Treasury Analyst, Lime
Electric bike and scooter rentals
Posted today
Electric bike and scooter rentals
1001+ employees
Posted today
1001+ employees
Company mission
To build a future where transportation is shared, affordable and carbon-free.
Role
Who you are
- At least 2 years of corporate treasury or banking experience, including knowledge of financial markets and banking products and services
- Strong excel skills and experience working with banking platforms and/or treasury management systems
- Ability to multi-task in a fast-paced environment, while also adept at setting priorities
- And planning
- Ability to work collaboratively and communicate effectively across the organization
- Bachelor’s degree in finance, accounting, economics, or related field required
What the job involves
- We are seeking a detail-oriented and analytical Treasury Analyst to join our growing and collaborative team. This role will report to the Assistant Treasurer and will be responsible for daily cash operations and reporting, maintaining bank accounts, optimizing treasury systems, and administering our global corporate card program
- The ideal candidate will play a critical role in optimizing liquidity and ensuring Lime has the right treasury capabilities for the future
- Monitor, analyze, and provide reporting on the company’s daily cash position; ensure adequate funding for daily operations and assist in the execution of cash management duties, including inputting and reviewing payments
- Administer our global bank accounts, including opening and closing accounts, updating services, making authorized signer updates, and collaborating with Legal on updating regulatory documentation
- Act as a liaison between our banking and payment services providers and business operations, researching queries as needed
- Assist in executing letters of credit, performance bonds, and similar financial instruments in support of business operations
- Support the month-end close process by providing cash transaction backup support and answering questions on cash accounting entries
- Maintain compliance standards by supporting internal and external audits and ensuring daily cash and payments activities adhere to internal policies
- Administer access to treasury management systems and banking portals, performing periodic user access reviews as needed
- Support FX front-office processes, including FX spot trading and rates, maintaining settlement instructions, and updating FX mandates with counterparty banks
- Collaborate with FP&A on cash flow forecasting, enhancing visibility into global cash balances, optimizing working capital, and establishing metrics/key performance indicators
Our take
In recent years, electric-powered mobility companies have attracted an extraordinary amount of interest and funding, in part due to rising eco-friendly sentiment, and in part because of the race to "find the next Uber". Lime is one such company, that has rapidly scaled across multiple geographies to be a key player in the fight for market leadership.
Lime, along with its competitors, has had to grapple with regulation in many of its target markets, but nonetheless has steadily increased its footprint. Since its launch, the company has facilitated millions of trips, making it one of the biggest companies of its kind. Interestingly, the CEO has stated that "cars are our true business rivals—not other scooter companies", suggesting that its biggest business challenge will be to get families to give up their second cars.
With a presence that spans an impressive number of regions - most recently Lime has begun operating in Qatar - the company has cemented itself in the micromobility market, and stands to profit from the increasing popularity of these types of services. Across 2022, a substantial increase in ridership enabled Lime to achieve a "full profitable year", with suggestions it will pursue an IPO in the near future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
17% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Nov 2021
$523m
CONVERTIBLE
May 2020
$170m
SERIES E
Total funding: $1.5bn
Company HQ
The East Cut, San Francisco, CA
Leadership
Toby
(Board Advisor)Founder and CEO of ZERO&. Was a Marketing Manager at Pepsi for 6 years before doing an MBA at Berkeley. Moved into consulting and VC for 5 years before starting Lime.
Brad
(Chairman)VP of Business Development at Tencent for 8 years. Managing Partner of a VC firm for 3 years, where he worked with Toby. Has an MBA from Berkeley.
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