Senior Accountant

Senior Accountant, Broker-Dealer AccountingOffice - NYCDriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.There's never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing!About The TeamAs the executing and clearing broker-dealer, DriveWealth LLC self-clears trades, custodies assets on behalf of introducing broker-dealers, and operates within a highly regulated, SEC/FINRA-supervised environment. As we scale, we're building a finance function with the rigor, precision, and technical depth this regulatory environment demands—and we're looking for a Senior Accountant to be a key contributor to that build-out.You'll join a lean, high-caliber finance team at a firm operating at the intersection of fintech innovation and serious regulatory rigor. This is a role with real scope and visibility—your work directly supports the firm's regulatory filings and is seen by the CAO, Deputy CFO, and external auditors and regulators. As DriveWealth scales, so will your ownership of the close process.About The RoleThis is a hands-on senior accounting role at the center of a self-clearing broker-dealer's monthly close. You will own a broad set of reconciliations, accruals, and journal entries spanning bank cash management, clearing and execution venue relationships, regulatory fee accruals, and interest income across multiple custodial and sweep banks. You'll work closely with Treasury, Operations, Regulatory Reporting, and the Controller's team, and your output feeds directly into the firm's FOCUS filings and net capital computations. This role suits someone who wants real ownership of a broker-dealer close process—not just a piece of it—and who is energized by the complexity of clearing, custody, and regulatory accounting.What You'll DoBank & Cash ReconciliationPerform and review monthly bank reconciliations across multiple operating, sweep, and clearing deposit accountsRecord and reconcile interest income/expense entries across all cash and deposit accounts, including CD interest income and money market servicing fee accrualsPrepare intra-bank transfer entries and investigate/clear reconciling items timelyClearing, Execution & Market Data AccrualsPrepare and true-up monthly accruals for clearing broker relationships, comparing accrual to actual invoiced amounts and researching variancesPrepare accruals and actuals for exchange and execution-venue costs and compare current accruals against vendor invoicesPrepare PFOF (payment for order flow) and commission comparison analyses, reconciling internal billing files to counterparty statementsReconcile DTCC/NSCC interest income on deposits (accrual and actual) and related clearing expense entriesRegulatory & Compliance AccrualsPrepare monthly accruals for regulatory fees, including CAT (Consolidated Audit Trail), SEC Section 31 fees, and FINRA fees (including prepaid FINRA Flex account activity)Support preparation of the DW LLC FOCUS report roll-forward and related flux analysis, ensuring balance sheet and income statement movements are understood and explainableMaintain documentation supporting all accruals and reconciliations to withstand internal, auditor, and regulatory (SEC/FINRA) scrutinyCustody, Omnibus & Mutual Fund ActivityReconcile omnibus and clearing accounts held at correspondent clearing firms, ensuring activity ties to statements and supporting schedulesPrepare mutual fund settlement accruals and reconcile related P&L account activitySupport proper classification of customer payables and pending disbursements (e.g., ACH pulls, sweep account movements) at month-end cutoffGeneral Close & ReportingPrepare and post journal entries in accordance with the monthly close calendar, ensuring accuracy, proper support, and timely postingPrepare DW LLC expense accruals and sales compensation accrualsPartner with the Controller and Deputy CFO on flux analysis, variance explanations, and ad hoc analysis supporting FOCUS/X-17A-5 filings and net capital reportingIdentify opportunities to streamline, automate, and strengthen close processes and controls as the business scalesYou Bring5+ years of progressive accounting experience, including meaningful exposure to a broker-dealer, clearing firm, custodian, or other regulated financial services environmentWorking knowledge of broker-dealer specific concepts: customer/broker payables, clearing deposits, sweep programs, PFOF, and regulatory fee structures (CAT, Section 31, FINRA)Strong general ledger and month-end close experience, including complex accruals, multi-entity/multi-bank reconciliations, and journal entry preparation and reviewComfort working with high transaction volumes and reconciling activity across multiple external counterparties (clearing brokers, exchanges, custodian banks, mutual fund platforms)Exposure to FOCUS reporting, net capital rules (SEC Rule 15c3-1), or the customer reserve formula (SEC Rule 15c3-3) is a strong plusAdvanced Excel skills (pivot tables, lookups, large dataset reconciliation); experience with ERP/GL systems (e.g., NetSuite) preferredCPA or active progress toward CPA preferred, not requiredHigh attention to detail balanced with the ability to work efficiently against a fixed monthly close calendarStrong written and verbal communication skills—able to clearly document and explain variances to auditors, regulators, and senior finance leadershipA self-starter mentality comfortable with ambiguity and process-building in a scaling fintech environmentLocationThis role is open to candidates in the following locations: New York, NY - HybridThis role is expected to come into the office three to four days a week, on a cadence set by the Hiring Manager/Team.If you're not based in the location above, this role is not a fit, and we cannot accommodate remote work outside these locations.Applicants must be authorized to work for any employer in the U.S. DriveWealth does not sponsor or take over sponsorship of an employment visa at this time.Pay Range: $140,000 – $150,000 USD