AVP, Legal Entity Controller

4 days left

Cantor Fitzgerald
New York, New York
Apr 03, 2024
Apr 18, 2024
Work Mode
Full Time
Employment Type
Organization Type
Job Title: AVP, Legal Entity Controller

Location: New York, NY

Firm Overview:

Cantor Fitzgerald L.P., with over 12,000 employees, has been a leading global financial services firm at the forefront of financial and technological innovation since 1945. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting, PIPE placements, commercial real estate, and for its global distribution platform. Capitalizing on the firm's financial acumen and technology prowess, Cantor's portfolio of businesses also includes Prime Brokerage, Asset Management, and other businesses and ventures. For 79 years, Cantor has consistently fueled the growth of original ideas, pioneered new markets, and provided superior service to clients. Cantor operates trading desks in every major financial center globally, with offices in over 30 locations around the world. As one of the few remaining private partnerships on Wall Street, Cantor has the distinct ability to focus on long-term value creation and solid relationship building. Our structure allows us to respond quickly to client needs, develop solutions that address complex challenges, avoid the limitations of bureaucracy, and attract talented individuals who are driven to succeed.

Legal Entity Controller is an integral member of the finance team, reporting directly to the Financial Controller, and participating in the accounting and finance processes and controls over internal and external financial reporting, regulatory reporting, operations, and product control.

  • Provide legal entity controller and financial support for Cantor entities under US GAAP;
  • Liaise with SEC reporting, Corporate Accounting, Regulatory Reporting, Product Control, Tax, Technical Accounting, Treasury, and Cash Management in order to ensure proper accounting;
  • Spearhead and provide financial and advisory support for new and existing transactions and entity structure changes impacting the firm;
  • Responsible for month/quarter-end close process of journal entries associated with investing activities, financing activities, consolidation of subsidiaries, expense accruals, intercompany activities and income taxes.
  • Responsible for Lease related inquiries, related disclosures, journal entry bookings, and monitoring of controls;
  • Prepare quarterly broker-dealer and holding company financial statements for external financial reporting in compliance with U.S. GAAP;
  • Perform the monthly balance sheet substantiation, evaluate the adequacy of expense accruals, resolve issues, and escalate key items to management timely;
  • Assist with internal and external audit inquiries;
  • Prepare monthly and quarterly analytical reporting including commentary on balance sheet and P&L variances;
  • Initiate process reengineering, improve efficiency, building controls and work with IT on improving systems;
  • Ad hoc projects by supporting team, department, and business managers on various special projects
  • 3-5 years of related experience in the financial accounting group of a financial services company
  • Big Four public accounting firm experience preferable
  • Technical knowledge of accounting and financial reporting
  • Oracle, ESSBASE, HFM experience preferable
  • Advanced analytical and Excel capabilities, project management skills, and ability to multitask
Educational Qualifications:
  • Bachelor's degree in Accounting is required
  • CPA is required
Hybrid Working - We are currently operating a hybrid model for our shared services employees (including this role). We anticipate continuing these arrangements for the foreseeable future with periodic review. Hybrid for Cantor Fitzgerald & its affiliates across the working week, means three days office based and two days remote.

Salary: $110,000 - $120,000

The expected base salary for this position ranges from $110,000 to $120,000. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).