Senior Vice President/Controller

About Wealth Enhancement

Wealth Enhancement is an independent wealth management firm with an endless passion for enriching the lives of our clients. We continually seek to perfect our craft of personalized financial planning with our team-based Roundtable and UniFi processes that go far beyond the standard approach. We proudly provide unique financial plans and investment management services to over 75,000 households from our over 100 offices - and growing - nationwide.

Since 1997, Wealth Enhancement has tirelessly raised the standard of wealth management with specialized knowledge and more attentive service that helps every client craft their future. For more information, please visit www.wealthenhancement.com.

Due to growth, we have an excellent opportunity for Sr. Vice President/Controller who will oversee all accounting operations at WEG, ensuring accurate financial reporting in compliance with GAAP, SEC and other regulatory requirements and overseeing the financial controls associated with these activities. 

The salary target for this role is $255,000.00 to $275,000.00 depending on experience. This role is also eligible for an annual corporate bonus.

We select our initial compensation target using national compensation survey data. When we make an offer, we then factor in things like tenure, performance, and geographic location to come up with the most accurate numbers. We encourage you to apply and provide us with your compensation expectations when you do. We’re big on open conversations, so, let’s have one. 

Primary Job Functions:

Drive accounting results

• Direct all aspects of accounting operations, overseeing all transactions related to general ledger, receivables, payables, fixed assets, payroll, equity, hedges, debt and purchase accounting

• Oversees calculation and proper accounting for all accruals and reserves (revenue accruals, advisor compensation accruals, errors reserve, bad debt, legal reserves, benefit accruals, post-closing consideration, etc.).

• Understand the complexities of each new, unusual or material transactions to ensure compliance with GAAP.

• Coordinate monthly close timing and ensure adherence to schedule.

• Establish KPIs, monitoring process for metrics and reporting standards.

• Ensure all accounting policies adhere to GAAP, SEC and FINRA standards.  Remain up-to-date on all proposed legislation and accounting guidance updates.

Develop and lead the accounting team

• Leads, coaches and develops the accounting department (25+ members).

• Promote continuous improvement through leadership, guidance and education.

• Drive operational efficiencies to reduce monthly close timing from 8 days to 3 days.

Oversee external financial audits (Consolidated, Broker/Dealer, Trust Co, 401k plan, etc). 

• Serve as the primary interface to SEC, FINRA, bank and external audits.

• Responsible for annual selection and relationship management of external financial auditors.

• Plan the audit process and timeline.  Ensure proper resources are available and adequately trained to achieve clean audits.

• Coordinate the work requested for both internal and external audits of the company financial records and implement agreed-upon recommendations related to areas of responsibility resulting from audit findings.

Develops and/or enhances, implements, and enforces policies and procedures by way of systems that will improve the overall operation and effectiveness of the organization.

• Establish technical accounting guidance policies and ensure accounting memos are updated timely.  Review all new or unusual transactions with CFO to ensure alignment.

• Drive a daily focus on continuous improvement and utilization of GL system functionality (Workday), written procedures, standardized processes, etc.

• Oversee accounting and operational processes for M&A activity.  Develop standard processes for firm integration and a reporting process for all non-standard decisions.

• Build or enhance internal controls on key risk areas.  Enforce compliance of all internal controls to maximize protection of company assets, policies, procedures and workflows.

• Establish review and sign off process to ensure accuracy of regulatory reporting. 

• Ensure completeness of all books and records

Education / Qualifications

• Bachelor of Science required

• MBA/CMA/CPA preferred

• 10+ years in a related role is req