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Accounting Manager, Regulatory Reporting (FCM)

Underdogfantasy
10 hours ago
Full-time
Remote
United States/Remote
Remote Accounting

At Underdog, we make sports more fun.

Our thesis is simple: build the best products and we’ll build the biggest company in the space, because there’s so much more to be built for sports fans. We’re just over five years in, and we’re one of the fastest-growing sports companies ever, most recently valued at $1.3B. And it’s still the early days.

We’ve built and scaled multiple games and products across fantasy sports, sports betting, and prediction markets, all united in one seamless, simple, easy to use, intuitive and fun app. 

Underdog isn’t for everyone. One of our core values is give a sh*t. The people who win here are the ones who care, push, and perform. If that’s you, come join us.

Winning as an Underdog is more fun.

This role sits at the intersection of accounting, treasury, and regulatory financial operations, supporting the build-out of a newly licensed Futures Commission Merchant (FCM). You will help design and scale financial infrastructure in a federally regulated environment, working closely with finance leadership, compliance, and operations.

We are seeking a strong regulatory accounting professional — ideally with experience in a CFTC-regulated FCM, SEC-registered broker-dealer, or similar regulated financial institution — who understands capital rules, customer protection frameworks, and financial regulatory reporting.

What You’ll Do

  • Lead FCM accounting operations, owning day-to-day execution while helping design and scale compliant financial processes as the business grows
  • Manage the month-end, quarter-end, and year-end close processes, including preparation and review of Form 1-FR-FCM filings and supporting schedules
  • Prepare and review daily Adjusted Net Capital calculations and customer fund segregation calculations in accordance with CFTC requirements
  • Manage Segregated Investment Detail Report (SIDR) preparation and support monitoring of the firm’s residual interest in customer accounts
  • Maintain and enhance the firm’s general ledger, sub-ledgers, and recordkeeping practices to meet regulatory record retention and audit standards
  • Support annual PCAOB-registered audits and participate in NFA audits and DSRO examinations, including coordinating audit requests and documentation
  • Oversee daily trade, position, and cash reconciliations, ensuring timely investigation and resolution of breaks
  • Partner with Finance leadership to document, implement, and continuously improve core accounting policies and procedures, including Capital and Segregation
  • Help design and maintain processes to support required tax reporting, including IRS Form 1099-M