Staff Accountant - Chicago, Illinois United States - 40741


Job #: 40741
Title: Staff Accountant
Job Location: Chicago, Illinois - United States
Employment Type:
Salary: $85,000.00 - $90,000.00 - US Dollars - Yearly
Other Compensation: benefits
Employer Will Recruit From: Local
Relocation Paid?: NO


can be either in Chicago New York or New Jersey

Big Broker Dealer and FCM worldwide

someone with only 2 yrs exp...coming out of a public accounting firm that audits brokerage trading firms on the broker dealer side

or who is currently working at a broker dealer

2-3 yrs max...not looking for a15 to  20 yr senior



Job Responsibilities:

  • General Ledger to Sub-Ledger activities
    • Daily maintenance of Broadridge sub-ledger interface mapping
    • Maintain data integrity of the sub-ledger system reconciliation
    • Support static data management for multiple system interfaces  
  • Daily Reporting
    • Prepare accounting accruals to estimate direct expenses and allocate costs to trading desks
    • Review back-office reporting to verify daily P&L is consistent to general   
    • Identify trade breaks and prepare journal entries to record break appropriate adjustments 
    • Reconcile General Ledger to sub-ledgers, pursue explanations and rectify variances
    • Prepare daily funding and Liquidity reporting to the trading desk
    • Monitor daily expense accrual based on a variety of cost drivers and financial products
    • Compare desk P&L against front office expectations
    • Identify data quality issues with respect to position breaks and pricing discrepancies
    • Ability to adapt quickly to ensure accurate daily reporting to senior management
  • Month End/Year End close
    • Prepare month-end accruals for broker-dealer activities
    • Calculate trader/desk performance compensation estimates for select broker-dealer business units
    • Prepare balance sheet reconciliations between source system/third party data and the general ledger
    • Provide research and analysis to inquiries regarding desk performance
  • Interaction with other departments
    • Consistent interaction with front office personnel and desk managers
    • Work closely with Operations, Outsourced back-office Operations, and Treasury Operations to facilitate financial reporting and controls
    • Ad-hoc reporting and analysis of broker-dealer business unit performance
    • Support manager in preparing and reporting on liquidity management, working capital and other financial impacts to the broker-dealer business units







  • 2+ years of accounting experience at a reputable FINRA broker-dealer or bank trading operation
  • Bachelor’s Degree in Accounting or Finance (CPA plus)
  • Strong Excel Skills (Microsoft Access and related database skills a plus)
  • Experience with interacting with trading desks and working with Broadridge applications a plus
  • General knowledge of financial products
    • Fixed Income (ABS/MBS, Corporate Bonds, TBA’s, repo)
    • Equity, Equity Options and Securities Lending
    • Derivatives
  • Organized, process oriented and capable of defining and documenting process and procedure
  • Able to work independently in a fast-paced environment
  • Controls oriented mindset and able to communicate issues effectively

University - Bachelor's Degree/3-4 Year Degree


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