Head of Finance, Comun
$250k
+ Equity
More information about location
Wealth building for immigrants in the US
Job no longer available
Wealth building for immigrants in the US
21-100 employees
Job no longer available
$250k
+ Equity
More information about location
21-100 employees
Company mission
To promote social mobility for immigrants and their families.
Role
Who you are
- A bachelor’s degree or its foreign equivalent in Business Administration, Finance, Business Analytics, Accounting, or a related field, plus 2 years of experience as a financial manager or in a related role. The required prior experience must include:
- 2 years of leadership experience working with boards of directors and private market investors, including preparing board materials and presenting and leading board meetings
- 2 years of experience fundraising equity capital, including investor outreach, building data rooms, and leading the due diligence process
- 2 years of experience in capital markets, including investor outreach, securing term sheets, structuring the facility, managing the cash flow, and leading reporting requirements
- 2 years of experience overseeing financial audits
- 2 years of experience defining and implementing optimal tax and regulatory structures
- 2 years of experience managing ERP and HR systems
- 2 years of experience defining the financial operations structure of a financial services business and selecting and implementing a reconciliation tool
- 2 years of experience owning the financial model of a company
- 2 years of experience working with large databases applied to financial analysis
- 2 years of experience leading negotiations with vendors and partners
- 2 years of experience owning and leading the quarterly Objectives and Key Results process for a company
- 2 years of experience hiring and building a finance team
What the job involves
- Ensure timely and accurate financial reporting, including monthly, quarterly, and annual financial statements
- Ensure compliance with accounting standards and manage the annual financial audit process
- Manage our ERP system
- Oversee the annual financial audit process
- Ensure tax compliance with federal, state, and local regulations
- Collaborate with auditors and legal teams on the tax implications of business decisions
- Establish and implement the most optimal tax and compliance structure for the company’s business model
- Lead the implementation of a reconciliation tool to reduce unreconciled transactions and improve the efficiency and controls of our financial operations
- Establish and maintain policies and procedures to mitigate financial operational risk
- Manage our Accounts Payable & Receivable to ensure timely payments and collections, optimizing working capital
- Oversee the payroll process through our HR system
- Manage liquidity risk through cash flow forecasting to ensure sufficient cash flow for operational needs
- Establish and manage relationships with banks and financial institutions
- Optimize surplus cash investments while ensuring effective risk management
- Lead fundraising and structuring efforts to secure credit facilities for the company’s credit operations
- Manage relationships with lenders and operate the credit facility
- Ensure compliance with all debt covenants and reporting requirements
- Develop and maintain our financial model and cash flow projections
- Lead monthly meetings to analyze performance and deviations from projections
- Ensure alignment between the different company areas on targets during the quarterly Objectives and Key Results process
- Leverage data analytics skills to process data from our database (Snowflake) to develop and obtain key performance indicators for the rest of the company
- Own the unit economics of the company, providing insights for optimal business decision-making
- Lead negotiations with vendors and partners to strengthen our unit economics
- Prepare materials for quarterly Board Meetings, participate and lead Board Meetings
- Partner with the CEO in equity fundraising activities
- Maintain strong relationships with investors and financial institutions
- Build, lead, and develop the finance team, fostering a culture of high performance and continuous improvement
- Develop and execute the company’s financial strategy in alignment with business objectives and long-term goals
Application process
- To apply, Send resume or CV and reference HF
Our take
In the US, it is difficult for immigrants to access financial services or build financial stability for themselves and their families. Barriers such as language, lack of documentation and the cost of services contribute to a structural opportunity gap. This is what Comun hopes to combat.
Acting as a financial ally for its users, Comun enables Latino immigrants in the US to open a checking account using any valid ID from their home country. Having this account enables people to deposit cash, send money home securely, access their paycheck early and talk to support in their own language.
All these features combine to make Comun the perfect place for people to gain control and peace of mind over their finances. This valuable idea has gained the interest of investors, who supplied funds that the company is using to build a financial hub with expanded solutions and resources.
Kirsty
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 3 rounds)
Aug 2024
$21.5m
SERIES A
Feb 2023
$4.5m
SEED
Total funding: $30.5m
Company benefits
- Generous equity
- Medical, dental, and vision insurance
- 401(k)
- Gym Pass subscription
- Daily office lunch
- Paid parental leave
- Unlimited PTO
- Remote work when traveling
- Bi-annual company-wide destination offsites
- Visa sponsorship
Company HQ
Midtown Manhattan, New York, NY
Leadership
Andres Santos
(CEO & Co-founder)Previously an Investor with FJ Labs, Category Head at Sigma Alimentos and Founder / CEO at Neomesa.
Abiel Gutierrez
(CTO & Co-founder)Previously Tech Lead / Manager (Growth) at Brex. Interned in SWE/PM at Adyen, and in Engineering at Apple and Carbon Five.
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