Finance Associate

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and 
cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-
evolving cryptocurrency landscape.

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and 
cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-
evolving cryptocurrency landscape.

Responsibilities:
Maintain and reconcile general ledger accounts

• Prepare and post recurring and standard journal entries with proper supporting documentation.

• Reconcile balance sheet accounts such as cash, prepaid expenses, accruals, and intercompany accounts in NetSuite.

• Assist with crypto wallet reconciliations, ensuring that on-chain balances tie to internal records and reports.

Support timely and accurate month-end and year-end close processes

• Complete assigned close checklist items in FloQast and ensure on-time task certification.

• Prepare monthly schedules (e.g., prepaid, fixed assets, leases, payroll) and tie them to the general ledger.

• Assist in identifying and correcting any posting errors or discrepancies during the close.

Prepare and review basic financial reports

• Run monthly financial reports and trial balances from ERP (like NetSuite, Oracle, etc.).

• Compile supporting schedules for the balance sheet and income statement.

• Help with variance analysis by providing account-level details and explanations for review by senior team members.

Collaborate with other teams to ensure accurate financial data

• Communicate with Operations, Platform, and FP&A to confirm data accuracy for transactions and entries.

• Follow standardized coding rules for vendors, departments, and accounts to ensure consistent reporting.

Assist in maintaining internal controls over financial reporting

• Follow established approval and documentation procedures for all journal entries and adjustments.

• Ensure all supporting workpapers are stored properly in the Month End Close system with clear labeling and version control.

• Support testing or walkthroughs during audit and control reviews.

Perform payroll reconciliation

• Reconcile payroll reports from systems such as Rippling to ERP (NetSuite etc) GL entries.

• Record recurring payroll and benefit journal entries based on standard templates.

• Support the team in ensuring accuracy and completeness of payroll-related liabilities.

Manage prepaid and accrual schedules

• Update and amortize prepaid expense schedules using ERP (NetSuite etc) amortization templates.

• Record standard monthly accrual entries for open invoices or unbilled expenses.
Ensure all prepaid and accrual balances are properly reconciled and reviewed.

Conduct bank reconciliations to verify account balances

• Complete weekly reconciliations for fiat bank accounts.

• Investigate unmatched transactions, coordinate with the Treasury and Opex team for settlement confirmation.

Support audits and other external reviews

• Prepare PBC documentation for assigned areas, including account reconciliations and supporting schedules.

• Respond to auditor inquiries with clear documentation and workpaper tie-outs.

Participate in budgeting and forecasting support

• Provide accurate historical data and expense trends to FP&A for planning purposes.

• Update and maintain allocation files and cost tracking spreadsheets under supervision.

• Help identify recurring vs. non-recurring items during budget-to-actual reviews.

Analyze financial data to identify basic trends and variances

• Review monthly account fluctuations and flag unusual variances for management review.

• Assist in building reconciliations and simple dashboards.

• Document explanations for differences between system reports and GL data.

Success:

• Strengthen in-house accounting by delivering accurate, real-time reporting

• Own monthly GL reconciliations to enable an on-time, low-issue close.

• Partner with Trading, Treasury, and Operations to validate data and ensure correct GL treatment.

• Flex across Finance functions (Intercompany, Accrual, Prepaid, Payroll) as business needs evolve.

• Execute with precision and urgency, meeting close deadlines while driving simple process improvements.

• Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry

• Collaborate effectively with all teams to achieve optimal financial outcomes for the organization

• Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs.

Required Qualifications:

• Accounting Graduate + Professional degree in accounting (preferably Chartered Accountant/CPA)

• At least 3-5 years of Accounting/Finance experience

• Expert knowledge of IFRS, US GAAP reporting standards and its application.

• Experience working in a financial institution or financial services start-up is preferred

• Proficiency in Microsoft Suite (Excel, Word, PowerPoint) and Google Suite (Google Sheet, Google Doc, Google Slides)

• Familiarity with NetSuite preferred

• Strong analytical skills and attention to detail, with the ability to interpret complex financial data

• Self-motivated, with great initiative and the ability to work independently.

• Maintain a high level of accuracy in all tasks

• Strong verbal and written communication skills, with the ability to present complex concepts clearly

• Prior experience in the cryptocurrency market is advantageous but not required

Notice at Collection and Privacy Policy

Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at [email protected], if you need assistance with participating in the application process.