RQD Clearing is a correspondent clearing firm providing essential clearing and settlement services for broker-dealers and investment advisors. They are seeking a Staff Accountant to play a key role in financial reporting, with a focus on regulatory accounting and broker-dealer operations.
Responsibilities
- 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
Skills
- BA/BS in Accounting/Finance
- 1-3 years professional accounting experience public/private
- Willing to obtain Series 27 during the first year of employment
- Knowledge of general ledger, accounts reconciliation, account analysis, and financial statement preparation
- 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
- CPA preferred
- Previous exposure to the financial services industry, knowledge in clearing broker dealers a plus
- Knowledge of SEA Net Capital Rule 15c3-1 and Customer Protection 15c3-3 a plus
Company Overview
RQD* Clearing is a next-generation correspondent clearing provider, providing advanced clearing, custody and execution solutions built for the modern markets. It was founded in 2021, and is headquartered in New York, New York, USA, with a workforce of 11-50 employees. Its website is https://rqdclearing.com.