Chief Financial Officer

About the job

Founders First Capital Partners Inc. (FFCP) is looking for a Chief Financial Officer (CFO) who is ready to grow within an exciting, high growth, early stage, institutionally financed start-up. The CFO will work closely with the CEO and play a critical role in shaping FFCP’s financial strategy, driving financial performance, and ensuring sustainable growth. As the CFO you will be a key member of the executive leadership team, responsible for overseeing and managing all financial activities of the organization. The ideal candidate will have a proven track record of success in start-up environments and commercial specialty finance.

About Us: Founders First Capital Partners, Inc is the nationally recognized leading provider of growth funding and business growth advisory support to diverse founder-led small businesses. We provide revenue-based funding and business acceleration support to service-based small businesses located outside of major capital markets such as Silicon Valley and New York City. We focus on supporting businesses led by women, people of color, Hispanic, LGBTQ+, military veterans, diverse teams and businesses located in low to moderate-income areas.

Physical Setting: San Diego Office (Onsite Monday-Thursday; Optional remote Fridays)

Pay: $150,000 – $180,000, plus annual bonus

CFO Responsibilities:

●     Capital Strategy Planning and Implementation:

○     Assist CEO with design and implementation of various special purpose vehicles (SPVs) for funding and holding commercial loans

○     Lead the work of various support vendors to address compliance and

to implement and manage various funding structures

○     Lead the accounting team perform all reporting, tax and

audit procedures for the parent company and various fund structures

○     Assist CEO and investor relations team with communications of financial performance to support existing and new investor relationships.

●     Financial Strategy and Planning:

○     Provide strategic financial guidance to the CEO and other key stakeholders

○     Develop and execute the company’s overall financial strategy in alignment with the business goals and objectives

○     Monitor budget variance against Annual Operating Plan

○     Monitor financial performance, identify areas of improvement, and recommend corrective actions

●     Financial Reporting and Analysis:

○     Prepare and present accurate and timely financial reports and metrics, including monthly, quarterly, and annual statements, to the executive team and board of directors

○     Review daily cash activities and balances for accuracy and accountability of Company’s Cash Accounts. Responsible for creating and managing short to long term Cash projections

○     Establish/Manage/Monitor Company’s Credit Facility including fulfilling reporting requirements

●     Funding and Investor Relations:

○     Collaborate with the CEO and head of Investor Relations to develop and execute fundraising strategies, including debt and equity financing, venture capital, and strategic partnerships

○     Support the preparation and delivery of investor presentations and financial documents to support fundraising efforts

○     Oversee investor disbursements, closings and related reporting.

●     Risk Management and Compliance:

○     Assess and mitigate financial risks, ensuring the company’s financial stability and compliance with applicable laws and regulations

○     Oversee annual audit, tax planning, compliance, and reporting activities

○     Establish and maintain relationships with external auditors and other professional advisors

Manages a staff that includes a team of 3 consisting of finance and accounting business unit.

Required Qualifications:

●     Bachelor’s Degree in Accounting, Business Administration, Finance or Economics or equivalent experience required

●     Master’s, CPA or CFA degree or certification preferred

●     10+ years’ experience in treasury management, focusing on cash management, investment management, and cash flow forecasting

●     8+ years’ experience in developing and managing corporate annual operating plans

●     Capital facilities structuring, fundraising with specialty finance organizations experience strongly preferred.

Skills:

●     Excellent written and verbal communication skills

●     Demonstrated ability to build strong relationships across functional area

●     Critical thinker, detail oriented and motivated professional

●     Ability to work with big data sets and adept at leveraging technology options to efficiently support the needs of the business

●     Comprehensive understanding of banking systems and products

●     Strong experience with establishing corporate short to mid-term operational plans

●     This position requires extensive decision making and problem-solving techniques for all finance related issues

Benefits:

●     Stock option plan

●     401(k) plan

●     Medical insurance

●     Dental insurance

●     Vision insurance

●     Health Savings Account

●     Life insurance

●     Disability insurance

●     Paid time off