Associate Director

What is the opportunity?

The Associate Director role will support the Financial Control team on month end close, financial reporting and ad hoc tasks as assigned.

What you will do?

Manage a team of two individuals covering the following tasks:

• Responsible for overseeing the recording and settlements of intercompany transactions between the broker dealer and counterparts globally
• Work closely with the Transfer Pricing team and global finance counterparts to ensure accuracy and consistency for intercompany transactions
• Prepare intercompany loan interest schedule, book associated monthly interest and settle interest when due
• Responsible for the accounting of fixed assets for the broker dealer including internal developed software (IDS)
• Responsible for reviewing and booking accruals for various expenses including market data, legal, audit and regulatory accruals ensuring accuracy with proper controls in place
• Liaise with various operations and IT teams on compiling and subsequently amortizing multiple prepaid items including prepaid licenses and market data
• Work with operations to process journal entries for clearing fees, brokerage charges and other applicable invoices
• Responsible for monthly close out of FX P/L accounts to retained earnings
• Book equity pickup for the broker dealer’s subsidiary
• Prepare monthly bank reconciliation for the entity’s payroll account
• Prepare and maintain proper supporting documentation for all journal entries processed
• Review assigned balance sheet accounts for illogicals, booking reclass entries where needed
• Prepare month end reconciliations including substantiation of assigned balance sheet accounts for monthly sign offs
• Oversee the updating of procedures for all tasks and work on continuous process improvements
• Accrue fees for regulatory assessments (SIPC, FINRA etc.)
• Prepare month end reconciliations including substantiation of assigned balance sheet and income statement accounts for monthly sign offs
• Assist with processing journal entries for the Wealth Management business
• Maintain and monitor a checklist of all assigned tasks with due dates ensuring all tasks are covered on timely basis
• Assist with updating procedures for all tasks and work on continuous process improvements
• Ensure adherence to accounting requirements and firm policies

What you need to succeed?

Must Have

• Bachelor’s Degree in accounting
• Previous managerial experience
• 6+ years general accounting experience with fixed assets exposure
• Excellent communication skills
• Strong analytical / problem solving skills
• Well organized with the ability to work and manage multiple tasks
• Ability to develop and maintain relationships with teams across the firm including fixed asset support teams, finance, operations, technology, and head office teams
• Strong excel skills and aptitude to learning new systems

Nice to Have

• Knowledge PeopleSoft general ledger preferred
• CPA
• Managerial and communication skills

Job Skills

Additional Job Details