Director of Financial Reporting

About Clear Street:

Clear Street is building financial infrastructure for today’s institutions. Founded in 2018, Clear Street is an independent, non-bank prime broker 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. Our platform is fully integrated with central clearing houses and exchanges to support billions in trading volume per day. We’ve agonized about our data model abstractions, created horizontal scalability, and crafted thoughtful APIs. All so we can provide a best-in-class experience for our clients. 

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.
  
  
• Accounting Policy:
• Evaluate and document the accounting of complex transactions and accounting matters under GAAP in consultation with the standard, interpretive guidance and other sources.   
  
  
• External Audit Coordination: 
• Serve as the lead point of contact for external auditors; coordinate audit activities and address audit inquiries.
• Work closely with external auditors to ensure a smooth and efficient audit process.
  
  
• Process Optimization:
• Evaluate and enhance financial reporting processes for effectiveness, efficiency and accuracy.
• Implement best practices and stay informed about industry trends to continuously improve financial reporting capabilities.
  
  
• 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:
• Build and lead a high-performing financial reporting team.
• Mentor and develop team members, fostering a culture of continuous learning and professional growth.

Requirements:

• Education: 
• Bachelor’s degree in Accounting, Finance, or a related field is required. 
• Master’s degree in Accounting is a plus.
  
  
• Professional Certification:
• Certified Public Accounting (CPA) designation is required.
• Other relevant certifications, such as Chartered Financial Analyst (CFA), are a plus.
  
  
• Experience:
• At least 8 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.
• Ideal experience is an individual that started their career in a Bi