Director of Treasury, Flex

$210-226k

Plus equity

Senior and Expert level

New York

More information about location

3 days a week in office (Union Square, NY)

Flexible rent payment application

Open for applications

Flexible rent payment application

501-1000 employees

B2BPaymentsRentingFinancial ServicesMobile

Open for applications

$210-226k

Plus equity

Senior and Expert level

New York

More information about location

3 days a week in office (Union Square, NY)

501-1000 employees

B2BPaymentsRentingFinancial ServicesMobile

Company mission

Flex's mission is to empower as many renters as possible with flexibility over their most significant recurring expense.

Job

Company

Role

Who you are

The ideal candidate will have a wide understanding of cash operations, reconciliations and treasury controls used by specialty finance companies
Additionally, the ideal candidate will be extremely detail oriented and have strong interpersonal skills
5+ years of relevant industry experience at a financial institution with a complex Treasury operation
Broad understanding of treasury operations, cash controls, reconciliation reporting and capital markets
BA/BS degree in a quantitative discipline or equivalent work experience; MBA or CFA is a plus

What the job involves

The Treasury team is responsible for developing and implementing strategies to efficiently operate our business that pays $1 billion (and growing) of customer rents each month–one of Flex’s most critical functions
Manage a small team making and executing strategic Treasury initiatives for a rapidly evolving company
Own the company’s cash operations including the processing of borrower collections and the purchase and sale of receivables. Create and maintain reconciliations of funds movements
Develop and operationalize new product and credit facility fund flows
Build and operate a best in class cash controls environment
Work closely with Capital Markets counterparts to ensure adequate funding for daily operations
Responsible for daily liquidity and cash investments to maximize interest and prevent business disruptions
Manage banking relationships and negotiate terms to maximize services and minimize costs
Drive strategy and optimize tactics as it relates to Treasury initiatives by partnering cross-functionally with our Product, Sales and Marketing, Servicing and Risk teams

Our take

Many people struggle to pay their rent every month, with a variety of bills hitting their bank accounts simultaneously. Whilst many of these people earn enough money to cover their bills, the inflexible nature of monthly bills can make the all-in-one payment a harder obstacle.

Flex provides a mobile application for the flexible payment of rent, allowing users to pay their landlords through flexible payment plans, reschedule payments when necessary, and protect their funds through Overdraft Protection. The company achieves this by partnering with estate agents and paying their resident's bills upfront, taking on the challenges that landlords would normally have due to late payments.

Flex has experienced extremely rapid growth since its founding which has caused some issues, as it struggled to keep up with the surge in new customers. Having made improvements to its product and scaled its customer service team, it is set to continue providing a service that has come to be highly valued by both tenants and landlords.

Freddie

Company Specialist at Welcome to the Jungle

Insights

Top investors

10% employee growth in 12 months

Glassdoor (3.5)

Company

Funding (last 2 of 5 rounds)

Feb 2022

$160m

SERIES C

Apr 2021

$46.6m

SERIES B

Total funding: $225.1m

Company benefits

100% company-paid medical, dental, and vision
401(k) + company stock options
Unlimited paid time off + company paid holidays
Parental leave + IVF and adoption support
Flex Cares Program: Non-profit company match + pet adoption coverage
Pet Insurance
Free Flex subscription

Company HQ

Midtown Manhattan, New York, NY

Leadership

Shragie Lichtenstein

(CEO)

Experience working in venture capital investments for Point72 and TVC. Also co-founded Boundless Reality.

YeTong Shao

(CPO)

Experience as Data Science Researcher. Also co-founded Boundless Reality.

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