FINOP Consultant, Accounting – Broker Dealer Services

Founded in June 2023, Crete Professionals Alliance (Crete PA) aims to drive growth across accounting and professional service firms in the United States. Our initial venture in August 2023 involved acquiring a majority interest in the non-attest assets of a top 300 US-based national firm, positioning us alongside the top 100 US accounting firms based on cumulative revenue. With over ten partner firms, several deals under LOI, and substantial committed capital, Crete PA is poised to shortly become equivalent to a top 40 firm in terms of aggregate revenue, with ambitions to expand into a multi-country platform. Supported by ZBS Partners, a firm managing over $500 million in assets, and led by co-founders experienced in developing multi-industry platforms, Crete PA partners with local firms to enhance their independence while boosting their revenue and profitability.

Our partner firm, RRBB Accountants + Advisors is hiring!

Job Title: Accounting Consultant (CPA & FINOP) – Broker Dealer Services

Required License: Series 27

Location(s): Somerset, NJ or Remote (For the right candidate)

Job Type: Consulting / Contract / Part-Time or Full-Time Hours (but this is not a permanent position) / On-site or Remote work arrangement

Job Summary:
We are seeking an experienced Accounting Professional with a CPA (preferred) and FINOP FINRA Series 27 (required) license to provide specialized accounting and financial operations services to our broker-dealer clients. This individual will play a critical role in managing financial compliance, reporting, and operational activities, ensuring the firm’s compliance with regulatory requirements. While prior experience is valued, the ideal candidate should have a Bachelor’s Degree and be ready to engage in a variety of financial accounting and operations tasks.

This position offers the opportunity to work remotely, providing flexibility and autonomy for the right person.

Key Responsibilities:

1. FINOP Duties:

   • Serve as the FINOP for broker-dealer clients, overseeing all aspects of financial and operational compliance.

   • Ensure compliance with SEC, FINRA, and other regulatory bodies’ requirements.

   • Prepare and submit financial reports, including FOCUS reports, to FINRA and other regulatory agencies.

   • Monitor and ensure the maintenance of required net capital levels, resolving any discrepancies or shortfalls.

   • Perform monthly financial close processes for broker-dealer clients.

   • Evaluate and interpret financial data to prepare accurate regulatory filings and operational reports.

   • Supervise and ensure adherence to proper accounting and financial management procedures within the broker-dealer operations.

   • Oversee financial statement preparation and audits for broker-dealer clients, ensuring accuracy and compliance with GAAP (Generally Accepted Accounting Principles).

   • Provide tax planning, compliance, and preparation services, including filings for corporate taxes, business income taxes, and other related filings.

   • Offer consulting services to broker-dealer clients on financial reporting and operations, ensuring efficient and accurate accounting systems.

   • Provide guidance on accounting issues related to broker-dealer specific rules, including proper handling of client transactions, clearing, and custodial functions.

   • Assist clients with financial reporting for quarterly and annual statements, as well as responding to regulatory audits.

2. Client Service & Communication:

   • Build and maintain strong relationships with broker-dealer clients, ensuring their accounting and regulatory compliance needs are met in a timely and efficient manner.

   • Serve as a trusted advisor, providing insightful recommendations on accounting practices, operational improvements, and regulatory compliance.

   • Work with clients to streamline processes, mitigate risk, and address any operational concerns related to regulatory requirements.

3. Internal Reporting & Coordination:

   • Collaborate closely with internal teams to ensure seamless delivery of services and maintain accurate and up-to-date financial records.

   • Participate in internal audits and reviews, providing insights into operational efficiency and areas for improvement.

   • Communicate regulatory updates to clients, ensuring they stay informed about any changes to the industry or legal landscape that may affect their operations.

4. Regulatory Compliance & Risk Management:

   • Stay current on regulatory changes affecting the broker-dealer industry, ensuring client compliance with evolving legal requirements.

   • Develop and maintain policies and procedures to ensure that accounting and operations are compliant with all necessary regulatory frameworks.

   • Address compliance issues proactively, developing solutions that help clients manage risk while staying within regulatory boundaries.

5. Ad-hoc Duties:

   • Perform other duties as assigned by management, including special projects, client consultations, and internal initiatives.

   • Assist in training junior staff or team members in FINOP and accounting processes related to broker-dealer services.

 Qualifications:

• Education: Bachelor’s Degree in Accounting, Finance, or related field.

• Certifications: Active CPA (Certified Public Accountant) license preferred, and FINRA Series 27 (FINOP) license required.

• Experience: Prior experience in the broker-dealer space is strongly preferred. Experience with financial reporting, compliance, and accounting is essential.

• Skills & Competencies:

  • Strong knowledge of SEC, FINRA, and other regulatory bodies affecting broker-dealers.

  • High proficiency with accounting software, ERP systems, and Microsoft Excel.

  • Excellent attention to detail with strong analytical and problem-solving skills.

  • Ability to manage multiple clients and deliver accurate and timely financial reports under tight deadlines.

  • Strong communication skills, with the ability to explain complex financial concepts to non-financial stakeholders.

  • Ability to work independently and manage time effectively in a remote working environment.

  • High level of integrity, professionalism, and commitment to maintaining confidentiality and data security.

This position operates as part of a US East Coast-based team, with typical working hours aligning with EST to facilitate effective collaboration. We offer flexibility in managing your schedule to maintain a healthy work-life balance while meeting business needs.

We are excited to invite talented individuals to join our dynamic team! This position offers a competitive rate between $45 – $100 per hour, commensurate with experience, qualifications, and complexity of the work.

We are committed to fostering a supportive and inclusive workplace where every team member can thrive. Apply today to be part of a company that values its people and their contributions!

Crete Professionals Alliance is an equal opportunity employer, considering all applicants for employment regardless of race, color, religion, sex, gender identity, pregnancy, national origin, ancestry, citizenship, age, marital status, physical disability, sexual orientation, genetic information, or any other characteristic protected by state of federal law.

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