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

Jessica Olenick

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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.





  • 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.


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