Vice President of Financial Planning & Analysis, Oportun
$209.2-303.4k
Digital banking & loan platform
Job no longer available
Digital banking & loan platform
1001+ employees
Job no longer available
$209.2-303.4k
1001+ employees
Company mission
To help people across the United States create a brighter financial future.
Role
Who you are
- The successful candidate will be a confident financial management leader who is highly analytical, technically proficient, process and controls-oriented, a strategic and independent thinker and operationally and business savvy, who has experience building and leading best in class FP&A teams
- 12+ years of increasing levels of responsibility and leadership in Financial Planning & Analysis in the financial services industry
- Significant experience in consumer lending, Fintech industry is preferred
- Strong technical knowledge of finance
- Highly proficient at creating elegant, efficient, and effective financial models, budgets, and reports and enthusiastic to train others to do the same
- Excellent ability to establish effective working relationships with P&L managers across the Company
- Skilled at persuading and influencing a broad spectrum of constituents at all levels, including executive management
- Hands-on leadership style with strong people development skills, including the ability to motivate, recruit, develop and retain high potential people
- Exceptional project management skills. Experienced and skilled at designing organizations and processes to be more efficient, including through the implementation of technology and automation
- Exceptional problem solving and analytical skills. Ability to analyze complex business problems and make sound business decisions
- Exceptional presentation and writing skills and the ability to convey a message that is understandable and relevant, linking business issues, financial results, and strategy
- Advanced Microsoft Excel and PowerPoint skills. Experience working with BI and reporting tools. Knowledge of data warehouse / data mining tools a plus
- Highly motivated, pro-active leader, who is willing to do what it takes to get the job done
- Bachelor's degree in Business, Finance, Economics, Accounting, or other analytical area of study. MBA or CFA strongly preferred
What the job involves
- The Head of FP&A will lead all aspects of FP&A including company financial planning and forecasting, strategic analysis, P&L analysis, and reporting
- They will provide critical financial and strategic consultation to department leaders and teams across the business
- In addition, they will partner closely with (a) the Business Intelligence, Analytics and Risk teams to provide data-driven solutions to challenging business problems and (b) the Strategy and Corporate Development team to support strategic planning and transaction analysis
- Manage and direct all aspects of the company’s annual and long-range financial planning and budgeting process and drive improvements in efficiency, accuracy, timeliness, and transparency
- Develop and implement policies, processes, and systems to build the infrastructure necessary to support a high-growth organization
- Develop and lead a department-level planning process which aligns and prioritizes resources with strategic objectives
- Develop and manage a guidance model to accurately provide guidance as part of the public company quarterly earnings process
- Lead the monthly P&L review process that includes explaining variances to plan, providing insight on current and expected trends, tracking progress against key business initiatives, and identifying areas of risk and opportunities
- Direct the preparation of reforecasts each month that project performance of the business over the next three years
- Conduct financial cost/benefit analyses to help evaluate and prioritize growth and other strategic initiatives and support timely decision making by the business
- Develop department-level and business-wide KPI’s to be used for performance monitoring and goal setting
- Provide the SVP of Finance and the rest of the executive team with key business insights and strategic recommendations for the business
- Oversee the timely production of daily, weekly, monthly, and quarterly financial and KPI reports, including preparation of materials for the Board of Directors
- Conduct industry and competitor analysis to develop operational and financial benchmarks
- Support investor relations and capital markets/treasury initiatives through the preparation of investor/lender decks and other presentation materials
- Ensure that all key FP&A systems, modules, and procedures are well documented, consistent with public company SOX requirements
- Develop and update a road map for the department and drive increased use of automation and A.I.-driven, data science tools
- Manage the FP&A team in the above activities in Oportun’s remote-first work environment
- This includes designing and adapting the organizational structure of the department, managing priorities, motivating, training, and developing staff in addition to recruiting, training, and retaining top tier talent and making any necessary staffing changes to deliver excellence
- Build out an FP&A capability in Oportun’s India development center to shorten operational cycle times and in Oportun’s Mexico subsidiary to reduce costs
Our take
Oportun is an AI-powered digital banking platform that makes financial health effortless for anyone. Following the company’s acquisition of former competitor Digit, it has expanded its services to offer a wider range of bank features – providing personal loans, credit cards, saving accounts, and an investment app.
Many struggle with the paradox of “you have to have credit to build credit”, as legacy banking systems tend to give those beginning their credit journeys a bad deal. Capitalizing on the growth in popularity of mobile banking apps, Oportun provides affordable and accessible financial services to those already using mobile banking apps.
While Oportun faces a number of strong market competitors, it has served millions of customers and facilitated billions in credit and savings - demonstrating that it is a force to be reckoned with. It has also raised considerable funding that will support its further development.
Freddie
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2019
$27.5m
SERIES C
Jun 2016
$22.5m
SERIES B
Total funding: $66.3m
Company benefits
- Paid time off
- Bonus and incentive programs
- Comprehensive healthcare packages, including medical, dental, vision, and flexible spending accounts (FSA)
- Remote work options for many of our positions
- Virtual coffee chats, holiday parties, and events
Company HQ
San Carlos, CA
Leadership
Raul Vazquez
(CEO)Former EVP of Walmart. They are a Member of the Board of Directors at Intuit.
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