Director of Finance, CornerUp
$130-160k
Procurement platform for corner shops
Job no longer available
Procurement platform for corner shops
1-20 employees
Job no longer available
$130-160k
1-20 employees
Company mission
To enable small businesses to compete with today's large retailers by transforming the way in which they operate through technology and modernization, empowering independent retailers to do their best work and better serve their neighbourhood communities.
Role
Who you are
- 5+ years of related experience in a venture-backed, high-growth start-up that they helped scale and where they helped build new systems from scratch
- Bachelor’s degree required; concentration in accounting or finance preferred
- CPA, Big 4, and/or recent experience scaling a finance team from inception to $10 million+ in annual revenues or 75+ full-time employees preferred
- Retail or e-commerce experience required
- Proven track record of working with cross-functional partners to use the finance team to define metrics, set goals, track progress, and drive operational improvements
- Strong knowledge of corporate finance and other accounting theory, principles and practices to include GAAP, SaaS accounting, prepaid expenses & accrued revenue, ASC 605: Revenue Recognition, ASC 985-605: Software Revenue Recognition, ASC 805: Business Combinations and ASC 718: Stock-Based Compensation
- Solid experience with financial analysis and forecasting, including experience with three statement financial modeling, preparing statistical reports and making recommendations based on analysis and research
- Mastery knowledge of Microsoft Office; accounting software including QuickBooks, Xero, NetSuite, Expensify and Bill.com; and budgeting software such as Grow, Domo, and Spotlight
- Comfort in the startup environment (i.e., sometimes chaotic and lacking structure) and able to create structure and foundational accounting processes
- Strong priority management skills
- Proven experience leading, managing and hiring a team
- Strong oral and written communication skills
- The successful candidate will have 5-7 years of managerial accounting and operational finance management experience in a rapidly growing start-up environment.
What the job involves
- We’re looking for a Director of Finance to develop and lead all finance efforts for CornerUp including FP&A, accounting, and financial operations.
- You’ll be working closely with our CEO and COO and will provide tactical and strategic support in all aspects of our finances.
- Develop financial operations. You’ll ensure that the team incorporates financial controls and considerations into relevant day-to-day operations and decision-making, product planning, advocating for finance, and product profitability where it makes sense, with a particular focus on developing a methodology and process for tracking and improving fulfilled gross margin, incorporating key inputs from cross-functional partners
- Oversee accounting. You’ll work with our accountants to close our books in a timely, efficient manner. You’ll develop and maintain necessary accounting policies and systems and build an accounting department as the company grows. You’ll overseeing transactions related to the general ledger, receivables, payables, payroll and financial reporting
- Own FP&A. You’ll help us set and achieve our revenue and budget targets and relevant goals, develop tools to provide critical information to the leadership team and relevant stakeholders to improve our decision-making, monitor and share core performance metrics, manage payroll and benefits
- Manage AP/AR manager and outside vendors
- Interact with the board of directors
- Provide strategic guidance around capital financing options to support the startup’s growth. Develop the corporate fundraising strategy and manage relationships with partners and investors
- Oversee and manage the company’s finance IT system and choose appropriate software programs & processes based on unique needs
- Oversee stock administration
- Coordinate corporate tax reporting and preparation of tax returns with outside tax accountants
- Represent the company externally, as necessary, particularly in banking and lease negotiations
- Manage internal and external teams by setting expectations, training internal staff accountants and developing training modules and templates
- This role will be ever changing and will require the candidate to be flexible and open-minded, while paying close attention to detail and processes. A successful candidate will have the opportunity to grow into a VP of Finance as the company grows
Our take
CornerUp is a marketplace startup that has emerged as a key player in transforming the operations of small food retailers. It provides independent convenience stores and bodegas with the technological solutions they need in order to compete effectively against larger retailers.
The platform serves as a unified hub for corner stores and small food retailers to streamline their inventory management and procurement processes. With up-to-date technology usually unaffordable for small business and a clean user interface, tt simplifies the discovery and purchasing of inventory. Ultimately it improves the efficiency and profitability of corner shops, improving their ability to better cater to their local communities.
The company has received funding from the Partnership Fund for New York City, a testament to the positive impact its platform is having for the city's businesses. Going far beyond inventory management, CornerUp fosters an environment where small businesses thrive as vibrant contributors to their neighbourhoods.
Kirsty
Company Specialist at Welcome to the Jungle
Company
Funding (2 rounds)
Jul 2023
$1.5m
SEED
Jul 2022
$7.5m
SEED
Total funding: $9m
Company benefits
- PTO
- Medical, dental, vision & supplemental insurance coverage
- Commuter benefits
- Team events
- Equity
Company HQ
Civic Center, New York, NY
Leadership
Harrison Azizi
(Co-founder & COO)Graduated from the George Washington University with a B.S. in Organizational Sciences & Entrepreneurship. Co-founded Covet Shipping (acquired by AxleHire). Also previously worked as a Launch Director at REEF Technologies and as the Head of Operations at Bond.
Tyler Dean
(Co-founder)Graduated from Claremont McKenna College with a Bachelor's Degree in Financial Economics & Data Science. Co-Founder of ConfluenceVC and Aikito.
Jason Diaz
(Co-founder)Graduated from The Wharton School with a B.S. in Economics & Finance. Previously served as the CEO at Frontier Payments. Is now a Consultant at Septuagint Solutions.
Amol Sarva
(Co-founder)Graduated from Columbia University with a B.A. in Economics & Philosophy. Co-founder of Knotable, Popular Change, Ratio 21, and Aikito.
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