Strategic Finance Senior Associate
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
The mission of the Strategic Finance team at Faire is to guide, measure and realize impact through enabling strategic capital and resource allocation, at scale. We are looking for a Strategic Finance Senior Associate who will help maximize the impact of our product roadmap and business initiatives. This role will require the ability to spot opportunities/risks, develop hypotheses, pressure test inputs, forecast outputs and execute in-depth analyses to translate data into insights.
There are two sub-teams that we are currently hiring for:
- The Global Topline team, which is responsible for the consolidation and synthesis of global topline financial metrics (GMV, Revenue, Gross/Contribution Profit, CAC) to inform business performance and influence short and long-range strategic decisions.
- Retailer Growth pillar, which is responsible for introducing new retailers to Faire, helping them get started, and taking advantage of all that Faire has to offer.
What you’ll do:
- Identify opportunities, develop hypotheses, and execute in-depth analyses to translate data into insights and inform business strategy and performance
- Evolve how we report KPIs, including iteration on existing formats and standing up net new ones that up-level Faire's overall ability to understand business performance and craft our financial narrative
- Inform customer acquisition and investments decisions by developing perspective on short and long-term margin profile of business
- Global top-line:
- Drive revenue and contribution margin forecasting for annual, quarterly and long-range financial planning, partnering with cross-functional subject matter experts to translate business activities into financial outputs, diagnose key inputs, and synthesize business performance narratives
- Manage loss reserves through dedicated focus on variable cost trends to ensure we are delivering customer value sustainability
- Retailer Growth:
- Translate business activities and key performance inputs into financial outputs that allow us to reason about return on investment and help optimize performance at a portfolio level.
- Strengthen the foundation supporting our customer acquisition engine by improving the processes and systems we use to forecast and analyze financial performance of marketing activities.
Qualifications:
- 4+ years of relevant experience in corporate finance, strategic finance, investment banking, consulting, or similar positions with emphasis on analysis, modeling, and forecasting
- Strong business & financial acumen with understanding of corporate finance, revenue and variable margin dynamics
- Systems thinking: able to break down business performance to underlying drivers, [connect impact across multiple variables and inputs]
- Strong communication and interpersonal skills – able to synthesize large quantities of data and metrics to tell a compelling story and drive actionable recommendations, strong writing and presentation skills
- A get things done mindset - you are resourceful and not afraid to roll up your sleeves when necessary to move forward tactically.
- Sharp attention to detail with a proactive approach to problem-solving
- Bachelor’s Degree in Business Administration, Finance, Economics, Accounting, or other relevant field.
Nice to Have
- Knowledge of SQL
- Experience working with or for a fast growing marketplace business
Salary Range
California & New York City: the pay range for this role is $129,000 - $177,000 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.
Effective January 2025, Faire employees will be expected to go into the office 2 days per week on Tuesdays and Thursdays. Additionally, hybrid in-office roles will have the flexibility to work remotely up to 4 weeks per year. Specific Workplace and Information Technology positions may require onsite attendance 5 days per week as will be indicated in the job posting.
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. Accommodations are available throughout the recruitment process and applicants with a disability may request to be accommodated throughout the recruitment process. We will work with all applicants to accommodate their individual accessibility needs. To request reasonable accommodation, please fill out our Accommodation Request Form (https://bit.ly/faire-form)