Finance Associate Job in Falconx

Job Title: Finance Associate

Location: Bangalore

Department: Finance

Employment Type: Full-Time

About FalconX

At FalconX, we are a pioneering team of operators, investors, and builders committed to transforming institutional access to the cryptocurrency markets. By blending traditional finance with cutting-edge technology, we are solving the industry's most pressing challenges. As the leading solution provider for all digital asset strategies, FalconX empowers clients to navigate the rapidly evolving world of cryptocurrency with confidence, clarity, and ease.

Our clients range from large financial institutions to innovative startups, and we are building the connective infrastructure that bridges conventional financial markets and the world of digital assets.

What You ll Do

As a Finance Associate at FalconX, you will play a critical role in ensuring accurate financial operations and reporting within the organization. You will support the team with key accounting tasks, reconciliations, reporting, and audits while helping streamline processes for optimal financial outcomes.

Key Responsibilities

Maintain & Reconcile General Ledger Accounts:

• Prepare and post journal entries with appropriate supporting documentation.
• Reconcile balance sheet accounts such as cash, prepaid expenses, accruals, and intercompany accounts using NetSuite.
• Support crypto wallet reconciliations, ensuring that on-chain balances align with internal records.

Month-End & Year-End Close:

• Assist with the timely and accurate month-end and year-end closing processes, including completion of checklist items in FloQast.
• Prepare monthly schedules and ensure they tie to the general ledger.
• Identify and correct posting errors during the close process.

Prepare Financial Reports:

• Run monthly financial reports and trial balances from ERP systems (e.g., NetSuite, Oracle).
• Compile supporting schedules for balance sheets and income statements, assist with variance analysis and provide account-level explanations.

Cross-Functional Collaboration:

• Collaborate with Operations, Platform, and FP&A teams to confirm data accuracy for financial transactions and journal entries.
• Follow standardized coding rules for vendors, departments, and accounts to ensure consistent reporting.

Internal Controls and Compliance:

• Adhere to internal controls over financial reporting, following established approval and documentation procedures for all journal entries.
• Support audit and control reviews, assisting with PBC documentation and responding to auditor inquiries.

Payroll Reconciliation:

• Reconcile payroll reports from systems like Rippling to the ERP (NetSuite) GL entries.
• Record recurring payroll and benefit journal entries and support the team in managing payroll-related liabilities.

Prepaid and Accrual Management:

• Update and amortize prepaid expense schedules using ERP templates.
• Record standard accrual entries for open invoices or unbilled expenses, ensuring all balances are reconciled.

Bank Reconciliation:

• Conduct weekly reconciliations for fiat bank accounts, investigate unmatched transactions, and coordinate with the Treasury and Opex teams for settlement confirmation.

Budgeting and Forecasting Support:

• Provide historical data and expense trends to support the FP&A team with planning and budgeting.
• Help track recurring vs. non-recurring items during budget-to-actual reviews and maintain allocation files.

Financial Analysis & Reporting:

• Assist in analyzing monthly account fluctuations and identify significant variances.
• Build reconciliations and basic dashboards for reporting purposes.

Success in the Role

• Own the general ledger reconciliations to enable smooth and on-time month-end close.
• Partner with Trading, Treasury, and Operations teams to validate data and ensure proper GL treatment.
• Demonstrate a passion for working in a fast-paced, dynamic environment with a strong initiative to learn and grow.
• Maintain high levels of accuracy and attention to detail, ensuring all tasks are executed with precision.
• Exhibit the ability to multitask efficiently under pressure while meeting deadlines and achieving departmental goals.

Required Qualifications

Educational Background:

• Bachelor s degree in Accounting, Finance, or related field.
• Professional certifications (e.g., Chartered Accountant (CA), CPA) preferred.

Experience:

• 3 5 years of relevant experience in accounting and finance.
• Experience working in financial institutions or financial services start-ups is preferred.
• Familiarity with IFRS and US GAAP reporting standards.

Technical Skills:

• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Familiarity with NetSuite or other ERP systems.
• Strong analytical skills and the ability to interpret complex financial data.

Communication & Interpersonal Skills:

• Strong verbal and written communication skills, with the ability to present complex concepts clearly and concisely.
• A collaborative mindset, with the ability to work across multiple teams and interact with stakeholders at various levels.

Other Skills:

• Detail-oriented with a focus on accuracy in financial data management.
• Ability to work independently with great initiative.
• Prior experience in cryptocurrency markets is advantageous but not required.

Why FalconX?

• Innovative Environment: Join a dynamic team at the intersection of traditional finance and the emerging crypto market.
• High-Growth Opportunity: Be part of a rapidly scaling organization with access to cutting-edge technology and the evolving landscape of digital assets.
• Collaborative Culture: Work alongside industry leaders and innovators who share a commitment to making crypto markets accessible and transparent.
• Competitive Compensation: Enjoy a comprehensive salary and benefits package with opportunities for career growth and development.

If you are eager to be a part of an industry-defining company at the forefront of the crypto revolution, we want to hear from you. Join FalconX and help shape the future of digital asset trading and institutional access!