts clearly Prior experience in the cryptocurrency market is advantageous but not required
Note: The base pay for this role is expected to be between $111,000 - $150,000 in the New York City and San Francisco Bay Area. This range is informational and may be adjusted based on factors such as location, skillset, experience, and qualifications. The role is also eligible for additional compensation such as a performance-based bonus, equity, and a comprehensive benefits package.
Notice and Compliance
Applicants located in California or applying to a role based in California should refer to FalconX’s Notice at Collection and Privacy Policy.
FalconX is an equal opportunity employer. We value diversity and encourage applications from all qualified individuals. We do not discriminate on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, veteran status, or any other legally protected characteristic.
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FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-evolving cryptocurrency landscape.
Impact
As a Regulatory Reporting / Finance Associate at FalconX, you will be supporting the Chief Financial Officer of FalconX’s regulated swap dealer entity, FalconX Bravo in matters related to accounting, book keeping, regulatory compliance, financial reporting, and financial statement audits. Additionally, you’ll be contributing to enhancements for Accounts Payable processes.
Responsibilities
Prepare daily balance sheet, income statement, and regulatory capital reports for FalconX Bravo Oversee the preparation, procedures, and submission of monthly regulatory report filings to the CFTC and NFA for FalconX Bravo Identify opportunities to enhance finance reporting processes, including automation of accounting close processes, and implement internal controls to safeguard against potential risks Act as point of contact for external auditors, respond to inquiries, and review documentation Implement recommendations from audit findings Stay informed about industry trends, regulatory changes, and emerging risks in accounting, financial reporting, and regulatory capital Maintain up-to-date knowledge of U.S. regulatory requirements, reporting standards, and relevant US GAAP for financial services Support management in preparing materials for regulatory examinations and senior management presentations Review and maintain internal policies and procedures for FalconX Bravo Conduct ad-hoc reporting and analytics for FalconX Bravo Accounts payable responsibilities: process vendor invoices to ensure timely and accurate payment, maintain vendor relationships, and resolve billing discrepancies; prepare and execute payment runs via checks, ACH, and wire transfers while ensuring policy compliance Review employee expense reports for accuracy and compliance, reconcile reimbursements with payments, and communicate with employees to resolve discrepancies Manage emails related to accounts payable, expense reimbursements, and reconciliations; respond promptly to inquiries and coordinate resolutions Provide audit support by supplying essential documentation and assisting during internal and external audits; help implement audit recommendations to enhance controls Perform monthly bank reconciliations and investigate discrepancies; collaborate to improve reconciliation processes Conduct balance sheet and general ledger reconciliations; assist in preparing documentation for financial reporting and audits Accurately record financial transactions in the general ledger; review journal entries for accuracy and completeness; coordinate with other departments to resolve discrepancies and support month-end close
Success
Contribute to building robust in-house capabilities for Finance (including AP) and Regulatory Capital management, streamlining processes, and ensuring accurate financial information is available to all stakeholders Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry Collaborate effectively with all teams to achieve optimal financial outcomes for the organization Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs
Required Qualifications
Bachelor's degree in Accounting, Finance, Business, or a related field. Advanced degree or professional certifications (e.g., CPA, CFA) preferred At least 3-5 years of Accounting/Finance experience Experience working in a financial institution or financial services start-up is preferred Proficiency in Microsoft Suite (Excel, Word, PowerPoint) and Google Suite (Google Sheet, Google Doc, Google Slides) Familiarity with NetSuite preferred Strong analytical skills and attention to detail, with the ability to interpret complex financial data Strong understanding of financial and banking products, regulatory requirements, and US GAAP Self-motivated, with initiative and the ability to work independently Maintain a high level of accuracy in all tasks Strong verbal and written communication skills, with the ability to present complex concepts clearly Prior experience in the cryptocurrency market is advantageous but not required
Note: The base pay for this role is expected to be between $111,000 - $150,000 in the New York City and San Francisco Bay Area. This range is informational and may be adjusted based on factors such as location, skillset, experience, and qualifications. The role is also eligible for additional compensation such as a performance-based bonus, equity, and a comprehensive benefits package.
Notice and Compliance
Applicants located in California or applying to a role based in California should refer to FalconX’s Notice at Collection and Privacy Policy.
FalconX is an equal opportunity employer. We value diversity and encourage applications from all qualified individuals. We do not discriminate on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, veteran status, or any other legally protected characteristic.
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