Under general direction from the Director of Operations & Trading, this position has broad ranging responsibilities in the day-to-day activities of City Securities Corporation’s Middle Office.  The incumbent uses knowledge and skills acquired through applicable experience and education to develop processes and procedures that align with departmental and firm-wide goals and strategies.  Supervises staff of 5 in performing daily functions and assists staff in more difficult assignments that are broad in nature.  Collaborates with managers and supervisors within department and the firm to provide comprehensive solutions to complex problems.  Extensive contact with internal (limited external) clients may be required to identify, research, analyze and resolve complex issues. 

Candidate interprets, applies and recommends changes to organizational policies and procedures; keeps abreast and maintains working knowledge of industry developments; establishes objectives and develops processes and procedures to ensure efficient and timely work flow. Performs periodic reporting on work progress, project completions and additional ad-hoc reporting as required; balances conflicting resource and priority demands; and, ensures effective coordination between assigned functional area and other areas within the firm.

Performs supervisory duties: Plans, assigns, monitors, reviews, evaluates and leads the work of staff; coaches and mentors staff, identifies training needs and recommends developmental plans. Incumbent also evaluates performance and identifies performance challenges, recommends corrective action and assists with interviews and the selection of staff.

Position Responsibilities:

Daily Activities:

• Oversees day-to-day performance of Operations Clearing, including guidance of staff and decision making on changes that improve performance and service to  internal clients;
• Management and supervisory responsibilities for Operations Clearing;
• Responsible for approval of service request items and supervision of department staff delegated to approve service requests;
• Approves cashiering check deposits (downtown and branches);
• Maintains a strong working relationship with the firm’s clearing agent, First Clearing Corporation (FCC), and stays current with any changes to FCC’s policies, procedures, systems and personnel.

Weekly Activities:

• Reviews securities log and principal sign-off;
• Participates in weekly Operations Clearing staff meetings

Monthly Activities:

• Attends FCC Operational conference calls;
• Holds one-on-one meetings with direct reports;
• Meets with Director of Operations to discuss strategies, performance, ideas, projects, concerns, etc.;
• Provides direction for, gives feedback on, and participates in training sessions held for internal clients

Quarterly Activities:

• Performs quarterly stock audit and principal sign-off

Activities As needed:

• Assists in the preparation and fulfillment for regulatory audits;
• Serves as substitute in the absence of the Director of Operations;
• Participates in FCC beta testing projects;
• Leads or participates in projects based on business needs;
• Contributes to the regular review of Written Supervisory Procedures (WSP) & Investment Advisory (IA) manuals; collaborates with other Operations Clearing staff and  Compliance to ensure written policies align with operational procedures;
• Responsible for ensuring the Cashiering Manual is current based on changes that take place with policies and procedures as well as for training and education purposes

Requirements:

This position requires a bachelor’s degree, preferably in a business-related area.  A minimum of five years of related securities-industry experience is required with a broad ranging knowledge and experience in the areas of Compliance, Sales, and Operations with a Broker Dealer.  Strong client service skills and excellent research skills are also necessary.  Works independently and possesses strong management skills as demonstrated by a minimum of 2 years of experience in a managerial role.  Requires knowledge of Microsoft Office Suite and the ability to quickly learn other software applications associated with the securities industry.  Must be extremely detail oriented, keep outstanding records and keep very organized files.  Licenses required include FINRA Series 7 and 63.  The FINRA Series 24 must be obtained within nine months from start date.  Must possess and be able to demonstrate effectiveness with each of the following Key Attributes.

Key Attributes:

§High degree of accuracy, attention to detail and  well organized

§Outstanding client service and follow-up skills

§Ability to function well in a team environment

§Strong interpersonal and  communication skills

§Ability to effectively administer sensitive and confidential information

§Professionalism/Ethics (Trust, Respect, Integrity, Attitude, Commitment)

City Securities Corporate Finance Group offers investment banking services to middle-market Indiana and Midwestern companies with revenues typically ranging from $10 million to over $1.5 billion in many industries including manufacturing, distribution, business services, agriculture-related operations, utility services, health services, and financial services. City Securities Corporate Finance is an Indiana company and we want to help our fellow Indiana and Midwestern companies with their needs in regard to selling all or a portion of the company, recapitalization, or growth capital. What sets City Securities apart is our commitment to providing the best possible service and execution to clients. The Corporate Finance Group accomplishes this with its expertise, regional market knowledge, extensive investment resources, and willingness to listen and help our clients achieve their goals.

Position Summary:

The VP will be one of the leaders of the Corporate Finance department at City Securities Corporation.  As such, will need to build a network from which the candidate can engage opportunities with clients and manage them to a close with assistance from others in the within the department.  The services provided by the group are in the arena of sell-side M&A, buy-side M&A, and capital raise or recapitalization opportunities. Candidate needs to understand the concepts of these services so as to market them to the potential clients. Experience in some or all of these areas is required.

Specific Duties include:

• Works well with the others within the group.

• Focuses on results and long-term client satisfaction.

• Assists in determining the size of any offering, the creation of various financing plans, the valuation or structure of certain proposals, and the pricing of securities for companies being underwritten.

• Advises companies on merger and acquisition opportunities and/or strategies.

• Conducts and assists or oversees the analysis of client or prospective client financial information, including the analysis of balance sheets, income statements, cash flows, pro-forma statements, and assisting to derive a valuation model(s) based upon this information.  Incorporates financial information into a larger financial model for the purpose of comprehensive company analysis, including but not limited to, company valuation and identification of areas in which the Corporate Finance Group can add strategic value to the client company.
• Conducts or oversees company and industry or market research, including public and proprietary information, in conjunction with current and prospective clients.  Identifies information of strategic value in obtaining new clients, including company financial information, management background information, industry specific information, and general market information.  Presents findings in clearly and efficiently written, summary format to other Corporate Finance principals as well as clients or prospective clients.
• Oversees and directs content development (qualitative and quantitative) and production of materials to be used in business prospecting and delivery of services to existing clients.  Materials developed include general information regarding City Securities Corporation and the Corporate Finance Group in particular, in addition to a summary of collective findings based on information referenced in the position summary above.
• Works closely with Senior Financial Analysts and Financial Analysts in their duties, which includes assigning tasks and reviewing deliverables for distribution to the principals of the Corporate Finance Group or relevant third parties.  
• Oversees and works with client and relevant third parties to coordinate and manage various transaction due diligence responsibilities related to client-transactions of the Corporate Finance Group.  Among others, these responsibilities include written and verbal correspondence with clients or other service providers to clients (e.g., accountants, attorneys, bankers, etc.) necessary to manage due diligence appropriately.
• Based on business needs, assists or oversees and directs the details of working with investors on getting an investment transaction completed. This includes, but is not limited to, drafting and coordinating the various documents required throughout a transaction, such as Confidentiality Agreements, Prospectuses, addendums, Offering Memoranda, Subscription Agreements, Notes, or other documents.  

• Candidate may assist department supervisor in the guidance and training of junior and intermediate level employees.

• Assist with any related tasks to meet the goals of the Corporate Finance Group, including but not limited to any of the aforementioned items, as requested by the principals of the Group, as they come up from time to time.
• The VP reports to the Executive Vice President of Corporate Finance.

Requirements:

Position requires a four-year college degree in business, finance or economics or a related area, master’s degree preferred. Expert knowledge of appropriate procedures and business concepts, and at least five years of relevant experience required as well as FINRA license series 7.  Candidate must be familiar with and will adhere to all securities laws and regulations, is expected to meet certain revenue requirements, which will be discussed and modified from time to time depending upon experience, pipeline, and economic cycle. Candidate has access to confidential in-house information and should be treated as such, with the utmost confidentiality pursuant to all securities regulations. Candidate must be proficient in Microsoft Work, Excel and PowerPoint.  Must possess and be able to demonstrate effectiveness with each of the following Key Attributes.

Key Attributes:

• Strong analytical and interpersonal skills
• Strong oral and written communication skills
• Strong, proactive research and problem-solving skills  
• Ability to generate and complete a pipeline of business
• Ability to effectively manage and administer sensitive and confidential information
• Must have strong initiative and be able to work with little guidance & supervision
• Professionalism/Ethics (Trust, Respect, Integrity, Attitude, Commitment)
• Understanding of key business issues
• Responsible to remain with the industry securities guidelines and remain within the firm’s compliance guidelines.

City Securities Corporation is experiencing significant growth and is searching for qualified Financial Advisor candidates for our Private Client Group.  This position functions as a client’s Financial Advisor and is one of the primary reasons our clients select us for their investment needs.  In order to be qualified to become a Financial Advisor at City Securities Corporation, we require a bachelor’s degree and a FINRA Series 7 and 63 licenses.  This position is highly entrepreneurial and involves extensive client development, prospecting, and the ability to recommend an appropriate investment program to satisfy client goals and objectives.  If you are a high-achiever with a strong work ethic, please contact us.

City Securities Corporation

Attn: Human Resources

30 South Meridian Street, Suite 600

Indianapolis, IN  46204

Fax (317) 808-7259

Email hr@citysecurities.com