Finance Associate

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever- evolving cryptocurrency landscape.

Responsibilities:

Maintain and reconcile general ledger accounts

• Prepare and post recurring and standard journal entries with proper supporting documentation.
• Reconcile balance sheet accounts such as cash, prepaid expenses, accruals, and intercompany accounts in NetSuite.
• Assist with crypto wallet reconciliations, ensuring that on-chain balances tie to internal records and reports.

Support timely and accurate month-end and year-end close processes

• Complete assigned close checklist items in FloQast and ensure on-time task certification.
• Prepare monthly schedules (e.g., prepaid, fixed assets, leases, payroll) and tie them to the general ledger.
• Assist in identifying and correcting any posting errors or discrepancies during the close.

Prepare and review basic financial reports

• Run monthly financial reports and trial balances from ERP (like NetSuite, Oracle, etc.).
• Compile supporting schedules for the balance sheet and income statement.
• Help with variance analysis by providing account-level details and explanations for review by senior team members.

Collaborate With Other Teams To Ensure Accurate Financial Data

• Communicate with Operations, Platform, and FP&A to confirm data accuracy for transactions and entries.
• Follow standardized coding rules for vendors, departments, and accounts to ensure consistent reporting.

Assist in maintaining internal controls over financial reporting

• Follow established approval and documentation procedures for all journal entries and adjustments.
• Ensure all supporting workpapers are stored properly in the Month End Close system with clear labeling and version control.
• Support testing or walkthroughs during audit and control reviews.

Perform payroll reconciliation

• Reconcile payroll reports from systems such as Rippling to ERP (NetSuite etc) GL entries.
• Record recurring payroll and benefit journal entries based on standard templates.
• Support the team in ensuring accuracy and completeness of payroll-related liabilities.

Manage prepaid and accrual schedules

• Update and amortize prepaid expense schedules using ERP (NetSuite etc) amortization templates.
• Record standard monthly accrual entries for open invoices or unbilled expenses. Ensure all prepaid and accrual balances are properly reconciled and reviewed.

Conduct bank reconciliations to verify account balances

• Complete weekly reconciliations for fiat bank accounts.
• Investigate unmatched transactions, coordinate with the Treasury and Opex team for settlement confirmation.

Support Audits And Other External Reviews

• Prepare PBC documentation for assigned areas, including account reconciliations and supporting schedules.
• Respond to auditor inquiries with clear documentation and workpaper tie-outs.

Participate in budgeting and forecasting support

• Provide accurate historical data and expense trends to FP&A for planning purposes.
• Update and maintain allocation files and cost tracking spreadsheets under supervision.
• Help identify recurring vs. non-recurring items during budget-to-actual reviews.

Analyze financial data to identify basic trends and variances

• Review monthly account fluctuations and flag unusual variances for management review.
• Assist in building reconciliations and simple dashboards.
• Document explanations for differences between system reports and GL data.

Success:

• Strengthen in-house accounting by delivering accurate, real-time reporting
• Own monthly GL reconciliations to enable an on-time, low-issue close.
• Partner with Trading, Treasury, and Operations to validate data and ensure correct GL treatment.
• Flex across Finance functions (Intercompany, Accrual, Prepaid, Payroll) as business needs evolve.
• Execute with precision and urgency, meeting close deadlines while driving simple process improvements.
• Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry
• Collaborate effectively with all teams to achieve optimal financial outcomes for the organization
• Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs.

Required Qualifications:

• Accounting Graduate + Professional degree in accounting (preferably Chartered Accountant/CPA)
• At least 3-8 years of Accounting/Finance experience
• Expert knowledge of IFRS, US GAAP reporting standards and its application.
• Experience working in a financial institution or financial services start-up is preferred
• Proficiency in Microsoft Suite (Excel, Word, PowerPoint) and Google Suite (Google Sheet, Google Doc, Google Slides)
• Familiarity with NetSuite preferred
• Strong analytical skills and attention to detail, with the ability to interpret complex financial data
• Self-motivated, with great initiative and the ability to work independently.
• Maintain a high level of accuracy in all tasks
• Strong verbal and written communication skills, with the ability to present complex concepts clearly
• Prior experience in the cryptocurrency market is advantageous but not required