Financial Planning & Analysis Manager, Masterworks
$130-160k
Platform for art investment
Job no longer available
Platform for art investment
201-500 employees
Job no longer available
$130-160k
201-500 employees
Company mission
Masterworks' mission is to make art investable.
Role
Who you are
- You’ve spent 3-7 years in finance, be it investment banking, FP&A, corporate finance or the like
- Spreadsheets? Your superpower. You secretly auditioned for the ESPN Excel Championships
- Messy data? You know how to wrangle it. Canned data that spoon-feeds from CapitalIQ? You've outgrown that
- Python and SQL? You know they're the future
- Automation tools like Zapier and data organization tools like Airtable are your secret weapons
- Decks? You've lost count – and polished them with purpose
- Pie chart formatting? You have opinions, strong ones
- Resourceful, adaptable, batteries included – that's you
- You've managed investment bankers and captained capital raising processes
- You are a polished oral and written presenter
- You can train, mentor, and have an uncanny eye for detail
- Art experience? Nope
- Must be able to work in the office in the NYC area
- Must be eligible to work in the US - no exceptions
What the job involves
- We need an FP&A manager to own budgets, forecasts, financial models, KPIs, board packs, corporate decks, special projects and everything in between
- Our FP&A manager will take their FP&A expertise to a new level, collaborating with a team that thrives on continuous learning and building relationships across the company to drive data-powered decisions
- They will initially report to the Chief Financial Officer
- Our budget, forecasts and long-range models–how they are built, modeled, where data comes from, scenario planning, variance analysis and the entire process around this
- Organizing company-wide and department KPIs–how they are measured, interrelate and impact our financial performance
- Using financial and operational data to answer important questions about the business to senior management ("Should we do X or Y?")
- The board pack process–soup to nuts
- All corporate decks–how to present the business and tell a story using data
- Due diligence with new partners and capital providers
- Special projects that need your skillset
- First 90 Days:
- Take over all budget and model assets. Simplify and streamline
- Consolidate all department KPIs to be able to answer questions and make recommendations about how to optimize the business
- Create a centralized due diligence knowledge base, with written answers, files and videos
- Get the board pack process down to a 1-week exercise
Our take
In the age of democratising access to financial platforms, Masterworks epitomises the trend through its platform, which breaks down the walls to art investment. Traditionally guarded by old institutions and reserved for the uber-rich, the company supplies a way for retail investors to access the space by pioneering the ‘fractionalising’ of art pieces.
Through Masterworks, SEC-qualified paintings by names like Banksy, Monet, and Picasso are portioned, allowing retailers to hold just a percentage of the piece via its platform. Having acquired over 100 assets, worth a total of hundreds of millions of dollars, the company has scaled well and remained agile as it capitalises on the ever-increasing popularity of alternative assets.
The company has also focussed on building out its technological capabilities. For instance, by leveraging proprietary data - acquired from becoming one of the most important buyers on the market - Masterworks believes it can deliver increased returns for its retail investors, adding further value to its platform that should attract and retain users.
Freddie
Company Specialist at Welcome to the Jungle
Insights
160% employee growth in 12 months
Company
Funding (1 round)
Oct 2021
$110m
SERIES A
Total funding: $110m
Company benefits
- Paid time off for vacation, sick time, and corporate holidays
- 401k option
- Daily buffet style catered lunch with options for every diet
- Lunch & Learns - Featured guests and Masterworks leadership share their experiences
- Monthly happy hours
- Medical, dental, and vision coverage for all our full-time employees
Company HQ
World Trade Center, New York, NY
Leadership
Scott Lynn
(Founder & CEO)Founded Virtumundo which developed one of the first viral internet games. Went on to found and chair V2 Ventures, which invested in or acquired startups in the online advertising space. Also founded Payability, an eCommerce funding platform.
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