At Underdog, we make sports more fun.
Our thesis is simple: build the best products and well build the biggest company in the space, because theres so much more to be built for sports fans. Were just over five years in, and were one of the fastest-growing sports companies ever, most recently valued at $1.3B. And its still the early days.
Weve 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 isnt 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 thats you, come join us.
Winning as an Underdog is more fun.
This role is uniquely positioned at the intersection of accounting and regulatory operations, supporting the build-out of a newly formed FCM. It offers the opportunity to help shape core financial processes in a federally regulated environment while working closely with experienced leaders across finance, operations, and compliance.
What youll 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 firms residual interest in customer accounts
- Maintain and enhance the firms 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-B
Who you are
- You have 57+ years of progressive accounting experience, ideally including time within a CFTC-regulated FCM, SEC Broker-Dealer, or similarly regulated financial institution.
- You have an active CPA license (required).
- You have a solid understanding of CFTC financial rulesincluding net capital, segregation, and reporting requirementsand are eager to deepen your expertise.
- You have hands-on experience supporting or preparing regulatory financial filings, such as the Form 1-FR-FCM, SIDR, and segregation schedules.
- You hold a Bachelors degree or higher in Accounting or Finance.
- You have experience working with or improving financial control processes in a regulated environment (e.g., reconciliations, reporting workflows, documentation, controls).
- You have, or are able to pass, the Series 27 exam immediately upon hiring.
- You bring strong analytical skills, with the ability to interpret complex financial data, spot issues, and communicate insights clearly.
- You are detail-oriented, highly accurate in your work, and comfortable operating in a control-heavy environment.
- You are an effective communicator who can work cross-functionally and explain financial concepts to non-finance partners.
- You manage competing priorities well and thrive in fast-paced, evolving environments.
- You are proficient with Microsoft Excel and experienced with accounting ERP systems such as Sage, NetSuite, or Oracle.
Even better if you have
- Experience working within or supporting the launch of an FCM, including familiarity with the NFA membership application process.
- Prior exposure to FinOp-related functions or having supported a designated FinOp (without serving as one).
- A Series 27 license or interest in obtaining it to strengthen your regulatory accounting knowledge.
- Experience interacting with NFA, CFTC, or DSRO exam teams as part of audits, exams, or reviews.
- Experience working in a high-growth fintech or startup environment with evolving processes and controls.
Our target starting base salary range for this position is between $128,000 and $160,000, plus target equity. The starting base salary will depend on a number of factors including the candidates skills and experience, among other things.
What we can offer you:
- Unlimited PTO for full-time employees (we're extremely flexible with the exception of the first few weeks before & into the NFL season)
- 16 weeks of fully paid parental leave
- Home office stipend
- A connected virtual-first culture with a highly engaged distributed workforce
- 5% 401k match, FSA, company paid health, dental, vision plan options for employees and dependents
#LI-REMOTE
We're a remote-first company and value in-person connection. That said, we expect everyone to gather 2-3 times per year for team and company offsites, trainings, and more.
This position may require sports betting licensure based on certain state regulations.
Underdog is an equal opportunity employer and doesn't discriminate on the basis of creed, race, sexual orientation, gender, age, disability status, or any other defining characteristic.
California Applicants: Review our CPRA Privacy Notice here.
