Controller, Kafene
$130-150k
Lease-to-own options for furniture, appliances, electronics, and more
Be an early applicant
Lease-to-own options for furniture, appliances, electronics, and more
101-200 employees
Be an early applicant
$130-150k
101-200 employees
Company mission
To empower flexible ownership solutions.
Role
Who you are
- The ideal candidate will maintain rigorous financial records while driving operational efficiency and contributing to the company’s long-term financial strategy
- Bachelor’s degree in Accounting, Finance, or a related field; CPA certification strongly preferred
- Minimum of 5 years of progressive accounting experience, including at least 3 years in a managerial or leadership role
- In-depth knowledge of financial accounting principles, financial reporting standards, and regulatory compliance
- Hands-on experience with accounting software and ERP systems (e.g., QuickBooks, NetSuite, SAP)
- Proficient in Microsoft Office Suite, particularly Excel, Word, and PowerPoint
- Exceptional analytical, problem-solving, and organizational skills
- Proven leadership skills with a track record of managing, mentoring, and developing high-performing teams
- Ability to thrive in a fast-paced environment, effectively prioritize tasks, and meet tight deadlines
- Excellent communication and interpersonal skills, with the ability to collaborate across all levels and functions of the organization
What the job involves
- Our team is seeking a controller to oversee all financial and accounting operations
- Reporting directly to the Chief Financial Officer, the Controller will lead finance operations, ensure compliance with relevant accounting standards and regulations, and prepare accurate financial statements
- This role requires strategic financial insight, high-level decision-making, and the ability to support executive leadership with in-depth financial analysis
- Oversee day-to-day accounting operations, including general ledger, accounts payable and receivable, payroll, and cash management
- Prepare, review, and ensure the accuracy of monthly, quarterly, and annual financial statements
- Ensure compliance with GAAP, regulatory requirements, and internal financial policies
- Lead the preparation of financial reports for senior management, auditors, and external stakeholders
- Monitor financial performance against the budget; analyze variances and provide actionable insights and recommendations
- Develop, implement, and maintain robust internal controls to protect company assets and ensure the integrity of financial reporting
- Coordinate and manage external audits; ensure full compliance with all tax and financial reporting obligations
- Analyze complex financial data to identify trends, assess business performance, and support strategic decision-making
- Manage cash flow to maintain appropriate liquidity levels and optimize the use of financial resources
- Maintain and strengthen relationships with banks and financial institutions
Our take
Historically, bad credit and poor purchasing power have excluded many consumers from buying higher-priced household items. Classic lenders are reluctant to offer plans to those with poor or absent credit pasts, and it can be hard for low-income households to save enough money for upfront purchasing. Kafene, founded in 2019, integrates lease-to-own agreements at point-of-purchase; opening up furniture, appliance, and electronics businesses to underserved consumers.
Lease-to-own is no new concept, but bringing this type of agreement to furniture and similar markets is relatively novel by comparison. Kafene’s toolbox – driven by custom-built technology – underwrites, approves, and enables payment in less than five minutes. Its point-of-sale nature means it does not interrupt the shopping experience and, additionally, consumers can manage existing leases through the website which encourages a positive consumer-lender relationship.
Kafene has seen substantial investment which is set to increase headcount to meet demand from merchants and consumers. Although it is only one of many buy-now-pay-later startups, the market for these platforms is huge and there is certainly room within it for Kafene to continue to grow.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Oct 2023
$12.6m
SERIES B
Sep 2022
$18m
SERIES B
Total funding: $77.1m
Company benefits
- Comprehensive healthcare coverage, including dental, vision, and dependent care benefits
- 401(k) plan and options for medical HSA and FSA
- Generous paid time off and parental leave
- Hybrid workplace setup with home office equipment provided
Company HQ
Midtown East, New York, NY
Leadership
Neal Desai
(Co-Founder & CEO)Former CFO at Octane Lending. Prior experience as a Portfolio Manager. Has worked at Summit Securities Group, Hard Eight Holdings, and Merrill Lynch.
James Schuler
(Co-Founder & CTO)Co-founded Atlas Holdings Group, FundElevator and Eligible Inc, and was CTO at all three.
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