Director of Finance
Location: US, NY, New York
Company profile: Casper is a sleep startup that re-imagines the experience of purchasing a mattress. We launched in April 2014 with an outrageously comfortable mattress designed by former IDEO and NASA product engineers and sold directly to consumers – eliminating commission-driven, inflated prices. We provide free shipping with delivery right to your door in a mini-fridge sized box and a 100 days money-back policy. We generated over $1 million in 28 days following our launch and have raised nearly $15m in venture funding led by NEA with participation from leading investors including Lerer Ventures, SV Angel, and Ashton Kutcher.
Description: About CasperCasper is a sleep startup that re-imagines the experience of purchasing a mattress.  We launched in April 2014 with an outrageously comfortable mattress designed by former IDEO and NASA product engineers and sold directly to consumers – eliminating commission-driven, inflated prices.  We provide free shipping with delivery right to your door in a mini-fridge sized box and a 100 days money-back policy. We generated over $1 million in 28 days following our launch and have raised nearly $15m in venture funding led by NEA with participation from leading investors including Lerer Ventures, SV Angel, and Ashton Kutcher.OverviewThe Director of Finance will be in the first finance hire and lead the build out of the finance function at Casper.  The Director of Finance will report the CEO.Key Responsibilities Responsibilities include but are not limited to establishing processes and executing against the following:Company-Wide Budgeting and ForecastingManage, model and deliver the annual budgeting and frequent forecasting procesReview monthly financial results against budget and forecasts and provides Management with insight, trends and highlights through the preparation of KPIsCash Flow Forecasting and ReportingEnsure Casper has the level of cash on hand to meet its daily, weekly and monthly needsDrive cross-functional collaboration in converting sales demand forecast into working capital modelMargin OptimizationUnderstand and model impact on supply chain strategiesDrive a cross-functional view on margin goals and strategies/road maps for achievementProvide recommendations to strategically enhance financial performance and business opportunities.Management Reporting and AnalyticsEstablish and drive regular reporting of KPIsProduce and report key metrics of monthly analytics between Budget, Forecast, and ActualsBoard ReportingWork with the CEO to produce relevant board materialsCapital OptimizationManage credit term negotiations with key suppliersModel for the impacts, opportunities and considerations for debt and equity financingInsurance and Risk ManagementWork to ensure that proper coverage with the right partners is maintained and leveraged globallyCapital ExpendituresEstablish a process to ensure capital expenditure spending is authorized and executed to support cash flow optimization
Requirements: 2+ years of finance and 2+ years of operations experienceBachelors degree in finance, masters degree is a plusAdvanced modeling including financial statements and cash flow requirementsExperience with companies in retail, wholesale or ecommerce industry with inventory and capital requirementsComfort in presenting to senior management in a concise and effective mannerAbility to drive cross-functional consensus and collaborationWillingness to show flexibility and adaptability for being in a fast growing startup environment
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