Product Accountant - Digital Assets

Business and Financial Operations

New York, NY

Job Overview:

Cowen Inc. is looking to hire a Product Account to join Cowen’s newly formed Digital Asset Accounting division in New York City (WFH) reporting to the Finance Digital Asset Group. 

The successful candidate will be responsible for assisting with the compilation, full oversight, and review of books and records for the Company’s new digital asset trading business. They will also assist in providing audit coordination when required.

Specific responsibilities will include, but are not limited to:  

  • Liaise with Operations and Middle Office to ensure our back-office settlement system is in line with books and records. Diagnose and problem solve where issues arise. Solve up-stream challenges to alleviate the burden on month end close.
  •  Preparation, analysis and proper documentation of the daily and monthly reporting requirements in accordance with US GAAP. Work closely with our technical accountant to stay up to date with US GAAP guidance on digital trading activities (recordkeeping, disclosure, presentation)
  • Review custodian activity on a daily/monthly basis and perform all duties necessary to ensure complete and accurate close
  • Extract data from various trading subledgers, book journal entries and ensure that the general ledger activity is accurate and complete.
  • Help spearhead our Money Transmitter Licensing (MTL) process. Assist with the design of the accounting framework for each state Cowen engages in digital. Help produce necessary internal and external reporting required by state.
  • Work hand in hand with our Valuation Team to ensure accuracy of firm inventory, impairment testing and our realized / unrealized activity.
  • Build out our daily/monthly/quarterly reporting packages. Engage with the Front Office and build the necessary metrics and analytics to enhance trader decision making.
  • Assisting with audit requests including preparation of reconciliations, organizing documents and responding to inquiries if/when an audit is required.
  • Build and maintain strong internal controls and keep process documentation up to date
  • Analyze financial information with a key focus on control and compliance while addressing new requirements.
  • Assist the Finance Digital Asset Group with the build out of Accounting Policy, Risk Control Matrixes and Operational flow documentation
  • Performing special crypto projects and ad hoc reporting as required  

Qualifications: 

  • Bachelor’s Degree in Accounting (Masters a plus)
  • 5-7 years post-undergraduate experience
  • Preferred exposure with a custodial broker-dealer
  • Organized, detail oriented and self-motivated individual with strong analytical skills
  • Good understanding of accounting principles and GAAP
  • Highly proficient with Microsoft Excel
  • Ability to work within deadlines while still providing a high-quality work product
  • CPA or CPA candidate a plus 

As part of its hiring process, Cowen verifies identity and eligibility to work in the United States as required by law. At this time, Cowen Group will not sponsor a new applicant for an employment visa for this position.  

 Who We Are:

Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide.

At Cowen, inclusion and diversity are catalysts for success and innovation in everything we do. We pride ourselves on our empathetic and collaborative culture, where the power of diversity is harnessed to transform the status quo. Our focus on inclusion expands our thinking in order to generate better outcomes for clients, while striving to increase fairness and equity for our colleagues. Cowen’s vision of creating a more inclusive and equitable future is supported by our core values and is essential to our ability to outperform.

Our Values:

  • Vision: We consistently deliver differentiated and disruptive insights that help our clients outperform
  • Empathy:  We proactively consider and account for the priorities and concerns of our colleagues and clients
  • Sustainability: We endeavor to produce ideas and solutions that are ethically grounded and aim to pass the test of time
  • Tenacious Teamwork: We elevate collaboration to new levels, empowering our ability to provide the best solutions for our clients.

Learn more at: https://www.cowen.com/ and https://www.linkedin.com/company/cowen-inc/

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Protect Yourself from Recruitment Fraud. Recruitment fraud can be attempted through fake job postings, fake websites (posing as a Company) or unauthorized individuals impersonating recruiters (even using employee names). Depending on the role, Cowen will ask candidates to complete 2-4 interviews with Cowen employees before receiving an offer for employment. All communication regarding the interview process will come from an @cowen.com or @greenhouse.io email address. At no time throughout the hiring process will a Cowen recruiter or Human Resource Professional request any type of payment in order to be considered for the role. In addition, candidates will not be asked to submit personal information as a pre-requisite for the interview process.