Job DescriptionThe Senior Accountant will support accounting, financial reporting, and control activities for a clearing capital markets broker-dealer with diverse fixed income and securities financing operations. This role is responsible for executing accounting processes across a range of products and transaction types, including fixed income trading, underwriting, securities borrowing and lending, repurchase and reverse repurchase agreements, defeasance transactions, and VRDN remarketing.
The ideal candidate for this position is an individual with broker-dealer product knowledge, technical accounting expertise, and understanding of trade lifecycle events. The Senior Accountant will work closely with cross-functional teams to ensure accurate financial reporting, maintain a strong control environment, and support operational efficiency in a highly regulated environment.
Product and Transaction Accounting- Support accounting for fixed income trading (corporate bonds, municipals, treasuries, ABS, CDs, VRDNs)
- Support accounting for fixed income underwriting activities (corporate bonds, municipal bonds, ABS, Broker CDs and Rule 144A offerings)
- Assist with securities borrowing and lending transactions
- Record and analyze repurchase and reverse repurchase agreements
- Support accounting for defeasance transactions and VRDN remarketing activities
Core Accounting Responsibilities- Prepare daily, monthly, and quarterly journal entries for capital markets and broker-dealer products, including trade date and settlement date accounting, accruals, valuations support, and balance sheet reconciliations.
- Prepare accounting close deliverables, journal entries, substantiations, and account reconciliations for assigned products and legal entities.
- Partner with operations and product control teams to understand end-to-end transaction flows and ensure accounting conclusions aligned with business activity and system processing.
- Support accounting analysis for complex transactions, new products, and non-routine events.
Financial Reporting and Control- Support internal and external financial reporting for the broker-dealer, including legal entity reporting and consolidation inputs, as applicable
- Maintain balance sheet and P&L integrity
- Ensure compliance with U.S. GAAP and internal controls
- Assist with audit requests and documentation
- Partner with regulatory reporting teams for data consistency
Cross-Functional Collaboration- Work closely with capital markets desk operations, treasury, regulatory reporting, internal and external audit teams and product control teams
- Assist with accounting support for system implementations and process improvements
Basic Qualifications- Bachelor's degree in accounting or finance, or equivalent work experience
- Typically Five to eight years of experience in financial accounting activities
Preferred Skills/Experience- Knowledge of U.S. GAAP and financial reporting
- Experience with reconciliations and month-end close
- Strong Excel and data analysis skills
- Familiarity with capital markets or broker-dealer products preferred
- Hold FINRA Series 99 or be able to pass testing within 4-month window (120 days)
- Strong technical accounting judgment
- Understanding of capital markets products and operational flows
- Attention to detail and control orientation
- Ability to manage competing priorities in a deadline-driven environment
- Strong verbal and written communication skills
- Ability to translate complex product activity into clear accounting conclusions
- Effective cross-functional collaboration
- Continuous improvement mindset
This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. Benefits:Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $86,360.00 - $101,600.00
Posting may be closed earlier due to high volume of applicants. 
