Strategic Finance Lead, Arc
$80-120k
Offers Equity
3+ days a week in office
Financing for SaaS startups
Open for applications
Financing for SaaS startups
21-100 employees
Open for applications
$80-120k
Offers Equity
3+ days a week in office
21-100 employees
Company mission
To provide a better way for software startups to raise capital without incurring costly dilution and risky debt.
Role
Who you are
- Experience in investment banking, consulting, and/or strategic finance / FP&A experience at a relevant fintech company or asset manager
- Ability to “wear multiple hats” as a team player in order to prioritize the dynamic business needs of a high-growth organization
- Exceptional excel/financial modeling skills, with an ability to work quickly with little oversight
- Analytical aptitude with keen attention to detail and insatiable curiosity to learn
- Strong self-management, drive and organizational skills with ownership and pride in your work and ability to juggle multiple projects
- Ability to multi-task in a fast-paced, ambiguous environment is essential
- Ownership mentality, bias for action, highly motivated, strong work ethic
What the job involves
- We’re looking for an experienced Strategic Finance Lead to join our Finance team as we experience high growth
- You will work alongside our Head of Finance to lead various FP&A, reporting, and cross-functional operational initiatives that will have a direct impact on our strategic business decisions
- This is a rare opportunity to make a direct impact on business strategy and growth, working directly with Arc’s entire executive team
- Deliver regular reporting and financial analysis to founders and leadership team, alongside preparation of external investor-facing materials
- Monitor and track key metrics and KPIs to communicate financial and operational results
- Contribute to all finance-related activities, including FP&A, financial operations, and other reporting and analysis (both regular and ad-hoc) that drives strategic decision-making for the business
- Develop and manage scalable workflows at Arc to support operational efficiency across discrete and growing business lines
- Partner with Revenue team to build accurate pipeline and revenue forecasts, as well as assisting in unit economic and market ROI analysis
- Work with the data and engineering teams to support build-out of automated data reporting and analytics
Our take
One of the most exciting, and frankly necessary, elements of the startup journey is financing. Securing capital before entering a major growth phase, usually by way of Venture Capital funding. There’s an obvious trade-off though that most startups just accept – diluted ownership.
Arc is hailing itself as the future of startup financing with a platform that offers debt funding and digital banking services to Software-as-a-Service (SaaS) startups. Rather than giving up a percentage stake in the company, users can borrow from forecasted future earnings.
It’s proving very popular too - the company claimed to have over 1,000 users just eight months after emerging from stealth. The fact that Arc is partnered with Stripe has no doubt boosted its reputation, while its singular focus on SaaS startups could actually boost its popularity within that vertical.
Considering that the SaaS industry has seen substantial growth in recent years, and is showing no signs of slowing down, Arc looks to be headed in the right direction.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Aug 2022
$20m
SERIES A
Jan 2022
$11m
SEED
Total funding: $31m
Company benefits
- Remote & hybrid working opportunities with offices in San Francisco and NYC
- Access to best-in-class medical, dental, and vision coverage and a monthly health and wellness stipend from day one
- Arc takes pride in benchmarking comp. packages (salary & equity) to the highest-paid talent-pools in the U.S
- All Arc-itects receive unlimited PTO, paid holidays, flexible remote work options, and paid parental leave
- Mental health resources, learning & development stipends, and more are coming soon!
Company values
- Earn Trust – Have unquestionable integrity and honesty. Be transparent and speak up early and often. Deliver on commitments
- Passion – Strive to be the best and constantly improve. Don't be satisfied with the status quo. Show up every day with enthusiasm
- Bias for action – Be proactive in solving problems. Feel empowered to make decisions, even at the risk of making a mistake
- Curiosity – Genuinely pursue knowledge. Have humility and recognize there's always more to learn. Value new perspectives
Company HQ
SoMa, San Francisco, CA
Articles
Leadership
Don Muir
(CEO)Began career as a Management Consultant for Boston Consulting Group, before entering Private Equity for Onex and Apollo Global Management.
Nick Lombardo
(President)Former Investment Banking Analyst for Credit Suisse. Joined AEA Investors in 2015 as a Private Equity Vice President, before working in Strategic Finance at Sila Nanotechnologies.
Raven Jiang
(CTO)Was a Founding Engineer at Affinity, Inc, and Ubiquity6 Inc. (acquired by Discord). Previously worked for Tesla as an Autopilot Software Engineer, then joined Facebook as a Front End Engineer.
Salary benchmarks
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Diversity, Equity & Inclusion at Arc
- Commitment to community: We recently took the Conscious Culture Pledge. Being a conscious company means that we consciously take action to foster an inclusive and diverse workplace. It starts with our hiring practices, and continues throughout our evolving benefits package.
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