Treasury Senior Analyst
Faire
About Faire
Faire is an online wholesale marketplace built on the belief that the future is local — independent retailers around the globe are doing more revenue than Walmart and Amazon combined, but individually, they are small compared to these massive entities. At Faire, we're using the power of tech, data, and machine learning to connect this thriving community of entrepreneurs across the globe. Picture your favorite boutique in town — we help them discover the best products from around the world to sell in their stores. With the right tools and insights, we believe that we can level the playing field so that small businesses everywhere can compete with these big box and e-commerce giants.
By supporting the growth of independent businesses, Faire is driving positive economic impact in local communities, globally. We’re looking for smart, resourceful and passionate people to join us as we power the shop local movement. If you believe in community, come join ours.
About this role
As Faire’s first Treasury hire, the Senior Treasury Analyst will work closely with the Head of Tax and Treasury and Finance leadership to establish a Treasury function at Faire, and to set the vision, strategy and standards by which the Treasury department provides leadership and value to the organization. This will encompass the development of a strategy to efficiently deploy cash across legal entities and cash balances held by payment processing partners to meet day to day operational needs, reviewing the company’s investment strategy to ensure returns are being optimized while risk is managed, and implementing best practices to optimize the company’s cash flows. The successful candidate will assume responsibility for the planning and execution of day-to-day and period-end Treasury activities including managing the company’s cash flow forecast, foreign exchange management, identifying cost-saving and profit maximizing opportunities and ensuring compliance with company, department and audit standards to maximize the protection of the company’s cash assets. Given that this is the company’s first Treasury hire, the role offers significant room for growth for the successful candidate.
What you’ll do
- Serve as primary administrator on online banking platforms and other treasury platforms and supervise maintenance and update signatories on every global bank account
- Manage existing banking relationships to open, manage, and maintain domestic and foreign bank accounts
- Identify opportunities and implement treasury-related business process improvements and cost reductions through periodic reviews of transaction costs and bank and payment processor fees
- Evaluate and recommend banking products, services and platforms as appropriate, including evaluating and suggesting upgrades to the company’s use of technology tools to optimize effectiveness
- Review existing treasury controls and propose and implement updates to ensure adherence with industry best practices
- Monitor FX exposures and develop recommendations to create natural currency hedges and manage risk
- Track cash investment activities and research and present opportunities for improvement/optimization
- Collaborate with and support internal and external business partners including AR, AP, legal, tax and IT and the company’s internal and external auditors
- Oversee and manage the company’s daily cash forecast and global cash position ● Review electronic disbursements and including ACH and wire payments
- Manage corporate card, ACH debits and credit card programs and troubleshoot daily transaction issues
Qualifications
- Bachelor’s degree in Accounting or Finance
- 5+ years experience working in corporate treasury
- CTP or CPA preferred
Salary Range
California: the pay range for this role is $151,000 - $207,500 per year.
This role will also be eligible for equity and benefits. Actual base pay will be determined based on permissible factors such as transferable skills, work experience, market demands, and primary work location. The base pay range provided is subject to change and may be modified in the future.
This role will be in-office on a hybrid schedule - Faire employees will be expected to go into the office 2 days per week on Tuesdays and Thursdays, effective the week of January 13, 2025. Additionally, in-office roles will have the flexibility to work remotely up to 4 weeks per year.
Applications for this position will be accepted for a minimum of 30 days from the posting date.
Why you’ll love working at Faire
- We are entrepreneurs: Faire is being built for entrepreneurs, by entrepreneurs. We believe entrepreneurship is a calling and our mission is to empower entrepreneurs to chase their dreams. Every member of our team is taking part in the founding process.
- We are using technology and data to level the playing field: We are leveraging the power of product innovation and machine learning to connect brands and boutiques from all over the world, building a growing community of more than 350,000 small business owners.
- We build products our customers love: Everything we do is ultimately in the service of helping our customers grow their business because our goal is to grow the pie - not steal a piece from it. Running a small business is hard work, but using Faire makes it easy.
- We are curious and resourceful: Inquisitive by default, we explore every possibility, test every assumption, and develop creative solutions to the challenges at hand. We lead with curiosity and data in our decision making, and reason from a first principles mentality.
Faire was founded in 2017 by a team of early product and engineering leads from Square. We’re backed by some of the top investors in retail and tech including: Y Combinator, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures, Sequoia Capital, Founders Fund, and DST Global. We have headquarters in San Francisco and Kitchener-Waterloo, and a global employee presence across offices in Toronto, London, and New York. To learn more about Faire and our customers, you can read more on our blog.
Faire provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or gender expression.
Faire is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, please fill out our Accommodation Request Form (https://bit.ly/faire-form)