Accounting Associate
Unit/Role Description
Associates are responsible for the development and management of the financial controlling function. Manage both internal and external reporting of financial information and responsible for regulatory reporting and produce timely, accurate and reliable financial information. This will include preparation of the profit loss and balance sheet accounts as well as group consolidations. Other responsibilities may include the preparation and posting of general ledger journals, posting of accruals and prepayments, reconciliation of intercompany accounts, reconciliation of profit loss and balance sheet accounts, managing controlling the fixed asset register, capital expenditure controls reporting, production of the monthly consolidation reporting pack, statutory accounts production, corporation tax computations (in conjunction with tax function) and / or cost center reporting and analysis.
The overall responsibilities may include:
- Bank Reconciliations
- Bookkeeping
- Brokerage Statement Analysis
- Financial Statement Preparation
- Net Capital Computations
- Focus Reporting
- Other activities may include:
- Monitor cash receipts.
- Analyze budget activity on a monthly basis.
- Perform financial reconciliations for USD and foreign currency, requesting of FX Buys/Sells, Clearing Foreign Cash in USD reconciliation, reporting and performing accounting duties necessary to resolve reconciliation issues. Daily, monthly, and quarterly reconciliations related to collateral as well as processing monthly entries for GAAP reporting
- Complete audit requests in a timely and accurate manner.
- Run reports and queries to track current open items and identify issues.
- Participate in the effort to set team objectives that align with the needs of key customers (e.g., Middle Office, Front Office, Trade Settlements), monitor progress against those objectives and manage priorities in response to emerging and competing initiatives.
The role may also cover Management Reporting / Financial Planning Analysis, Regulatory Reporting, Regulatory Compliance, Accounting Standards, or Accounts Payable / Receivable.
Experience/Skills
Roles at this level are typically for those individuals exhibiting strong execution capabilities and who are beginning to take on more responsibility.
Degree in Accounting, Finance, or related discipline. Demonstrate knowledge of general accounting principles and practices, as well as, the basic application and use of accounting concepts, theories, and terminology.
Minimum 3 years of experience
Broker-dealer or related financial services experience a plus.
Bilingual (Spanish or Portuguese) is not required but a plus.
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