Head of Finance, ALT
+ Equity
Management platform for alternative assets
Job no longer available
Management platform for alternative assets
101-200 employees
Job no longer available
+ Equity
101-200 employees
Company mission
To unlock the value of alternative assets, and looking for talented people who share its vision.
Role
Who you are
- We are seeking an experienced and strategic Head of Finance to lead and enhance our financial operations
- The ideal candidate is a strategic thinker with robust financial acumen, hands-on experience with audits and reporting, and a passion for operational excellence
- Experience: 7+ years of experience in finance leadership roles, ideally with a background in investment banking or marketplace-driven businesses
- Leadership & Strategy: Proven experience in finance leadership roles, with the ability to drive strategic initiatives that align with company goals
- Operational Expertise: In-depth knowledge of financial reporting, audits, budgeting, and forecasting, with experience in managing cross-functional financial processes
- Technical Aptitude: Proficiency with financial software (e.g., QuickBooks, Ramp) and advanced financial modeling capabilities
- Communication & Collaboration: Strong interpersonal skills with a track record of unifying teams and working collaboratively to address complex financial challenges
- Adaptability: Ability to operate effectively in a fast-paced startup environment, balancing strategic oversight with a hands-on approach
- Industry Knowledge: Knowledge of the sports/trading card industry is a plus
What the job involves
- This role will be responsible for driving accuracy, efficiency, and alignment in Alt’s financial reporting, budgeting, and compliance efforts
- This position reports directly to the CEO and will play a critical role in supporting Alt’s growth and strategic vision
- The Head of Finance will also directly oversee our Head of People and Head of Lending, ensuring seamless integration of financial, lending, and people operations across the company
- Oversee month-end close processes to ensure timely and accurate financial reporting
- Update and review financial models and presentations that assess monthly, quarterly, and annual financial performance
- Ensure revenue and expenses are accounted for accurately
- Lead the annual audit, coordinating with external auditors to validate data accuracy
- Maintain compliance with corporate tax requirements, collaborating with external advisors on tax-related matters
- Drive the development of monthly, quarterly, and annual budgets and forecasts
- Collaborate with cross-functional teams to establish and adjust financial projections in line with company goals
- Conduct bi-weekly cash flow analysis to assess runway and manage financial risks, particularly in handling cash movement related to our marketplace
- Partner with banking institutions to optimize cash management
- Oversee quarterly bonus plans, ensuring timely and accurate calculations, approvals, and payouts
- Manage financial communications and quarterly updates for investors
- Participate in Board meetings to provide key financial insights, supporting Alt’s strategic objectives
- Lead the Finance, Lending, and People team, fostering a high-performance culture and encouraging growth
- Partner with department heads to streamline cross-functional collaboration and drive efficient decision-making
- Key Outcomes for the First 90 Days:
- Gain full proficiency with Alt’s financial tools and reporting systems
- Ensure a seamless transition of key financial workflows, including month-end close and audit preparations
- Establish a bi-weekly cash report cadence to improve visibility on runway and cash flow
- Build strong working relationships with cross-functional leaders to optimize cross-functional initiatives and implement operational improvements
Our take
Increased interest in alternative assets has resulted in an unexpected boom in the collectables market as more people are seeking to diversify their asset portfolios. Alt is a trading and portfolio management platform capitalizing on this exciting new upswing, making it simple to buy and sell investment-grade trading cards.
Initially dealing exclusively with sports cards, the company’s platform has expanded to include other trading card types, ranging from Pokémon to Yu-Gi-Oh! Alt sets itself apart from the competition by offering its users a vast range of attractive options, from no buyer premiums, up to 60% cash advances on a card’s value, Alt Vault card storage, and borrowing options.
By tackling the three key problems hobbling the uptake of alternative asset investments (liquidity, price transparency, and physical storage) Alt’s success certainly opens the door for further expansion into different assets like art and sneakers, ushering in a new model for alternative asset markets.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Nov 2021
$75m
SERIES B
Mar 2021
$31m
SERIES A
Total funding: $106m
Company benefits
- Medical, Dental & Vision
- Monthly WFH, health and wellness stipend
- Generous parental and family leave
- Volunteer opportunities
- Learning and development programs
- Unlimited PTO
- WeWork access
Company values
- Grit: We break down walls and reach our goals
- Be an owner: We approach problems solution-first
- Share the why: We find alignment and empower each other
- Customer empathy: We build an exceptional product experience
- Level up: We strive to improve our skills and embrace a growth mindset
- Bias for action: We avoid any fears of failure
Company HQ
SoMa, San Francisco, CA
Articles
Leadership
Leore Avidar
(CEO )After graduating with a degree in Finance from the University of Michigan, they became an Asset Management Derivates Trader for Citigroup Global Markets and was part of the Technical Business Development, Startups and Venture Capital services for Amazon Web Services. They also co-founded Lob, a platform that makes direct mail for businesses faster and easier, before founding Alt.
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