Chief Financial Officer Position Profile

ABOUT RESOLVION

Drawing on 22 years of collaboration, expertise, and innovative technology, Resolvion is a leader in finding collateral where others have failed. Realizing every client has distinct requirements, Resolvion is able to deliver unequaled, highly scalable solutions that conform with the way their customer operates. At the end of the day, their goal is to complement their client’s internal processes and procedures, enabling potential reductions in expenses and risk. They have the experience to find and recover any car, light truck, RV, boat, motorcycle, recreation equipment, etc.

Whether their customer is a small or large volume lender, offering super-prime to deep sub-prime loans that are in a pre-charge-off or post-charge-off phase, Resolvion will produce effective results for their organization. Utilizing world-class skip tracing technology and state-of-the-art repossession and recovery tracking tools, Resolvion’s highly specialized team is working around the clock for our customers in the field. Customers can consider Resolvion’s network of over 750 properly insured, licensed, and trained repossession agencies and staff of highly skilled investigators, as an extension of their organization.

PURPOSE AND VALUES

We succeed by creating superior value.

Great Service: We believe in providing great customer service to our clients, partners, agents, and employees. This is one of the crucial aspects of our formula for success. Great service to our employees is providing leadership, opportunities for advancement, and the tools to succeed.
Growth and Development: We're devoted to providing lifelong learning opportunities to our staff. After we’ve chosen you and you have chosen us, you’ll go through many weeks of training and development to successfully complete your job duties. In addition to our support of ongoing training and development, we’re structured with leads and supervisors so that there’s always someone available to answer your questions. We’ll prepare you for success and ensure you have the necessary tools to perform and meet your goals.
Leadership: We believe in providing great leaders who demonstrate integrity, honesty, and open communication. Our leaders set clear expectations and lead by example. We commit to promoting from within so even you could be our next leader.
Equality: We believe in creating an environment of equality. We hire a diverse range of employees to create a mixture of unique backgrounds and experiences. We're committed to creating a culture of belonging and diversity.
Respect: We believe in treating everyone with respect. Whether you're the Vice President or a Case Administrator, you'll be treated with fairness and respect at Resolvion. We are committed to providing an organization of consideration and courtesy.
Work-Life Balance: We believe in a good work-life balance. We understand you have obligations outside of Resolvion. Although you may not want to leave, we encourage you to take time off.

ATTRACTION

Resolvion is a Tech-enabled financial services company that is one of the top four national players in its market.
Business does well in good economies and does even better in a recession (counter-cyclical).
Owned by two very well-respected PE funds. Opportunity to partner with them and develop a long-term relationship (combined they work with over 40 companies currently).
Resolvion provides services to approximately 75 percent of the top 30 auto lenders in America.
Coming out of the pandemic the company is rebuilding to $100mm+ revenue and $10mm EBITDA, so you get options struck at a lower value and the business is growing rapidly as the industry bounces back from the COVID interruption.
Opportunity to command a large department, with full permission to make the department their own and restructure the team as they see fit.
Quicker than usual payday. Get a full option package with a faster exit (2-3 years) since they have owned the business for 2-3 years.

ABOUT CHARLOTTE

Charlotte is one of the 25 largest cities in the U.S. and the largest city in North Carolina. Charlotte consistently ranks as one of the top growing cities and is home to more than 10 Fortune 1000 companies, including household names such as Bank of America and Lowe's. Charlotte is also home to the Carolina Panthers of the NFL, the Charlotte Hornets of the NBA, the NASCAR Hall of Fame, and the U.S. National Whitewater Center.

POSITION OVERVIEW

Reporting to the Chief Executive Officer, the ideal candidate has experience as a Chief Financial Officer of a service-based business, like health care, credit cards, banking, collections, or subprime lending, and will bring experience from companies with relevant scale and complexity, including a high degree of regulation and/or compliance. Candidates should have worked extensively with high transaction, complex billing processes, complex labor and productivity service businesses, and demonstrate a passion for continuous improvement, leveraging technology, and performance and financial measures to drive operational efficiencies. Prior experience in a leveraged environment with a disciplined approach to cash management, cost containment, and management of lender relationships is preferred but not required. An undergraduate degree in accounting or finance is preferred; M.B.A. or master's degree in finance and/or CPA is preferred.

The new Chief Financial Officer will be based in Charlotte, NC in order to lead alongside the Executive level management team and lead by example with a hunger for growth. Resolvion’s new Chief Financial Officer will provide informed and objective counsel on business issues and will offer technical and experience-based advice to peer executives and staff. Along with the rest of the executive leadership team, this individual should be a strong and proactive advocate for value creation. The primary focus of the role will be to ensure the ongoing development and management of financial processes, systems, accounting and controls, reporting, financial planning, and decision support, tax, compliance, and cash and balance sheet management. The Chief Financial Officer will be accountable for the finance functions, HR, business intelligence, and operations. The candidate that will be most successful in this role will be very technology-focused and data-driven in their reporting and decision making.

DUTIES AND RESPONSIBILITIES

Act as a thought partner with the Chief Operating Officer and operations team to deliver efficiencies across the organization.
Ensure the finance team has a clear and compelling vision of 'what great looks like and a plan around how to achieve it.
Lead the team in process improvements for the department to create effective and efficient forecasting and budgeting process.
The business is highly transaction-intensive and requires the coordination of the finance, operations, and IT functions to understand profitability and execute operational KPIs.
Advise critical business decisions to drive growth and actively contribute to the evolution and execution of strategic business plans, including strategic planning, organic growth, new products/markets, and M&A.
Create a culture and capability within the distributed finance function of continuous growth and improvement in profitability, managing costs, creating efficiencies, and mitigating.
Ensure the finance team provides timely insights into financial trends and forecasts as a catalyst to proactive business management.
As part of the executive team, drive culture and processes in line with company values and performance expectations.
Ensure appropriate risk mitigation through systematic risk assessment and risk mitigation tools and processes.

CRITICAL COMPETENCIES FOR SUCCESS

Results-Oriented

The new Chief Financial Officer must be performance-driven and able to provide measurable results. The successful candidate will be resourceful, action-oriented, and possess a proactive sense of urgency and the ability to overcome obstacles to produce results in a timely fashion. He/she will be comfortable in working in a lean organization, rolling up his/her sleeves to get things done. Achieving these goals while working in a collaborative environment will require the political savvy to know when to push for action and when to step back to build consensus.

Communication

This individual should possess very strong communication and persuasion skills, truly partnering with the leadership team. He or she should be comfortable, articulate, and dynamic in front of both external and internal audiences including members, senior leadership, and customers. She/he will be direct, candid, and possess strong conflict resolution skills.

Perspective

Strategic Agility

This individual will provide a worldly perspective of macro and industry influences to assist in guiding the company in new directions. He/she will provide perspective coming in from outside the organization to aid in the collective leadership team’s understanding and acceptance of trends, insights, changing business perspective, and management strategies. This keen perspective should be presented with patience and guidance rather than authority.

EDUCATION & EXPERIENCE REQUIREMENTS

Bachelor’s degree in Finance, Accounting or related field, Master’s Degree in Finance/ or CPA preferred.
10 years of experience in a financial management role.
5+ years of experience in a supervisory role with proven ability to manage direct reports.
Strong financial and analytical ability with demonstrated ability to operate financial systems.
Outstanding oral and written communication skills and the ability to interact with a broad constituency.
Results-oriented and high energy with the highest level of personal integrity.
Ability to multi-task in a fast-paced environment with the ability to prioritize work and meet deadlines.

FOR MORE INFORMATION PLEASE CONTACT:

Paul Herrerias

Title: Managing Director Email: pherrerias@comharpartners.com Direct: (415) 483-4116 Mobile: (415) 302-5300

Morgan Layton

Title: Director

Email: awatkins@comharpartners.com

Direct: (312) 313-8454

Mobile: (224) 805-9369