Soma Capital Portfolio Jobs

Head of FP&A

Instawork

Instawork

Administration
San Francisco, CA, USA
Posted on Saturday, April 20, 2024

At Instawork, we’re driven by our vision to create economic opportunity for local businesses and skilled hourly professionals in communities around the world. With a growing number of hub cities across the world in the U.S., Canada, India, and beyond, we’re looking for top talent to help rapidly scale our high-tech and high-touch labor marketplace. Our accomplished and dedicated team is passionate about our mission and committed to crafting revolutionary products, all with the backing of our world-class investors, including Benchmark, Spark Capital, Craft Ventures, Greylock Capital, Y Combinator, and more!

FP&A is a critical function for Instawork. The Head of Financial Planning and Analysis will play a leadership role in shaping the Finance team and building the FP&A practice. Reporting directly to the Chief Financial Officer, you will continue to build out the foundation of the FP&A organization and develop over time the team, processes, and systems that will allow the company to continue to scale in a financially sound way for the years to come. You will be empowered to drive improvements in the quality of our work as Instawork grows. We are seeking a seasoned finance leader with an entrepreneurial drive, strong leadership skills, and proven ability to partner with various business leaders. This role will be in our San Francisco HQ.

What You’ll Do

  • Lead the FP&A team that will support the executive team in understanding the financial implications of strategic decisions (resource investments, spend allocation, business planning, etc.)
  • Drive strategic financial planning, building long range plans and size strategic initiatives in partnership with operating leads across the business
  • Lead the annual operating budget process, track and report on performance relative to plan, and manage ongoing rolling forecast updates. Drive operational excellence and detail orientation
  • Improve operating teams’ understanding of financial statements and budget adherence with thoughtful and transparent analysis and partnership
  • Establish, track and monitor key operating metrics used to drive the business to greater efficiency
  • Define and report on the key business metrics, proactively analyze business trends and identify opportunities to improve financial performance
  • Create ad-hoc analyses to drive business strategy, improve efficiency and maximize ROI
  • Collaborate with operating teams and provide fact-based recommendations that support revenue growth targets and improve profitability, operating efficiency and effectiveness
  • Assist in preparation of materials for Board of Director meetings
  • Continuously improve FP&A processes, tools, and methodologies to enhance efficiency, accuracy, and value-add of the function.

Who You Are

  • 10+ years of experience in professional financial practice/corporate finance, including FP&A leadership
  • Experienced at managing high-performing FP&A teams and evolving the FP&A processes, in particular for a fast-growing organization
  • Experience in late stage private or public companies strongly preferred
  • Degree in Finance, Accounting, Economics or Business Administration preferred
  • Advanced understanding of GAAP financial statements
  • Rigorous analytical thinking and strong problem-solving skills
  • Have a clear track record of successfully cultivating cross-functional business partnerships
  • Effective written and verbal communication skills, also at the executive level
  • Ability to strive in a fast-paced environment and to deal with ambiguous situations

For CA based applicants:

  • The base salary for this position is $200,000 - $260,000
  • This position is eligible for equity in the form of stock options
  • This position is eligible for Instawork benefits, including:
    • A variety of medical, dental, and vision plans with coverage beginning on the date of hire
    • Flexible paid time off
    • At least 8 paid company holidays annually
    • Home office stipend
    • Phone stipend
    • Commuter stipend
    • Supplemental pay on qualified leaves
    • Employee health savings accounts (HSA) contribution
    • Flexible spending plans
    • 401K plan
    • Perkspot - discount program through Lumity

A variety of factors are considered when determining someone’s compensation including a candidate’s professional background, experience, and location. Final offer amounts may vary from the amounts listed above.

Instawork Values

  • Bias for Action -- We are a growing team and an evolving product. We want a team of do’ers to drive the company forward, even if it means making decisions with incomplete information or being wrong.
  • Act Like an Owner -- Treat this company as though it is your own. Execute on the fundamentals, and act creatively to drive growth. Your ability to drive impact in any part of our company is only limited by your courage and conviction, not your job title.
  • Always Be Learning -- We are changing an entire industry. We strive to learn from each other and get better each day, week, and month, so that our team’s learnings can compound and we can all improve, together.
  • Empathy, Trust, Candor -- Empathy for our business partners and professionals means we put ourselves in their shoes. Empathy for our colleagues means we are always upfront and honest with each other, which comes from trust.

About Instawork

Founded in 2016, Instawork is the leading flexible work app for local, hourly professionals. Its digital marketplace connects thousands of businesses and more than five million workers, filling a critical role in local economies. Instawork has been featured on CBS News, the Wall Street Journal, The Washington Post, Associated Press, and more. In 2022, Instawork was ranked among the country’s top 10% of fastest-growing companies by Inc. 5000 and was included in the Forbes Next Billion Dollar Startup list. Instawork was also named the 2022 ACE Award recipient for “Best Innovation” and one of the “Best Business Apps” by Business Insider. Instawork helps businesses in the food & beverage, hospitality, and warehouse/logistics industries fill temporary and permanent job opportunities in more than 25 markets across the U.S. and Canada.

For more information visit www.instawork.com

We value diversity on our team and firmly believe Instawork is stronger when we hire people who make their own unique contributions to our culture. We welcome all applicants and encourage candidates from underrepresented backgrounds to apply.

To learn more about our company values, please visit: https://info.instawork.com/about

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