Head of Business and Finance Operations, Commcise

Commcise is bringing transparency and precision to institutional investment research offering independent, cloud-based, fully-integrated commission management and research valuation solutions to the buy-side, sell-side and research providers through its COMMCISEBUY, COMMCISESELL and COMMCISECS product suite. Commcise’s clients include some of the largest institutional asset managers, hedge funds, brokers and research providers in the world.

Commcise is collaborative FinTech company with offices in London, New York, Bangalore and Delhi. Commcise is a company of Euronext, the leading pan-European exchange in the Eurozone. The company is accelerating its growth strategy and is seeking qualified candidates to help lead the way.

Commcise is a company of Euronext, the leading pan-European exchange in the Eurozone.

The Head of Business and Finance Operations will play a crucial role in driving the business strategy and will be responsible for overseeing all operational aspects. This position requires a dynamic leader with experience in operations of software companies. The candidate needs to be familiar with accounting, treasury, finance systems and processes as well as risk management and controls. The candidate needs to have strong operational management skills, and a strategic mindset. The successful candidate will ensure the smooth running of all operational processes and contribute to the overall growth and success of the business.

Commcise has recently developed a custodial aggregation service which requires new skills and competencies to manage, notably the growth of the payment activity related to the custody of client funds (cash management, payment of client vendor’s invoices).

Key Accountabilities

• Strategic Leadership: Develop and implement operational strategies that align with Commcise’s business objectives, focusing on enhancing efficiency and scalability. Lead Business Operations team being primary and key contact for internal and external stakeholders.
• Payment Operations Management: Oversee the end-to-end payment operations process, ensuring accuracy and timeliness in all transactions.
• Cash operations: Manage cash  related to business operations, ensuring accurate and regular reconciliations between cash collected, cash used and transfers. Ensure full reconciliation of customers cash positions over all the systems in use.  Oversee liquidity forecasting, and risk assessment, including FX exposures management, to ensure financial stability. Ensure accurate documentation to allow auditability and Finance independent control.
• Accounting and Account Receivable: Ensure compliance with accounting standards and regulations, managing financial reporting and audits as necessary. Manage billing to customers within Finance closing period calendar ensuring accuracy and correctness of amounts, fiscal compliance and regular availability of accounting files. Be responsible of billing amount calculation, for fees and sweep cash calls. Process Improvement: Identify and implement process improvements to streamline operations and reduce costs, leveraging technology and best practices.
• Team Leadership: Build and lead a high-performing and compact operations team, fostering a culture of collaboration and continuous improvement.
• Cross-Functional Collaboration: Work closely with finance, IT, and other departments to ensure seamless integration of operations and financial processes.
• Optimise operational workflows and systems to enhance efficiency and reliability.
• Manage the financial performance of the business, including budgeting, forecasting, and P&L management.
• Compile and analyse metrics, produce business strategy analyses, simulations and reports around client activity and profitability, sales performance and related bespoke analysis.
• Build, enhance and support external relationships with strategic partners, vendors and other third party service providers.
• Foster a culture of continuous improvement, accountability, and excellence.

Knowledge, Skills and Experience Required

Experience

• At least 5 years of experience in Finance operations and accounting, preferably within the financial services sector. Experience in a leadership role will be highly considered.

Education

• MBA or equivalent degree in Finance, Business, Economics, or a related field.

Skills

• Master accounting and Finance operations
• Understanding of the financial services industry
• Interest in technology and software
• Strong analytical, problem-solving and financial modeling abilities.
• Strategic thinking and ability to drive business growth.
• Superior organisational and project management skills.
• Strong communication and interpersonal skills.
• Excellent leadership and team management skills.
• High level of integrity and professionalism.
• Ability to work in a fast-paced and dynamic environment.