Head of Finance, Whizz
Russian Speaker
E-bikes subscription service
Be an early applicant
E-bikes subscription service
101-200 employees
Be an early applicant
101-200 employees
Company mission
To revolutionize the transportation industry for delivery drivers.
Role
Who you are
- 7+ years in accounting and finance, including experience owning a full monthly close as Controller, Head of Finance, or equivalent
- Experience in the US market
- Experience with inventory and fixed asset accounting in a physical business
- Multi-state payroll and tax compliance experience
- Experience managing accounting staff and outsourced providers
- Experience in a company where processes had to be built rather than maintained
- Strong systems skills, including accounting system implementation or migration
What the job involves
- The Head of Finance owns the company's finance and accounting function. This is an operational role. The priority is accurate reporting, disciplined budgeting, and financial control across a physical, asset-heavy business
- Financial reporting. Own the preparation and accuracy of the P&L, cash flow statement, and balance sheet. Run the monthly close on schedule and ensure the reporting package is consistent, reconciled, and usable by management
- Inventory and fleet accounting. Own how inventory and fixed assets are recorded and reflected in the financial statements. This includes maintaining and improving the capitalization and depreciation policy for bikes, batteries, and spare parts, managing the fixed asset register, accounting for disposals and write-offs, and reconciling operational inventory records against the general ledger
- Budgeting and financial model. Maintain the company's financial model for internal planning purposes. Build the annual and quarterly budgets with department heads, track actual performance against plan, and report variances with recommended corrective action
- Financial control. Build the financial control function: approval and authorization procedures, spend controls, segregation of duties, and regular controls over cash, receivables, and payables
- Team and external partners. Manage in-house accountants and the outsourced accounting firm, define the division of work between them, and hold both to agreed deadlines and quality standards
- Compliance and operations. Oversee payroll, multi-state tax registrations and filings, statutory reporting, and audit readiness. Oversee accounts payable, accounts receivable, collections, and payment processing operations
- Cross-functional Work
- The Head of Finance works directly with the operations, supply chain, and product teams on projects such as pricing changes, new city launches, vendor contracts, warehouse and inventory processes, and payment system changes. The role is expected to identify and address the financial and accounting implications of these projects at the design stage
- Reports to: CEO
Our take
With New York City alone home to over 60,000 delivery workers, Whizz is seizing the opportunity to innovate the electric bike rental industry. Many e-bikes available today are expensive or do not meet regulations, so Whizz offers affordable and safe e-bikes to gig workers through its marketplace platform.
Whizz was founded in 2022 but already has notable partnerships with Grubhub and DoorDash, offering their drivers rent-to-own and subscription schemes at a discount. Whizz subscriptions also include service, maintenance and anti-theft protection, providing strong coverage for workers whose income is reliant on the quality of their vehicle.
Early funding will be channelled into expansion, as Whizz pushes to capitalise on its strong start. It does have a prominent competitor in Zoomo, a company that has already entered a partnership with Uber Eats, though it is too early to say if either business is a frontrunner to capture this growing market. Either way, things certainly look promising for Whizz's future.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 7 rounds)
Jun 2024
$5m
EARLY VC
Apr 2023
$3.4m
SEED
Total funding: $15.5m
Company benefits
- Opportunity to join a dynamic and innovative company, collaborating with a team of highly skilled professionals dedicated to excellence
- Training and support
- Flexibility
Company HQ
West Village, New York, NY
Leadership
Mike Peregudov
(Co-Founder)Also the Co-Founder of S16VC and Yandex Chef.
Ksenia Proka
(Co-Founder)Previously the Co-Founder of Moy Device.
Artem Serbovka
(Co-Founder)Previously the CTO and Co-Founder of MyDevice.
Alex Mironov
(Co-Founder)Previously Co-Founder & COO of MyDevice.
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