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RundooRedwood City, CA, US- serp_jobs.job_card.full_time
Strategic Finance And People Operations Expert
Rundoo's mission is to build cutting-edge software that helps building materials suppliers enhance their businesses. Think of your local hardware store or mom and pop shopthese are our clients who we partner with across the country. From paint to hardware to flooring, stores across these industries sell over $1T of building materials annually using outdated, on-premises systems. We're aiming to change by being the first in the industry to empower independent supply stores with best-in-class technology.
Backed by leading investors including Bessemer and CRV, we've raised $18M across three rounds and are growing quickly. Our team is made up of builders, sellers, and industry veterans with a shared goal : to bring modern technology to an overlooked industry.
We have found product-market fit and are now working to scale quickly : we want to 2-3x each year for the next five years. To ensure we scale with maximum capital efficiency, we want to bring on an expert in strategic finance. In addition to finance, we want this expert to own our people strategy. Why? Because people are both the largest financial expense and the largest financial driver of success. Our investors agree : their most successful portfolio companies at our stage marry financial and people operations.
As such, this is the broadest role we have hired externally for, and we're excited at the impact you can have! If you and Rundoo are successful, we hope you will build out a team and eventually become CFO.
By the end of your third month, we want you to own the below 10 things. The first 7 are traditionally finance :
- Build the operating model Define the underlying drivers of the business and then model all cash inflows and outflows on a forward-looking basis that ends up matching reality. This model will be the bedrock of all strategic decisions we make.
- Make strategic recommendations Based on the above operating model, make recommendations on hiring, fundraising, and any other key metrics that drive the business.
- Communicate with our investors During quarterly board meetings and ad hoc data requests, communicate with our current investors on the financial status of the business.
- Fundraise from new venture capitalists Work with the co-founders to tell the compelling financial story of the business to attract additional investments.
- Hold the team accountable Every team has a metric they are driving toward. Ensure this metric is calculated correctly and in front of the teams so they can manage toward it. If they are not on track, flag it immediately.
- Close the books Ensure our P&L, balance sheet, and cash flow statement are generated in an accurate and timely manner at month-end. As we grow, we will likely have investor-mandated audits that we expect you to lead us through.
- Ensure compliance Ensure we pay all income, payroll, and other taxes on time, working with outside professionals as needed. Ensure we are filing all necessary franchise fees, licenses, forms, and the like.
And the last 3 are traditionally people (recruiting / HR) :
By your third month, your level of independence will largely determine your success or failure.
If we are in the failure situation, we will either part ways or move you elsewhere in the company.
$213k-$251k, 0.0932%-0.1732% equity
We leveled this role at the 75th percentile of either Senior Finance Manager (lower end of the band) or Director of Finance (higher end of band) for tech startups in the SF Bay Area at our valuation.
Because this role will bring an orthogonal skill set to the company, we will lean heavily on opinions of those outside the company. Namely, you will interview with one of our investors, and we will lean heavily on references.
Requirements
The below are non-negotiable. If you do not have the below, then you will not be considered for this role :
Nice-to-haves
For a particularly hungry and competent candidate, we are happy to forego any of the below requirements :
About our founders
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