Senior FP&A Manager, Lyft
Rideshare Variable Expense
$164-205k
More information about location
3+ days a week in office
Ride sharing company
Open for applications
Ride sharing company
1001+ employees
Open for applications
$164-205k
More information about location
3+ days a week in office
1001+ employees
Company mission
To improve people’s lives with the world’s best transportation.
Role
Who you are
- Bachelor’s degree in Finance, or Economics. MBA or equivalent advanced degree preferred
- 10+ years of experience in a high-tech environment with a track record of all-in ownership and delivering impact. A background in the Insurance industry is a plus
- 4+ years of team management experience
- Demonstrated experience in developing complex financial models; excellent quantitative analysis and forecasting skills
- Comfort with ambiguity and proven ability to make progress and drive insights with incomplete information
- Strong interpersonal and communication skills, with the ability to communicate and influence effectively across various departments
- Ability to work well under pressure in a fast-paced environment and manage multiple tasks simultaneously
- Knowledge of financial systems (Anaplan and Oracle) and familiarity with SQL preferred
What the job involves
- Lyft’s FP&A team is looking for a Sr. FP&A Manager - Rideshare Variable Expense to join our Rideshare team
- The Rideshare team is dedicated to all aspects of servicing rides through the Lyft platform
- This role will lead financial modeling and performance tracking for all variable expenses, and develop strategic recommendations
- Partner with executive leaders in Insurance, Hosting, Payment, and Customer Support business units to improve the efficiency of all variable expenses
- Build detailed bottoms-up models that yield insights and support key decision-making
- Develop and execute the monthly, quarterly, and annual financial planning process to provide executive leadership the outlook
- Own month- and quarter-end close and review processes with executive leaders and business partners
- Prepare executive-grade financial reporting, summarizing findings and recommendations,
- Continuously improve operational efficiencies and build scalable new processes from the ground up when necessary
- Collaborate closely with all members of the Rideshare FP&A team, demonstrating curiosity and proficiency in every aspect of the end-to-end Rideshare P&L
- Analyze business initiatives to drive strategic decisions and hold stakeholders accountable
- Lead and develop a team of analysts while fostering a positive work environment
Our take
Lyft has aimed for consistent growth, making sure to pitch itself as a more reliable and friendly ride-sharing option than its main competitor, Uber. Uber has a greater market share and operates globally, but Lyft hopes to compete by its focus on ride-sharing over Uber's more diversified business approach and as a more rider-friendly and greener alternative to Uber.
Operating only in the USA and Canada, Lyft is in a position of being less affected by global events than Uber but also more vulnerable to local conditions. As an example, while it doesn't face the regulatory hurdles around employment rights that Uber does, it is unable to balance out the cost of the unusually expensive US auto insurance across its operations.
In 2022, Lyft acquired PBSC Urban Solutions, a bike-share equipment and technology supplier, allowing Lyft to compete in new verticals and reaffirming its commitment to green transportation. It has also trialed and launched Lyft Assisted, where drivers help passengers from their door into the car to get to medical appointments. These developments chime well with Lyft's unique selling point as a friendlier and more environmentally aware ride-sharing app.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 14 rounds)
Jun 2018
$600m
LATE VC
Mar 2018
$200m
LATE VC
Total funding: $4.9bn
Company benefits
- Great medical, dental, and vision insurance options
- Mental health benefits
- In addition to 12 observed holidays, salaried team members have unlimited paid time off, hourly team members have 15 days paid time off
- 401(k) plan to help save for your future
- 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
- Pre-tax commuter benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
- Family building benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
Company HQ
China Basin, San Francisco, CA
Articles
Leadership
John Zimmer
(Co-Founder)Originally an Analyst at Lehman Brothers, Zimmer then founded Zimride which was a private ridesharing company that pivoted into Lyft.
Logan Green
(Co-Founder)Founded Zimride, a private ridesharing company which later pivoted into Lyft.
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