AVP, Accounting & Cash Reconciliation

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Job Summary:

LPL Financial is seeking an Assistant Vice President (AVP), Accounting & Cash Reconciliation to lead critical components of the Firm’s corporate accounting close, cash and asset reconciliation operations, and financial control environment. This role oversees daily reconciliation activities, G&A month‑end close, SEC Rule 15c3‑3 Customer Reserve calculations, and internal control compliance.

The AVP plays a key leadership role in delivering accurate, timely financial results, ensuring strong internal controls, and driving process excellence across a high‑volume, deadline‑driven environment. This position partners closely with FP&A, Treasury, Tax, Operations, Audit, and Regulatory Reporting while leading a multi‑location accounting team through a period of modernization, automation, and accelerated close timelines.

Key Responsibilities

Accounting Close & Financial Reporting

• Lead monthly, quarterly, and annual close cycles with timely, accurate financial results.

• Oversee journal entries, accruals, reclasses, and reconciliations across assigned G&A cost centers.

• Review and approve balance sheet reconciliations and financial variance analyses.

• Ensure compliance with U.S. GAAP, internal policies, and regulatory requirements.

Cash & Asset Reconciliation Oversight

• Lead end‑to‑end daily reconciliation of cash, clearing, suspense, and asset accounts.

• Review and resolve breaks, aged items, and exceptions in accordance with firm policy.

• Oversee interest, corporate actions, and cash‑related activity.

SEC Rule 15c3‑3 Customer Reserve Calculation

• Oversee daily reserve formula preparation and review.

• Validate segregation requirements and debit/credit computations.

• Coordinate timely funding movements with Treasury.

• Maintain documentation, controls, and audit support.

Governance, Controls & Compliance

• Maintain a strong internal control environment across accounting processes.

• Ensure SOX compliance and support audit requests, walkthroughs, and remediation.

• Strengthen policies, documentation, and control frameworks.

Cross‑Functional Partnership

• Serve as an accounting liaison to FP&A, Operations, Treasury, and business units.

• Provide accounting guidance and support forecasting, budgeting, and new initiatives.

Team Leadership & Development

• Lead and develop a multi‑site team across Fort Mill and San Diego.

• Set priorities, delegate effectively, and drive accountability and performance.

• Support daily operational deliverables, including reconciliations and reserve filings.

• Foster a culture of collaboration, growth, and continuous improvement.

Systems, Process Improvement & Automation

• Lead enhancements to systems and workflows to improve accuracy and efficiency.

• Drive automation of reconciliations, journal entries, and reporting.

• Support UAT, system upgrades, and data quality validation efforts.

Audit, Regulatory, and Project Support

• Support internal/external audits with schedules and analysis.

• Assist in regulatory reporting as needed.

• Contribute to strategic finance initiatives, system implementations, and process redesign.

What are we looking for?

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements:

• Bachelor’s or Master’s in Accounting, Finance, or related field

• 7–10+ years of accounting or financial reporting experience

• Understanding of U.S. GAAP, close processes, and internal controls

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