A natural match if you have experience in data center finance and accounting, with a focus on compensation modeling and cost allocation.
Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from Galaxy via Greenhouse
Who We Are:
Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, growing the economy that runs on code. Galaxy delivers the onchain infrastructure that connects institutions to digital assets, including trading, advisory, asset management, staking, self-custody, and tokenization. Galaxy also develops and operates data center infrastructure to power AI and HPC workloads. Anchored by its Helios campus in Texas, Galaxy is building a multi-gigawatt pipeline of more than 5.7 GW of potential capacity, positioning it among the largest and fastest-growing data center developers in North America.
The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.
Additional information about Galaxy's businesses and products is available on www.galaxy.com.
What We Value:
We are a diverse team of free thinkers, and fast movers united to help investors and creators energize the global economy. We are looking for individuals who thrive in a culture of builders and overachievers and embrace high performance, transparent feedback, and a mission-first approach. Our culture shapes our way of working and gets us where we want to be.
Seek Excellence.
Be Selective To Be Effective.
Be Highly Aligned, Loosely Coupled.
Disagree Transparently.
Encourage Independent Decision-Making.
Build Dream Teams.
Who You Are:
Compensation costs are a key driver of profitability for the data center business given revenues are contracted for 15-year periods and operating costs are passed through to tenants. This role will own the allocation, analysis and reporting of that information across data halls, between construction and operations, recoveries, etc. Within the Data Center team, you are a detail-oriented CPA with a genuine appetite for analysis. You will build and run the allocation models, reconcile them monthly, explain what is driving the numbers, and prepare the support that our accountants rely on to book entries. Over time you will take ownership of share-based compensation calculations and the related disclosures for our financial statements, proxy statements and other filings.
You will be trusted with highly confidential employee compensation information which you will handle with absolute discretion. You will regularly work directly with the Data Center Head of Finance and the Co-Heads of the Data Center business, presenting your analyses and fielding their questions. This role reports to the Head of FP&A – Data Centers, with a dotted-line relationship to the Controller. The ideal candidate is a self-starter with proven analytical skills and the judgment to know when a number needs a second look.
What You’ll Do:
Analysis & Insight
Build and maintain the models that allocate compensation and related costs at the individual employee level to the relevant data halls, projects, departments and legal entities
Analyze the capitalization versus expense split of compensation costs, and the resulting impact on operating cost pass-through, project cost and reported results
Prepare and regularly present monthly budget-to-actual, trend and headcount-driven variance analysis; explain the “why” behind the numbers to stakeholders and business leaders
Model headcount scenarios (hiring plans, transfers, ramp-up of new data halls) and their effect on cost, capitalization and tenant recovery to support budgeting and forecasting
Test the reasonableness of allocation drivers and methodologies, and recommend changes as the business evolves
Provide ad hoc analysis to support Data Center leadership, group finance, lender, tenant and reporting needs
Compensation Allocation & Capitalization
Identify compensation costs associated with construction and other qualifying activities that may be capitalized, and maintain the supporting methodology, driver- or time-based allocations and monthly attestations
Apply and help refine Galaxy’s compensation capitalization framework in accordance with US GAAP (e.g., ASC 360 and ASC 720-10-25-3), documenting conclusions for the Controller, Reporting team and external auditors
Track changes in headcount, role, location and responsibilities (new hires, transfers, terminations, promotions) and reflect them in allocations on a timely basis
Allocate ancillary and overhead costs such as occupancy, technology, T&E, benefits and payroll taxes, using defensible, consistently applied drivers
Share-Based Compensation & Disclosure
Assist with data center share-based compensation calculations (e.g., ASC 718 expense attribution, forfeitures, modifications and allocation to data center entities and activities)
Assist with the preparation of supporting schedules and disclosure drafts for financial statement footnotes, proxy statements and other required filings, working with SEC reporting, Legal and People teams
Close, Reconciliation & Journal Entry Support
Prepare clear, well-documented journal entry support and schedules for the accounting team to rely on in booking compensation, allocation and capitalization entries during the month-end and quarter-end close
Reconcile payroll, benefits and bonus accruals to the general ledger and to allocation models monthly, at the legal entity level, and investigate and resolve variances
Support the Controller’s team on accruals, intercompany and cross-entity charges, and construction-in-progress roll-forwards as they relate to capitalized compensation
Manage and respond to audit and SOX control requests related to compensation allocation, capitalization and share-based compensation
Process Improvement & Automation
Automate allocation, reconciliation and reporting workflows to the extent possible, replacing manual, spreadsheet-based processes with scalable, controlled solutions
Contribute to the configuration and data design of Workday and related systems so that allocation attributes (cost center, project, data hall) flow cleanly from HR through payroll to the general ledger
Document policies, procedures and controls over compensation allocation and capitalization
Partnership
Work hand in hand with the People team on headcount, compensation and organizational data, and on the timing and accuracy of payroll feeds
Partner closely with the Construction, DC Operations, Environmental Health & Safety, Technology, Power, and Growth & Development teams to understand how people spend their time and to validate allocations
Work closely with the Controller’s team, FP&A and SEC reporting on their requests and initiatives
What We’re Looking For:
CPA
Public accounting experience (audit or advisory), followed by 1+ years of experience in an industry accounting or financial analysis role
Proven analytical skills: ability to build models, find the story in large datasets and clearly explain findings to non-accountants
Advanced Excel experience (large datasets, lookups, pivots, reconciliations)
Strong working knowledge of US GAAP, particularly capitalization of internal costs (ASC 360 / ASC 720) and payroll-related accounting
Demonstrated ability to prepare clear, well-supported schedules and journal entry support that others can rely on
Unquestionable integrity and discretion in handling confidential employee compensation information
Strong attention to detail, with the discipline to reconcile and tie out data from multiple sources every month
Intellectually curious self-starter, comfortable navigating ambiguity and building process where none exists
Excellent written and verbal communication skills, with the poise and clarity to present analysis to senior leaders and the confidence to say when the data does not support a conclusion
Team-player attitude; able to build credibility across disparate teams
Ability to multitask and meet recurring close deadlines in a fast-paced, high-growth environment
Flexibility to innovate and implement new procedures to improve processes and workflow
Bonus Points:
Experience with Workday (HCM or Financials)
Experience with payroll data and cost allocation models in real estate, construction, energy, telecom or data center environments
Experience with automation or analytics tools (VBA, Power Query, Power BI, Python or SQL)
Experience with cost recovery / CAM or pass-through billing under triple-net leases
Experience with share-based compensation accounting and related disclosure requirements
Familiarity with SOX controls and public company reporting
Big 4 accounting experience
What We Offer:
Competitive base salary and discretionary bonus
Hybrid/Flexible Working Arrangements
Flexible Time Off (paid)
3% 401(k) company contribution
Company-paid health and protective benefits for employees, partners, and other dependents
Generous paid Parental Leave
Competitive family planning benefits for US employees
Opportunities to learn about the Crypto industry
Smart, entrepreneurial, and fun colleagues
Free daily snacks and weekly breakfasts/lunches
Employee Resource Groups
Free coaching and counseling sessions through Headspace
Apply now and join us as we grow the economy that runs on code.
The base salary ranges included below will be commensurate with candidate experience, expertise and local market. Final offer amounts are determined by multiple factors, including candidate experience and expertise. At Galaxy, we maintain a total compensation philosophy which consists of a competitive base salary, annual bonus, and equity incentives.
Base Salary Range$100,000—$100,000 USDGalaxy respects diversity and seeks to provide equal employment opportunities to all employees and job applicants for employment without regard to actual or perceived age, race, color, creed, religion, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital or partnership or caregiver status, ancestry, national origin, citizenship status, disability, military or veteran status, protected medical condition as defined by applicable state or local law, genetic information or predisposing genetic characteristic, or other characteristic protected by applicable federal, state, or local laws and ordinances.
We will endeavor to make a reasonable accommodation to the known limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business. If you believe you require such assistance to complete the application process or to participate in an interview, please contact careers@galaxy.com.
Source: Galaxy careers (Greenhouse)