Director, Product Accounting Controller at FalconX

New City, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Cryptocurrency, Financial ServicesIndustries

Requirements

BA/BS in Accounting or related field
Certified Public Accountant (CPA) or equivalent preferred
10+ years of progressive accounting experience, with significant experience in a leadership role in similar industries (digital assets, banking, broker-dealer, hedge fund, etc.), with a minimum of 7+ years in senior management leading large global teams
Strong knowledge and leadership in accounting operations, with proven experience in building, developing, mentoring, and inspiring a diverse, high-performing professional accounting team globally
Experience in system implementation and project management
Background in financial services, fintech, banking, crypto, or exchanges is strongly preferred
Hands-on knowledge of working/operating in an environment with an ERP (like NetSuite)

Responsibilities

Lead and develop the platform/product accounting team, driving efficiency and automation to meet the demands of our high-growth environment
Oversee the monthly global financial close process, ensuring accurate and timely preparation of global consolidation
Bring knowledge around technical accounting issues such as revenue recognition, derivatives, borrowing/lending, spot, consolidation, stock options, business combinations, MTM accounting, and other accounting matters
Own the general ledger and recording of all business transactions, including detailed analysis and reconciliation of accounts, while ensuring compliance with US GAAP, local accounting requirements, and internal policies
Enhance operational effectiveness and efficiency within the Controllership organization by streamlining and improving processes and internal controls
Manage annual external audit preparation and oversight, liaising with finance transformation, tax, treasury, legal, and other functions
Build and lead a strong global team through active recruiting, motivating, coaching, training, and mentoring team members
Collaborate with cross-functional teams to support strategic initiatives and provide financial insights
Preparation of monthly, quarterly, and annual financial statements; consolidation of various entities to deliver the Group’s results
Provide explanations for queries from auditors, regulators and authorities
Designing and implementing processes, policies & procedures, internal control framework, etc
Coordination with external auditors and other relevant teams in/out of the organization
Assist with system integrations and optimizations
Support ad hoc financial information requests and other special projects as assigned
Provide support for internal and external audits related to specific areas of responsibility
Embrace and uphold a culture of open-mindedness and proactive problem-solving
Adapt to rapidly changing priorities with agility and flexibility
Build strong relationships across the organization to drive collaborative success

Skills

Key technologies and capabilities for this role

US GAAPRevenue RecognitionDerivatives AccountingMTM AccountingFinancial CloseGeneral LedgerAccount ReconciliationInternal ControlsExternal AuditBusiness CombinationsStock OptionsConsolidation

Questions & Answers

Common questions about this position

What are the key responsibilities of the Director, Product Accounting Controller role?

The role involves leading and developing the platform/product accounting team, overseeing the monthly global financial close, owning the general ledger and transaction recording, managing audits, and building a global team while ensuring US GAAP compliance.

What technical accounting knowledge is required for this position?

Candidates need knowledge of technical accounting issues such as revenue recognition, derivatives, borrowing/lending, spot, consolidation, stock options, business combinations, MTM accounting, and other matters, along with US GAAP compliance.

Is experience with ERP systems like NetSuite required?

Yes, hands-on knowledge of working/operating in an environment with an ERP like NetSuite is required, including assisting with system integrations and optimizations.

What does the team structure look like for this role?

The role requires leading and developing the platform/product accounting team within the dynamic Global Finance Team, including active recruiting, motivating, coaching, training, and mentoring of team members.

What makes a strong candidate for this Director role?

A strong candidate will have deep technical accounting expertise in areas like revenue recognition and derivatives, hands-on ERP experience like NetSuite, proven leadership in building global teams, and the ability to drive efficiency in a high-growth crypto finance environment.

FalconX

Institutional crypto trading platform for financial institutions

About FalconX

FalconX is an institutional crypto trading platform that simplifies the trading of digital assets like Bitcoin and Ethereum for financial institutions. It provides clear price discovery and efficient trade execution, allowing clients to trade without concerns about hidden fees. The platform is trusted by major financial institutions and offers tailored services such as trade execution, credit, and treasury management. FalconX aims to deliver a reliable and comprehensive trading experience for institutional investors in the digital asset market.

San Mateo, CaliforniaHeadquarters

2018Year Founded

$415.4MTotal Funding

SERIES_DCompany Stage

Fintech, Crypto & Web3Industries

201-500Employees

Benefits

Hybrid Work Options

Performance Bonus

Company Equity

Risks

Increased competition in crypto derivatives could pressure FalconX's profit margins.

Regulatory scrutiny may impact the adoption of FalconX's auto-liquidation service in APAC.

Expansion into FX market may lead to integration challenges and operational risks.

Differentiation

FalconX eliminates slippage and hidden fees using advanced data science techniques.

The platform is trusted by major financial institutions for its reliability and effectiveness.

FalconX offers a comprehensive suite of services tailored for institutional clients.

Upsides

Acquisition of Arbelos Markets strengthens FalconX's position in the crypto derivatives market.

Launch of auto-liquidation service enhances capital efficiency for APAC crypto miners.

New FX desk in London expands FalconX's service offerings into traditional markets.

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