VP Finance

Hold Brothers•New York, NY

14h•$140,000 - $170,000•Remote

About The Position

Hold Brothers Capital, LLC is a leading direct access trading firm that deals primarily with the trading of domestic equities. We offer traders internationally the latest technology that enables high speed direct access to the equity markets through our proprietary software and API connectivity. This fast, efficient operation offers comprehensive summary reporting and superior technology and service. Hold Brothers is a self-clearing broker-dealer is a member of FINRA and SIPC.

Requirements

Bachelor’s Degree required
CPA preferred
series 27 a plus, but not required. must be willing to take the test
Microsoft Dynamics GP a plus
Previous experience in accounting function at a broker dealer, clearing firm, or financial services industry a plus
QuickBooks or equivalent accounting platforms and advanced Excel skills required
Prior Payroll experience preferred
Minimum of 3+ years accounting experience
Previous experience in accounting function at a broker dealer, clearing firm, or financial services industry a plus
Experience as a broker-dealer FINOP professional
ADP Workforce Now preferred
An understanding of financial reporting systems, procedures, and controls
Strong organizational skills, attention to detail and prioritization capabilities
Demonstrated ability to manage multiple projects and adapt to change
Strong analytical, critical-thinking and problem-solving skills
Basic understanding of internal controls
Ability to effectively communicate and interact with all levels of management and work in a team-oriented environment
Ability to collaborate effectively with business partner

Nice To Haves

CPA preferred
series 27 a plus, but not required. must be willing to take the test
Microsoft Dynamics GP a plus
Previous experience in accounting function at a broker dealer, clearing firm, or financial services industry a plus
Prior Payroll experience preferred
Previous experience in accounting function at a broker dealer, clearing firm, or financial services industry a plus
ADP Workforce Now preferred

Responsibilities

Under the direction of the CFO, work on day to day accounting responsibilities of self-clearing proprietary trading firm including but not limited to the following:
Payroll processing and administration including: ADP Workforce Now Time & Attendance administration, new employee set-up, payroll audits, payroll tax reporting and reconciliations, etc.
Ensuring accurate and timely completion of all accounting reports and financials including FOCUS filings.
Responsible for monthly reconciliations and bookkeeping, prepare and submits wire requests as needed, and travel & entertainment expense oversight and accounting
Actively ensuring the firm is in regulatory compliance with net capital requirements
Has the ability to develop and maintain concrete accounting policies, processes and systems to ensure optimal controls for the company
Oversee the monthly close of the company books, the general ledger, and reporting of financial results
Prepare weekly and monthly management financial health reports which will include, revenue/ expenses as well as financial comments with recommendations
Has experience creating projections, rolling revenue calculations and Pro-Formas.
Handle treasury functions for Firm and affiliates
Coordination of audits and the establishment and constant improvement of accounting policies which will include the development of efficient and effective processes that also support key areas of the business as well as internal controls
Work with upper management in identifying and resolving BD related financial issues and suggesting procedure changes as necessary
Account Payables/Receivables accounting and expense allocations
Assist in managing new and existing banking relationships and administration
Assist in data gathering for all tax filings and annual audit support