Senior Finance Director

NewEdge Advisors; New Orleans (LA); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Health, dental, vision

401(k) match + PTO

Relocation assistance

Job summary

NewEdge Advisors, a division of NewEdge Capital Group, seeks a senior finance director to own budgeting, forecasting, and the divisional P&L. This hands-on leader will work closely with the CEO, orchestrating month-end close, intercompany coordination, and data-driven decision support for advisor economics across 1099 and W-2 models.

You will build scalable processes, partner with the data function, and mentor a small finance team of two as the platform grows in New Orleans.

Qualifications

• 10+ years of progressive finance experience in wealth management or securities-industry organizations.
• Hybrid RIA/broker-dealer platform experience strongly preferred.
• Hands-on custodian and clearing economics experience with major providers.
• Advanced Excel and BI tool proficiency required.

Responsibilities

• Own NEA’s annual budget, quarterly reforecasts, and long-range plan with advisor group revenue.
• Lead monthly operating reviews with the CEO and leadership team.
• Manage P&L in partnership with parent-company finance, including intercompany dynamics.
• Partner with data function to capture and analyze KPIs.
• Lead a lean finance team and build scalable processes.
• Own data requests, KPI definitions, and standardized reporting.

Skills

Finance leadership

Wealth management

P&L management

Budgeting & forecasting

Data analytics

Billing & revenue operations

Intercompany accounting

ERP systems

Stakeholder collaboration

Strategic thinking

Education

Bachelor’s degree in Finance, Economics, Accounting, or related field

FINRA SIE, Series 7, and/or 65/66 a plus

Tools

Softek

Orion

Salesforce

Dynamics 365

Power BI

Tableau

Job description

NewEdge Advisors (NEA) is a division of NewEdge Capital Group (NECG), a national wealth management platform with ~$100 billion in client assets. NEA supports advisors across two models: independent advisor groups operating on a 1099 basis, and W-2 firm-owned advisor teams. The platform provides the technology, transition support, compliance infrastructure, and practice economics that let advisors serve clients and grow. NEA is headquartered in New Orleans and is one of the fastest-growing platforms in wealth management.

The Role

NEA is hiring a senior finance director. This is not a corporate accounting seat — consolidated accounting, audit, tax, and treasury sit at the parent company. Nor is it a purely strategic seat: this is a player-coach role for a finance leader who owns NEA’s financial narrative, planning, and analysis, and is equally hands‑on in the machinery underneath it — month-close, reconciliations, billing accuracy, and the data controls the business depends on — supported by a small finance team of two.

The right candidate wants to be neck‑deep in the business: advisor economics across both affiliation models, recruiting and acquisition economics, custodian and clearing economics, revenue integrity, unit-level profitability — and takes personal ownership of the numbers being accurate, insightful and timely.

What You’ll Own

• Own NEA’s annual budget, quarterly reforecasts, and long-range plan, including revenue build by advisor group and channel (1099 and W-2), payout and compensation economics, and expense architecture
• Lead monthly operating reviews with the CEO and leadership team; translate results into decisions, not just reporting
• Manage NEA’s P&L in close partnership with the parent-company finance team, including intercompany and overhead allocation dynamics
• Partner with the maturing data function to capture and analyze KPIs
• Lead a lean divisional finance team of two, responsible for administrative and production support across monthly close, reconciliation, reporting, and data requests
• Set the team’s priorities, quality standards, and development; build processes that scale with the division rather than headcount

Financial Operations, Month-Close & Billing Oversight

• Own BU-level financial controls in coordination with parent-company accounting
• Monitor and oversee the month-end close process to ensure accurate divisional revenue and expense data flows to NEA leadership and NECG finance for consolidated financials
• Reconcile transactions, fees, and payouts by collecting and comparing data across multiple sources — custodial platforms, the firm’s portfolio accounting and reporting systems, and compensation systems.
• Work with the firm’s systems and reporting infrastructure to generate insightful financial information — including ensuring Softek outputs what NECG finance needs for consolidated reporting, planning, and analysis
• Maintain a structured partnership with the Operations-managed billing team — finance holds a dotted-line view into billing processes, exception trends, and system changes affecting revenue, while day-to-day billing execution remains with Operations
• Ensure client billing matches financial expectations, and be able to answer questions on when and why it diverges: audit client fee billing & rebate accuracy, reconciliation of billed-to-collected-to-booked revenue, fee schedule and payout validation & testing, and identification of revenue leakage or billing exceptions
• Maintain accurate RIA and custodial reporting and documentation to support audit and regulatory requests

Data Integrity & Insight Infrastructure

• Own data request management and controls for the division: a disciplined intake, prioritization, and validation process for financial and business data requests, so leadership, the board, and the parent company get consistent answers from a single source of truth
• Ensure the accuracy of KPIs (net new assets, advisor retention, revenue per advisor, channel-level margin), including the definitions, methodology, and controls behind them
• Create and manage repeatable, standardized monthly and quarterly reporting for NEA leadership and advisor teams: AUM, brokerage and advisory production, profitability by team and advisor, and account-level summaries
• Build and standardize the division’s data and insight needs so key analyses are readily available on demand — systematized through platforms like Softek rather than rebuilt ad hoc
• Synthesize data across Finance, HR, and Operations as needed
• Build and maintain unit economics across both affiliation models: 1099 payout structures, W-2 compensation and partnership frameworks, transition assistance, and forgivable-loan economics with breakeven and payback analysis
• Support leadership and advisors with data modeling, forecasting, and analysis for both current and prospective advisor teams
• Own the economics of the full revenue stack — advisory fees, brokerage/commission flows, and the BD/RIA revenue architecture that sits behind them
• Model and manage custodian and clearing economics: cash sweep revenue, asset-based pricing, ticket charges, custodial support arrangements, and the negotiating leverage that comes with platform scale
• Track cohort performance of recruited advisors and acquired teams against underwriting assumptions and surface variances early

M&A Finance Coordination

• Partner with the platform’s dedicated M&A team on deals affecting NEA: assess how transactions will impact the division’s financials, integration economics, and operating plan
• Ensure board-facing M&A reporting and projections are realistic, accurate, and reconciled to how deals actually perform post-close
• Serve as the finance voice on integration planning — payout migration, expense absorption, and synergy tracking against deal model

Proactive Analysis & Decision Support

• Identify margin drivers and leaks before they show up in results — pricing, payout drift, sweep-rate sensitivity, vendor spend, technology transition costs
• Build the dashboard and reporting infrastructure the leadership team runs on: EBITDA bridges, channel-level profitability, cohort performance
• Pressure-test business cases for growth investments, new capabilities, and platform initiatives

Board & Sponsor Support

• Prepare divisional materials for board reporting and sponsor reviews; own the NEA financial narrative including growth-investment framing and margin trajectory
• Support diligence workstreams for platform-level M&A and capital events as they affect NEA

Partnership with Parent-Company Finance

• Serve as NEA’s primary interface with the NewEdge Capital Group CFO and accounting/finance organization
• Ensure divisional reporting, allocation methodology, and planning cadence align with holding-company requirements

Who You Are

• 10+ years of progressive finance experience in wealth management or securities-industry organizations providing investment advisory services; hybrid RIA/broker-dealer platform experience strongly preferred
• Working fluency in BD and RIA economics — advisory vs. brokerage revenue dynamics, payout grids across affiliation models, regulatory capital considerations, and hybrid-model margin drivers
• Hands-on custodian and clearing economics experience: sweep programs, asset-based pricing, ticket charges, and clearing arrangements; direct experience with Fidelity, Schwab, Raymond James, Goldman Sachs and/or LPL clearing preferred
• Strong systems and data orientation: experience making wealth platforms (portfolio accounting, billing, compensation, and reporting systems such as Softek, Orion, Salesforce) produce reliable, decision-ready output — and building the automated controls that keep it reliable; general ledger experience (Dynamics 365) a plus
• Advanced Excel required; working proficiency in BI tools (Power BI, Tableau) strongly preferred
• Familiarity with advisory fee billing operations and revenue cycle in an RIA/BD environment — fee schedules, billing systems, householding, rebates, and the reconciliation chain from client account to firm revenue
• M&A finance fluency: ability to assess deal impact on divisional financials, validate projections, and track post-close performance against deal model
• Deep FP&A and business-partnering background; owned a P&L narrative, not just consolidated one
• Experience leading small, high-output finance teams — comfortable delegating production work while staying close enough to catch what’s wrong
• Demonstrated ability to document complex processes and implement quality-control frameworks across a firm
• PE-backed company experience a strong plus — you know what sponsor-grade analysis looks like and can produce it under time pressure
• Builder mentality with genuine willingness to work hands‑on: comfortable creating and running the analytical infrastructure, rather than inheriting it
• Low ego, high ownership; equally effective with advisors, executives, and board members
• Based in or willing to relocate to New Orleans; this is an in‑person leadership role
• Bachelor’s degree in Finance, Economics, Accounting, or related field; [FINRA SIE, Series 7, and/or 65/66 a plus]

Who We Are:

NewEdge Capital Group provides best-in-class technology-enabled solutions and support services to financial advisors and their clients. Comprised of NewEdge Wealth, NewEdge Advisors, and NewEdge Securities, they have over $100 billion in client assets and support over 450+ financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts.

What We Offer:

Compensation will be comprised of a base salary and an opportunity to qualify for bonus(es) or commissions. NewEdge Capital Group's benefit package includes health, dental, vision, short-term disability, long-term disability, life insurance, PTO and 401(k) match (after applicable waiting periods).

Applications will be accepted on an ongoing basis.