Finance Associate

FalconX

Bangalore, IN
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Post Date: 04/25/2021
  • Website: falconx.io
  • Company Address:

About FalconX

FalconX is a digital asset trading platform that provides clients fast, secure and reliable execution using data science to eliminate slippage and hidden fees.

Job Description

FalconX is building the world’s smartest institutional brokerage for digital assets

FalconX is one of the fastest-growing startups in FinTech. We are a digital asset brokerage delivering best-in-class pricing and execution capabilities for institutional traders and investors. Our vision is to grow the digital asset ecosystem 1000X with industry-leading prime brokerage solutions.

 

We are data driven. Whether it's a growth or product decision, we believe data can always help us make more precise and informed choices.

 

We move fast. Speed of execution is essential for any startup, but we believe this is even more pertinent in our nascent industry.

 

We value diversity and debate. We believe the direction of our company is shaped by opposing viewpoints and experiences, and that this diversity helps learn and maximize our opportunity for success.

 

FalconX is headquartered in Silicon Valley and has offices in Bangalore and Chicago.

 

Who is on the team? 

We are entrepreneurs. More than half of us have experience in founding a company. We come from leading institutions including Google, LinkedIn, JUMP, Citadel, Goldman Sachs, Harvard Business School, Carnegie Mellon, IIT + more. We are backed by some of the best investors in the world including Accel Partners, Flybridge Capital, Lightspeed Venture Partners

 

Impact

At FalconX, you’ll have a significant influence on the broader success of the digital asset landscape. Some of the largest financial institutions from Wall Street to Silicon Valley and around the world will turn to you for the best market prices and insights on the crypto industry. You will become an expert on crypto industry trends and market movements. With your experience, you will help shape our company’s trading strategies according to our core values - speed, transparency, and trust. You will be an ambassador of FalconX, constantly improving your knowledge of our offering and sharpening knowledge of best market practices.

 

We are looking for a results-driven, high-performing and confident Associate to join our Finance team, and you will be expected to work in fast paced environment to deliver on accounting, reporting & analytical fronts.

 

In addition to day-to-day accounting & reporting, Associate will assist in formulating sound financial strategies, implementing appropriate internal controls, implementing industry best practices, and developing financial plans that support organizational strategy.

Responsibilities

  • Day to day accounting, book-keeping as per the extant GAPP (US, IndAS or IFRS)

  • Preparation, Review of Monthly, Quarterly, Annual Financial Statements

  • Coordination with External Auditors, Audit Committee and other relevant teams in/out of the organization.

  • Legal Entity Management – Entity’s jurisdiction specific reporting, accounting & compliances. 

  • Consolidation of various entities to deliver Group’s results quarterly, annually.

  • Intercompany Balances monitoring, settlement, managing Tax Transfer arrangements, 

  • Understand the company’s operations and settlement processes, support the trade operations & settlement team by preforming daily/weekly/monthly reconciliations & attestation procedures.

  • Assist in preparation of budget forecast, review actuals and execute budgetary controls and prepare monthly budget vs. actual analysis

  • Assist with technical accounting issues such as Consolidation, Stock Options, Business Combinations, MTM accounting, and other accounting matters

  • Develop and maintain banking relationships to support Cash Management Strategies

  • Management Reporting - Investors, Leadership Team, BoD as and when required.


Success 

  • As Associate - Finance, you will help the team build inhouse accounting & reporting capabilities, streamline & consolidated Finance & Accounting process and ensure real-time & accurate financial information to all the stakeholders.  

  • You will be required to work very closely with Trading, Trade-Ops Teams & External consultants to ensure best financial outcomes for the organization. 

  • Keep pace with the growth phase of the organization, you will be open to move across and perform multiple functions i.e. Accounting, Treasury, Settlements, Reporting, etc.

  • Over a course of time, build SME knowledge (from accounting, reporting, regulatory perspective) of the environment the firm is operating in.

 

Required Qualifications

  • Accounting Graduate + Professional degree in accounting (preferably Chartered Accountant)

  • Prior working experience of 4-7 years in similar industry (Banking, Broker-Dealer etc.) and specifically with Trading division.

  • Well versed with IFRS, US GAAP reporting standards.

  • Worked with Financial Control, Treasury or Product Control Functions.

  • Understanding of E2E Trade Flow & related dynamics (Settlement, Market-making etc.)

  • Proficiency with MS Excel Finance is a must

  • Hands-on experience on reporting tools like Hyperion, PowerBI, Alteryx, TLM & ERP is desirable. 

  • Enthusiastic, Self-starter, Detail-oriented with excellent analytical & problem-solving capability and will demonstrate strong verbal and written communication skills

  • Willingness to continuously learn and be open to operating across various functions.

  • Penchant to learn about Fintech, blockchain, and digital assets.

 

Job Location: Bangalore. Must be willing to travel to US HQ in Bay Area annually, or as requested by management

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Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.