Senior Financial Analyst, SoLo Funds
$75-105k
Social loans platform
Be an early applicant
Social loans platform
21-100 employees
Be an early applicant
$75-105k
21-100 employees
Company mission
To build a community that enables financial autonomy for all.
Role
Who you are
- The ideal candidate will have a strong background in business partnering, cash flow management, financial modeling, balance sheet analysis, and process improvement
- A Bachelor's Degree in Finance, Economics, or Accounting (MBA preferred)
- 4+ years of relevant work experience in Financial Planning & Analysis (FP&A)
- Strong proficiency in financial modeling and data analysis with advanced skills in Microsoft Excel and other data analysis tools
- Proficiency in data and analytics platforms, including SQL and Looker/Tableau
- Proficiency in creating executive-level presentations, reporting templates, and visual dashboards
- Thorough knowledge of financial and accounting fundamentals, including accrual accounting, trial balances, and double-entry principles
- Exceptional analytical and problem-solving abilities, with meticulous attention to detail
Desirable
- Relevant industry certifications (e.g., CFA, CPA)
- Startup experience, especially at a fintech or marketplace startup
What the job involves
- SoLo Funds is seeking a tech-savvy Financial Analyst to join our growing FP&A team and help transform the digital lending space
- This role will primarily be responsible for developing and preparing financial forecasts, managing reporting, assisting in M&A processes, and undertaking ad-hoc projects to support management decisions
- This individual will be instrumental in driving the financial planning and analysis function, guiding strategic decision-making, and optimizing financial performance
- Support cash flow forecasting and management efforts, ensuring liquidity and financial stability
- Develop complex financial models to assess various financial scenarios and support strategic initiatives
- Prepare financial reports in accordance with regulatory standards and agency requirements governing financial institutions and markets
- Conduct thorough balance sheet analyses and report on key financial performance indicators
- Ad-hoc Reporting: Deliver on-demand analysis and reports to provide real-time financial insights that support agile business decisions
- Identify and implement process improvements to streamline FP&A activities and enhance reporting accuracy
- Collaborate with each department to align data, insights, and deliverables, and prepare annual budgets, quarterly forecasts, and long-term financial plans
- Analyze current and past financial data and performance, preparing reports and projections based on this analysis
- Evaluate financial performance by comparing and analyzing actual results with plans and forecasts
- Monitor and report on financial performance, highlighting trends and analyzing causes of unexpected variances
- Lead the development of executive-level reporting and present financial insights to senior management
- Drive continuous improvement in financial reporting tools, systems, and procedures
Our take
SoLo’s community-based peer-to-peer money lending platform allows independent users to request and provide short-term loans to others. Given that 80% of American citizens haven’t got access to enough savings to cover emergency costs, SoLo’s offering is a much-needed one. The platform offers a more palatable alternative to that of payday loan companies, who often take advantage of vulnerable users with average interest rates of nearly 400%.
SoLo allows borrowers to set their own terms on loan amounts, lender appreciation tips, and payback dates while allowing lenders to filter through the marketplace to find agreeable terms for them. Lenders are also protected from defaults if they purchase the company's insurance, a product that helped propel SoLo's growth.
The company is investing in its services and has recently released a digital SoLo wallet with the aim of making it easier for users to add funds to the platform whilst increasing transaction transparency. So long as the company can continue to protect its users from predatory lenders while ensuring that lenders make respectable capital gains, further success in the future seems highly likely.
Freddie
Company Specialist at Welcome to the Jungle
Insights
9% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Feb 2021
$10m
SERIES A
Oct 2019
$1.6m
SEED
Total funding: $12.8m
Company HQ
Palms, Los Angeles, CA
Leadership
Travis Holoway
(Co-Founder & CEO)Having studied at the University of Cincinnati, they worked at Northwestern Mutual for almost 6 years. They left in March 2017 having co-founded SoLo Funds, serving since as CEO.
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