Finance Associate at FalconX

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, CryptocurrencyIndustries

Requirements

Accounting Graduate + Professional degree in accounting (preferably Chartered Accountant/CPA)
Prior working experience of 3-5 years in similar industry (Banking, Broker-Dealer etc.) and specifically with the Trading division
Experience into capital and liquidity reporting in a bank
Expert knowledge of IFRS, US GAAP reporting standards and its application
Hands-on knowledge of working/operating in an environment with ERP (like NetSuite, Oracle, SAP, etc.)
Understanding of E2E Trade Flow & related dynamics (Settlement, Market-making etc.)
Proficiency with MS Excel Finance is a must
Enthusiastic, Self-starter, Detail-oriented with excellent analytical & problem-solving capability and with 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

Responsibilities

Day to day Accounting, Book-keeping, Reporting as per the extant GAPP (US, IndAS or IFRS)
Understand the company’s operations and settlement processes, support the trade operations & settlement team by performing daily/weekly/monthly reconciliations & attestation procedures
Experience of setting up Processes, Policies & Procedures, Control Framework turn of, etc
Good knowledge about financial products and relevant accounting standards
Experienced into preparation of the financial statements and related disclosures for the broker dealer business
Help the team build inhouse accounting & reporting capabilities, streamline & consolidate Finance & Accounting process and ensure real-time & accurate financial information to all the stakeholders
Manage Legal Entities w.r.t. their closing and audits
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, open to move across and perform multiple functions i.e. Accounting, Treasury, Settlements, Reporting, etc
Build SME knowledge (from accounting, reporting, regulatory perspective) of the environment the firm is operating in
Ability to multi-task, work effectively under pressure, prioritize, and manage workload to meet internal needs

Skills

Key technologies and capabilities for this role

GAAPIFRSIndASNetSuiteOracleSAPReconciliationsFinancial ReportingBookkeepingERPFinancial StatementsAudits

Questions & Answers

Common questions about this position

What qualifications are required for the Finance Associate position?

Candidates must be Accounting Graduates with a professional degree in accounting, preferably Chartered Accountant or CPA, and have 3-5 years of prior experience in banking or broker-dealer industries, specifically with trading divisions.

What technical skills are essential for this role?

Expert knowledge of IFRS and US GAAP reporting standards, hands-on experience with ERP systems like NetSuite, Oracle, or SAP, proficiency with MS Excel, and understanding of E2E Trade Flow including settlement and market-making are required.

What is the salary or compensation for this position?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What personal qualities make a strong candidate for this role?

Strong candidates are enthusiastic self-starters who are detail-oriented with excellent analytical skills, able to multi-task, work under pressure, prioritize, and manage workload effectively.

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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