Chief Financial Officer (Cfo)

Role

Chief Financial Officer / CFO

Location

Hybrid onsite in Long Island or Midwest offices. (2-3 days a week).

Relocation

Flexible on options if not local.

-Relocation assistance.

-Condo or apartment available for someone not local and not planning to move.

Travel

25-50% estimation

Management

Lead a team of 4. VP, Finance (Controller); CPA; AP/AR; Data Analytics (Residuals Management).

Reports to

CEO

Employment Type

Full-Time, W2, Direct Hire

Benefits

80% Company paid (Medical, Dental, Vision), 401k with matching up to 4 percent. Vacation. Bonus, equity, and exit payment if company is acquired.

The Opportunity

The CFO is responsible for the finance and accounting department. This includes planning, coordinating, and directing all accounting operational functions including managing the accumulation and consolidation of all financial data necessary for an accurate accounting of consolidated business results. This position manages the day-to-day functioning and scheduling of the Finance and Accounting Team.

The CFO will partner with senior management on business strategy and play a key role in Mergers and Acquisitions transactions. M&A will be a major focus for this role. The CFO will act as the M&A specialist to facilitate its M&A growth opportunities in the region. This is an opportunity for an experienced M&A leader to develop expertise in the payments eco-system and help build and diversify our value proposition through M&A.

The Company

With a combined 100-year history in payment processing and related merchant services, we were built on three basic principles – integrity, transparency, and commitment. As experts in integrating today’s complex transaction technologies into one simple platform and providing turnkey, end-to-end payment solutions, we are committed to our partners and merchants’ growth and success.

We’re built by sales partners, for sales partners, merchant by merchant—for the long term.

Responsibilities

● Lead integration or consolidation of accounting functions for acquired entities.

● Lead annual external audit and coordinates with external tax accountants.

● Build an efficient accounting organization by attracting and retaining a high-quality team and utilizing software over manual processes.

● Work closely with business unit executives to review financial trends and KPIs.

● Give board presentations.

● Participate in all aspects of M&A Transactions – key focus. M&A projects full cycle from start to finish. (e.g. prospecting, net working capital adjustments, opening Balance Sheet accounting, contingent consideration monitoring, consolidation of financial operations, contracts, negotiations, due diligence, analysis, research, project, deal completion, etc.)

● Responsible for full cycle mergers and acquisitions including lead generation, qualification, financial modeling, diligence organization and process, contract as well as post-merger integration and should have the experience and expertise to help drive the entire process.

● Ensure documentation and ongoing compliance with accounting and financial controls.

● Participate in and attends industry, products, pricing, company, and all other relevant continuing education initiatives to provide a competitive advantage.

● Adhere to all company policies and procedures including safety standards.

● Perform other job-related duties as assigned or necessary.

● Direct the company's strategic planning initiatives and help to build out strong practices around FP&A. Partner with all members of the senior management team and other company leadership on business strategy.

● Mentor Finance and Accounting team through the implementation of systems, processes, internal controls, and policies.

● Monitor and maintain regular reporting with the team to ensure proper recognition and allocation of all company financial transactions.

● Work with external partners to streamline and optimize reporting accuracy to the company.

● Outline implementation and accounting processes for existing and future revenue streams/asset classes.

● Demonstrate strong Financial stewardship. Direct resource allocation, monitor company expenditures and help review and negotiate customer and vendor agreements.

● Oversee internal and external Financial Reporting. Work with external CPA firm on tax and compliance matters. Set accounting policy.

● Help drive effective board meetings as well as manage communications with the BOD and current and potential investors.

● Implement processes, frameworks and systems that allow us to capture and utilize timely and accurate data across the business to make better decisions.

● Provide support on various operational tasks including P&L and financial projections, pricing and valuation models and company presentations.

● Partner with leadership on financing strategy, board communications, company culture and corporate development, utilizing your existing relationships and building new ones across the finance community.

● Work creatively with implementing the operational, financial and tax considerations of new platform products and services.

● Develops financial well-being of the organization by providing financial projections and accounting services, preparing growth plans, and directing staff.

● Accomplishes finance human resource strategies by determining accountabilities; communicating and enforcing values, policies, and procedures; implementing recruitment, selection, orientation, training, coaching, counseling, disciplinary, and communication programs; planning, monitoring, appraising, and reviewing job contributions; and planning and reviewing compensation strategies.

● Develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction and establishing functional objectives in line with organizational objectives.

● Establishes finance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; and implementing change.

● Develops organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement; and accumulating capital to fund expansion.

● Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; and developing action plans.

● Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.

● Maximizes return on invested funds by identifying investment opportunities and maintaining relationships with the investment community.

● Reports financial status by developing forecasts, reporting results, analyzing variances, and developing improvements.

● Updates job knowledge by remaining aware of new regulations, participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations.

● Accomplishes finance and organization mission by completing related results as needed.

Qualifications, skills, and experience

● Degree in Accounting, Finance or Business Administration preferred.

● CPA, CFA, or similar License strongly preferred.

● Payment processing industry experience required.

● 10+ years of finance/accounting experience in similar fields.

● CFO or Controller or senior leadership experience in finance/accounting required.

● Solid GAAP and Financial Reporting Technical Skills.

● Fundraising, M&A & financial structuring experience.

● Experience with buy-side and sell-side mergers and acquisitions (e.g. net working capital adjustments, opening Balance Sheet accounting, contingent consideration monitoring, contracts, negotiations, etc.) and consolidation of financial operations - required.

● Able to demonstrate in-depth operational and valuation financial modelling experience.

● Have experience making effective decisions through the analysis of information and proficient deal analysis, negotiation, and execution.

● Have extensive knowledge of corporate finance and experience managing M&A processes through the entire life cycle of a merger or acquisition transaction.

● Experience with buyside due diligence and research.

● Successful track record managing transaction valuation and strategic transaction analyses.

● The ability to generate new M&A business is a plus.

● Financial planning and strategy

● Managing profitability

● Strategic planning and vision

● Quality management

● Promotion of process improvement

● Forecasting

● Corporate finance

● Budget development

● Experience overseeing external audits.

● Candidate must be based In: NYC area or Midwest (Flexible Relocation Assistance Available – see details above.)

● The company is unable to sponsor a Visa.