THE WORK:Join Ripple Labs Inc., where we are revolutionizing the financial world with our crypto solutions! As a Senior Accountant based in Chicago, you'll play a vital role in our bold journey to deliver outstanding financial services.
WHAT YOU'LL DO:Broker-Dealer Accounting and Regulatory Reporting:
- Prepare and maintain the firm's FOCUS Report filings, including net capital computations and customer reserve calculations.
- Maintain the general ledger for the broker-dealer entity, running month-end close, account reconciliations, and journal entries.
- Compute and monitor aggregate indebtedness ratios and net capital, flagging early warning thresholds to the CFO.
- Support financial reporting for Stock Loan and Stock Borrow activity, including matched-book profit and loss and liquidity treatment.
Digital Asset Finance and Accounting:
- Handle month-end accounting for digital asset positions, incorporating mark-to-market valuations and custody reconciliations.
- Apply and document accounting policies for digital assets consistent with evolving U.S. GAAP mentorship.
- Reconcile on-chain and off-chain positions against custodian statements and internal trading system data.
- Provide support for accounting related to digital asset lending, repo, and collateral arrangements.
Financial Reporting and Controls:
- Assist in preparation of monthly and quarterly financial statements for broker-dealer and holding company entities.
- Support external auditors during annual financial statement audits.
- Maintain and improve internal control procedures, including SOD documentation and reconciliation sign-off protocols.
- Participate in systems and process improvement initiatives.
WHAT YOU'LL BRING: Required:
- Bachelor's degree or equivalent experience in Accounting, Finance, or a related field; CPA license or active candidacy strongly preferred.
- 3-6 years of accounting experience, with exposure to broker-dealer accounting, financial services, or public accounting.
- Working knowledge of SEC Rules 15c3-1 and 15c3-3, FINRA financial reporting requirements, and FOCUS Report preparation.
- Proficiency in U.S. GAAP financial reporting.
- Strong Excel skills; experience with general ledger systems.
- High attention to detail and ability to prioritize multiple tasks.
Preferred:
- Background in handling digital asset accounting.
- Experience supporting FINRA or SEC regulatory examinations.
- Familiarity with prime brokerage or cleared derivatives accounting.
- Exposure to Stock Loan/Stock Borrow accounting.
- Experience with intercompany accounting across multi-entity structures.
Proficiencies
- Technical Expertise: Strong knowledge of broker-dealer accounting standards and a keen interest in achieving comparable proficiency in digital asset accounting frameworks.
- Regulatory Acumen: Ability to interpret and apply financial requirements and translate them into accurate financial records.
- Analytical Rigor: Comfortable working with large datasets and building reconciliation frameworks.
- Communication: Able to clearly detail and present accounting positions.
- Adaptability: Thrives in a constantly evolving environment.
- Integrity: Maintains the highest standards of accuracy and independence in financial reporting.
WHO WE ARE:Do Your Best Work
- The opportunity to build in a fast-paced start-up environment with experienced industry leaders
- A learning environment where you can dive deep into the latest technologies and make an impact. A professional development budget to support other modes of learning.
- Thrive in an environment where no matter what race, ethnicity, gender, origin, or culture they identify with, every employee is a respected, valued, and empowered part of the team.
- In-office collaboration for moments that matter is important to our culture, and we give managers and teams the flexibility to decide which 10+ days a month they come in.
- Bi-weekly all-company meeting - business updates and ask me anything style discussion with our Leadership Team
- We come together for moments that matter which include team offsites, team bonding activities, happy hours and more!
Take Control of Your Finances
- Competitive salary, bonuses, and equity
- Competitive benefits that cover physical and mental healthcare, retirement, family forming, and family support
- Employee giving match
- Mobile phone stipend
Take Care of Yourself
- R&R days so you can rest and recharge
- Generous wellness reimbursement and weekly onsite & virtual programming
- Generous vacation policy - work with your manager to take time off when you need it
- Industry-leading parental leave policies. Family planning benefits.
- Catered lunches, fully-stocked kitchens with premium snacks/beverages, and plenty of fun events
Benefits listed above are for full-time employees.
