Senior Accountant- Crypto Accounting - Nairobi - Black Pen Recruitment

Description

Crypto Accountant Job Description

Our client is the largest and first licensed on/off-ramp platform for stablecoins in Africa, dedicated to offering innovative solutions in the African stablecoins space.

Their mission is to make stablecoins accessible and understandable for everyone, providing customers with secure and user-friendly platforms for financial transactions.

Role Overview

The Crypto Accountant manages and oversees the financial aspects of cryptocurrency transactions, ensuring accurate tracking, reporting, and compliance with tax and regulatory requirements.

This role involves recording crypto-related activities, calculating gains and losses, as well as reconciling crypto transactions. The Crypto Accountant also provides guidance on risk management related to digital assets, ensuring that all crypto transactions are recorded in accordance with accounting standards and are transparent for auditing purposes.

Job Responsibilities:

• Financial Reporting & Analysis:
• Prepare accurate and timely financial reports related to cryptocurrency transactions, including balance sheets, income statements, and cash flow reports.
• Ensure compliance with accounting standards, tax regulations, and industry best practices in the crypto space.
• Track and report on crypto asset holdings, gains/losses, and other relevant financial metrics.
• Analyze financial data to identify trends, risks, and opportunities related to crypto holdings.
• Transaction Tracking & Reconciliation:
• Monitor and reconcile cryptocurrency transactions across various platforms (wallets, exchanges, DeFi platforms, etc.).
• Verify and maintain transaction records for digital assets, ensuring consistency and accuracy.
• Reconcile cryptocurrency transactions to traditional financial systems and bank accounts.
• Tax Compliance & Reporting:
• Prepare tax reports related to cryptocurrency transactions, ensuring compliance with local and international tax laws (e.g., IRS, HMRC).
• Collaborate with external tax advisors and auditors to ensure crypto tax obligations are met.
• Provide guidance on tax implications for transactions, portfolio rebalancing, staking rewards, and crypto-to-fiat conversions.
• Ledger Management:
• Maintain the general ledger for cryptocurrency holdings, including detailed records of all digital asset transactions.
• Implement and manage internal controls for tracking and recording crypto asset transactions.
• Audit & Internal Controls:
• Assist in the preparation for external audits, ensuring all crypto-related financial records are well-organized and compliant.
• Develop and maintain internal controls for crypto accounting to prevent errors and fraud.
• Blockchain & Cryptocurrency Knowledge:
• Stay up-to-date with evolving blockchain technologies, cryptocurrencies, and industry regulations.
• Analyze and assess new crypto projects, tokens, and emerging technologies for potential inclusion in the company's portfolio.
• Team Collaboration & Communication:
• Work closely with the finance and operations teams to ensure smooth integration of cryptocurrency transactions with traditional accounting systems.
• Provide training and support to internal teams regarding crypto accounting practices and policies.
• Other Duties:
• Participate in ad-hoc projects as required by the finance department.
• Assist with process improvements and the automation of crypto accounting procedures.