Financial Associate
Who We Are and What We are Doing:
Ethena Labs is actively building and deploying a suite of groundbreaking digital dollar products aiming to upgrade money into the internet era.
Our flagship product, USDe, is a synthetic dollar backed by digital assets, and takes the novel approach of using a delta-neutral hedged basis strategy to maintain its peg. This product scaled from zero to $15b in 18 months.
Expanding on this, iUSDe is designed specifically for traditional financial institutions, incorporating necessary compliance features to enable them to access the crypto-native rewards our protocol generates, in an institutional-friendly manner.
Ethena has also developed USDtb: a fiat backed GENIUS compliant stablecoin in partnership with BlackRock which has scaled to ~$2b.
These products are also offered in a whitelabel stablecoin offering where any application, chain, wallet or exchange can launch their own stablecoin on Ethena's back-end infrastructure.
Through these offerings, Ethena Labs is not just creating new financial products; we are building the foundational infrastructure for a more open, efficient, and interconnected global financial system.
Open job offerings will be focused on two new major product lines coming to market in the next few months.
Join us!!
Location: Portugal
The Role
As a Financial Associate, your mission is to assist the Finance Manager in scaling a robust, Web3-native accounting and control environment. You will play a pivotal role in ensuring that the organization accurately captures, classifies, and reconciles both fiat and onchain financial activity across multiple entities and products.
When you join, youâll be a core part of the Finance Team. This position owns the core accounting operations, ranging from transaction recording and complex reconciliations to month end close support and audit readiness. Reporting directly to the Finance Manager, you will work to bridge the gap between traditional general ledger systems and crypto data sources. This is an ideal role for a detail oriented accounting professional looking to deepen their expertise in the evolving digital asset landscape.
n- Reliably record purchase, sales, intercompany, and treasury transactions across fiat and digital asset accounts. You will ensure precise coding, VAT/tax treatment, and the maintenance of robust supporting documentation.
- Perform recurring reconciliations across bank accounts, custodians, exchanges, and on-chain wallets. You will investigate breaks and clear unmatched items to improve reconciliation support files.
- Execute supplier and treasury payments across fiat and digital asset rails, ensuring all runs follow strict approval workflows and are accurately recorded.
- Support the link between Web3 accounting software and the general ledger. You will validate transaction completeness and investigate mismatches using blockchain explorers.
- Assist with multi entity consolidation by preparing entity level schedules, intercompany reconciliations, and data packs for group reporting and regulatory requests.
- Prepare transaction schedules for VAT and tax filings. You will work to reduce follow-up queries from local accountants and maintain an "audit ready" trail of evidence.
- Prepare and post accruals, prepayments, and depreciation entries to enhance the quality and consistency of the month end close process.
- Proven experience in a financial accounting role, preferably within a multi-entity or international environment where youâll have had responsibilities in IFRS and financial accounting operations. You must be able to execute recurring tasks with a sharp eye for supporting documentation.
- A mindset geared toward identifying inefficiencies and suggesting practical improvements to scaling workflows in executing payment runs and monitoring balance movements across bank accounts, custodians, exchanges, and stablecoin wallets.
- Knowledge of blockchain explorers (e.g., Etherscan) to verify transfers. Experience with (or a strong desire to learn) crypto sub-ledgers like Cryptio, Cryptoworth, or Tres.
- Experience of organizing working papers and maintaining a structured audit trail that meets institutional requirements.
Why Ethena Labs?
You'd be joining a group that has well established itself as one of the most successful crypto-native company's of all time, a group with a mission to revolutionise decentralised finance and it's position in global finance.
Work alongside a passionate and innovative team that values collaboration and creativity.
Enjoy a flexible, remote-friendly work environment with established opportunities for personal growth and learning.
If you subscribe to the mission of separating the dollar from the state, then we want to hear from you!
We look forward to receiving your application and will be in touch after having a chance to review.
In the meantime, here are some links to more information about Ethena Labs to help you check us out:
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