Alpaca
Clearing Operations Associate - Reconciliations and Generalist
Job Summary
The Reconciliations Specialist at Alpaca is responsible for managing the end-to-end reconciliation processes across various accounts, verifying accuracy and resolving discrepancies. The role requires strong expertise in Excel, Google Sheets, and SQL to ensure precise financial recordkeeping and support automation initiatives. Candidates should have 2–5 years of experience in financial operations, familiarity with reconciliation procedures, and excellent attention to detail. The position involves collaborating with internal teams and external partners, supporting audits, and contributing to process improvements within a fast-paced fintech environment.
Required Skills
Benefits
Job Description
Who We Are:
Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, crypto, fixed income, 24/5 trading, and more. Our recent Series C funding round brought our total investment to over $170 million, fueling our ambitious vision.
Amongst our subsidiaries, Alpaca is a licensed financial services company, serving hundreds of financial institutions across 40 countries with our institutional-grade APIs. This includes broker-dealers, investment advisors, wealth managers, hedge funds, and crypto exchanges, totalling over 6 million brokerage accounts.
Our global team is a diverse group of experienced engineers, traders, and brokerage professionals who are working to achieve our mission of opening financial services to everyone on the planet. We're deeply committed to open-source contributions and fostering a vibrant community, continuously enhancing our award-winning, developer-friendly API and the robust infrastructure behind it.
Alpaca is proudly backed by top-tier global investors, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.
Our Team Members:
We're a dynamic team of 230+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!
We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.
Your Role:
Our Clearing Operations team at Alpaca is seeking a Reconciliations Specialist to lead the end-to-end process of reconciling the firm’s back office accounts—including suspense, wash, bank, custodian and other proprietary accounts. In this role, you will be responsible for preparing, reviewing, resolving exceptions, and ensuring timely follow-up across all reconciliation activities. You’ll work extensively in Excel or Google Sheets to verify that the firm’s books and records are accurate, complete, and in balance at all times.
Things You Get To Do:
- Own daily, weekly, and monthly reconciliations across suspense, wash, bank, and proprietary accounts.
- Investigate and resolve breaks with urgency and accuracy, collaborating across internal teams and external partners.
- Reconcile firm books and records against clearing systems, custodian records, bank feeds, and external files to ensure zero-dollar variances.
- Drive the cleanup and aging analysis of historical reconciliation items, ensuring root-cause resolution and documentation.
- Partner with engineering and product teams to improve reconciliation tools, reporting, and workflow automation.
- Maintain and enhance reconciliation policies, procedures, and controls as the business scales.
- Support audit, regulatory, and operational due diligence requests related to firm balances and reconciliation controls.
Who You Are (Must-Haves):
- 2–5 years of experience in financial operations, preferably in a broker-dealer, clearing firm, or fintech environment.
- Deep understanding of reconciliation processes, with hands-on experience in bank, custodian, suspense, and internal accounts.
- Expert-level Excel or Google Sheets skills, including pivots, lookups, and complex formulas.
- Strong SQL background with ability to inner/left/right join tables to build SQL based reconciliations with unique tables.
- Strong attention to detail and a relentless focus on getting to zero breaks.
- Comfortable navigating ambiguity and solving problems proactively.
- Clear communicator with the ability to summarize findings for technical and non-technical stakeholders.
- Able to prioritize and own multiple deliverables in a fast-paced, high-growth environment.
- Possess a FINRA SIE or within first 180 days of employment
- Must be able to follow company tenets of:
- Stay Curious
- Have Empathy
- Be Accountable
Who You Might Be (Nice-to-Haves):
- FINRA Series 7
- Bachelor’s degree in Computer Science, Finance, Data Analytics, or a related field.
- Experience writing and optimizing SQL queries to support reconciliation and exception reporting.
- Expert with data visualization tools such as Power BI, Tableau, or Looker for tracking and presenting reconciliation metrics.
- Prior exposure to reconciliation or exception management tools (e.g., SmartStream TLM, Duco, FIS IntelliMatch).
- Knowledge of broker-dealer operations, clearing, or custody workflows.
- Experience working with APIs or flat-file data sources to automate reconciliation tasks.
- Comfort working in a startup or fast-paced fintech environment where priorities shift quickly.
How We Take Care of You:
- Competitive Salary & Stock Options
- Health Benefits
- New Hire Home-Office Setup: One-time USD $500
- Monthly Stipend: USD $150 per month via a Brex Card
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.
Alpaca
Alpaca's easy to use APIs allow developers and businesses to trade algorithms, build apps and embed investing into their services.
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