Financial Associate

About Ethena Labs

Ethena Labs is actively building and deploying a suite of groundbreaking digital dollar products aimed at upgrading money into the internet era. Our flagship product, USDe, is a synthetic dollar backed by digital assets and uses a delta-neutral hedged basis strategy to maintain its peg. This product scaled from zero to $15B in 18 months.

Expanding on this, USDe 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. USDtb is a fiat-backed GENIUS-compliant stablecoin developed in partnership with Black Rock that has scaled to ~$2B. These products are also offered in a white-label 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 opportunities 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 on-chain financial activity across multiple entities and products.

When you join, you’ll 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.

What You’ll Do

• Reliably record purchase, sale, intercompany, and treasury transactions across fiat and digital asset accounts, ensuring precise coding and VAT/tax treatment.
• Perform recurring reconciliations across bank accounts, custodians, exchanges, and on-chain wallets; 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; 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; 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.

What We’re Looking For

• Proven experience in a financial accounting role, preferably within a multi-entity or international environment, with IFRS and financial accounting operations.
• You must be able to execute recurring tasks with a sharp eye for supporting documentation.
• Strong mindset for identifying inefficiencies and suggesting improvements to scaling workflows in 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 crypto sub-ledgers like Cryptio, Cryptoworth, or Tres, or a strong willingness to learn.
• Experience organizing working papers and maintaining a structured audit trail that meets institutional requirements.

Why Ethena Labs?

You'd be joining a group that has established itself as one of the most successful crypto-native companies of all time, with a mission to revolutionize decentralized finance and its position in global finance.

Work alongside a passionate and innovative team that values collaboration and creativity. Enjoy a flexible, remote-friendly work environment with 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 reviewing. In the meantime, here are some links to more information about Ethena Labs to help you check us out: Website, Twitter/X, Linked In.