Staff Accountant

RQD Clearing LLC•New York, NY

11d

About The Position

RQD Clearing is a correspondent clearing firm providing clearing and settlement services for broker-dealer and investment advisors. We're a small, growing team where technology is central to everything we do—and where a junior hire can have real impact from day one. Overview RQD Clearing is looking for a Staff Accountant to join its team and play a key role in the financial reporting. As a small, hardworking team, we pride ourselves on our entrepreneurial culture and cross team collaboration. This role offers accelerated exposure to regulatory accounting and broker-dealer operations that would typically take years to access at a larger firm

Requirements

BA/BS in Accounting/Finance, CPA preferred
1-3 years professional accounting experience public/private
Willing to obtain Series 27 during the first year of employment.
Previous exposure to the financial services industry, knowledge in clearing broker dealers a plus
Knowledge of general ledger, accounts reconciliation, account analysis, and financial statement preparation
Knowledge of SEA Net Capital Rule 15c3-1 and Customer Protection 15c3-3 a plus
Solid analytical, technical, and problem-solving skills
Great interpersonal skills and excellent communication skills (written and verbal)
Highly organized with strong attention to detail and ability to multitask efficiently and effectively

Responsibilities

Please note that this role requires you to assist with entities outside of the US Clearing Broker- Dealer holding structure. The other entities include a Hong Kong Broker-Dealer and its Holding company.
Support the lifecycle of invoice processing for all entities which include upload into accounts payable invoice-to-pay software, coordinating invoice approvals across teams, posting to the general ledger, and handling requests for payment.
Support preparation of net capital computation and daily Net Liquidity Value reporting for US Clearing Broker-dealer and Hong Kong Broker-Dealer.
Support monthly closing process from beginning to end.
Maintain the fixed asset ledger and run monthly depreciation and amortization reports.
Maintain the prepaid expense ledger and run monthly amortization reports
Maintain and reconcile accounts receivable and accounts payable sub-ledgers
Assist and learn the weekly preparation of the 15c3-3 Reserve Calculation clearing business.
Assist with responses to requests from outside regulators.
Assist in preparation of budgets and projections for senior management team.
Support the annual external audit of financial statements, including preparation of audit schedules and responses to auditor questions and requests.
Assist in preparation of regulatory reports (FOCUS, SIPC, etc.) for US Clearing Broker-Dealer in an efficient, accurate, and timely manner.