Head of Finance, Open
+ Equity
Mindfulness & meditation learning platform
Open for applications
Mindfulness & meditation learning platform
21-100 employees
Open for applications
+ Equity
21-100 employees
Company mission
To broaden the world of modern meditation, drawing from practices old and new, designing varied, reliable ways in to the present moment.
Role
Who you are
- This position requires a strong combination of analytical expertise, financial modeling, strategic foresight, and excellent communication skills
- Bachelor’s degree in Finance, Accounting, Economics, or a related field; MBA, CPA or CFA is a plus
- 6-8 years of experience in FP&A, finance, or business strategy, with at least 3 years in a senior FP&A role at a startup or high-growth company
- Strong experience in financial modeling, forecasting, and budgeting, particularly in subscription-based and/or brick-and-mortar businesses
- Advanced proficiency with financial software/tools (e.g. Excel, Google Sheets, Quickbooks) and business intelligence platforms
- Ability to thrive in a fast-paced, dynamic environment with changing priorities
- Strong communication, collaboration, and interpersonal skills, with a solution-oriented mindset
What the job involves
- We are seeking an experienced and passionate finance professional to join our team
- The Head of Finance will be a strategic partner to the leadership team, driving financial planning, analysis, and decision support across the business
- You will be responsible for managing the financial forecasting process, budgeting, and performance analysis for both our digital subscription platform and physical studio operations
- Additionally, you will play a key role in supporting the company's fundraising efforts, ensuring investors have accurate, timely, and comprehensive financial data
- Develop and maintain dynamic financial models to forecast revenue, operating expenses, and cash flow for both the digital subscription business and brick-and-mortar studios
- Lead the annual budgeting process and monthly/quarterly forecasting cycles
- Partner with pod leaders (marketing, product, operations, etc.) to understand key drivers and budget requirements and incorporate them into forecasts
- Provide timely and actionable insights to company leadership to facilitate quick decision making
- Facilitate weekly business reviews to track and report on key financial and operational KPIs for both business segments (digital subscription and brick-and-mortar), as well as the overall financial performance of the business
- Perform detailed financial analysis to evaluate profitability, customer acquisition, retention, and lifetime value (LTV) of digital and physical customersAnalyze cost structures and suggest ways to improve efficiency and profitability
- Work closely with the leadership team to assess the financial implications of strategic decisions, such as new market expansion, product development, pricing strategies, and capital expenditures
- Collaborate with pod leaders to align financial goals with day-to-day business activities, ensuring resource allocation aligns with growth objectives
Our take
It's easy to get caught up in today's on-demand digital world, something that can lead to poor mental health and a lack of mindfulness. Whilst many mobile apps have been developed to help people tackle this, many focus on independent learning experiences and specialize in particular areas instead of focusing on a wider idea of mindfulness.
Open provides a learning platform for mindfulness and meditation, allowing users to access professionally-led video classes across a variety of activities such as meditation, yoga, music and spirituality. The company also sells sustainable clothing that supports its philosophy of mindfulness and is designed for comfort during meditation and yoga.
Whilst many meditation apps on the market will present Open with strong competition, the company stands out with its unified approach to mindfulness - providing content and clothing for a wider mindful lifestyle. The company has also partnered with a large portfolio of highly-qualified teachers, providing expertise that can be difficult to find in existing solutions.
Kirsty
Company Specialist at Welcome to the Jungle
Company
Funding (2 rounds)
Oct 2021
$9m
SERIES A
Nov 2019
$5.4m
SEED
Total funding: $14.4m
Company benefits
- Healthcare (health, dental, vision)
- Flexible PTO
- Access to all Open classes (in-person & virtually)
- Equity
Company HQ
Downtown Los Angeles, Los Angeles, CA
Leadership
Raed Khawaja
(Co-Founder & CEO)Experience as GTM, Head of Strategy, and Head of eCommerce for PepsiCo from 2011 to 2014. Director at Jyve from 2016 to 2018.
Peter Tseng
(Co-Founder & CTO)Experience as a Software Engineer at DoorDash from 2013 to 2015. Investor at SV Angel from 2016 to 2019.
Salary benchmarks
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