Head of Finance (San Francisco) Job at Comun Banking, San Francisco, CA

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  • Comun Banking
  • San Francisco, CA

Job Description

Location

NYC Office

Employment Type

Full time

Department

Corporate

About Comn

Comuns mission is to help Hispanic immigrants turn their hard work into upward mobility starting with financial services that support their transition from a cash-based system to the digital economy.

We offer checking accounts that can be opened using 100+ types of Latin American IDs, access to over 90K locations nationwide to deposit cash, international transfers to 17 countries at market-leading rates, and 24/7 bilingual customer support with <5 min SLA across email, chat, and phone.

We currently process over $1.5B in annual transaction volume and surpassed $100M in annualized international transfers just six months after launch. Comun has raised +$50M from top investors including Redpoint, Costanoa Ventures, and South Park Commons. Our team brings experience from leading fintech companies like Brex, Nubank, and Mercury.

We believe immigrants are the ultimate entrepreneurs driven by relentless ambition and a vision for a better future for their families. Comun exists to serve them throughout their journey.

Learn more at comun.app/nosotros

Responsibilities

1. Accounting & Reporting:

- 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.

2. Taxes:

- 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 companys business model.

3. Financial Control and Operations:

- 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.

4. Treasury:

- 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.

5. Capital Markets:

- Lead fundraising and structuring efforts to secure credit facilities for the companys credit operations.

- Manage relationships with lenders and operate the credit facility.

- Ensure compliance with all debt covenants and reporting requirements.

6. Financial Planning & Analysis (FP&A):

- 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.

7. Strategic Finance:

- 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.

8. Team Leadership:

- Build, lead, and develop the finance team, fostering a culture of high performance and continuous improvement.

9. Strategic Financial Leadership:

- Develop and execute the companys financial strategy in alignment with business objectives and long-term goals.

Job Requirements

A bachelors 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.

To apply, Send resume or CV to jobs@comun.app and reference HF.

Travel requirement: Up to 20% domestic and international travel required

Annual salary: $250,000

Role applicable for our internal referral program. If you know someone amazing, we want to hear from you.

Team

We are a team of 40 based out of New York, coming from industry-leading companies like Brex, Nubank, Cruise, and Verkada. Over half of us are immigrants, and have experienced the problems were solving first hand. We value customer focus, high ambition, principled decision-making, and deep trust.

Full Time Employee Benefits

  • Competitive salary and generous equity
  • Medical, dental, and vision insurance
  • Gym Pass subscription
  • Daily office lunch in NYC Office
  • Paid parental leave
  • Flexible PTO
  • Remote-friendly when traveling
  • Company-wide offsites
  • 401(k) for US employees
  • Visit to our NYC Office for remote team members
  • Visa sponsorship if applicable

Comn is proud to be an equal opportunity employer. We are committed to building a diverse and inclusive culture that celebrates authenticity. We do not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, protected veteran status, or any other legally protected characteristics.

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Job Tags

Full time, Work at office, Local area, Remote work, Visa sponsorship, Flexible hours,

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