Job Description: Drafting an accounting summary of key terms in new venture transaction agreements as they are entered into by Coinbase based on inputs defined by Coinbase accounting policies
Researching the launch status of tokens and documenting findings
Preparing supporting documentation on similarities/differences for follow on investments versus initial investments
Reconciliation of venture transactions on USDC/USDT to Ventures inventory outflows
Preparing draft journal entries, including realized gains/losses on investment exits, exercises of warrants, token launches, impairments, transactions in USDC
Preparing a cash flow and liquidity tracker to document remaining capital commitments
Reconciliation of Ventures investment GL account balances between ledger and supporting workbooks
Preparing variance analyses on balance sheet and income statement accounts used for Ventures transactions and drafting variance explanations
Preparing Ventures bonus pool calculations
Preparing classification documentation and vesting schedules based on Coinbase agreements for tokens launched during the period
Preparing gain/loss calculation for reclassification of vested tokens from Digital Assets Receivable to Digital Assets
Preparing calculation of staking revenues, voting rewards earned, token disposals, and token lending activities
Obtaining token prices for Ventures tokens from external sources
Calculating mark\-to\-market (MTM) adjustments for both Digital Assets and Digital Assets Receivables using fair value based on token prices at the end of month
Reconciliation of quantities of principal token balances between the Coinbase Legal Tracker and the Digital Asset workbook
Preparing draft journal entries for token sales, staking income, voting
rewards earned, fair value adjustments, interest income, and gains/losses on vested units
Preparing Digital Asset cash flow and supporting documentation for Coinbase Global (CBG) legal entity
Reconciliation of Ventures investment GL account balances between ledger and supporting workbooks
Performing impairment analysis for investments, including:
+ Preparing a scoping file based on the posting threshold determined by Coinbase
+ Aggregating various external information to identify critical news that may trigger impairment
+ For any investments requiring impairment, preparing an impairment analysis and valuation summary
+ Preparing draft impairment journal entries
Preparing draft ventures investment disclosures
Preparing support for slides for quarterly Audit Committee decks, including summarizing total investments, new investments and updates on investments during each quarter
Preparing updates to SEC Checklist for questions regarding ventures investments
Reconciliation of Coinbase digital asset investment balances to Blockchain for Ventures tokens
Preparing summary of unvested tokens held with restriction
Preparing gain/loss summary based on previously calculated MTM adjustments
Reconciliation of gain/loss summary to Ventures investment GL account balances
Performing trading volume analysis using third party sources to assess fair value levelling for the Ventures token portfolio
Responsibilities: Drafting an accounting summary of key terms in new venture transaction agreements as they are entered into by Coinbase based on inputs defined by Coinbase accounting policies
Researching the launch status of tokens and documenting findings
Preparing supporting documentation on similarities/differences for follow on investments versus initial investments
Reconciliation of venture transactions on USDC/USDT to Ventures inventory outflows
Preparing draft journal entries, including realized gains/losses on investment exits, exercises of warrants, token launches, impairments, transactions in USDC
Preparing a cash flow and liquidity tracker to document remaining capital commitments
Reconciliation of Ventures investment GL account balances between ledger and supporting workbooks
Preparing variance analyses on balance sheet and income statement accounts used for Ventures transactions and drafting variance explanations
Preparing Ventures bonus pool calculations
Preparing classification documentation and vesting schedules based on Coinbase agreements for tokens launched during the period
Preparing gain/loss calculation for reclassification of vested tokens from Digital Assets Receivable to Digital Assets
+ Preparing a scoping file based on the posting threshold determined by Coinbase
+ Aggregating various external information to identify critical news that may trigger impairment
+ For any investments requiring impairment, preparing an impairment analysis and valuation summary
+ Preparing draft impairment journal entries
Preparing draft ventures investment disclosures
Preparing support for slides for quarterly Audit Committee decks, including summarizing total investments, new investments and updates on investments during each quarter
Preparing updates to SEC Checklist for questions regarding ventures investments
Reconciliation of Coinbase digital asset investment balances to Blockchain for Ventures tokens
Preparing summary of unvested tokens held with restriction
Preparing gain/loss summary based on previously calculated MTM adjustments
Reconciliation of gain/loss summary to Ventures investment GL account balances
Performing trading volume analysis using third party sources to assess fair value levelling for the Ventures token portfolio
Qualifications: Master degree in Commerce and accounting 8\-10 years of experience in Accounts Payable \& General Ledger
Preparing calculation of staking revenues, voting rewards earned, token disposals, and token lending activities
Obtaining token prices for Ventures tokens from external sources
Calculating mark\-to\-market (MTM) adjustments for both Digital Assets and Digital Assets Receivables using fair value based on token prices at the end of month
Reconciliation of quantities of principal token balances between the Coinbase Legal Tracker and the Digital Asset workbook
Preparing draft journal entries for token sales, staking income, voting
rewards earned, fair value adjustments, interest income, and gains/losses on vested units
Preparing Digital Asset cash flow and supporting documentation for Coinbase Global (CBG) legal entity
Reconciliation of Ventures investment GL account balances between ledger and supporting workbooks
Performing impairment analysis for investments, including: