Accounting Manager

THE WORK

Join Ripple Labs Inc., where we are revolutionizing the financial world with our crypto solutions! As a Senior Accountant based in Chicago, you'll play a vital role in our bold journey to deliver outstanding financial services.

WHAT YOU’LL DO

• Broker-Dealer Accounting and Regulatory Reporting:
  • Prepare and maintain the firm’s FOCUS Report filings, including net capital computations and customer reserve calculations.
  • Maintain the general ledger for the broker-dealer entity, running month-end close, account reconciliations, and journal entries.
  • Compute and monitor aggregate indebtedness ratios and net capital, flagging early warning thresholds to the CFO.
  • Support financial reporting for Stock Loan and Stock Borrow activity, including matched-book profit and loss and liquidity treatment.
• Digital Asset Finance and Accounting:
  • Handle month-end accounting for digital asset positions, incorporating mark-to-market valuations and custody reconciliations.
  • Apply and document accounting policies for digital assets consistent with evolving U.S. GAAP mentorship.
  • Reconcile on-chain and off-chain positions against custodian statements and internal trading system data.
  • Provide support for accounting related to digital asset lending, repo, and collateral arrangements.
• Financial Reporting and Controls:
  • Assist in preparation of monthly and quarterly financial statements for broker-dealer and holding company entities.
  • Support external auditors during annual financial statement audits.
  • Maintain and improve internal control procedures, including SOD documentation and reconciliation sign-off protocols.
  • Participate in systems and process improvement initiatives.

WHAT YOU’LL BRING

• Required:
• Bachelor’s degree or equivalent experience in Accounting, Finance, or a related field; CPA license or active candidacy strongly preferred.
• 3–6 years of accounting experience, with exposure to broker-dealer accounting, financial services, or public accounting.
• Working knowledge of SEC Rules 15c3-1 and 15c3-3, FINRA financial reporting requirements, and FOCUS Report preparation.
• Proficiency in U.S. GAAP financial reporting.
• Strong Excel skills; experience with general ledger systems.
• High attention to detail and ability to prioritize multiple tasks.
• Preferred:
• Background in handling digital asset accounting.
• Experience supporting FINRA or SEC regulatory examinations.
• Familiarity with prime brokerage or cleared derivatives accounting.
• Exposure to Stock Loan/Stock Borrow accounting.
• Experience with intercompany accounting across multi-entity structures.

Proficiencies

• Technical Expertise: Strong knowledge of broker-dealer accounting standards and a keen interest in achieving comparable proficiency in digital asset accounting frameworks.
• Regulatory Acumen: Ability to interpret and apply financial requirements and translate them into accurate financial records.
• Analytical Rigor: Comfortable working with large datasets and building reconciliation frameworks.
• Communication: Able to clearly detail and present accounting positions.
• Adaptability: Thrives in a constantly evolving environment.
• Integrity: Maintains the highest standards of accuracy and independence in financial reporting.