AVP - Cash Reconciliation

Vaco by Highspring; Charlotte (NC); On-site; USD 130,500 - 159,500; Full time

Benefits offered by this job

Medical, dental, and vision benefits

401(k) retirement plan

Discretionary bonuses

Job summary

A leading financial services firm seeks an Assistant Vice President (AVP), Cash Reconciliation in Charlotte, NC. This role demands a seasoned professional with over 8 years of experience in finance and cash reconciliation, ensuring compliance with SEC rules while leading a dynamic team. The AVP will oversee complex reconciliation activities, validate regulatory calculations, and enhance internal controls. Candidates should hold a relevant degree and show demonstrated leadership in a broker-dealer environment, with competitive compensation and benefits offered.

Qualifications

• 8+ years of experience in finance, cash reconciliation, or broker-dealer operations.
• Series 99 license (or ability to obtain within 120 days of hire).
• Expertise in SEC Rule 15c3-3 and broker-dealer regulatory requirements.

Responsibilities

• Lead daily reconciliation of cash, clearing, and asset positions.
• Oversee preparation and validation of daily Customer Reserve calculations.
• Maintain and enhance internal controls supporting operations.

Skills

Cash reconciliation

Regulatory compliance

Financial analysis

People leadership

Process improvement

Advanced Excel

Education

Bachelor’s or Master’s degree in Finance, Accounting, Business, or a related discipline

Tools

Oracle

BETA

Kyriba

Job description

AVP - Cash Reconciliation

Join Vaco by Highspring in the role of Assistant Vice President (AVP), Cash Reconciliation. This senior leadership position within Finance & Operations is accountable for daily cash and asset reconciliation and ensuring compliance with SEC Rule 15c3-3 (Customer Protection Rule).

Base Pay Range

$145,000.00/yr - $145,000.00/yr

Company Overview

Our client is a well-established Fortune 500 technology-enabled financial services organization experiencing ongoing growth and transformation. The company fosters a collaborative and dynamic culture with strong leadership and opportunities to impact enterprise-level accounting operations.

Role Overview

The AVP leads complex reconciliation and reserve activities, oversees daily Customer Reserve Calculations, strengthens governance and internal controls, and partners closely with Treasury, Accounting, Compliance, Risk, and Technology. The role requires deep technical expertise, regulatory acumen, and proven people leadership in a high-volume broker‑dealer environment.

Key Responsibilities

• Direct end‑to‑end daily reconciliation of cash, clearing, suspense accounts, and asset positions across custodians and trading platforms
• Review, investigate, and resolve breaks, exceptions, and aged items in line with internal policies and FINRA/SEC requirements
• Oversee interest activity, corporate actions, and other cash‑related movements

Daily Customer Reserve Calculation (SEC Rule 15c3‑3)

• Oversee preparation, review, and validation of daily Customer Reserve Formula calculation for regulatory compliance
• Validate segregation requirements, debit/credit calculations, and proprietary balance treatments
• Partner with Treasury, Accounting, and Regulatory Reporting to ensure timely funding and release of Reserve Bank Accounts
• Ensure robust documentation, approvals, controls, and audit support for reserve processes
• Identify, escrow, and remediate discrepancies, system issues, or calculation variances

Accounting & Month‑End Close

• Review and approve journal entries, including cash reclassifications and interest accruals (daily/monthly)
• Perform monthly account certifications and balance sheet reconciliations
• Provide monthly and quarterly balance sheet and income statement variance analysis
• Support internal and external audit engagements

Governance, Controls & Compliance

• Maintain and enhance internal controls supporting cash, asset, and reserve operations
• Partner with Internal Audit, Compliance, and Risk during audits, examinations, and regulatory inquiries
• Ensure ongoing adherence to SEC, FINRA, and internal policy requirements
• Lead, mentor, and develop a team of reconciliation analysts and senior specialists
• Allocate resources to meet critical daily processing and regulatory deadlines
• Promote a culture of accuracy, accountability, risk awareness, and continuous improvement

Systems & Process Optimization

• Drive automation and operational efficiencies across reconciliation and reserve workflows
• Lead UAT efforts, system enhancements, data validation initiatives, and performance improvements
• Collaborate with Technology to perform root‑cause analysis and resolve system‑related issues

Reporting & Stakeholder Engagement

• Deliver daily, weekly, and monthly reconciliation and reserve reporting to senior leadership
• Escalate material reconciliation issues or reserve variances that pose financial or regulatory risk
• Support regulatory filings and financial reporting requirements

Desired Background

• Bachelor’s or Master’s degree in Finance, Accounting, Business, or a related discipline
• 8+ years of experience in finance, accounting, cash reconciliation, broker‑dealer operations, or financial controls
• Series 99 license (or ability to obtain within 120 days of hire)
• Expertise in SEC Rule 15c3‑3 and broker‑dealer regulatory requirements
• Demonstrated experience leading teams or managing senior‑level analysts
• Advanced Excel proficiency and experience with reconciliation platforms
• Experience with Oracle, BETA, Kyriba, or similar broker‑dealer systems preferred
• Prior ownership of Customer Reserve Calculations a plus
• CPA or other relevant professional certifications a plus
• Proven experience driving automation, process improvements, and operational scalability

Determining compensation for this role depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company's 401(k) retirement plan. The position is currently open. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.