Financial and Operations Principal (FINOP)

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

If the following job requirements and experience match your skills, please ensure you apply promptly.
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:o Oversee daily SEC Rule 15c3-3 reserve formula calculations and monitor the segregation of customer funds and securities.o 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.o Responsible for reporting to parent of financials in a timely mannero Prepare consolidating financial statements for separate LLCsOversee daily financial operations including Accounts Payable and Account Receivables.o Approve payment to vendorsAUM, 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:o SEC ruleso FINRA regulationso GAAP accounting standardsNative 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-dealersKnowledge of securities operations, trading, and customer protection rulesExperience managing FINRA, SEC, or state regulatory examinationsExperience with SAS reporting preferred.
We are an equal opportunity employer. xzbcwsv We celebrate diversity and are committed to creating an inclusive environment for all employees and associates.