Staff Accountant, Kafene
$100-120k
Lease-to-own options for furniture, appliances, electronics, and more
Open for applications
Lease-to-own options for furniture, appliances, electronics, and more
21-100 employees
Open for applications
$100-120k
21-100 employees
Company mission
To empower flexible ownership solutions.
Role
Who you are
- The ideal candidate will have expertise in strategic finance and accounting, along with strong analytical abilities, organizational skills, attention to detail, and excellent communication
- 1-3 years of experience in accounting, finance, business analytics, or financial analysis
- Bachelor’s degree in Accounting, Finance, or a quantitative field is required
- Advanced proficiency in Excel (e.g., pivot tables, VLOOKUP) and Google Sheets
- Proficiency in SQL and willingness to learn is essential
- Familiarity with GAAP accounting principles
- Experience with QBO and NetSuite tools is preferred
- Exceptional analytical skills, with the ability to analyze large data sets, understand complex business needs, and propose tailored solutions
- Ability to work both collaboratively and independently, prioritize and manage multiple tasks, and adapt to a fast-paced environment
- Strong attention to detail, along with excellent communication and organizational skills
What the job involves
- We are seeking a Financial Analyst to join our dynamic team
- This is a highly visible and critical role that will contribute to scaling Kafene’s financial operations and driving strategic initiatives forward, with excellent opportunities for growth
- Reporting to the Corporate Controller and the Director of Finance, this role offers significant cross-functional opportunities to take on additional responsibilities as needed
- Financial Reporting and Analysis: Provide detailed financial reports and analyzes to support the Finance team, senior leadership, the board of directors, and external stakeholders. Ensure accuracy and compliance in all financial statements and reports
- Accounts Payable Management:
- Oversee timely and accurate payment of invoices and proper expense coding
- Manage new vendor onboarding and W9 collection to ensure tax compliance
- Sales Tax Management:
- Track, process, and document sales tax records and payments
- Reconcile sales tax liabilities and ensure compliance with state and local regulations.
- Month-end Close Support: Assist in the month-end close by preparing journal entries, conducting reconciliations, maintaining schedules, and analyzing variances
- General Ledger Oversight: Conduct thorough reviews of general ledger activity for accuracy and resolve discrepancies proactively
- Computer Fixed Assets Tracking and Management: Manage and track fixed assets, ensuring proper recording, depreciation, and allocation
- FP&A Support: Support Finance Director in the FP&A function by helping to develop financial forecasts, analyzing financial performance, and preparing variance analyses. Assist in creating and managing budgets, providing insights for decision-making, and ensuring alignment with company financial goals
- Development of Accounting Processes: Assist in developing and scaling FP&A and accounting processes, systems, and controls to support business growth. Help document and refine accounting policies and procedures
- Cross-Functional Collaboration: Work closely with analytics, engineering, risk, and finance teams to provide financial insights and support decision-making processes
- Ad-Hoc Financial Support: Assist in ad-hoc financial analyses and special projects, including M&A and other strategic initiatives. Provide financial expertise to support business objectives
Our take
Historically, bad credit and poor purchasing power have excluded many consumers from buying higher-priced household items. Classic lenders are reluctant to offer plans to those with poor or absent credit pasts, and it can be hard for low-income households to save enough money for upfront purchasing. Kafene, founded in 2019, integrates lease-to-own agreements at point-of-purchase; opening up furniture, appliance, and electronics businesses to underserved consumers.
Lease-to-own is no new concept, but bringing this type of agreement to furniture and similar markets is relatively novel by comparison. Kafene’s toolbox – driven by custom-built technology – underwrites, approves, and enables payment in less than five minutes. Its point-of-sale nature means it does not interrupt the shopping experience and, additionally, consumers can manage existing leases through the website which encourages a positive consumer-lender relationship.
Kafene has seen substantial investment which is set to increase headcount to meet demand from merchants and consumers. Although it is only one of many buy-now-pay-later startups, the market for these platforms is huge and there is certainly room within it for Kafene to continue to grow.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Funding (last 2 of 6 rounds)
Oct 2023
$12.6m
SERIES B
Sep 2022
$18m
SERIES B
Total funding: $77.1m
Company benefits
- Hybrid/remote opportunities available
Company values
- We believe in empowering people and offering opportunities for development.
- We value strong, positive relationships in all areas: with each other and our customers.
Company HQ
Midtown East, New York, NY
Articles
Leadership
Neal Desai
(CEO)Former CFO at Octane Lending. Prior experience as a Portfolio Manager. Has worked at Summit Securities Group, Hard Eight Holdings, and Merrill Lynch.
James Schuler
(CTO)Co-founded Atlas Holdings Group, FundElevator and Eligible Inc, and was CTO at all three.
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