Vice President of Treasury, Affirm
$340-380k
Offers ESPP
More information about location
Buy-now-pay-later card for online and in-store
Open for applications
Buy-now-pay-later card for online and in-store
1001+ employees
Open for applications
$340-380k
Offers ESPP
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- The ideal candidate will not only have the technical skills to support their recommendations, but also strong communication skills to collaborate effectively with cross-functional partners
- 15+ years in financial services with significant Treasury or related experience (20+ years total professional experience). Experience at specialty finance or lending institutions is a plus
- BA/BS required; CFA or comparable certifications strongly preferred
- Deep knowledge of structured finance products and markets, particularly in the consumer space
- Proven experience executing corporate unsecured financing transactions
- Advanced financial modeling skills, including framework development, validation, governance, integration, and automation
- Strong background in interest rate derivatives, FX risk management, reporting, stress testing, and collateral requirements
- Familiarity with asset-liability management, corporate capital structure optimization, FX and interest rate risk management, and SNL
- Demonstrated success establishing robust Treasury processes and implementing Treasury management systems (e.g., GTreasury)
- Experienced people leader with a track record of building and leading high-performing teams
- Skilled at working cross-functionally with engineers, technical partners, and business stakeholders in dynamic, fast-paced environments
- Excellent communication and presentation skills, particularly at the executive level
- Flexibility to thrive amid evolving requirements and organizational priorities
What the job involves
- We’re looking for a smart, driven individual to lead our Treasury functions
- You will have the opportunity to work cross-functionally and use quantitative insights to drive better decision-making across the organization. Treasury is responsible for all elements of Affirm cash, funding, and risk management, including ensuring adequate liquidity to meet Affirm’s operational and strategic goals
- Lead all aspects of Treasury across U.S. and international markets, ensuring robust cash management, funding, and financial and operational risk management practices
- Ensure adequate liquidity to meet operational and strategic goals by developing funding plans, optimizing capital allocation, and maintaining strong governance and controls
- Oversee periodic reconciliation, forecasting, and financial reporting activities, including managing the Treasury team’s involvement in information gathering, detailed validation, and thorough review of the company’s quarterly and annual corporate / SEC filings in partnership with Accounting, Strategic Finance (FP&A), and other cross-functional teams
- Collaborate closely with Capital Markets, Engineering, Product, Credit Analytics, and Internal Audit on treasury-related and required reporting initiatives
- Partner with Finance and leadership teams on the annual budget process, corporate capital structure optimization, and liquidity planning initiatives
- Own the development and implementation of hedging strategies, cash reconciliation systems, bank connectivity tools, and treasury controls
- Stay current on regulatory requirements related to interest rate and FX risk, capital, and liquidity; provide guidance on their impact to new products and initiatives
- Develop and maintain an analytical reporting framework for senior management, risk committees (e.g., ALCO, RMC), and the Board
- Manage relationships and strategic corporate initiatives, including project management and transaction execution with external banking partners, rating agencies, and corporate insurance providers
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Serving over 21 million consumers and over 300,000 merchants, the company offers flexible payback options ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- Spending Wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
- Supportive Communities: Get involved with our employee resource groups and community groups
- Remote-first Workforce: If your role is remote, you can set up shop anywhere in your home country
- Generous Time Off: Take the time you need when life happens
- Health Benefits: Get a plan that fits your needs
- Mental Healthcare: Take care of your mind with great mental health programs
- Parental Leave: Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- Away Days: We offer 20 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & Development: Engage in exciting learning programs to level up your growth
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(Co-Founder & CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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