Financial Accountant, Xapo
More information about location
Bitcoin banking service and savings account
Be an early applicant
Bitcoin banking service and savings account
101-200 employees
Be an early applicant
More information about location
101-200 employees
Company mission
Xapo Bank's mission is to empower its clients with the freedom to transact, earn interest and invest globally while simultaneously embracing the full potential of Bitcoin.
Role
Who you are
- Professional Qualification (Mandatory): You must hold a recognized professional accounting qualification such as ACCA, ACA, CIMA, or CPA
- Experience: 3–5 years in a corporate accounting or audit role. Experience within Fintech or a regulated financial institution is a significant plus
- Regulatory Reporting Experience (Mandatory): Direct experience in the preparation and submission of financial regulatory returns (such as Liquidity or Capital Adequacy). Familiarity with GFSC and UK regulatory frameworks is required
- Accounting Standards: Solid understanding of IFRS
- Technical Stack: Proficient in NetSuite and advanced Excel. You will also regularly use Google Suite, Confluence, Ansarada, Miro, and other specialized financial tools
- Communication: Clear, concise communication skills—essential for explaining financial variances to non-finance stakeholders
- Must have a dedicated workspace
- Must have a reliable internet connection with the fastest speed possible in your area
What the job involves
- Xapo Bank is seeking a mid-level Accountant to support our global financial operations
- Working within a fully distributed team of 6 in the Finance department, you will report directly to the Financial Controller
- You will be responsible for ensuring the accuracy of financial data, supporting the month-end close process, and assisting with regulatory and audit requirements in a pioneering crypto-banking environment
- While direct experience in crypto accounting is a significant advantage, it is not a dealbreaker for the right candidate with strong foundational skills
- Month-End Reporting: Own the preparation of lead schedules and reconciliations for key balance sheet accounts
- Journal Management: Prepare and post journals ranging from standard accruals to complex financial asset adjustments
- Daily Financial Operations: Manage the end-to-end lifecycle of corporate expenses and payables
- Intercompany & Multi-Entity Oversight: Reconcile intercompany transactions across various global entities
- Regulatory & Compliance Support: Collate data and prepare periodic returns for financial regulators, specifically focusing on Gibraltar (GFSC) and UK requirements
- Tax & Statutory Compliance Support: Prepare data for statutory tax requirements
- Audit Support: Act as a key point of contact during internal and external audits
- Balance Sheet Integrity: Perform regular reviews of intercompany accounts and equity movements
Our take
The invention of blockchain technology has given rise to many cryptocurrencies over the last decade, with tokens such as Bitcoin presenting promising investment potential. However, purchasing Bitcoin is usually associated with volatile trading as opposed to savings accounts, showing a gap in the market for long-term traditional investors.
Xapo provides a Bitcoin banking service and savings account, combining traditional banking infrastructure with blockchain technology to offer savings accounts with up to 2% annual interest. Access to the bank requires a membership application with the company focussing on high-volume investors, protecting every account with dedicated account managers and cutting-edge security whilst providing additional benefits such as payment cards and ATM withdrawals.
The company will undeniably face significant competition from cryptocurrency trading giants such as Binance and Coinbase. However, Xapo has taken a smart approach of combining Bitcoin investment with traditional banking, recognising that many people seek a more stable and long-term relationship with crypto. In 2023, it launched a Single Euro Payments Area (SEPA) payment feature and integration with the Faster Payments System, exemplifying the digital bank's firm rooting in the European financial market.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Jul 2014
$20m
SERIES B
Mar 2014
$20m
SERIES A
Total funding: $40m
Company benefits
- Shape the Future: Improve lives through cutting-edge technology, work 100% remotely from anywhere in the world
- Great work-life balance: Build amazing things with a balance of autonomy and collaborative teamwork. Set your own work schedule and make use of a flexible PTO plan when you need to recharge
- Expect Excellence: Collaborate, learn, and grow with a high-performance team. Learn how you learn best - from books to conferences, you’ll get a yearly budget for your individual learning and development goals
Company HQ
Gibraltar
Leadership
Seaumus Rocca
(CEO)Previously the Group Head of Funding and Liquidity Risk at Standard Chartered Bank, Equity Trading CFO at Macquarie Group and a Finanbce VP for Latin Markets at Credit Suisse.
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