Financial and Operations Principal (FINOP)

Creand Wealth Management (Beta Capital); Miami (FL); On-site; USD 120,000 - 180,000; Full time

Job summary

Creand Wealth Management is seeking an experienced FINOP to join our Miami office (Brickell) and oversee financial and operational compliance for our broker-dealer. The FINOP will be the designated financial principal responsible for financial reporting, net capital, books/records, regulatory filings, and internal controls.

The role requires Series 27/28, GAAP knowledge, and experience with SEC/FINRA regulations, plus bilingual Spanish fluency.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business or related field or equivalent broker-dealer/registered investment advisory experience.
• Active Series 27 and/or Series 28 required; Series 24 preferred.
• 5+ years of brokerage accounting, financial control, or regulatory compliance within a self-clearing or carrying broker-dealer.
• Proficiency with Microsoft Excel and related financial tools.
• Fluent in Spanish for bilingual communications.
• Strong knowledge of FINRA regulations and GAAP accounting standards.

Responsibilities

• Prepare and file FOCUS reports and other Capital and Customer Reserve Formula quarterly filings (Form Custody, SSOI, OBS).
• Oversee daily SEC Rule 15c3-3 reserve formula calculations and custody of customer funds/securities.
• Monitor liquidity constraints and regulatory net capital requirements.
• Ensure proper custody controls and asset possession for regulatory compliance.
• Manage clearing operations, suspense accounts, reconciliations and liquidity workflows.
• Oversee general ledger including payroll and tax filings; manage accounts payable/receivable.
• Coordinate with internal/external auditors and regulatory examiners (FINRA/SEC).
• Prepare annual financial statements and notes; report financials to parent and consolidate LLCs.

Skills

Regulatory reporting

Net capital calculations

GAAP knowledge

Excel proficiency

Attention to detail

Spanish language

Education

Bachelor’s degree in Accounting/Finance

Tools

SAS reporting

Microsoft Excel

Regulatory software

Job description

Creand Wealth Management is looking for an experienced FINOP to join the team at our Miami office (Brickell) and help drive our continued growth.

Creand (Beta Capital) Wealth Management was founded in 1995 in Miami as broker dealer and investment advisory firm specializing in providing investment advice and trade execution services to individual and institutional investors. Creand (Beta Capital) is part of Crèdit Andorrà Financial Group, Andorra’s largest financial group, with international presence in Spain, Luxembourg, Mexico, Panama and the USA.

The Financial and Operations Principal (FINOP) will be responsible for overseeing the financial and operational compliance of a broker-dealer in accordance with SEC, FINRA, and SIPC regulations. The FINOP serves as the firm’s designated financial principal and is accountable for financial reporting, net capital compliance, books and records, regulatory filings, and operational controls. FINRA generally requires broker-dealers to designate a qualified FINOP registered through the appropriate licensing process.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Regulatory Reporting: Prepare and file FOCUS (Part II) (Financial & Operational Combined Uniform Single) reports and other Capital and Customer Reserve Formula and Supplemental FOCUS quarterly reports (Form Custody, SSOI, OBS)
• Net Capital Compliance:
• Oversee daily SEC Rule 15c3-3 reserve formula calculations and monitor the segregation of customer funds and securities.
• Monitoring liquidity constraints and regulatory net capital requirements matching SEC or FINRA oversight criteria.
• Good Control location of Assets: to satisfy possession and control requirements.
• Clearing & Operations: Handle clearing operations, suspense account management, account reconciliations and liquidity workflows.
• Financial Management: Oversee general ledger accounting including payroll and tax filings.
• Cash Management: Monitor daily cash flow, bank reconciliations and reserve bank account requirements.
• Audit Management: Act as the primary contact for internal and external auditors, as well as regulatory examiners from FINRA and SEC.
• Prepare Annual Financial Statements and Notes.
• Responsible for reporting to parent of financials in a timely manner
• Prepare consolidating financial statements for separate LLCs
• Oversee daily financial operations including Accounts Payable and Accounts Receivables.
• Approve payment to vendors
• AUM, performance fee billing.

QUALIFICATIONS:

• Bachelor’s degree in Accounting, Finance, Business or related field or the equivalent in Broker-Dealer and Registered Investment Advisory experience.
• Must have active Series 27 and/or series 28.
• A Series 24 is preferred.
• 5+ years of brokerage accounting, financial control, or regulatory compliance within a self-clearing or carrying broker-dealer.
• Proficiency in technical applications needed for carrying out the duties and responsibilities of the position, such as Microsoft Excel.
• Strong knowledge of:
• FINRA regulations
• GAAP accounting standards
• Native or fluent in Spanish.
• Excellent written and verbal communication skills.
• Must be very organized and able to handle multiple competing priorities and complete projects on time.
• Ability to work effectively in a stress-related environment with ability to work in a team environment.
• Exceptional problem-solving, decision-making, and analytical skills.
• Ability to handle confidential information and matters with high discretion.
• Must be flexible in working after hours during month-end closing.
• Experience with introducing and/or clearing broker-dealers
• Knowledge of securities operations, trading, and customer protection rules
• Experience managing FINRA, SEC, or state regulatory examinations
• Experience with SAS reporting preferred.

We are an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and associates