Find A Job › Compliance

SEARCH:

CFO

  • Location: Chicago, IL
  • Job Type: Direct Placement
  • Ref No: 19-00231
  • Date: January 08, 2019
  • Job title:

Jessica Olenick

Questions about this job listing? Contact the recruiter now.

Job Description - CFO

The CFO is a key member of the US management team of a money service business. The role is responsible for building out and managing the North American Financial Control (operations), Treasury, Financial and Regulatory reporting, Money Transmitter Licensing, Accounting, and HR functions.

 

 

Responsibilities



 

  • Plan and execute the financial strategy of the company
  • Manage financial controls and accounting procedures including transaction settlement, permissible investments, collateral and surety bonds
  • Ensure cash flow is appropriate for the organization's operations
  • Monitor affiliate outsourced financial control work processes
  • Ensure full transparency over the financial performance of the company
  • Provide advice and guidance on how to increase revenue and reduce costs
  • Effectively and clearly communicate potential risks in a timely manner
  • Propose action plans to ensure that annual financial objectives are attained
  • Prepare monthly and annual budgeting
  • Prepare reliable current and forecasting reports
  • Build and manage a team to oversee all financial, accounting, tax and audit responsibilities
  • Support the CEO with raising capital and debt financing
  • Oversee the annual financial audit process
  • Manage licensing and regulatory filings
  • Manage tax filings for city, state and federal levels
  • Manage vendor relationships
Decision Making Authority



 

Examples of decisions this role can make:

  • Establish controls in accounting
  • Requires CFO sign off on new projects and business changes to ensure the group can continue to meet their objectives.
  • Negotiate rates and contracts with financial service providers
  • Establishment of new banking relationship

 

Position Contacts & Place in the Organization
  • Reports to CEO
  • Daily contact with US executive officers
  • Weekly contact with banking contacts
  • Weekly contact with CFO on the group level
  • Frequent contact with IT managers
  • Frequent contact with service providers

 

Position Challenges & Risks
  • Fast moving entrepreneurial environment where key business decisions can be made affecting finance and operations with little notice to CFO
  • Extremely dynamic industry landscape
  • Reliance on foreign affiliate operations, compliance, and IT


Position Requirements
  • A Bachelor's degree in Finance or Accounting from an accredited university
  • 15 years of senior financial management experience with a track record of success in FinTech and/or financial services
  • Financial management experience in an early stage company
  • 5 years corporate accounting experience including consolidations, foreign currencies
  • 10 years experience supervising at least 15 employees including objective setting, periodic reviews, and employee development
  • CPA or MBA
  • In depth knowledge of corporate financial law and risk management practices
  • Excellent knowledge of data analysis and forecasting methods
  • Expert level spreadsheet, database, and reporting skills
  • Proven verbal and written communication skills
  • Hands-on, highly effective, results-driven, efficient, detail-oriented
  • Ability to meet deadlines.

 




Related Job Listings

Job Location Type Posted  
Director Of Compliance Chicago, IL Direct Placement January 09
Chief Compliance Officer Chicago, IL Direct Placement January 07
Fraud and Risk Specialist Woodridge, IL Direct Placement December 27