VP, Finance

This position reports directly to the CEO and COO.

• Develop and execute the strategic vision for the Finance team in alignment with the goals. Identify and implement innovative solutions to enhance finance operations and services.
• Responsible for ensuring business continuity requirements are met for the Finance team operations function.
• Prepare and present accurate and prompt financial reports, including monthly, quarterly, and annual financial statements to senior management.

• Develop and execute the company's financial strategy to support overall business goals and objectives.
• Provide financial insights and recommendations to the COO and executive team to drive profitability and growth.
• Lead financial planning, forecasting, and budgeting processes, ensuring accuracy and alignment with strategic initiatives.
• Perform financial analysis on campaigns and initiatives to ensure company objectives are achieved.
• Review financial results and key metrics with key stakeholders, assess and quantify risks, monitor deliverables, and recommend actions to improve profitability and financial position. Financial Management:
• Oversee all financial activities, including accounting, budgeting, treasury, tax compliance and payroll.
• Monitor and analyze financial performance, identify areas for improvement and implement corrective actions.
• Establish and maintain strong internal controls and compliance with accounting standards and regulatory requirements.
• Management of daily and monthly settlement activity with company"s sponsoring banks for company"s various fintech products such as acquiring and ACH.
• Negotiate and/or review vendor contracts.
• Management of residuals and commissions paid out to company"s reseller and various sales or referral partners.
• Liaise with outside accountants for the timely completion of Company"s Annual Review.
• Review monthly financial reporting from processors to ensure income and expenses are computed accurately.
• Collaborate with collections, legal and risk teams to address and mitigate merchant-related losses.
• Stay updated on industry trends, regulatory changes, and best practices to proactively address potential risks. Financial Reporting
• Prepare and file appropriate local, state and federal regulatory filings.
• Oversee and manage month end and annual financial reports for Board.
• Prepare and update monthly financial forecasts.
• Monitor KPIs to ensure established targets are achieved.
• Prepare timely reporting on portfolio losses
• Manage portfolio analysis to identify merchants and/or agents are being properly billed
• Working on projects as needed and assigned by Company leadership.
• Prepare models and analyses on an ad hoc basis.
• Lead and mentor the finance and accounting team, fostering a culture of excellence, collaboration, and continuous improvement. Identify training and development needs to enhance team skills and knowledge.
• Set clear performance objectives, conduct regular performance evaluations, and provide guidance and development opportunities.
• Promote a strong ethical and compliance culture within the finance department and across the organization. Supporting specialized projects on as-needed basis as directed by Department or Company leadership.
• Other duties as assigned.