Director of Finance

Summary

Join Payability as their Director of Finance, reporting directly to the CEO. You will oversee cash management, financial and risk analysis, forecasting and budgeting, and reporting automation. This role includes managing the accounting, collections, underwriting, and risk functions, requiring strong leadership and communication skills. The ideal candidate is passionate about fintech, adept at handling large datasets, and thrives in a fast-paced environment. High visibility to the executive team is a key aspect of this position, demanding effective problem-solving abilities with a focus on financial analysis. You will be responsible for managing a team and ensuring compliance with financial regulations.

Requirements

• Bachelor’s degree in finance, accounting, economics or a related field
• At least 5 years relevant experience, including management responsibilities
• 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

Responsibilities

• Oversee daily cash operations and manage liquidity
• Monitor cash flow and forecast future cash needs
• Oversee treasury relationships and optimize cash positions
• 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
• Manage relationship with bank lender
• Ensure continued compliance with credit facility including daily borrowing base and periodic financial reporting, covenant certificates and audit requirements
• 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
• 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
• Month-end close, accounts payable and expense management, annual financial statements audit, tax compliance, payroll compliance (through PEO)
• 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
• Initial underwriting for new customers
• Ongoing risk profile and concentration risk monitoring for existing customers
• Compliance with financial regulations and operational audits

Preferred Qualifications

• MBA or other financial certification preferred (e.g. CPA, CFA, etc.)
• Fintech and/or startup experience preferred