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.
For positions that will be based in NY, the annual salary range for this position is below. Actual salaries may vary based on numerous factors including, among other things, an individual applicant's experience and qualifications for the position. This range does not include equity or additional compensation, such as bonuses or commissions.
NY Annual Base Salary Range
$140,000-$160,000 USD
