Director of Finance Job at Payability, New York, NY

MGlSWGV1UWhSNytoZUFWYlBuOW5RQmdLVWc9PQ==
  • Payability
  • New York, NY

Job Description

Company Overview:

Payability empowers eCommerce sellers with flexible funding and tailored cash flow solutions. Since our founding in 2015, we have helped thousands of eCommerce sellers scale their businesses by providing over $6 billion in funding to date. Payability is fully remote and we are looking for talented people to join our dynamic team. We are on a mission to provide capital and payment solutions for eCommerce sellers, suppliers and merchants; powered by automation, delivered friction-free.

Payability is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Position Overview:

Payability is seeking a Director of Finance, reporting directly to the CEO. The Payability Finance team is responsible for several critical disciplines within the organization, including daily payment operations, financial analysis and reporting, underwriting, risk management, collections, credit facility compliance and accounting. The Director of Finance will hold primary responsibility for cash management, financial and risk analysis, forecasting and budgeting, and reporting automation. This individual will also have oversight responsibility for the accounting, collections and underwriting and risk functions including personnel management. 


The ideal candidate is passionate about the fintech and financial services industry, adept at handling large datasets, effectively manages and motivates their team, and thrives in a fast-paced environment. This position offers high visibility to the executive team and requires strong communication skills and effective problem-solving abilities, with a particular focus on financial analysis. 

Responsibilities:

  • Cash management: oversee daily cash operations and manage liquidity; monitor cash flow and forecast future cash needs; oversee treasury relationships and optimize cash positions. 
  • Financial planning and analysis: develop and maintain financial models, forecasts and budgets; perform variance analysis and evaluate risk to provide actionable insights; support strategic planning and decision-making processes; proactively identify, communicate, and solve for business and financial risks. 
  • Credit Facility: manage relationship with bank lender; ensure continued compliance with credit facility including daily borrowing base and periodic financial reporting, covenant certificates and audit requirements. 
  • Reporting and automation: prepare and present financial reports to the executive team, lenders and potential investors; implement and improve financial reporting processes; drive automation initiatives to enhance efficiency and accuracy. 
  • Finance team management: oversight responsibility for the accounting, collections, underwriting and risk functions; manage personnel; foster a collaborative and high-performing team environment; implement and maintain appropriate internal controls. 
    • Accounting: month-end close, accounts payable and expense management, annual financial statements audit, tax compliance, payroll compliance (through PEO). 
    • Collections: timely and compliant UCC-1 filings, monitoring customer credit limits, collecting past due funds, freezing or suspending customer accounts where necessary, partnering with outside collections agencies. 
    • Underwriting and Risk: initial underwriting for new customers; ongoing risk profile and concentration risk monitoring for existing customers; compliance with financial regulations and operational audits.

Requirements

  • Bachelor’s degree in finance, accounting, economics or a related field; MBA or other financial certification preferred (e.g. CPA, CFA, etc.)
  • At least 5 years relevant experience, including management responsibilities; fintech and/or startup experience preferred
  • Proficient with financial modeling, data analysis and financial reporting 
  • Skilled with spreadsheets, dashboards and queries to extract, manipulate and transform data 
  • Excellent analytical and problem solving skills 
  • Must be detail-oriented and produce accurate and timely work 
  • Adaptable and able to thrive in a rapidly changing environment
  • Operates with a sense of urgency while managing multiple priorities
  • Effectively communicates and collaborates across the organization 
  • Successfully leads, manages and motivates team to achieve results
  • Highly motivated, intellectually curious, and a team player
  • Ability to work remotely and on east coast hours

Job Tags

Daily paid, Full time, Remote job, Flexible hours,

Similar Jobs

Youtech

SEO Copywriter Job at Youtech

 ...marketing strategies. Join us in shaping the future of marketing excellence.About the Job:Youtech is in search of a skilled SEO Copywriter to become an integral part of our team. This is a full-time, in-house position with office hours from Monday to Friday. As an... 

Rocky Mountain Prep

Campus Operations Associate Job at Rocky Mountain Prep

 ...to drive 95% daily attendance Serve as Tier 1 attendance support Effectively track attendance in IC to ensure compliance with DPS and Safety standards Enrollment Co-lead attendance strategy and outcomes to drive 100% enrollment by Oct Count Participate in... 

Synergy Sales Co

Spectrum Sales Retail Associate- Walmart location Job at Synergy Sales Co

Summary Synergy Sales is seeking Brand Ambassadors/ Sales Representatives to join exciting, new campaigns! We take on Direct Sales & Marketing for our Fortune 500 clients- promoting their products and services in Residential, Retail and Event settings. This is a great...

Erika4Travel

Travel Blogger/Content Creator Job at Erika4Travel

 ...creation, blogging, or vlogging is highly desirable. A background in journalism, communications, or media is beneficial Education: A degree...  ..., and multimedia editing tools Work Environment: Remote Work: Often a remote role, with the flexibility to work from anywhere... 

Espen Technology

Accounting Manager/Controller Job at Espen Technology

 ...Job Title: Accounting Manager/Controller Company: Espen Technology Inc. Contact: ****@*****.*** Location: 12257 Florence Ave., Santa Fe Springs, CA 90670 About Us: At Espen Technology, the forefront leader in energy management industry, providing innovative...