VP of Finance

Phaxis; New York (NY); On-site; USD 100,000 - 170,000; Full time

Job summary

Phaxis in New York seeks a senior accounting professional to manage day-to-day accounting, close processes, and regulatory reporting for a broker-dealer environment.

You will oversee audits, treasury, payroll, and internal controls while collaborating with senior management to optimize financial operations and regulatory compliance.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field required; CPA preferred.
• 4+ years of progressive accounting experience.
• Broker-dealer, clearing firm, or financial services accounting experience strongly preferred.
• FINOP or broker-dealer regulatory accounting experience highly preferred.
• Series 27 is a plus; candidates must be willing to obtain the license if required.
• Experience with FOCUS reporting, net capital requirements, and broker-dealer controls is desirable.
• Advanced Excel skills and QuickBooks or similar platforms required; Dynamics GP a plus.

Responsibilities

• Manage day-to-day accounting activities including general ledger maintenance and reconciliations.
• Oversee monthly close process and prepare financial statements and reports.
• Prepare regulatory financial reporting, including FOCUS filings and net capital calculations.
• Monitor broker-dealer net capital compliance and financial position.
• Prepare weekly/monthly management reports on revenue, expenses, performance and trends.
• Develop forecasts, pro forma statements, and rolling revenue projections.
• Manage treasury activities: cash, wires, banking reconciliations.
• Support payroll processing, time/attendance, audits, tax reporting, and reconciliations.
• Oversee travel/entertainment expense reporting and accounting.
• Document and enhance accounting policies, procedures, controls.
• Coordinate financial audits and provide docs for tax filings and audits.
• Partner with senior management to resolve accounting issues and improve processes.
• Assist with banking relationships and other finance initiatives.

Skills

Analytical skills

Attention to detail

Organizational skills

Communication with leadership

Education

Bachelor's degree in Accounting/Finance

CPA preferred

Series 27 is a plus / willing to obtain

Tools

Excel

QuickBooks

Microsoft Dynamics GP

ADP Workforce Now

Job description

• Manage day-to-day accounting activities, including general ledger maintenance, accounts payable/receivable, expense allocations, reconciliations, and bookkeeping.
• Oversee the monthly close process and ensure timely and accurate preparation of financial statements and management reporting.
• Prepare and support regulatory financial reporting, including FOCUS filings and net capital calculations.
• Monitor the firm's financial position and ensure ongoing compliance with applicable broker-dealer net capital requirements.
• Prepare weekly and monthly management reports covering revenue, expenses, financial performance, projections, and key trends.
• Develop financial forecasts, pro forma statements, and rolling revenue projections to support business planning.
• Manage treasury activities, including cash management, wire requests, banking administration, and related reconciliations.
• Support payroll processing and administration, including employee setup, time and attendance, payroll audits, tax reporting, and reconciliations.
• Oversee travel and entertainment expense reporting and accounting.
• Develop, document, and enhance accounting policies, procedures, systems, and internal controls.
• Coordinate financial audits and provide supporting documentation for tax filings and annual audit requirements.
• Partner with senior management to identify and resolve accounting or broker-dealer financial issues and recommend process improvements.
• Assist with managing banking relationships and other finance-related initiatives as needed.

Key Responsibilities

• Manage day-to-day accounting activities, including general ledger maintenance, accounts payable/receivable, expense allocations, reconciliations, and bookkeeping.
• Oversee the monthly close process and ensure timely and accurate preparation of financial statements and management reporting.
• Prepare and support regulatory financial reporting, including FOCUS filings and net capital calculations.
• Monitor the firm's financial position and ensure ongoing compliance with applicable broker-dealer net capital requirements.
• Prepare weekly and monthly management reports covering revenue, expenses, financial performance, projections, and key trends.
• Develop financial forecasts, pro forma statements, and rolling revenue projections to support business planning.
• Manage treasury activities, including cash management, wire requests, banking administration, and related reconciliations.
• Support payroll processing and administration, including employee setup, time and attendance, payroll audits, tax reporting, and reconciliations.
• Oversee travel and entertainment expense reporting and accounting.
• Develop, document, and enhance accounting policies, procedures, systems, and internal controls.
• Coordinate financial audits and provide supporting documentation for tax filings and annual audit requirements.
• Partner with senior management to identify and resolve accounting or broker-dealer financial issues and recommend process improvements.
• Assist with managing banking relationships and other finance-related initiatives as needed.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field required; CPA preferred.
• 4+ years of progressive accounting experience.
• Broker-dealer, clearing firm, proprietary trading, or broader financial services accounting experience strongly preferred.
• FINOP or broker-dealer regulatory accounting experience highly preferred.
• Series 27 is a plus; candidates must be willing and able to obtain the license if required.
• Experience with FOCUS reporting, net capital requirements, and broker-dealer financial controls is highly desirable.
• Advanced Excel skills and experience with QuickBooks or comparable accounting platforms required.
• Experience with Microsoft Dynamics GP is a plus.
• ADP Workforce Now and prior payroll administration experience preferred.
• Strong understanding of financial reporting processes, accounting controls, and general ledger functions.
• Excellent analytical, organizational, and problem-solving skills with strong attention to detail.
• Ability to manage multiple priorities and communicate effectively with senior leadership and cross-functional business partners.