Director of Finance Job at Payability, New York, NY

ZXpMOVp5dmJRRlZWTFVIKzU1WmJnR3FNSWc9PQ==
  • 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

Salary range is $125,000 to $175,000

Job Tags

Daily paid, Full time, Flexible hours,

Similar Jobs

Common Room

Revenue Operations Manager Job at Common Room

 ...B2B companies. And were backed by 25+ operators from the fastest-growing companies in the...  ...love to meet you. What Youll Do Our Revenue Operations team is focused on driving...  ...lifecycle. We need a Revenue Operations Manager who thrives on turning GTM data into actionable... 

F45 Training - Leaside

Group Fitness Instructor / Personal Trainer Job at F45 Training - Leaside

 ...F45 Training Leaside in Toronto, ON is looking for one group fitness instructor / personal trainer to join our team. We are located on 1669 Bayview Ave. Our ideal candidate is self-driven, motivated, and engaged. We are looking for energetic, motivating, knowledgeable... 

Selby Jennings

Financial Advisor Job at Selby Jennings

 ...and Series 66 Product Knowledge: Wealth management, estate planning, trusts, IRAs, 401ks/defined benefit plans, and/or high-net worth clients Preferred Qualifications: ~ Language: Hindi, Gujarati, Punjabi, and/or Urdu URGENT HIRE! Click apply now!... 

Offmax Logistics LLC

Sprinter Van/Cargo Van Owner Operator Job at Offmax Logistics LLC

 ...important they are to the economy. We are looking for owner-operators with their box trucks or sprinter vans who are highly motivated. We offer high-paying loads...  ....MINIMUM QUALIFICATIONS: Own a Sprinter Van or Cargo Van under 10,000 lbs in GVWR. (14ft and below). NO RENTALS... 

Destinee Travel

Travel Agent - Work From Home Job at Destinee Travel

A Travel Agent is responsible for assisting clients in planning and booking travel arrangements, including flights, accommodation, transportation...  ...Work Environment: Our Travel Agents will work remotely from home. They may also attend industry events, trade shows, or...