Financial Associate

Ethena LabsEthena Labs·Remote(Globally Remote)·Work From Anywhere
Finance

WFA Digital Insight

The rise of digital assets has created a surge in demand for professionals who can bridge the gap between traditional finance and the emerging world of cryptocurrencies. With the global financial system evolving rapidly, companies like Ethena Labs are at the forefront of this change. As a Financial Associate in this context, you'll be working with groundbreaking products that are redefining money in the internet era. Given the 25% growth in remote finance jobs over the past year, this role stands out for its unique blend of traditional accounting and digital asset management. To succeed, candidates will need a keen eye for detail, experience with financial accounting operations, and an interest in learning about blockchain technology. Before applying, consider how your skills align with the evolving landscape of digital finance and what you can bring to a company that's pushing the boundaries of financial innovation.

Job Description

About the Role

As a Financial Associate at Ethena Labs, you will be integral to the development of a robust, Web3-native accounting and control environment. This role is pivotal in ensuring the accurate capture, classification, and reconciliation of both fiat and on-chain financial activity across multiple entities and products. Ethena Labs is a pioneer in creating digital dollar products, aiming to upgrade money into the internet era, and as such, this position offers a unique opportunity to work at the intersection of traditional finance and emerging digital asset technologies.

The company's flagship product, USDe, and its institutional-focused counterpart, iUSDe, have shown remarkable growth, with USDe scaling from zero to

5b in just 18 months. Furthermore, the development of USDtb, a fiat-backed stablecoin in partnership with BlackRock, reaching a scale of ~$2b, demonstrates the company's commitment to innovation and its ability to collaborate with major financial institutions. This role will support the Finance Manager in scaling these operations, ensuring that the organization's financial management is as innovative as its products.

What You Will Do

  • Reliably record purchase, sales, intercompany, and treasury transactions across fiat and digital asset accounts, ensuring precise coding, VAT/tax treatment, and maintenance of robust supporting documentation.
  • Perform recurring reconciliations across bank accounts, custodians, exchanges, and on-chain wallets, investigating breaks and clearing unmatched items to improve reconciliation support files.
  • Execute supplier and treasury payments across fiat and digital asset rails, ensuring all payment runs follow strict approval workflows and are accurately recorded.
  • Support the link between Web3 accounting software and the general ledger, validating transaction completeness and investigating mismatches using blockchain explorers.
  • Assist with multi-entity consolidation by preparing entity-level schedules, intercompany reconciliations, and data packs for group reporting and regulatory requests.
  • Prepare transaction schedules for VAT and tax filings, working to reduce follow-up queries from local accountants and maintaining an 'audit-ready' trail of evidence.
  • Prepare and post accruals, prepayments, and depreciation entries to enhance the quality and consistency of the month-end close process.
  • Collaborate with the finance team to identify inefficiencies and suggest practical improvements to scaling workflows, especially in executing payment runs and monitoring balance movements.
  • Utilize knowledge of blockchain explorers (e.g., Etherscan) to verify transactions and support the financial control environment.

What We Are Looking For

  • Proven experience in a financial accounting role, preferably within a multi-entity or international environment, with responsibilities in IFRS and financial accounting operations.
  • Ability to execute recurring tasks with a sharp eye for detail and supporting documentation.
  • Mindset geared toward identifying inefficiencies and suggesting practical improvements to scaling workflows.
  • Knowledge of blockchain explorers to verify transactions and support financial control.
  • Experience with general ledger systems and the ability to bridge the gap between traditional accounting systems and crypto data sources.
  • Understanding of financial regulations and compliance requirements, particularly in relation to digital assets.
  • Strong analytical and problem-solving skills, with the ability to work independently and as part of a team.
  • Excellent communication skills, both written and verbal, to support audit readiness and internal/external reporting.
  • Ability to work in a fast-paced environment and adapt to changing priorities.

Nice to Have

  • Experience with Web3 accounting software and blockchain-based financial systems.
  • Knowledge of tax laws and regulations, especially as they pertain to digital assets.
  • Certification in accounting (e.g., CPA, ACCA) or a related field.
  • Experience working in a remotely distributed team, with strong self-motivation and discipline.

Benefits and Perks

  • The opportunity to work with a pioneer in the digital asset space, contributing to the development of groundbreaking financial products.
  • Competitive compensation package, reflecting the company's commitment to attracting and retaining top talent.
  • Health insurance and wellness programs, supporting the physical and mental well-being of employees.
  • Remote work stipend, acknowledging the importance of a comfortable and productive home working environment.
  • Generous PTO policy, ensuring that employees can rest and recharge.
  • Professional development opportunities, including training and education support to enhance skills in digital asset management and financial accounting.
  • Access to the latest technologies and tools, supporting innovation and efficiency in financial operations.
  • Collaborative and dynamic work environment, with a team that is passionate about shaping the future of finance.

How to Stand Out

  • Stay updated on blockchain technology: Having a basic understanding of how blockchain works and its applications in finance can significantly enhance your candidacy.
  • Highlight transferable skills: Even if you don't have direct experience with digital assets, emphasize any relevant skills you have in financial accounting, audit, or compliance.
  • Prepare to talk about scalability: Ethena Labs is growing rapidly, so be ready to discuss how you can contribute to scaling financial operations efficiently.
  • Showcase your analytical mindset: Demonstrate your ability to analyze complex financial data, identify issues, and propose solutions.
  • Be ready to learn: The digital asset landscape is constantly evolving, so show enthusiasm for learning and adapting to new technologies and regulations.
  • Discuss your experience with remote work tools: Given the global nature of the company, highlight any experience you have with collaboration tools and remote work environments.

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