Senior Corporate Finance Analyst, Rain
$150-170k
+ Equity Options
Employer-sponsored financial wellness provider
Open for applications
Employer-sponsored financial wellness provider
201-500 employees
Open for applications
$150-170k
+ Equity Options
201-500 employees
Company mission
To regrow individual freedom by giving people control over their income and finances.
Role
Who you are
- 5+ years of experience in Investment Banking, M&A Consulting or corporate finance role at a top tech company
- Expert level Excel financial modeling skills
- Strong accounting knowledge in order to easily understand financial statements and accounting impacts.
- Excellent problem-solving, critical thinking, and investigative skills
- Strong attention to detail and ability to prioritize tasks in a fast-paced environment
- Excellent communication skills, you will need to collaborate with team leaders and other colleagues across every department at Rain
- Self initiative and willingness to improve processes and get things done independently. We are growing really fast and are looking for someone who is eager to come up with their own ideas to help us achieve our goals
What the job involves
- As a Senior Corporate Finance Analyst, you’ll contribute to Rain’s exponential growth by providing the essential information that our Leadership team needs to drive strategic decisions
- Maintain and improve the main financial model, used for investor reporting, internal target setting, budget control and cash forecasting
- Own and control company budgets, reporting to leadership and budget owners on deviations, opportunities and risks
- Maintain and improve cash forecasting capabilities to ensure we have an accurate cash runway estimate
- Analyze data to ensure reporting accuracy, and share financial analysis with business partners to support strategic business decisions
- Preparing financial planning data and reviewing data integrity, analyze discrepancies and strive to correct
- Providing ad hoc reporting and financial analysis to evaluate new partnerships, products or business models
- Track, report, analyze and forecast cash. Understand variances and provide insights to leadership on potential opportunities or risks
- Understanding financial statements and providing feedback and support to the Accounting team on topics such as accruals, department and account allocation of costs, etc
- Collaborate with the finance team to respond to recurring investor and board members queries, as well as supporting fundraising activities
Our take
Financial difficulties continue to be a leading cause of employee stress, and waiting for payday can cause periods of cash drought where workers are vulnerable to overdraft fees and predatory lending. Rain provides employees with access to an amount of their earned wage, which is reimbursed by employers per their regular pay cycle.
Although paying employees more often seems a solution to the payday problem, it is often too demanding for payroll departments, and brings associated costs that companies would rather avoid. Rain is free to employers who offer it as a benefit for their employees, and it integrates with payroll systems easily. Instead of paying high interest on a payday loan, employees pay a small fee for the transaction when they access pay before payday.
Rain is backed by Clear Haven Capital, a company offering balance sheet capital solutions for financial services. Clear Haven has invested in other ascendant fintechs such as Walnut and Torpago, making it a promising partner. Rain's impressive investment will fund its continued US expansion, further develop technology and infrastructure, as well as contribute to increasing marketing efforts.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-31% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Mar 2023
$66m
SERIES A
Dec 2020
$8.6m
SEED
Total funding: $78.6m
Company benefits
- Remote work & a hybrid option for team members in our Nashville hub
- Flexible benefits package to fit your needs
- Opportunities for growth - we encourage employees to seek new passions within the company
- We offer volunteer opportunities and encourage our team members to prioritize their physical and mental health
Company HQ
Oakwood, Los Angeles, CA
Leadership
Alex Bradford
(CEO & Co-Founder)Co-founder of Mosaic and BIG. Former CEO/Founder at Voyager Global Advisors.
Gilberto Garcia Jr
(Chief Architect Officer, CTO & Co-Founder)Former Software Developer Consultant with Ascendant Compliance Management. Previously worked as Senior Scala Developer at Burner (Ad Hoc Labs).
Jen Terrell
(VP Employer Partnerships)Former VP Sales with Groupon. Worked at LivingSocial for 5 years including as Head of Local North American Sales division.
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