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Manager, Derivatives Accounting

Gemini
Miami, United States
New York, United States
+1 more
Full time
$112,000 - $160,000 per year
Hybrid

Overview

Department

Accounting & Finance

Job type

Full time

Compensation

$112,000 - $160,000 per year

Location

Miami, United States

Company size

Scale Up [ 11<50 employees ]

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Gemini seeks a Manager, Derivatives Accounting to oversee accounting for derivative instruments and establish scalable accounting infrastructure. This role requires in-person presence twice a week in either Seattle, WA, New York City, NY, or Miami, FL.

Requirements

  • An undergraduate or graduate degree in accounting, finance or related field.
  • 5+ years of experience in financial reporting and accounting for derivatives, ideally at a global bank, exchange, hedge fund, financial institution, or crypto trading platform.
  • Strong knowledge of U.S. GAAP, particularly ASC 815 (Derivatives and Hedging) and ASC 820 (Fair Value).
  • CPA (or equivalent license) and/or CFA.
  • Passion for the crypto industry with a strong interest in derivatives and accounting.
  • Experience with OTC derivative products, including options.
  • Willingness and commitment to learn and go deep.
  • Experience managing numerous competing deliverables.
  • Ability to learn quickly in a fast-paced and changing financial environment with the demonstrated capacity for excellent judgment and communication skills.
  • Outstanding interpersonal skills and relationship building abilities.
  • Objectives-driven and able to work with ambiguity and align with team members globally with the flexibility to connect at what could be off-hours locally.
  • Hard-working, disciplined, detail-oriented, and able to motivate teams.

    • Responsibilities

  • Serve as the go-to expert on derivative accounting within Gemini, ensuring proper scoping and application of derivatives accounting standards across the organization. Recruit, retain, and develop a world-class team.
  • Liaise closely with trading, risk, finance, and legal teams to ensure clear grasp of activities and appropriate recognition.
  • Oversee the end-to-end accounting for all derivative instruments including options, futures, perpetual swaps, and other OTC contracts and assist in establishing scalable accounting infrastructure for these products in a fast-evolving environment.
  • Lead month-end valuation of derivative instruments using appropriate pricing models and market inputs, working with internal trading, risk and technical accounting teams to validate the valuation models and inputs.
  • Prepare and review journal entries, reconciliations, and disclosures related to derivatives.
  • Assist with preparation of financial statements, footnotes, and management reporting packages related to derivatives and the OTC business.
  • Design and maintain robust internal controls frameworks around derivative recognition, measurement, and disclosures in line with SOX requirements.
  • Partner with treasury, trading, risk and FP&A to understand new derivative instruments and their accounting implications.
  • Coordinate with external auditors and provide supporting documentation during audits.
  • Identify and implement process improvements to enhance the efficiency and accuracy of derivative accounting and reporting.
  • Collaborate with internal and external technology and operations teams to automate reporting and valuation tools.
  • Support regulatory reporting as needed, including any derivative-related disclosures to regulators or other relevant bodies.
  • Collaborate with group accounting on the preparation and review of technical accounting memos and whitepapers for significant transactions.

    • Benefits

  • Competitive starting salary
  • A discretionary annual bonus
  • Long-term incentive in the form of a new hire equity grant
  • Comprehensive health plans
  • 401K with company matching
  • Paid Parental Leave
  • Flexible time off
    • Company
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