FP&A Vice President, Compass
$162-243k
5 days a week in office
Real estate technology platform
Open for applications
Real estate technology platform
1001+ employees
Open for applications
$162-243k
5 days a week in office
1001+ employees
Company mission
To help everyone find their place in the world.
Role
Who you are
- Minimum 15 years of experience, which can be comprised of a mix of relevant experience. FP&A leadership experience required
- Experience leading the FP&A function of a public company
- Bachelor’s degree required. MBA preferred
- Systems implementation experience and process mapping skills strongly preferred
- Must possess excellent analytical, financial modeling and presentation skills with the ability to analyze raw data, draw conclusions, and develop actionable recommendations
- Demonstrated ability to build, mentor and develop a team
- Experience with capital structure management preferred, both equity and debt
- 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 the 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, board members, investors and other stakeholders
- 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
- The Vice President of FP&A will lead quarterly forecasting, the annual budgeting process, cross-functional analysis and special projects
- The VP will provide financial consulting and strategic support to senior management including preparing financial presentations, developing key reporting packages, capital expenditure analysis, identifying and tracking key KPIs, developing and tracking our staffing model and other projects requested by senior management
- This role will report directly to the CFO
- Oversee and manage Compass’s monthly/quarterly forecasting, annual planning process, financial and operations analysis teams and processes
- Establish FP&A as a center of analytical excellence to be shared with functional leaders across the organization
- Develop and monitor performance indicators, highlighting trends and analyzing causes of unexpected variance, including all areas of revenue, commissions, gross profit, operating expenses, operating metrics, capital expenditures and cash flow
- Manage revenue, expense, and headcount forecasting, planning and analysis
- Develop and prepare the annual budget. Assist in setting annual budget targets, lead the company through the process and prepare the annual financial budget for presentation to executive management
- Develop a long-term forecasting process for the Company on a 3-5 year annual basis
- Cultivate deep partnership with Accounting and other components of Finance Org
- Lead the team in monthly and quarterly reporting including executive summary preparation and external reporting documentation for results
- Improve operating teams’ understanding of financial statements and budget adherence with thoughtful and transparent analysis
- Provide targeted contributions to quarterly earnings process and financial guidance
- 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
Company
Funding (last 2 of 10 rounds)
Nov 2019
$500m
SERIES G
Jul 2019
$370m
SERIES G
Total funding: $2.0bn
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 values
- Dream big
- Move fast
- Learn from reality
- Be solutions-driven
- Obsess about opportunity
- Collaborate without ego
- Maximise your strength
- Bounce back with passion
Company HQ
Midtown Manhattan, New York, NY
Articles
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.
People progressing
Neda joined Compass in 2018 as Chief of Staff to the CEO after a year at Sidewalk Labs. Following 4 months as Secretary to the Board, in April 2019 they were promoted to President of Compass East Division, and in January 2022 President of US Division.
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