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Finance Associate

Who are we?

An electricity exchange for the energy transition.

ElectronX™ is a new electricity market designed to enable precision risk management, volatility hedging opportunities, and the monetization of power assets for all energy market participants. As a CFTC-regulated financial exchange (subject to approval), ElectronX will offer derivatives products that capture the intraday price fluctuations of our rapidly changing electrical grid—helping to smooth the financial path of clean energy adoption across the nation.

The Finance Associate role supports our growth as we build this innovative exchange. We're looking for professionals who began their career in accounting and now seek to expand their skillset. You'll work directly with our CFO across every aspect of our financial operations.

Your responsibilities will extend beyond traditional accounting—from implementing core financial systems to supporting the critical clearing functions driving our business. You'll develop and execute financial processes spanning both corporate finance and exchange operations in our fast-paced startup environment. Gain exposure across the entire financial spectrum of our cutting-edge trading platform while making a meaningful impact on the energy transition. As we grow, your contributions will directly shape our success, offering significant growth potential for ambitious finance professionals.

What you will be doing:

Accounting Support

  • Execute month-end close processes under CFO supervision

  • Prepare journal entries and account reconciliations

  • Support system implementation as a key user, configuring the system with custom reports and dashboards to enhance financial visibility for both current and future exchange operations

  • Process accounts payable following proper approval protocols

  • Assist with external accounting firms for tax and annual audit preparation

Clearinghouse Support

  • Process daily settlements and reconcile trading activity

  • Monitor customer accounts and related collateral deposits

  • Assist with member onboarding and documentation management, working closely with the market operations team. 

  • Support preparation of clearing-specific regulatory reports

Cash & Treasury Operations

  • Support daily cash activities across corporate and clearing functions

  • Manage banking transactions for both operating and settlement accounts

  • Administer expense tracking and reporting through expense system

Regulatory Compliance Support

  • Execute reconciliation processes essential for regulatory reporting

  • Support regulatory examination preparation and maintain compliance procedure documentation

What we need from you:

  • Bachelor's degree in accounting or finance

  • 1-3 years of accounting experience

  • Working knowledge of financial systems (NetSuite experience a plus)

  • Advanced Excel proficiency

  • Exceptional attention to detail with a process improvement mindset

  • Self-directed problem-solver who thrives in a startup environment

  • Working toward or have obtained your CPA certification

Bonus points if: 

  • You have experience with financial services or trading systems infrastructure

  • You're passionate about clean energy and its intersection with financial markets

What does ElectronX offer?

  • Paid healthcare including health, dental, and vision

  • 401K

  • Supplemental health and disability insurance

  • Unlimited vacation

  • Flex-work

  • ElectronX gear!

Equal Opportunity Statement:

ElectronX is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

Average salary estimate

$70000 / YEARLY (est.)
min
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$60000K
$80000K

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What You Should Know About Finance Associate , ElectronX

Are you ready to kickstart your career in finance with a dynamic and innovative company? ElectronX, an exciting electricity exchange making waves in the energy transition, is seeking a Finance Associate to join our team in Chicago! As we build a cutting-edge market that focuses on risk management and the monetization of power assets, your role will be pivotal in supporting our financial operations while exploring the intersections of finance and clean energy. You'll work closely with our CFO and dive into responsibilities that go beyond traditional accounting – from executing month-end close processes to assisting in system implementations that enhance our financial visibility. Your analytical skills will shine as you handle daily settlements, monitor customer accounts, and support regulatory compliance efforts in a fast-paced startup environment. If you have a passion for advancing your finance career and are eager to make a meaningful impact on clean energy across the nation, we want to hear from you! With opportunities for significant growth and involvement across our innovative trading platform, the Finance Associate position offers a chance to shape the future of energy in a role that truly matters. Join ElectronX and help us turn the tide towards a greener tomorrow!

Frequently Asked Questions (FAQs) for Finance Associate Role at ElectronX
What responsibilities does a Finance Associate at ElectronX have?

As a Finance Associate at ElectronX, your responsibilities are diverse and impactful. You will execute month-end close processes, prepare journal entries, manage accounts payable, and support system implementations that enhance our financial reporting. Additionally, you'll process daily settlements as part of clearinghouse support, monitor customer accounts, and assist with regulatory compliance, ensuring that our operations align with the necessary regulations. You will be an essential part of the financial backbone that supports our innovative electricity exchange.

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What qualifications are needed to become a Finance Associate at ElectronX?

To qualify for the Finance Associate position at ElectronX, candidates should hold a Bachelor's degree in accounting or finance and possess 1-3 years of relevant accounting experience. A working knowledge of financial systems is required, and advanced Excel proficiency is crucial for data analysis and reporting. Additionally, a problem-solving mindset suited for a startup environment and progress towards or possession of a CPA certification will enhance your candidacy. Experience in financial services or trading systems may also be advantageous.

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How does the Finance Associate role at ElectronX contribute to the company

The Finance Associate role at ElectronX is integral to the company’s success in transforming the energy market. By executing essential financial processes and collaborating closely with the CFO, you will directly influence the financial operations that drive our electricity exchange. This position allows you to develop financial systems and practices that enable smoother cash activities, regulatory compliance, and accurate reporting, thereby facilitating a reliable platform for energy market participants and supporting the overall mission of clean energy adoption.

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What growth opportunities exist for a Finance Associate at ElectronX?

At ElectronX, the Finance Associate role offers significant growth opportunities as you gain exposure to various facets of finance and accounting within the energy sector. As the company expands, you'll find yourself moving into new responsibilities that allow for professional development in corporate finance and exchange operations. The startup environment encourages initiative and innovation, enabling ambitious finance professionals to shape their roles and progress their careers within a rapidly evolving market.

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What benefits does ElectronX offer to Finance Associates?

ElectronX provides a comprehensive benefits package to its Finance Associates, which includes paid healthcare encompassing health, dental, and vision coverage. Employees also have access to a 401K plan, supplemental health and disability insurance, and unlimited vacation days. Additionally, we promote flexible work arrangements, allowing team members to balance productivity and personal life. We even provide ElectronX gear to celebrate our community. Our commitment to a positive work environment ensures that you thrive as a valuable member of our team.

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Common Interview Questions for Finance Associate
Can you describe your experience with month-end closing processes as a Finance Associate?

When answering this question, discuss specific examples of month-end close tasks you have completed, such as reconciliations or journal entries. Emphasize your attention to detail and accuracy, explaining how you ensure timely and precise financial reporting. Mention any financial systems you've used and how you've contributed to streamlining these processes.

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How do you approach problem-solving in a finance role?

In response, provide an example of a challenging financial issue you faced and describe the steps you took to resolve it. Highlight your analytical thinking, the resources you utilized, and your ability to collaborate with team members. Conclude with the positive outcome of your efforts to demonstrate your effectiveness as a problem solver.

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What financial software or systems are you familiar with?

Prepare to discuss any financial software you've used, focusing on your proficiency and ability to adapt to new systems. If you are familiar with NetSuite or other relevant tools, emphasize those experiences. Talk about how these tools have enhanced your financial workflows and reporting capabilities.

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How do you ensure compliance with regulatory standards in finance?

Share specific strategies you employ to maintain compliance with financial regulations. This may include regular audits, reconciliations, or use of compliance software. Discuss how you stay updated on regulatory changes and your commitment to following best practices to minimize risk.

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What role do you think financial visibility plays in a trading environment?

Explain the importance of financial visibility in a trading context, emphasizing how it supports decision-making, risk management, and operational efficiency. You can reflect on your experience in enhancing financial transparency through reports or dashboards that provide insights into trading activities and overall performance.

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How do you handle tight deadlines in a fast-paced environment?

Provide an example where you successfully navigated a pressing deadline, detailing the strategies you used to prioritize tasks and remain organized. Emphasize your time management skills and ability to remain composed under pressure, ensuring quality work even when faced with challenges.

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Describe your experience working in a startup environment.

Highlight specific instances where you've contributed to a startup or dynamic team. Discuss how your adaptability, self-direction, and proactive mindset helped your previous employer succeed, and how these qualities align with the vision of ElectronX as an innovative exchange in the energy market.

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What interests you about the intersection of finance and clean energy?

Share your passion for clean energy and explain why its financial aspects fascinate you. Discuss how you believe that sound financial management can amplify sustainable practices within the energy sector and your desire to contribute to meaningful progress through your work as a Finance Associate.

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How do you manage banking transactions in a finance role?

Detail your experience handling banking transactions and becoming familiar with bank reconciliations. Explain the importance of accuracy and security in managing cash flows and how you ensure proper documentation and reporting for all transactions. Focus on your methods for maintaining financial integrity.

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What strategies do you use for clear communication with team members and stakeholders?

Communication is key in finance roles. Discuss your approaches, such as using clear and concise reports, regular updates, and facilitating discussions in cross-functional teams. Provide examples of how effective communication enhances collaboration and leads to better outcomes within the finance department and beyond.

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Full-time, on-site
DATE POSTED
April 9, 2025

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