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Posted: Fri Mar 01 2024

Broker Dealer Accountant

Chicago, Illinois

Direct Hire

The Broker Dealer Accountant will uphold the responsibility of maintaining precise financial records and reporting within the broker-dealer. This role will work closely with multiple departments, including trading, operations, and compliance, to guarantee proper accounting treatment of transactions and compliance with regulatory standards. The selected candidate will hold a pivotal role in safeguarding the financial integrity of the firm's operations.

Closely work with trading, operations, and compliance departments to ensure precise accounting treatment of transactions and adherence to regulatory standards
Prepare and assess financial statements, including balance sheets, income statements, and cash flow statements, adhering to GAAP and industry regulations
Record, reconcile, and evaluate securities transactions to ensure accurate classification and valuation
Monitor and uphold compliance with BD regulations set by the SEC, FINRA, and other relevant regulatory bodies
Conduct daily, monthly, and annual reconciliations of brokerage accounts, bank accounts, and other financial records to detect and resolve discrepancies
Aid in coordinating internal and external audits by providing necessary documentation and explanations to auditors
Collaborate with other departments to find ways to improve operations, profitability, and data integrity
Establish and maintain internal controls and procedures to safeguard assets, prevent fraud, and mitigate financial risk
Utilize software applications, systems, and databases to accurately record, track, and analyze information

Bachelor's Degree in Accounting, Finance, or related field
CPA and/or FINRA Series 27, preferred
Knowledge of accounting principles, regulations, and industry-specific rules for broker-dealers
Strong analytical skills and attention to detail
Proficiency in financial software and Microsoft Excel
Excellent communication and teamwork skills to collaborate effectively with various departments

Brokerage Consultants Inc.