Job Description
We are looking for an experienced, detail-oriented, FP&A Manager to add depth to our finance infrastructure. We’re growing fast and we need an entrepreneurial finance maven who has the skills and horsepower to scale with us.
YOU ARE:
A numbers guru. A data junkie. And a savvy communicator — particularly when it comes to presenting.
You have substantial FP&A experience and you see through the lens of the big picture. You’ve dabbled in some accounting and could book accruals if you had to. You’re pretty good at everything, but really good at the details — and you’re relentless about following-up. You’re a self-starter and GTD disciple who needs limited supervision. You’ve never been late to a meeting, even though you can’t stand them. You’ve built more Excel models from scratch than you can remember, but your secret weapon is your ability to navigate Keynote. Caffeine doesn’t affect you, but thoughts of working capital optimization keep you up at night. You love coming to work every day. And most importantly, you’re the glue that binds your team together.
YOU WILL OWN:
Curating a cohesive narrative for ad-hoc analysis, financial reporting results, and delivering recommendations to leadership regarding health of the business
Financial reporting and related materials for management review, board materials, and investor relations
Compiling and tracking KPIs and internal metrics
Oversight and maintenance of updating annual budget and model / projections
Identifying and pursuing opportunities to manage and improve our working capital (including lines of credit, payment terms, etc.)
Managing our capitalization table for new options / warrants issuances and exercises
Drafting marketing materials and negotiating documentation related to financing and fundraises
YOU SHOULD ALSO KNOW:
You’ll be wearing other hats as necessary, including supporting projects related to compliance, risk management, and HR
We think outside the box here – you’ll have to be comfortable in the grey space
RenoFi is a venture-backed financial technology company empowering a better way for consumers to finance home renovations.
American homeowners just spent months trapped in their homes. Every single one of them has identified a renovation that would have made their lives immeasurably better. The demand for home renovations will never be stronger once the recovery starts, yet, COVID or not, it’s surprisingly difficult for a homeowner to renovate.
The shortage in affordable housing stock and the down payment barriers can result in a decade or more of payments to build up enough home equity and savings to pay for a major renovation. As a result, recent homeowners do a lot of financially-suboptimal things to compensate – like borrow from their 401k, rack up credit card debt, and use high-interest personal loans. Worse, they just live unhappily for years in a home that doesn’t meet their family’s needs.
RenoFi operates under the principle that by completing a major renovation, homeowners are increasing the value of their home. Professional real estate investors leverage this After Renovation Value (ARV) to roll the increase in value into new properties all the time. Until RenoFi, there hasn’t been a great way for homeowners to take advantage of this.
RenoFi has created a suite of new financial loan products that are based on the expected value of the home post-renovation. By using the After Renovation Value, homeowners unlock the additional equity needed to finance their entire project (sometimes up to 10x the borrowing power) while ensuring they get the lowest rate possible. RenoFi is not the lender; instead, we provide the technology platform to power our lending partners. Our proprietary Renovation Underwriting Platform is what makes RenoFi Loans possible. Mortgage professionals are a great source of consumer demand for our products, We also market our loans directly to homeowners. After an eligibility review and some financial literacy work, they are matched to our lending partners. RenoFi receives a fee for bringing them new customers and leveraging our Renovation Underwriting platform. Importantly, RenoFi is free for homeowners, a win-win-win for everyone.
RenoFi is backed by some of the best startup investors in the world including First Round Capital, Comcast Ventures, and Canaan Partners.