Digital Asset Accountant
4 days ago
As a Digital Asset Accountant at Network Recruitment, you will be responsible for managing accounting for blockchain transactions, including cryptocurrencies, token-based assets, and smart contract activities. This involves preparing financial reports in compliance with IFRS or GAAP, incorporating digital assets and tokenized transactions. You will also conduct reconciliations of digital asset wallets, exchanges, and blockchain transactions, ensuring proper accounting treatment for cryptocurrency holdings, trades, and mining or staking rewards. Additionally, you will work with external auditors and consultants on audits related to digital assets, staying informed on the latest regulations affecting digital assets and ensuring compliance with tax and reporting requirements. Furthermore, you will monitor and report on the financial performance of DeFi protocols, NFTs, and other Web3 initiatives, and assist in implementing financial controls and processes to mitigate risk associated with digital asset transactions.
Qualifications & Skills:
To be successful in this role, you will need a Bachelors Degree in accounting, Finance, or a related field, with a CA(SA) or equivalent qualification being preferred. Experience in the Web3, blockchain, or cryptocurrency space is highly advantageous, as is a strong understanding of blockchain technology, digital assets, and decentralized finance (DeFi). You will also need proficiency with accounting software and crypto asset management tools, knowledge of IFRS or GAAP standards, including the accounting treatment of digital assets, and experience with wallet reconciliation, crypto exchange accounts, and understanding of smart contracts. Finally, you will need the ability to stay up to date with regulatory changes and emerging trends in the crypto industry, excellent problem-solving skills, and a strong attention to detail, as well as effective communication skills for collaborating with internal and external stakeholders.
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