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What is CornerUp?
CornerUp is a fast growing, venture backed, NYC-based marketplace startup providing corner stores and other small food retailers a one-stop-shop platform for discovering and purchasing inventory for their stores.
CornerUp’s mission is to enable these small businesses to compete with today’s large retailers by transforming the way in which they operate through technology and modernization, empowering independent retailers to do their best work and better serve their neighborhood communities.
Headquartered in NYC and backed by some of the world’s leading investors, CornerUp is more than a startup — we are a team focused on supporting our community through our small businesses. We’re looking to add like-minded individuals who are excited to make a beneficial impact within our space and to grow from a company that transformed the procurement side of small businesses to one that will set a new standard in all operations of small businesses.
What we are looking for
We’re looking for a Director of Finance to develop and lead all finance efforts for CornerUp including FP&A, accounting, and financial operations. You’ll be working closely with our CEO and COO and will provide tactical and strategic support in all aspects of our finances. The successful candidate will have 5-7 years of managerial accounting and operational finance management experience in a rapidly growing start-up environment. This role will be ever changing and will require the candidate to be flexible and open-minded, while paying close attention to detail and processes. A successful candidate will have the opportunity to grow into a VP of Finance as the company grows.
What you’ll do
Develop financial operations. You’ll ensure that the team incorporates financial controls and considerations into relevant day-to-day operations and decision-making, product planning, advocating for finance, and product profitability where it makes sense, with a particular focus on developing a methodology and process for tracking and improving fulfilled gross margin, incorporating key inputs from cross-functional partners
Oversee accounting. You’ll work with our accountants to close our books in a timely, efficient manner. You’ll develop and maintain necessary accounting policies and systems and build an accounting department as the company grows. You’ll overseeing transactions related to the general ledger, receivables, payables, payroll and financial reporting
Own FP&A. You’ll help us set and achieve our revenue and budget targets and relevant goals, develop tools to provide critical information to the leadership team and relevant stakeholders to improve our decision-making, monitor and share core performance metrics, manage payroll and benefits.
Manage AP/AR manager and outside vendors
Interact with the board of directors
Provide strategic guidance around capital financing options to support the startup’s growth. Develop the corporate fundraising strategy and manage relationships with partners and investors
Oversee and manage the company’s finance IT system and choose appropriate software programs & processes based on unique needs
Oversee stock administration
Coordinate corporate tax reporting and preparation of tax returns with outside tax accountants
Represent the company externally, as necessary, particularly in banking and lease negotiations
Manage internal and external teams by setting expectations, training internal staff accountants and developing training modules and templates
Who are we looking for?
5 years of related experience in a venture-backed, high-growth start-up that they helped scale and where they helped build new systems from scratch
Bachelor’s degree required; concentration in accounting or finance preferred
CPA, Big 4, and/or recent experience scaling a finance team from inception to $10 million in annual revenues or 75 full-time employees preferred
Retail or e-commerce experience required
Proven track record of working with cross-functional partners to use the finance team to define metrics, set goals, track progress, and drive operational improvements
Strong knowledge of corporate finance and other accounting theory, principles and practices to include GAAP, SaaS accounting, prepaid expenses & accrued revenue, ASC 605: Revenue Recognition, ASC 985-605: Software Revenue Recognition, ASC 805: Business Combinations and ASC 718: Stock-Based Compensation
Solid experience with financial analysis and forecasting, including experience with three statement financial modeling, preparing statistical reports and making recommendations based on analysis and research
Mastery knowledge of Microsoft Office; accounting software including QuickBooks, Xero, NetSuite, Expensify and Bill.com; and budgeting software such as Grow, Domo, and Spotlight
Comfort in the startup environment (i.e., sometimes chaotic and lacking structure) and able to create structure and foundational accounting processes
Strong priority management skills
Proven experience leading, managing and hiring a team
Strong oral and written communication skills
Compensation & Benefits
Salary: $130-160k
PTO
Medical / Dental / Vision & Supplemental Insurance Coverage
Commuter Benefits
Team Events
Equity
CornerUp celebrates the diversity of its employees and is proud to be an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based solely on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
Full Time
$178k-242k (estimate)
07/24/2023
06/25/2024
The job skills required for Director of Finance include Accounting, Leadership, Budgeting, CPA, Financial Statements, Financial Reporting, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Finance. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Finance. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Director of Finance positions, which can be used as a reference in future career path planning. As a Director of Finance, it can be promoted into senior positions as a Top Division Financial Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Finance. You can explore the career advancement for a Director of Finance below and select your interested title to get hiring information.
If you are interested in becoming a Director of Finance, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Director of Finance for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Director of Finance job description and responsibilities
A Director of Finance makes high-level decisions regarding a business’s health, leaving details for the finance and accounting departments.
01/03/2022: Schenectady, NY
Finance Director, given additional responsibility for managing pricing, proposal development; supply agreement approval.
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Financial directors review any capital request and take on the approval process while the controllers of finance process the requests.
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The duties of a Director of Finance are to manage the financial and accounting control functions of an organization.
12/20/2021: Racine, WI
They’re also commonly tasked with managing one or more corporate finance departments, such as accounting or payroll.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Director of Finance jobs
Becoming a director of finance requires a combination of education and relevant work experience.
02/26/2022: Sioux Falls, SD
They must also be good team players, with management skills to lead the finance department.
02/16/2022: Olympia, WA
At least 10 years of accounting and finance experience.
02/23/2022: Seattle, WA
Create partnerships with the other stakeholders.
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The Finance Director should have strong people skills, be a team player and be a proficient multitasker.
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Step 3: View the best colleges and universities for Director of Finance.