Director of Finance, Sunbit
+ Stock options
Buy now, pay later technology platform
Job no longer available
Buy now, pay later technology platform
201-500 employees
Job no longer available
+ Stock options
201-500 employees
Company mission
To eliminate financial waste and pass the savings back to our customers and merchant partners.
Role
Who you are
- The ideal candidate is a strategic thinker with strong leadership skills, a deep understanding of financial principles, a strong work ethic, effective communicator, and someone with a proven track record who brings a focus on continuous improvement and enjoys collaborating with people across the organization in a dynamic and fast-paced environment
- Bachelor's degree in Finance, Accounting, Business, or a related field. MBA or CPA is often preferred
- 7-10 years of progressive experience in finance, with a focus on FP&A, financial reporting, and strategic finance
- Experience at an entity with a balance sheet lending strategy in the fintech industry or with a specialty finance lending company that originates consumer loans and/or credit card receivables is highly desirable
- Strong understanding of financial management principles, GAAP and other relevant accounting standards
- Proven ability to develop and manage budgets, forecasts, and long-range plans
- Excellent analytical and problem-solving skills, with the ability to translate complex financial data into actionable insights
- Strong leadership and communication skills, with the ability to effectively interact with all levels of the organization
- Superior in financial modeling and data analysis tools (e.g., Excel, financial planning software)
- Experience with ERP systems (such as NetSuite) is a plus
- Ability to thrive in a fast-paced, dynamic environment
- Strong work ethic, attention to detail, and commitment to excellence
What the job involves
- Sunbit is seeking a highly motivated and experienced Director, Finance to join our growing team. This critical role will be responsible for overseeing key financial functions, providing strategic financial guidance, and contributing to the overall financial health and growth of the company
- This highly visible role offers a unique opportunity to meaningfully shape the future of our financial operations
- This position reports into the Chief Capital Officer, and will primarily work remotely, but will be required to travel to the LA headquarters as necessary
- Financial Strategy: Partner with business leaders to develop and implement the company's overall financial strategy in alignment with business goals. Provide strategic financial input and leadership to support decision-making at the executive level. Evaluate and recommend potential investments, acquisitions, and other strategic initiatives. Develop financial models and conduct sensitivity analysis to assess potential risks and opportunities
- Financial Planning and Analysis: Lead the development and execution of the company's financial planning process, including budgeting, forecasting, and financial planning activities. Conduct financial analysis and performance monitoring, identify key trends and variances, and provide actionable insights to executive leadership to support business growth and profitability
- Risk Management: Identify and assess financial risks and develop strategies to mitigate them
- Capital Management: Partner with colleagues across the finance department, including Capital Markets and Accounting, in connection with the development and execution of the company’s capital strategy, including debt and equity financings
- Financial Reporting: Lead the preparation and presentation of accurate and timely financial reports to the executive team, board of directors and external stakeholders. Ensure compliance with accounting standards and regulatory requirements
- Investor Relations (as needed):Prepare presentations and serve as a liaison with investors and financial institutions. Communicate the company's financial performance and strategy
- Team Leadership: Lead, mentor and develop a high-performing finance team, and foster a culture of collaboration, accountability, and continuous improvement. Recruit, train, and retain skilled finance professionals
- Special Projects: Lead or participate in special projects as assigned, such as system implementations, due diligence, and other ad-hoc analyses
- Drive financial discipline, fact-based decision-making, and financial visibility across the company
- Drive dialogue between key stakeholders to establish and evolve organizational KPIs
Our take
Buy now pay later (BNPL) options have been a lifeline for consumers who need to make essential purchases but need a bit more breathing space to pay for them. Sunbit provides a BNPL solution to service providers, retailers and consumers, helping thousands of communities where traditional financing options have previously been the only route.
Sunbit disrupts the lengthy process of getting credit, utilising its own proprietary machine learning technology to create personalized payment plans for each customer rather than relying on pre-approval based on a FICO score. Their 30-second approval process makes it an attractive option for retailers looking to increase sales as customers can get an in-store decision. Payback has 3, 6, and 9 month flexible options and the platform covers purchases of up to $10,000.
The company is looking to grow after an impressive financial investment in 2024 that reflects consumers turning to new payment options, such as BNPL. The funding is supporting its Sunbit no-fee credit card and embedded financing partnerships.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
8% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2021
$130m
SERIES D
Sep 2020
$26m
SERIES C
Total funding: $211.2m
Company benefits
- Mission driven + empowered + collaborative
- Competitive pay and stock options
- Health Insurance options including Medical, Dental, Vision, Life, EAP, FSA, & Maternity Leave
- 401K Plan with Matching
- Cell Phone Stipend
- Commuter Supplement for LA Office eligible employees
- Casual Dress
- Monthly Lunches in LA HQ
Leadership
Arad Levertov
(CEO)Arad served in the Israeli Defense Forces as a Major for 5 years, before spending almost 5 years at Intel. They left their role of 6 years as COO of Enova International to co-found Subnit in January 2016.
Ornit Dweck-Maizel
(CTO)Having spent 2 years as an Intel Software Developer, Ornit worked at superderivatives in R&D for 9 years. She co-founded Sunbit in 2016, serving since as CTO.
Tamir Hazan
(Head of AI)Tamir undertook a PhD in Machine Learning and Computer Vision at The Hebrew University before co-founding Sunbit with Ornit, Arad, and Tal. They have been in Analytics since June 2017.
Tal Riesenfeld
(Head of Sales)Tal served in the IDF before spending 2 years at HP in Strategic Marketing and 4 months at Google. They co-founded Eyeview in 2008, working there for 8 years prior to co-founding Sunbit in 2016.
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