Controller

Controller B. Riley Securities Holdings, Inc. | Los Angeles, CA | Arlington, VA | Remote Los Angeles HQ: 11100 Santa Monica Blvd, Suite 800, Los Angeles, CA 90025 Compensation: Competitive base salary commensurate with experience ($150k - $190k) + quarterly bonus POSITION SUMMARY B. Riley Securities Holdings, Inc. (BRSH) is a FINRA-registered broker-dealer holding company and subsidiary of BRC Group Holdings (RILY). We are looking for a technically sharp, operationally minded Controller to serve as the cornerstone of our accounting function. This is a high-visibility, high-impact role for a senior accounting professional who thrives in a fast-moving environment and wants to be part of building something — not just maintaining it. Reporting directly to the CFO, the Controller owns the general ledger, the monthly close, all internal and regulatory financial reporting, and the development of a growing accounting team. This role sits at the intersection of technical accounting, broker-dealer regulation, and cross-functional partnership.  As the firm continues to evaluate its organizational structure and affiliated business lines, the Controller will be well-positioned to grow with the firm and take on expanded responsibilities over time.  This role requires someone who can operate with precision, exercise sound judgment, and communicate clearly across the organization.  KEY RESPONSIBILITIES  General Ledger & Month-End Close  Own the monthly close calendar from Day 1 through sign-off; manage close task lists and milestone tracking across the team  Confirm reversal of prior month accruals; approve and post all recurring and non-recurring journal entries in NetSuite  Prepare and review the accrued expense analysis; book vendor, legal, payroll, and AP accruals at period-end  Reconcile and maintain the prepaid expense schedule; reclassify prepaid amortization monthly  Record intangible asset amortization; update amortization schedules and tie to the general ledger  Maintain the deferred revenue schedule; monitor deal status updates and approve revenue recognition entries as milestones are achieved  Record deferred rent and right-of-use asset entries; maintain supporting lease schedules  Monitor and clear the intercompany script account (890010); ensure zero balance at period close  Manage intercompany allocations, wires, and entries with parent and affiliated entities (BRSH, BRS, BRC)  Review and approve all AP invoice entries; manage AP period open/close cycle and confirm reclassifications are complete  Run and tie out the AP trial balance; resolve outstanding items with the accounts payable function  Revenue Accounting — Investment Banking  Create and maintain deal sheets for each IB underwriting transaction based on prospectus, engagement letters, closing documents, and NFS syndicate account activity  Record IB revenue and related receivables in NetSuite; obtain business unit sign-off on revenue recognition timing  Manage the IB accounts receivable schedule; track retainer fee invoices, deferred revenue, and collection status  Process co-manager OOP expense settlements: gather invoices, obtain approval, record in NetSuite, and initiate AP payment  Prepare and distribute settlement letters; send to co-managers and manage 90-day payment deadlines  Record ATM program revenues and payables; reconcile ATM activity reports monthly  Track M&A and advisory deal revenues; record G/L entries upon confirmation of closing documentation  Monitor deferred deal expenses; reclassify to recognized expense as associated revenue is booked  Calculate net capital requirements for IB underwriting transactions; report haircut impacts to CFO  Maintain the IB revenue deal sheet tied to NetSuite; distribute monthly revenue summary to CFO and CEO  Commission Revenue Reconciliation — Institutional Sales & Trading  Reconcile secondary commission revenue to Xtiva replication files and NFS clearing statements each month  Run commission reports (primary and secondary), trade-date analysis, and as-of-trade adjustments; resolve discrepancies promptly  Manage the CSA (Commission Sharing Agreement) schedule: receive final CSA amounts, approve fund transfers, monitor bank activity, and approve CSA payments to counterparties  Reconcile NFS accounts (syndicate, cash, and investment accounts); create roll-forward reconciliations and post NetSuite entries  Process ATM commission reductions; update related schedules and notify business leads  Manage commission rebate invoices for introducing broker relationships; send invoices to counterparties and obtain approval before payment processing  Maintain the manual commission receivable schedule; review and route to business unit heads for approval  Payroll Processing & Compensation Accruals  Process regular salary and commission payroll runs; analyze all payroll lines for accuracy, completeness, and proper GL coding  Export the payroll general ledger report; build a pivot summary and reconcile to the payroll bank account  Upload finalized payroll journal entries to NetSuite; reconcile the payroll bank reconciliation  Prepare the payroll accrual at period-end based on the most recent payroll run; create the reversing accrual for the following period  Maintain accrued bonus and commission schedules; update for payments processed and reconcile balances to NetSuite  Book primary and secondary compensation accruals; obtain accrual inputs from business unit heads and reconcile to approved compensation pools  Prepare commission detail by person and type for each commission payroll run; distribute to relevant parties for review  Track and record employee loans: monitor interest accrual, record payments, and maintain employee receivable schedule  Bank & Clearing Account Reconciliations  Review and approve all bank reconciliations monthly: BONY operating, BONY CSA, BONY DTCC, BONY payroll, and other custodian accounts  Monitor daily bank activity; approve daily cash receipt entries from accounting staff  Reconcile the NFS main account and all sub-accounts; create roll-forward reconciliations and post NetSuite entries for positions, P&L, transfers, and as-of trades  Review and approve the Pershing sundry account reconciliation and corresponding entries  Reconcile DTCC participant fund balance; obtain and process DTCC billing invoices  Obtain and approve reconciliations for other clearing accounts; review activity and post corresponding entries  Confirm all cash receipts are entered; reclassify negative NFS balances to the AP payable account  Review outstanding checks for void and reissue as warranted  Regulatory Reporting — FOCUS & Net Capital  Prepare and file the monthly FOCUS Report (FINRA Form X-17A-5) for BRS on the FINRA Gateway by business day 17  Update FOCUS income statement and balance sheet summary schedules; calculate security haircuts for net capital compliance under SEC Rule 15c3-1  Obtain CFO approval on the FOCUS Report prior to FINRA filing; distribute to compliance and designated counterparties  Prepare and file the monthly leverage report; review with CFO and file on FINRA Gateway  Maintain FOCUS Report packages with supporting reconciliations; ensure consistency with the NetSuite trial balance  Monitor the market blockage report: update positions, buy volume, total trade volume, and calculate haircut charges per clearing firm data  Review contractual commitments at month-end; track open underwriting positions and associated regulatory capital obligations  Fixed Assets, Stock Compensation & Other Balance Sheet Items  Review the fixed asset clearing account monthly; create or update fixed asset records in NetSuite for new additions  Process monthly depreciation; maintain and review the fixed asset roll-forward schedule; obtain sign-off  Prepare stock compensation journal entries: RSA and RSU vesting (net-of-tax), stock expense accruals, and ESPP entries on applicable cycles  Coordinate with HR and valuation advisors (e.g., Stout) for current fair value inputs under ASC 718 on vesting events  Maintain the bad debt allowance schedule; review receivable aging, prepare allowance entries, and obtain CFO approval  Record note interest accruals for applicable investment positions; maintain supporting interest schedules  Update the ASC 820 fair value schedule for Level 3 private securities; obtain pricing from approved valuation sources  Manage sublease rental invoices: issue to subtenants, track receipt, and record in NetSuite  Process 401(k) match true-up entries; manage ESPP stock expense accrual semi-annually  Bloomberg & Vendor Expense Allocations  Obtain Bloomberg terminal user lists and expense data monthly; calculate cost allocation by user and department  Create monthly Bloomberg accrual and reversing entry; post the final allocation journal entry to NetSuite  Distribute allocated Bloomberg expense detail to business unit heads for review and confirmation  Audit, SEC Reporting & Internal Controls  Serve as the primary day-to-day contact for Crowe LLP on the annual audit and quarterly reviews; manage the audit request list and deliverable schedule  Prepare and maintain IPE-compliant financial reporting packages (YTD and QTD) for all audit workpaper areas  Periodic financial reports and disclosure packages  Maintain SOX-aligned documentation for key controls across revenue recognition, payroll, bank reconciliations, and regulatory reporting  Coordinate with BDO (external auditor for parent company BRC Group Holdings) on consolidated audit requests, intercompany reconciliations, and shared-service accounting matters as required  Team Leadership & Process  Manage and develop a team currently comprising a Sr. Accountant and Assistant Controller; assign daily work, provide technical guidance, and sign off on all reconciliations prior to CFO submission  Maintain and update the monthly close checklist; provide close status updates to CFO throughout the cycle  Drive continuous improvement in close efficiency; identify automation and process enhancement opportunities within NetSuite  Establish and maintain documented accounting policies and procedures consistent with GAAP and broker-dealer regulatory requirements  QUALIFICATIONS  Required  Bachelor's degree in Accounting, Finance, or related field  CPA preferred; active license strongly valued  FINOP (Series 27) 7+ years of progressive accounting experience, including at least 3 years in a broker-dealer, investment bank, or financial services firm  Demonstrated hands-on experience with FINRA FOCUS Report preparation and filing  Working knowledge of SEC Rules 15c3-1 (net capital) and 15c3-3 (customer protection); familiarity with FINRA reporting requirements  Proficiency with NetSuite or equivalent ERP system  Strong command of GAAP, including ASC 606, ASC 718, ASC 820, ASC 840/842, and ASC 326  Demonstrated ability to manage a full monthly close cycle and deliver on-time results in a fast-paced environment  High proficiency in Microsoft Excel (pivot tables, VLOOKUP/XLOOKUP, reconciliation modeling)  Proficiency with Claude and other AI tools required; B. Riley is an AI-focused firm and candidates who are not yet proficient must demonstrate the ability and drive to get there fast  Preferred  Experience in a carve-out, newly public, or standalone broker-dealer entity  Familiarity with Xtiva commission management system  Prior public accounting experience (Big 4 or national firm) with a broker-dealer or financial services practice  Experience coordinating with external auditors on annual audits and quarterly reviews for a public registrant  Familiarity with NFS (Fidelity) and Pershing clearing platforms  CORE COMPETENCIES  Precision & Accountability — Produces consistently accurate work product; takes ownership of errors and drives rapid resolution  Broker-Dealer Technical Depth — Understands the regulatory and accounting nuances unique to a FINRA-registered broker-dealer, including net capital, FOCUS reporting, and clearing firm reconciliations  Close Management — Can execute a compressed monthly close, prioritize competing deadlines, and keep the team on schedule without sacrificing accuracy  Judgment & Escalation — Knows when to escalate issues to the CFO; proactively identifies accounting risks and internal control gaps  Communication — Communicates clearly with non-finance stakeholders (Capital Markets, IB, Compliance) and with external auditors  Team Development — Grows staff capability; delegates effectively and fosters a culture of accuracy and accountability  REPORTING RELATIONSHIPS  Reports To:  Chief Financial Officer, B. Riley Securities Holdings, Inc.  Direct Reports:  Sr. Accountant; Assistant Controller  Key Internal Relationships:  CEO; Capital Markets leadership; Investment Banking; Compliance & Legal; Human Resources; IT  Key External Relationships:  Crowe LLP (BRSH external auditor); BDO (BRC Group Holdings external auditor); NFS/Fidelity; BONY; FINRA; SEC  Inclusion and Equal Opportunity Employment: B. Riley Securities is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status, or any other legally protected factors.  Offices: Arlington, Virginia, United States (Arlington ); Los Angeles, California, United States (Los Angeles );