Head of Finance, Cofactr
$180-225k
+ Equity
Automated electronics purchasing platform
Be an early applicant
Automated electronics purchasing platform
1-20 employees
Be an early applicant
$180-225k
+ Equity
1-20 employees
Company mission
To make hardware as agile and scalable as software by leveraging better data and AI to build best-in-class tools for electronics supply chain management.
Role
Who you are
- This role is ideal for someone with experience in building and optimizing financial systems and processes that support sustainable growth
- They bring deep expertise in navigating the complexities of hybrid business models, seamlessly managing both recurring revenue streams and more intricate financial structures
- Experience in strategic finance roles, preferably within both SaaS and non-SaaS businesses, including startups or high-growth companies
- Hands-on experience managing financial operations for businesses with diverse revenue streams
- Proficiency in financial modeling, planning, budgeting, and reporting with the ability to derive insights from data
- Demonstrated success in designing and optimizing AP/AR systems and financial workflows
- Exceptional analytical and problem-solving skills with a strategic mindset
What the job involves
- We are looking for a strategically and systems-minded Head of Finance to lead our financial planning, modeling, and operational processes
- Develop and oversee financial operations, strategy, forecasting, and scenario modeling to drive sound decision-making and achieve company objectives
- Lead budgeting processes and establish robust planning frameworks to support operational and strategic goals
- Design and implement improved Accounts Payable (AP) and Accounts Receivable (AR) systems, ensuring scalability and efficiency
- Deliver timely, accurate, and actionable financial reports to internal and external stakeholders, ensuring clarity on business performance
- Leverage experience in SaaS and non-SaaS models to optimize financial structures across a range of revenue streams
- Serve as the primary liaison between external accountants, the part-time bookkeeper, and internal teams to ensure smooth operations and compliance
- Ensure financial processes comply with regulatory requirements and proactively manage financial risks
Our take
As supply chain issues are becoming one of the greatest stumbling blocks across all industrial sectors, Cofactr’s platform allows companies to quickly search, price, and procure electrical parts from its network of distributors in an attempt to mitigate supply shortages.
While Cofactr hasn’t yet caused much of a stir in industry media, it’s telling that the company has been quietly attracting plenty of VC interest. As well as being selected as a Y Combinator W22 startup, Bain Capital Ventures has shown its faith by investing heavily at the early stages.
As well as potentially having an answer to obvious supply chain issues, Cofactr’s attractiveness may well have something to do with co-founders Matthew Haber and Phillip Gulley, who enjoyed great success with and ultimately sold R&D firm BeSide Digital in 2019.
With plenty of funding secured, the next big steps for Cofactr will be to continually refine its tech performance as the company looks to win more customers and scale up.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Funding (last 2 of 5 rounds)
Dec 2024
$17m
SERIES A
Feb 2024
$2.1m
SEED
Total funding: $28.2m
Company benefits
- Remote working opportunities (role-dependent)
- Equity
- SA and FSA offerings
- 401(k) with 4% company matching
- Unlimited time off policy
- Commuter benefits with a company contribution
Company HQ
Williamsburg, NY
Articles
Leadership
Matthew Haber
(CEO)Previously co-founded and was Managing Director of Technology at R&D firm BeSide Digital, which was acquired by MAS in 2019, for which they became Vice President of Technology.
Phillip Gulley
(CRO)Former Director of Media at 3-Legged Dog Media & Theatre Group in New York. Co-founded BeSide Digital along with Matthew Haber, and helped lead the company to acquisition. After this, they became VP Creative Experience Design at MAS.
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