Director Of Financial Reporting

About Clear Street:

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

The Team:

Our Finance team is small but rapidly growing in a dynamic environment that offers the opportunity to learn about the business from the ground up. The team operates in a flat structure, allowing you to be a peer contributing to various aspects of accounting and reporting functions. Collaboration with different teams across the organization is integral to ensuring that finance and accounting functions are executed in a timely manner. As technology is driving our company's mission, the team will also leverage technology to automate accounting tasks and steer Clear Street and the finance team towards a more efficient future.

The Role:

The Director of Financial Reporting will be responsible for managing all aspects of financial reporting, including the preparation of financial statements, compliance with accounting standards, and coordination with Finance personnel globally, other internal stakeholders and external auditors. This role requires a seasoned professional with a strong background in financial reporting, technical accounting expertise, and the ability to provide strategic insight to support Clear Street’s growth.

Key Responsibilities:

• Financial Reporting Leadership: 
• Lead and oversee the financial reporting function, ensuring the timely and accurate preparation of financial statements in accordance with GAAP and US broker dealer specific disclosure requirements.
• Provide guidance on complex accounting issues and collaborate with cross-functional teams to ensure accurate financial reporting.
• Coordination with Finance personnel globally to ensure timely consolidation under GAAP.
• Regulatory Compliance: 
• Stay abreast of changes in accounting regulations and standards; ensure compliance with reporting requirements.
• Help manage relationships with regulatory bodies and coordinate responses to inquiries related to financial reporting.
• External Audit Coordination: 
• Serve as the lead point of contact for external auditors; coordinate audit activities and address audit inquiries.
• Process Optimization:
• Evaluate and enhance financial reporting processes for effectiveness, efficiency and accuracy.
• Strategic Financial Analysis:
• Provide financial insights to senior management and key stakeholders to support decision-making.
• Contribute to strategic financial planning, budgeting, and forecasting processes.
• Talent Development:
• Mentor and develop team members, fostering a culture of continuous learning and professional growth.

Requirements:

• Bachelor’s degree in Accounting, Finance, or a related field is required. 
• Master’s degree in Accounting is a plus.
• Certified Public Accounting (CPA) designation is required.
• Other relevant certifications, such as Chartered Financial Analyst (CFA), are a plus.
• 8 - 15 years of relevant experience in financial reporting, accounting, or a related field.
• Progressive experience in roles of increasing responsibility within the finance and accounting function is preferred.
• Experience in preparing and overseeing the preparation of financial statements in accordance with GAAP.
• Experience with complex accounting issues, consolidations, and financial statement analyses.
• Familiarity with the financial services or fintech industry, preferably with a focus on prime brokerage and market making.
• Excellent (verbal and written) communication and interpersonal skills, with the ability to convey complex accounting concepts to non-financial stakeholders, as the role involves interacting with internal stakeholders, senior management, external auditors, and possibly regulatory authorities.
• Ability to work collaboratively in a fast-paced environment, managing multiple priorities and deadlines.
• Strong leadership skills with a track record of mana