Strategic Finance Associate
Vestwell
Vestwell is the financial technology company powering the new savings economy. The New York City-based fintech platform redefines how people save for the critical aspects of life across retirement, education, and healthcare savings needs. Today, Vestwell enables over 350,000 businesses and nearly 1.5 Million active savers, with over $30 billion in assets saved across all 50 United States.
Vestwell offers a range of products, including workplace-delivered retirement plans, employer-offered student loan repayment benefits, and various savings accounts for education, emergencies, and individuals with disabilities.
Vestwell's platform serves a diverse clientele, including financial advisers, employers, third-party administrators, financial institutions, payroll providers, government agencies, and individual savers. To learn more, visit vestwell.com
Who Are We Looking For?
The Strategic Finance Associate is responsible for maintaining the operating model, managing annual budget, pricing new business, developing materials, communications with Board, and digging into a wide-range of strategic / financial projects. They work on analyzing, summarizing and framing financial and operational metrics.
What Will You Be Doing?
More specifically the Strategic Finance Associate is responsible for:
- Performing financial model maintenance and acting as lead in model refreshes to budget and quarterly re-forecasts.
- Performing regular updates to financial model, which includes regular recalibration to forecasted assumptions to continually improve accuracy of the financial model forecast.
- Participating in strategic planning sessions and cross-functional meetings to align financial objectives with broader business goals and initiatives.
- Collaborating cross-functionally to inform model updates and accuracy.
- Regular collaboration with various departments such as Sales, Marketing, R&D, People and Operations to update model assumptions and better understand current and future needs.
- Updating model to reflect regular changes to the organization, including departmental reorgs.
- Identifying trends in reported actuals to enable continuous re-calibration of financial models.
- Iterating and refine financial model based on actual performance, changing market dynamics, and evolving business strategy.
- Managing and investigating anomalies with reported actuals.
- Ad-hoc analysis across a wide array of various strategic initiatives.
- Assessing ROI (Return on Investment) on potential projects or concepts as needed to address emerging business challenges, capitalize on opportunities, or respond current / projected market environments.
- Continuing improvement - Identifying opportunities to streamline processes, improve efficiency, and enhance financial reporting capabilities though automation, standardization, and adoption of best practices.
Requirements
The Necessities
- Bachelor’s Degree, or the foreign equivalent, in Finance, Accounting, Economics, or closely related.
- 2 years experience in the job offered, or closely related,
- 2 years experience with the following, which may have been gained concurrently:
- Developing financial budget and forecasts, including cash flow and balance sheet projections.
- Advanced modelling techniques including sensitivity analysis, and scenario planning.
- Developing financial and forecasting models using Excel.
- U.S. GAAP principles, including accrual basis accounting, and revenue recognition
- Analyzing and interpreting financial statements to assess financial performance and liquidity.
This role will be based in our New York City HQ, and will be part of Vestwell's hybrid in-office operation (4x per week).
The expected base salary range for this position is $100K - $115K base. This position is eligible to participate in the Company Bonus Pool and is eligible to receive new hire equity in the Company. Please note that salary bands are based on NY and other similar metro areas and may differ based on where the role is ultimately hired.
OUR BENEFITS
We’re an innovative, high-growth company, with lots of exciting milestones ahead. We value health and wellness at Vestwell and in addition to a dedicated Employee Wellbeing Committee, we offer competitive health coverage and generous vacation offering. We have adopted a hybrid office policy, but all employees are welcome at our bright, comfortable office with many workspace options in our Midtown Manhattan office, so everyone has a setting that is the most productive for them. Oh, and naturally we have a great 401(k) plan!
OUR PROCESS
It starts the same for every candidate: getting to know the team members through 1-2 conversations about Vestwell, your experience, and your interests. Next steps can vary by role, but the usual next steps are a skill or experience screen (e.g. a coding interview for an Engineer, a portfolio review for a Designer, deeper experience call for other roles) which leads to a virtual or in-person interview panel after that if the screens go well. Before making an offer, our interview process concludes with a references check stage for your recruiter to meet with a current or former supervisor and peer. We prioritize transparency and lack of surprise throughout the process.
For your awareness you will only receive correspondence from [email protected] any other domain not ending in Vestwell.com is not our Recruitment team.
Vestwell’s Privacy Policy. Attention California residents: In the course of conducting our business and complying with federal, state, and local government regulations governing such matters as employment, tax, insurance, etc., we must collect Personal Information from you. Should you accept employment with Vestwell you may view our California Privacy Rights Act here: Vestwell’s California Privacy Rights Policy.