Director of FP&A, Compass
$121.3-181.9k
Offers Participation in our incentive programs (which may include where eligible cash, equity, or commissions)
More information about location
5+ days a week in office
Real estate technology platform
Open for applications
Real estate technology platform
1001+ employees
Open for applications
$121.3-181.9k
Offers Participation in our incentive programs (which may include where eligible cash, equity, or commissions)
More information about location
5+ days a week in office
1001+ employees
Company mission
To help everyone find their place in the world.
Role
Who you are
- Minimum 10 years of experience, which can be comprised of a mix of relevant experience. FP&A leadership experience required
- Experience within an FP&A function of a public company strongly preferred
- Real Estate/Brokerage industry, public accounting/consulting experience is a plus
- Bachelor’s degree required. MBA preferred
- Adaptive Planning and Power BI systems experience strongly preferred
- Must possess excellent analytical, financial modeling and presentation skills with the ability to analyze raw data, draw conclusions, and develop actionable recommendations
- Must be a team player who understands the importance of the role as a key support function to the operating team. Positive, cooperative attitude. Ability to work with multiple teams simultaneously, both internal and external
- Humble with ability and desire to roll up sleeves and be hands on in an entrepreneurial, fast-paced environment
- Excellent verbal and written communication skills
- Ability to develop strong relationships with senior management, communicate effectively in meetings and describe deliverables and project milestones
- Experience producing insightful, actionable analysis for senior management
- Proactive individual seeking additional responsibility at all times
- Demonstrated ability to establish and improve processes and procedures
- Ability to work under pressure of tight deadlines
What the job involves
- As Compass expands its leadership in the residential brokerage industry, we are looking for the best and brightest to drive strategic business decisions.
- The Director, FP&A will be a key contributor to the quarterly forecasting process, the annual budgeting process, and will be the financial business partner to the regional brokerage operations.
- Through the financial business partnership with the regional brokerages the Director will provide financial support and analysis to manage operating expenses, accounts receivable management, tracking and monitoring staffing models, capital expenditure analysis, tracking and monitoring KPIs, developing and tracking our staffing model and other projects requested by senior management.
- This role will report directly to the SVP Finance and Chief Accounting Officer
- Key player on the FP&A team that manages Compass’s monthly forecasting, annual planning process, financial and operations analysis
- Financial business partner to the regional brokerage markets, supporting the Presidents and Regional Vice Presidents with financial reporting, analysis and strategy
- Monitor key performance indicators, highlighting trends and analyzing causes of unexpected variance, including areas of revenue, commissions, operating expenses, operating metrics and capital expenditures
- Manage annual budget process for certain aspects of the regional brokerage operations
- Cultivate deep partnership with Regional brokerage leaders
- Improve operating teams’ understanding of financial statements and budget adherence with thoughtful and transparent analysis
- Collaborate with operating teams and provide fact-based recommendations that improve profitability, operating efficiency and effectiveness
Our take
Compass uses an AI-driven platform to smooth out and speed up the process of buying, selling, or renting property. It functions much like a traditional broker, but employs tech to reduce the time, uncertainty, cost and friction of transactions for buyers, sellers & agents.
It's disrupting a sector so far largely averse to tech innovation, allowing users to close deals in less time than the industry average of 30-45 days. Compass is now the largest independent real estate brokerage in the USA, with over 29,000 agents nationwide.
Despite being a leading residential brokerage and competing well, Compass has remained unprofitable. While the company is replanning its cost structure to be profitable over the next year, it announced its third round of payoffs in early January 2023. Its profit-generating plans include expanding into mortgages, escrow & title services.
Freddie
Company Specialist at Welcome to the Jungle
Insights
15% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jul 2019
$370m
SERIES G
Sep 2018
$400m
SERIES F
Total funding: $1.5bn
Company benefits
- Flexible Working
- Work From Home Opportunities
- Paid Vacation, Holidays, Sick Time
- Paid Parental, Marriage, and Recharge Leave
- Medical, Tele-Health, Dental and Vision Benefits
- 401(k) Plan
- Flexible Spending Accounts (FSAs)
- Commuter Program
- Life and disability insurance
- Maven (a support system for new parents)
- Carrot (fertility benefits)
- UrbanSitter (caregiver referral network)
- Employee Assistance Program
- Pet Insurance
Company HQ
Midtown Manhattan, New York, NY
Leadership
Robert Reffkin
(CEO)After 2 years at McKinsey, Robert worked as a Lazard Associate and White House Fellow. They joined Goldman Sachs in 2006, where they worked as VP of Principal Investment before leaving in 2012 to found Compass. Alongside this, Robert ran 50 marathons in 50 states to raise $1 million dollars for for youth education and enrichment programs.
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