ABOUT PAXOS

Paxos is a financial technology company delivering pioneering blockchain solutions for global financial institutions. Its flagship service is BankchainTM, a next-generation blockchain settlement platform that is transforming post-trade across capital markets. Paxos’ management team is led by CEO and Co-Founder Charles Cascarilla and its board of directors includes former FDIC chair Sheila Bair, former Senator Bill Bradley, former chair of the Financial Accounting Standards Board Robert Herz, former chairman, president & CEO of Lotus Development Corporation Jim Manzi and former NYSE CEO Duncan Niederauer.

We are looking for an Assistant Controller  to join a rapidly growing tech startup finance organization who will help position the company and team for success through developing and implementing processes that will scale.  The role will have a high degree of impact across the organization by helping the businesses make accurate real time decisions.

We pride ourselves on a very high hiring bar which is why instead of a standard job description, we think of our roles first and foremost in terms of the outcomes they are meant to achieve. So we have developed what we call a ‘Success Profile’ for this role, which has two sections. We hope you will enjoy reading this as much as we enjoyed writing it.

• Outcomes: Outcomes are meaningful and measurable work products that have a significant impact on the team and the business over a defined timeframe.
• How to Achieve Outcomes: We also have a strong point of view on how someone in that role could succeed in achieving those outcomes and, eventually, at Paxos. So we have taken the Operating System of Paxos - our values - and made it relevant to this role.

Outcomes

• Build a scalable ledger entry process that streamlines intercompany transactions globally.  Success is measured by improving the monthly close timeline.
• Support the implementation of a new accounting system that will bring consolidation capabilities globally on one platform. Success will be measured by business leaders accessing information in real time.
• Assess, develop and implement the appropriate controls and processes for the financial close that will provide visibility into the state of the business. Success will be measured by decreasing the amount of manual interventions.

How to achieve the Outcomes

Technical Acumen Required:

• Deep understanding of accounting and tax through journal entries and how each posting impacts the financial statements
• Manage and articulate general ledger bookings with ability to identify differences between international and U.S. GAAP treatments
• Ability to absorb large amounts of data and summarize and articulate key points using advanced excel skills and financial modeling

Shared Commitment to Excellence:

• Challenge existing processes such as tax treatments and never take a view of "that is how it was done previously"
• Dive deep and insist on rigor of analysis on things such as the legal entity bookings even when it’s inconvenient to other team members and stakeholders.
• Develop a track-record and reputation of being unwilling to accept surface level answers as it relates to all historical financial statements

Search for the Truth:

• Be able to independently research how things were done in the past and challenge if treatment is accurate through researching areas you may be unfamiliar with (such as regulatory call report submissions). This research should lead you to form opinions or points of view that can be used to propose key changes to the booking or treatment
• Being able to independently reassess tax filings (1099) to contractors and board members
• Build deep relationship with business and support functions that will streamline cross department deliverables

Real-time Candor:

• Ability to build a trust with employees and directors at all levels by being able to clearly articulate timelines and managing to them independently, but also by providing real time updates where they will not be met
• Ability to disagree with team members without destroying the trust you have built with them. Do this by consistently articulating POVs or disagreements based on outcomes and with data points (qualitative or quantitative)

Be an Owner:

• Independently drive decisions that will move the team closer to achieving milestones. Do this by avoiding the need for a lot of back and forth on the different data and information needed to make decisions.
• Anticipate obstacles early and propose solutions to overcome blocking items for the business.
• Ability to manage an outcome where inputs are not fully controlled

Paxos is an equal opportunity employer. It does not discriminate on the basis of sex, age, color, race, religion, marital status, national origin, ancestry, sexual orientation, physical and mental disability, medical condition, genetic information, veteran status or any other basis protected by federal, state or local law.