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FinOps Principal

Company: Acorns Advisers, LLC
Location: Newport Beach
Posted on: April 4, 2021

Job Description:

At Acorns, we're building a financial wellness system that enables everyday Americans to save and invest every day. We are transforming the category and recruiting a team that is relentless at fulfilling our mission. The Acorns team comes together every day to deliver a revolutionary product to its customers, the up-and-coming. If you thrive in an environment where you can push yourself beyond all previous thresholds of possibility, come join us at Acorns. Acorns is seeking a licensed Series 27 Assistant Fina ncial & Operations Principal to maintain the books and records of the broker-dealer and investment advisor subsidiaries, ensure the accuracy of the financial statements, comply with applicable net capital rules, and make timely submission of all financial regulatory reports. This role will report directly to the Head of Accounting & Business Operations and work to develop and implement new processes to help address risks while allowing for scalability. This role has the option to be remote or based in our Irvine or New York offices. You are not expected to have experience with all listed requirements. If you feel passionately about Acorns' mission, vision and values, please apply. Within 1 month, you will:

  • Introduce yourself and become integrated with the Accounting team
  • Develop relationships with the Compliance, Invest Products and Invest Operations teams
  • Learn the current processes for performing all of the day-to-day record-keeping and regulatory reporting functions at the broker-dealer and advisor subsidiaries and maintain standard operating procedures documentation on all processes, inclusive of the design and implementation and operating effectiveness of controls.--
  • Understand the relationships between the Acorns corporate entities and how the broker-dealer and advisor entities interact with each other and the other entities
  • Become familiar with the history of Acorns regulatory and financial audit examinations Within 3 months, you will:
    • Maintain and verify the books and records derived from the accounting and customer databases
    • Manage the preparation and review all regulatory filings, ensuring accuracy of the information reported and timely filing by all deadlines
    • Assess all processes for best-practice improvements and continued regulatory compliance and implement adjustments to processes and procedures to strengthen identified areas of risk and control gaps as needed
    • Be responsible for performance or oversight of all day-to-day FinOp responsibilities Within 6 months, you will:
      • Act as subject matter expert on all Accounting, Financial and Operational processes and requirements for the broker-dealer, including providing training and guidance to the Accounting, Customer Support, Compliance, Engineering, Product and Operations teams for existing and new products as needed
      • Be able to design and implement processes and procedures to continue to make the department more efficient and scalable while maintaining compliance--
      • Be the primary point of contact with internal and external financial and regulatory auditors as it relates to the financial operations of the broker-dealer and investment adviser
      • Provide input on design, development and improvement of existing internal systems and responding to the challenges commensurate with the changing environment of financial compliance.
      • Assist in the further development and application of proprietary financial reporting and customer ledger software
      • Assist in the identification and development of new products and the infrastructure, policies and services to meet those needs
      • Complete special projects as needed and other duties assigned What you will bring to Acorns:
        • BS in Business, Accounting or Finance with an overall GPA of 3.0 or above
        • 5+ years of retail broker-dealer experience, working as or for a Series 27 licensed FinOP
        • Series 27 or 28 license required
        • Series 7 and 24 strongly preferred
        • Strong understanding and background with internal controls over compliance
        • Experience with large volumes of data and transactions preferred
        • Excellent written and oral communications skills
        • Ability to problem solve and provide solutions
        • Self-starter with ability to work independently, but unafraid to ask questions
        • High degree of accuracy and attention to detail
        • Driven to learn fast, be creative, and win as a team
        • Ability to handle confidential information in a discreet, professional manner
        • Proficiency with Microsoft Office applications
        • Exceptional drive and precision in delivery
        • A belief that your work is tied to your life's mission
        • Optimistic about the potential of societal change What we offer:--
          • Competitive salary and stock options
          • A comprehensive benefits package to meet the needs of you and your family
          • Flexible paid time off
          • Numerous career possibilities that allow you to grow with Acorns
          • Talented and motivated team members who care deeply about one another, our mission and our customers.
          • The rare opportunity to create a new world. We inspire one another every day to do meaningful work that solves big societal challenges. About Acorns: Acorns is the leading micro-investing app in the U.S. It allows users to round up their daily purchases and automatically Invest the Change-- into a low-cost, diversified portfolio of exchange-traded funds offered by some of the world's top asset managers (including Vanguard and BlackRock). Founded in Newport Beach, Calif., by father and son team Walter and Jeff Cruttenden, Acorns provides a simple entry-point using the Acorns app on iPhone or Android. Customers accumulate fractional shares in one of five portfolios constructed by world-renowned Nobel Laureate economist Dr. Harry Markowitz. Acorns' smart portfolio algorithms automatically work in the background of life, helping users build wealth naturally, pennies at a time. From Acorns mighty oaks do grow. Mission: With benevolence and courage, we look after the financial best interests of the up-and-coming; beginning with the empowering step of micro-investing. Commitment to Diversity, Equity & Inclusion: Acorns believes diversity, equity and inclusion are fundamental obligations that strengthen our team. We need a diverse, multi-disciplinary team to build a meaningful company and culture.-- Will you now or in the future require sponsorship for employment visa status? --*
            Why do you want to work for Acorns?
            U.S. Equal Opportunity Employment Information (Completion is voluntary) Individuals seeking employment at Acorns are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, or sexual orientation. You are being given the opportunity to provide the following information in order to help us comply with federal and state Equal Employment Opportunity/Affirmative Action record keeping, reporting, and other legal requirements. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file. Gender Please select Are you Hispanic/Latino? Please select Race & Ethnicity Definitions If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows: A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability. A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service. An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense. An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985. Veteran Status Please select Form CC-305 OMB Control Number 1250-0005 Expires 05/31/2023 Voluntary Self-Identification of DisabilityWhy are you being asked to complete this form? We are a federal contractor or subcontractor required by law to provide equal employment opportunity to qualified people with disabilities. We are also required to measure our progress toward having at least 7% of our workforce be individuals with disabilities. To do this, we must ask applicants and employees if they have a disability or have ever had a disability. Because a person may become disabled at any time, we ask all of our employees to update their information at least every five years. Identifying yourself as an individual with a disability is voluntary, and we hope that you will choose to do so. Your answer will be maintained confidentially and not be seen by selecting officials or anyone else involved in making personnel decisions. Completing the form will not negatively impact you in any way, regardless of whether you have self-identified in the past. For more information about this form or the equal employment obligations of federal contractors under Section 503 of the Rehabilitation Act, visit the U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp . How do you know if you have a disability? You are considered to have a disability if you have a physical or mental impairment or medical condition that substantially limits a major life activity, or if you have a history or record of such an impairment or medical condition. Disabilities include, but are not limited to:
            • Autism
            • Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, or HIV/AIDS
            • Blind or low vision
            • Cancer
            • Cardiovascular or heart disease
            • Celiac disease
            • Cerebral palsy
            • Deaf or hard of hearing
            • Depression or anxiety
            • Diabetes
            • Epilepsy
            • Gastrointestinal disorders, for example, Crohn's Disease, or irritable bowel syndrome
            • Intellectual disability
            • Missing limbs or partially missing limbs
            • Nervous system condition for example, migraine headaches, Parkinson's disease, or Multiple sclerosis (MS)
            • Psychiatric condition, for example, bipolar disorder, schizophrenia, PTSD, or major depression Disability Status Please select 1 Section 503 of the Rehabilitation Act of 1973, as amended. For more information about this form or the equal employment obligations of Federal contractors, visit the U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp . PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.

Keywords: Acorns Advisers, LLC, Newport Beach , FinOps Principal, Accounting, Auditing , Newport Beach, California

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