- Communication Skills
- Analysis Skills
- Tax Experience
What is Earnin?
Earnin is a company building innovative solutions to some of the toughest financial problems facing people today. Our core tool, Cash Out, reframes the conversation around payday by giving people access to the money they've already earned.
Who we are:
We are rethinkers focused on inspiring fairness in the financial system. We consider the community to be part of our team because, in order to make lasting change, we need participation and input from all.
The Pay it Forward Model:
The world is a better place when we all help each other out. With Earnin's services, people choose what they tip. Sometimes it's more, sometimes it's less. And sometimes community members pay it forward to support each other.
Cash Out enables community members to get paid for the work they've already done - without having to wait for payday.
Balance Shield provides bank balance alerts to help community members monitor their bank account balance. We also offer the option to set up Balance Shield Cash Outs to help our members transfer money they've earned to their account to cover upcoming recurring withdrawals.
Health Aid reaches out to our community members' medical providers to try to reduce their bill balance and/or find them a budget-friendly payment plan.
Cash Back Rewards help our community members find cash back when they shop or dine at thousands of participating stores and restaurants.
Why we do it:
A majority of Americans live paycheck to paycheck and spend more on overdraft fees than fresh veggies. It's clear that the current financial system doesn't work for us. We're building a future with financial fairness.
Join a company with a mission you can believe in. At Earnin, we're focused on building financial tools to empower everyday people. Do you share our passion for people?
About the Team:
We are seeking a Treasury Lead to build, own and manage the function. Join the small, but growing Finance team, working closely with the CFO to deliver on key initiatives for the company in 2020. Earnin's unique business model and product offer interesting opportunities for the treasury function to have outsized impact on company-wide initiatives. Areas of ownership include: cash management and forecasting; debt facility operations; managing external banking & lending relationships; internal expert on Earnin's debt facilities for cross-functional workflows; shareholder reporting and equity management; and debt capital market functions.
As Treasury Lead you will:
Manage the treasury function, including meeting short-term and long-term funding needs
Develop cash and debt management strategies and processes with the goals of minimizing Earnin's working capital need and reducing our net interest expense
Manage Earnin's debt facilities, including the production of borrowing bases and required reporting. Automating and optimizing this critical process is a priority
Recommend and establish a multi-year roadmap for the company's debt financing needs
Contribute to capital market functions, including identifying new debt partners or structures, maintaining existing relationships, and managing capital raises
Recommend financing structures that optimize the company's cost, stability, and flexibility of capital
Work cross-functionally with product, engineer, and internal business partners in the development and optimization of products to ensure the funding and cash flow components are well understood.
Monitor and ensure compliance with debt covenants and all other other compliance requirements related to debt or cash management
Manage banking and lender relationships to satisfy reporting requirements, communicate changes to the business, and drive improvements in operational processes
Own corporate equity administration, including shareholder reporting responsibilities and secondary sales of company equity
Serve as company's representative to financial community and shareholders
Participate in the development of annual operating and business fiscal plans (budgets)
Other treasury functions may be in scope as the candidate grows the function along with the needs of the business, including tax, corporate risk management, and A/R & A/P vendor management
What you'll bring:
Bachelor's degree in accounting, business, management, or finance preferred
Strong treasury background (7+ years of experience in finance and treasury)
Ideal candidate has relevant treasury experience in fintech or financial institutions. Other relevant experience includes corporate treasury backgrounds with high operational complexity
Capital market experience preferred
Strong attention to detail and an obsession with driving operational improvements
Creative problem solving and strong analytical skills, with the ability to handle ambiguity and make risk-based decisions
The ability and desire to grow the treasury team and successfully manage others
Knowledge of capital markets, accounting, finance and tax
Knowledge of appropriate treasury software packages
Strategic planning skills
Verbal and written communication skills
At Earnin, we believe that the best way to build a financial system that works for everyday people is by hiring a team that represents our diverse community. Our team is diverse not only in background and experience, but also in perspective. We celebrate our diversity and strive to create a culture of belonging. Earnin does not unlawfully discriminate on the basis of race, color, religion, sex (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity, gender expression, national origin, ancestry, citizenship, age, physical or mental disability, legally protected medical condition, family care status, military or veteran status, marital status, registered domestic partner status, sexual orientation, genetic information, or any other basis protected by local, state, or federal laws. Earnin is an E-Verify participant.