Finance Associate, Fonoa
Tax automation for the internet economy
Be an early applicant
Tax automation for the internet economy
101-200 employees
Be an early applicant
101-200 employees
Company mission
To eliminate the manual work when dealing with taxes on online transactions.
Role
Who you are
- Have 4+ years of experience in a similar role
- Are proficient with Google Sheets/Excel and G-Suite/MS Office suite
- Have experience with Oracle NetSuite or similar ERP (SAP, MS Dynamics Nav)
- Have strong verbal and written communication skills
- Demonstrate exceptional attention to detail and organisational skills
- Are comfortable working in a fast-paced, growth-focused environment
What the job involves
- Fonoa is currently experiencing rapid growth in terms of market expansion and revenue growth
- Given this projection, we’re now looking to expand our functions that keep our business running, involving a Finance Associate seeking a broad, high-impact, and early-stage opportunity within a hyper-growth, VC-backed business disrupting an industry
- As a Finance Associate, you will report to the Finance Manager and work closely with the entire finance team to ensure accurate and timely financial reporting, robust AR management, and support financial control and forecasting
- Manage all accounting operations, including accounts receivable, accounts payable, and the general ledger
- Coordinate with external accountants on year-end close procedures
- Prepare and maintain monthly balance sheet reconciliations to ensure accurate and complete balance sheet reporting
- Prepare monthly cash flow statements and rolling forecasts
- Assist in preparing monthly management reports
- Prepare payment runs
- Assist in monitoring and controlling business performance by comparing actual results versus budget/forecast on a continuous basis
- Process and manage the complete sales order to cash cycle
- Ensure all sales invoices are accurate, timely, and comply with company policies and customer contracts
- Manage accounts receivable ageing analysis and coordinate collection efforts with the Revenue Manager
- Resolve customer invoice queries and discrepancies promptly
- Monitor and reconcile customer accounts to ensure balances are accurate
- Liaise with internal stakeholders on invoice status and payment terms
- Manage procurement and purchase order procedures, ensuring internal stakeholders and suppliers adhere to company policies
- Assist in developing and maintaining the annual budget and financial forecasts
- Ensure supporting documentation for transactions is collected and maintained appropriately
- Assist in the preparation of annual statutory financial statements
- Support the audit process and auditor queries throughout the financial year
- Prepare and organise financial documentation for external and internal stakeholder reviews
Salary benchmarks
Our take
It's never been simpler to set up a business online. Tools like Stripe, Intercom, and Twilio have enabled entrepreneurs to sell to millions of consumers and businesses across borders. But managing tax compliance remains a minefield that gets even more intense as companies grow and scale internationally.
Fonoa removes the challenge of managing indirect taxes from the everyday business of digital-native companies, with a suite of plug-and-play products that make up its global tax compliance platform. Since launching in 2018, the company has expanded its product suite heavily and secured big-name clients such as Booking.com, Spotify, Teachable, Uber and Zoom.
With strong funding under its belt, Fonoa has continued to develop towards becoming a fully international player offering services on a global scale. The company is focusing on a full tax stack approach for growth, prioritising technology to suit the digital business models of today. Through this, the company is well-poised to tackle an almost unending market that has catapulted other startups to Unicorn status.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
196% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jul 2022
$60m
SERIES B
Nov 2021
$20.5m
SERIES A
Total funding: $85m
Company benefits
- Stake in the company: You'll have equity in Fonoa so when we win, you win.
- 25 days paid time off (PTO):Relax, recharge, and come back ready to conquer the (tax)w world.
- Team offsites: Departments and teams organize their own offsites throughout the year - to collaborate, strategize, and spend time together.
- Lunch on us: Bi-Weekly team lunches: Bond with colleagues in the office or virtually.
- Home office allowance: Want a more comfortable chair? Need a new monitor? Would you like to make your space more inspiring? Create the perfect setup at home.
- FUNoa: Once a year, we bring the entire company together for learning, bonding, and fun in a unique and inspiring location somewhere in the world.
Company HQ
North City, Dublin, Ireland
Leadership
Davor Tremac
(CEO)Prior to Fonoa, Davor was a GM at Uber for Southeastern Europe for 4 years, worked in consulting with McKinsey for a decade, and founded a VC-backed startup, Gourmeo.
Filip Sturman
(Co-Founder & COO)Former CPO of the company. Before Fonoa, was a business operator at Uber, Uber Eats, and Trivago between Croatia, Spain, and Germany.
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