Full-Time

Assistant Financial and Operations Principal

Posted on 2/22/2025

Betterment

Betterment

501-1,000 employees

E-commerce platform for branded lifestyle products

Consumer Software
Consumer Goods

Compensation Overview

$145k - $170kAnnually

+ Equity Package + Incentive Bonus

Mid, Senior

New York, NY, USA

This is a hybrid position requiring in-office attendance Tuesday through Thursday, weekly.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking

You match the following Betterment's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s degree in Accounting, Finance, or similar field
  • Active Certified Public Accountant (CPA) designation
  • Minimum of 3-5 years of related work experience
  • FINRA FinOp designation (Series 27) or ability to rapidly obtain
  • Strong experience with financial reporting and compliance
  • Ability to work independently and manage multiple priorities in a fast-paced environment
  • Exceptional communication skills, both written and verbal
Responsibilities
  • Work with the FINOP to prepare and file weekly, monthly, and annual reporting, such as Reserve Calculations, Net Capital Computations, and year-end financial packages
  • Complete and oversee daily reconciliations, investigating and resolving any breaks
  • Monitor firm liquidity and all transactional processes including money movements and securities processing
  • Enhance, implement, and execute against additional controls related to broker dealer compliance
  • Act as main counterpoint with auditors for our annual broker-dealer reviews
Desired Qualifications
  • Experience with accounting software such as QuickBooks, NetSuite, or similar
  • Experience working in FinTech, startups, or high-growth companies
  • Experience working with auditors and/or regulators

Betterment operates an online retail platform that specializes in selling branded apparel, accessories, and gifts. The company designs a variety of products, including t-shirts, hoodies, onesies, beanies, mugs, and tote bags, all aimed at promoting a positive lifestyle and happiness. Customers can purchase these items directly from Betterment's website, where products are listed at regular and sale prices, making them accessible to a wide audience. Unlike many competitors, Betterment focuses on creating a unique brand identity that resonates with individuals who appreciate lifestyle-oriented merchandise. The goal of Betterment is to attract a diverse clientele and encourage a pursuit of happiness through its products.

Company Size

501-1,000

Company Stage

Series F

Total Funding

$325.9M

Headquarters

New York City, New York

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • Betterment's new Bitcoin and Ethereum portfolio taps into the growing crypto market.
  • The launch of Betterment at Work's 401(k) match boosts appeal to small businesses.
  • Increased demand for ESG portfolios presents growth opportunities for Betterment.

What critics are saying

  • Higher fees in the new Premium plan may deter cost-sensitive customers.
  • Closure of the Philadelphia office may signal financial or strategic challenges.
  • Exposure to volatile cryptocurrency markets could lead to potential investor losses.

What makes Betterment unique

  • Betterment offers a unique Tax Loss Harvesting program to offset taxes on gains.
  • RetireGuide provides personalized financial goal assessments through online surveys.
  • Betterment's 0.25% management fee is competitive in the robo-advisor market.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Unlimited Paid Time Off

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
Arena Investor
Aug 29th, 2024
Announcement: Arena Investor Partners with Betterment

Announcement: Arena Investor partners with Betterment.

The College Investor
Apr 26th, 2024
Betterment Raises Fees For New Premium Investors

New Fee Structure: Betterment has introduced a new Premium plan with a 0.65% AUM management fee.

Plan Adviser
Jan 25th, 2024
Product & Service Launches - 1/25/24

Financial benefits provider Betterment at Work has launched a platform for small businesses to provide employees with a student loan 401(k) company match if they're using Betterment's 401(k) services.

Financial Planning
Dec 12th, 2023
JPMorgan shuttering robo-advisor citing low profits

The year began on a low note for the robo-advice industry when Betterment, the nation's largest independent robo-advisor, announced that it would lay off 28 employees and close its Philadelphia office.

The Nevada Independent
Oct 26th, 2023
Artificial intelligence enhances human services

Wealthfront's acquisition by UBS fell apart, and Betterment (which now also serves advisers, including my firm) has yet to have its initial public offering.