Chief Financial Officer

Scope of Work and Responsibilities for CFO at SeaTrain Technology
Position Overview
The CFO will manage the company’s financial health, oversee budgeting and forecasting,
ensure compliance with relevant laws and regulations, manage financial risks, and play a
strategic role in SeaTrain’s growth. Initially focused on supporting a small C-suite team,
this role will rapidly evolve to accommodate significant expansion.

Key Responsibilities and Obligations:
1. Financial Strategy and Planning

• Explanation: The CFO develops and manages the overall financial strategy
  to support company growth.
• Responsibility: Creating budgets, financial forecasts, and planning financial
  activities.
• Real-Life Application: When SeaTrain moves from prototype to mass
  production of modular submersible gliders, the CFO will establish financial
  plans that ensure enough funds are available to pay suppliers, shipyards,
  and operations, preventing costly delays.

2. Compliance with Florida and Federal Financial Laws

• Explanation: The CFO ensures the company follows financial regulations
  set by Florida state and federal laws, including tax laws, employment laws,
  securities regulations, and financial reporting standards.
• Responsibility: Overseeing timely and accurate filings with agencies like
  The Florida Department of Revenue, IRS, and any relevant maritime
  industry regulations.
• Real-Life Application: If SeaTrain raises capital through investors, the CFO
  would oversee SEC compliance, ensuring accurate financial disclosures to
  investors to avoid fines or legal issues.

3. Managing Company Finances and Cash Flow

• Explanation: The CFO oversees how the company spends and receives
  money, ensuring funds are always available to operate smoothly.
• Responsibility: Supervising accounting, invoicing, payroll, and maintaining
  strong cash reserves.
• Real-Life Application: During SeaTrain’s initial growth, the CFO ensures
  that significant funds needed for building initial fleets of cargo gliders are
  allocated efficiently, ensuring bills are paid on time and cash flow remains
  healthy.

4. Raising Capital and Investment Management

• Explanation: The CFO secures funds from investors or loans to finance
  company growth.
• Responsibility: Negotiating with investors, banks, and other financial
  institutions, managing relationships and terms of funding.
• Real-Life Application: When SeaTrain requires additional funding beyond
  the initial $10 million, the CFO will lead financial presentations to
  potential investors or negotiate bank loans to finance larger-scale operations
  or acquisitions.

5. Risk Management

• Explanation: Identifying financial risks and creating strategies to minimize
  their potential impact on the company.
• Responsibility: Insuring assets, managing financial liabilities, and
  safeguarding the company’s financial assets.
• Real-Life Application: Given SeaTrain’s involvement in international
  maritime shipping, the CFO would manage risks such as currency
  fluctuations, geopolitical instability, or operational risks, ensuring financial
  losses are prevented or minimized.

6. Financial Reporting and Transparency

• Explanation: Maintaining accurate financial records and clearly
  communicating financial health to stakeholders (board members, investors,
  regulators).
• Responsibility: Preparing financial statements (income statements, balance
  sheets, cash flow statements) and financial analyses.
• Real-Life Application: Quarterly and annual reports will be prepared clearly
  and accurately for board meetings, ensuring investors understand how well
  SeaTrain is performing financially.

7. Strategic Leadership and Decision Making

• Explanation: Participating actively in strategic decisions with the rest of the
  C-suite, advising on financial implications of business decisions.
• Responsibility: Helping other executives understand financial impacts of
  operational decisions.
• Real-Life Application: If SeaTrain considers mergers or acquisitions to
  dominate the market, the CFO evaluates potential companies, conducts
  financial due diligence, and advises on the best financial strategies to
  enhance profitability and market share.

8. Tax Planning and Optimization

• Explanation: Ensuring SeaTrain takes advantage of favorable tax conditions
  and incentives offered by Florida and federal authorities.
• Responsibility: Planning tax strategies to reduce tax liabilities legally and
  efficiently.
• Real-Life Application: Utilizing research and development tax credits
  provided by Florida to lower taxable income, saving SeaTrain money that
  can be reinvested into business growth.

9. Oversight of Internal Controls

• Explanation: Ensuring financial processes are secure and effective,
  protecting against fraud, mistakes, or compliance breaches.
• Responsibility: Establishing policies and procedures for financial
  transactions and monitoring their implementation.
• Real-Life Application: Implementing strong internal controls early ensures
  financial accuracy and transparency, protecting SeaTrain from potential
  internal fraud or financial mismanagement as operations expand globally

10. Sustainability and Corporate Responsibility

• Explanation: Aligning SeaTrain’s financial activities with its core value of
  sustainability.
• Responsibility: Integrating sustainability into investment decisions and
  financial reporting.
• Real-Life Application: The CFO might decide to invest company funds into
  eco-friendly technologies or sustainable initiatives, reinforcing SeaTrain’s
  commitment to environmental responsibility, which is attractive to investors
  and clients.

Florida-specific Legal Considerations

• Sunshine Laws: Transparency in dealings with any public-sector clients or
  state investments.
• Corporate Taxes: Florida’s favorable corporate tax laws and incentives for
  startups and technology companies can greatly benefit financial planning.
• Employee Benefits and Payroll: Compliance with state-specific
  employment and payroll laws to avoid penalties.