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R2 about 1 month ago
co / ar / mx / pe / remote (co; ar; mx; pe)fulltime
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Background

* With operations in Mexico, Colombia, Chile, and Peru, R2 is helping tackle the $1.2 trillion credit gap in Latin America by enabling marketplaces, POS systems, delivery apps and other e-commerce platforms to offer frictionless capital under their own brands to SMBs. Offering a Revenue-based financing product, we are helping platforms add a new source of revenue, be more sticky, and solve a fundamental pain point for their clients - the lack of access to credit

* Having raised a series A at a $100 million valuation in May-22 led by Google-AI fund Gradient and General Catalyst, a $100 million asset-backed credit facility with CIM in Mexico, and launching three new strategic partnerships in the next two months, R2 is on track to reach profitability with $25m annualized revenue by mid next year
* The R2’s Financial Planning and Analysis (FP&A) team is responsible for owning and managing the company’s financial modeling, budgeting and reporting processes as well as partnering with the Executive Team, Product, Risk and Business Development to drive financially informed decision-making. The FP&A team works closely with the rest of the Finance team (Controllership, Capital Markets, FinOps) to ensure the business grows with strong financial health
* FP&A lead role is based in Latin America and reports to the VP of Finance and Business Development, who is part of R2’s Executive team and is based in NY, US

Responsibilities

* FINANCIAL MODELING: own our financial model and unit economics analyses, measuring and keeping track of key levers and metrics to ensure profitable growth* Unit economics: manage, keep track and update in real time our unit economics by partner and by country, working closely with our Risk and Product teams to evaluate product pricing and review our risk appetite

* 3-statement Consolidated Financial model rolling forecasts and funding requirements: manage our financial model and keep it updated in line with our company’s North Star, OKRs and most recent vintage performance, helping our Executive team make better strategic decisions in real time. Analyze our growth, profitability, monthly burn and determine funding needs and key levers to strengthen our runway estimations
* Industry Benchmarking: constantly conduct detailed industry and competitive analyses (e.g. 10-K, equity research reports) to understand and provide guidance on key financial and operating metrics
* FINANCIAL BUDGETING: based on the company’s financial model estimations, prepare operational budgets to ensure an optimal cash management operation and provide financial guidance to the Executive team* Monthly budget updates by department: prepare monthly budgets for each member of our Executive team, providing them with clarity on their KPIs and financial resources
* Weekly cash flows projections by subsidiary/country: work closely with our Controllership team to make sure we always have the cash we need at the right bank and country in a timely manner, enabling each of our 8 holdings and subsidiaries (1 holding, 2 entities in US, 2 in MX, and one in CO, CL, PE) to secure funding and make payments on time
* Tax burden optimization: suggest a strategy to allocate corporate costs through inter-company agreements to each of our subsidiaries, aiming to minimize tax payments in each of the countries in which we operate
* FINANCIAL CONTROL: evaluate each week the company’s actual revenue generation, cash burn and overall profitability against our budget’s estimations to suggest adjustments in real time, if needed, to the Company’s talent and technology spending, revenue growth and fundraising strategy* Weekly Business Review: analyze weekly loan originations and profitability metrics by partner and country with our Product, Risk and Business Development teams, identifying main trends and drivers of deviation against business projections and suggesting immediate action plans to address discrepancies and improve business metrics.
* Weekly Cash Monitoring: monitor weekly operating burn and cash balances by subsidiary, identifying operations affecting our liquidity position and re-estimating funds requirements by entity for the next 2 weeks.
* Monthly Financial Statements Review: evaluate the balance sheet, P&L and cash flow statements for accuracy, verifying data and identifying trends to ensure a clear understanding of the organization's financial position and P&L.
* STRATEGIC PROJECTS: participate in setting the pricing, structure and other financial terms for current and new products, partnerships or initiatives* Reevaluating current partnerships’ economic terms and setting new partnerships pricing structures: work with our Risk and Product teams to set profitable economic terms and build the business plan for new partnerships, setting the conditions required for a successful partnership. When needed, participate in the negotiations to improve our economic terms with our current partners
* New products’ unit economics and business plan: propose pricing structure, unit economics and a business plan for new products to be launched, and collaborate with our Risk and Product teams to prepare a successful product launch
* Large-scale initiatives: serve as the finance specialist on large-scale initiatives, providing financial oversight and analytical horsepower
* FINANCIAL REPORTING: participate in the preparation of materials guiding our communication with our Executive team, Board of Directors, and equity investors* Monthly Investor Updates for current equity investors and update letters for prospective investors
* Presentations for the Board of Directors and Executive Team
* Monitor macro and market developments (equity markets, valuation multiples, interest rate environment, etc.) to provide insights for key strategic decisions

Requirements

* 5+ years of relevant, applied experience in FP&A, investment banking, private equity, venture capital, or other equivalent finance/investing roles, and 2+ years working in a fast-paced startup/fintech environment

* Highly proficient in Excel, with an understanding of model architecture, formula efficiency, data base analyses, etc.
* Deep business, accounting and finance acumen
* Hands-on and Builder/owners’ attitude, with a positive Yes-before-No and solution-oriented mentality
* Ability to communicate fluently in English and Spanish in spoken and written form

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