Financial Operations Lead, Flex

$133-149k

+ Company equity

SQL

Tableau

Excel

Junior and Mid level

San Francisco Bay Area

More information about location

3 days a week in office ( San Mateo, CA)

Flexible rent payment application

Be an early applicant

Flexible rent payment application

501-1000 employees

B2BPaymentsRentingFinancial ServicesMobile

Be an early applicant

$133-149k

+ Company equity

SQL

Tableau

Excel

Junior and Mid level

San Francisco Bay Area

More information about location

3 days a week in office ( San Mateo, CA)

501-1000 employees

B2BPaymentsRentingFinancial ServicesMobile

Company mission

Flex's mission is to empower as many renters as possible with flexibility over their most significant recurring expense.

Job

Company

Role

Who you are

2+ years of relevant industry experience at a financial institution with a complex Treasury operation
1-2 days per month of weekend availability required
Broad understanding of treasury operations, cash controls, reconciliation reporting and capital markets
Strong experience with Excel and SQL/Tableau is a plus
BA/BS degree in a quantitative discipline or equivalent work experience; MBA or CFA is a plus

What the job involves

The Treasury team develops and implements strategies to efficiently operate our business, which pays over $1 billion in customer rents each month—one of Flex’s most critical functions
As part of this team, this role offers an opportunity to learn Finance, Treasury, and Risk principles, with an initial focus on financial operations such as tracking and validating payments, conducting human review for fraud detection, and reconciling data systems with bank ledgers. Additionally, the ideal candidate will be extremely detail-oriented and possess strong interpersonal skills
Execute daily treasury operations, from processing customer collections to monitoring cash activity across multiple accounts
Drive the daily reconciliation process for all funds movements, proactively identifying and escalating any discrepancies
Daily processing and review of incoming NACHA files for transactions related to rent payment on behalf of customers
Work closely with the Engineering and Product teams to onboard new products and continuously improve cash controls and reconciliation processes
Support the operationalization of new product fund flows, collaborating with cross-functional teams to ensure smooth implementation
Maintain a robust cash controls environment by adhering to established policies and procedures
Partner with the Capital Markets team to ensure seamless and adequate funding for daily operations
Assist with daily cash reporting and help monitor liquidity to prevent business disruptions
Support ongoing banking relationships by preparing reports, data, and presentations

Our take

Many people struggle to pay their rent every month, with a variety of bills hitting their bank accounts simultaneously. Whilst many of these people earn enough money to cover their bills, the inflexible nature of monthly bills can make the all-in-one payment a harder obstacle.

Flex provides a mobile application for the flexible payment of rent, allowing users to pay their landlords through flexible payment plans, reschedule payments when necessary, and protect their funds through Overdraft Protection. The company achieves this by partnering with estate agents and paying their resident's bills upfront, taking on the challenges that landlords would normally have due to late payments.

Flex has experienced extremely rapid growth since its founding which has caused some issues, as it struggled to keep up with the surge in new customers. Having made improvements to its product and scaled its customer service team, it is set to continue providing a service that has come to be highly valued by both tenants and landlords.

Freddie

Company Specialist at Welcome to the Jungle

Insights

Top investors

10% employee growth in 12 months

Glassdoor (3.5)

Company

Funding (last 2 of 5 rounds)

Feb 2022

$160m

SERIES C

Apr 2021

$46.6m

SERIES B

Total funding: $225.1m

Company benefits

100% company-paid medical, dental, and vision
401(k) + company stock options
Unlimited paid time off + company paid holidays
Parental leave + IVF and adoption support
Flex Cares Program: Non-profit company match + pet adoption coverage
Pet Insurance
Free Flex subscription

Company HQ

Midtown Manhattan, New York, NY

Leadership

Shragie Lichtenstein

(CEO)

Experience working in venture capital investments for Point72 and TVC. Also co-founded Boundless Reality.

YeTong Shao

(CPO)

Experience as Data Science Researcher. Also co-founded Boundless Reality.

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