Full-Time

Financial Analyst

Updated on 12/16/2024

Kafene

Kafene

51-200 employees

Consumer leasing with flexible payment options

Fintech
Consumer Goods

Compensation Overview

$80k - $90kAnnually

Junior, Mid

New York, NY, USA

Position requires onsite presence in New York, NY.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
NetSuite
Financial analysis
Data Analysis
Excel/Numbers/Sheets
Requirements
  • 1-3 years of experience in accounting (preferred), finance, or financial analysis.
  • Bachelor’s degree in Accounting (preferred), or Finance is required.
  • Advanced proficiency in Excel (e.g., pivot tables, VLOOKUP) and Google Sheets.
  • Familiarity with GAAP accounting principles.
  • Experience with QBO and NetSuite tools is preferred.
  • Exceptional analytical skills, with the ability to analyze large data sets, understand complex business needs, and propose tailored solutions.
  • Ability to work both collaboratively and independently, prioritize and manage multiple tasks, and adapt to a fast-paced environment.
  • Strong attention to detail, along with excellent communication and organizational skills.
Responsibilities
  • Provide detailed financial reports and analyzes to support the Finance team, senior leadership, the board of directors, and external stakeholders. Ensure accuracy and compliance in all financial statements and reports.
  • Oversee timely and accurate payment of invoices and proper expense coding.
  • Manage new vendor onboarding and W9 collection to ensure tax compliance.
  • Track, process, and document sales tax records and payments.
  • Reconcile sales tax liabilities and ensure compliance with state and local regulations.
  • Assist in the month-end close by preparing journal entries, conducting reconciliations, maintaining schedules, and analyzing variances.
  • Conduct thorough reviews of general ledger activity for accuracy and resolve discrepancies proactively.
  • Manage and track fixed assets, ensuring proper recording, depreciation, and allocation.
  • Support Finance Director in the FP&A function by helping to develop financial forecasts, analyzing financial performance, and preparing variance analyses. Assist in creating and managing budgets, providing insights for decision-making, and ensuring alignment with company financial goals.
  • Assist in developing and scaling FP&A and accounting processes, systems, and controls to support business growth. Help document and refine accounting policies and procedures.
  • Work closely with analytics, engineering, risk, and finance teams to provide financial insights and support decision-making processes.
  • Assist in ad-hoc financial analyses and special projects, including M&A and other strategic initiatives. Provide financial expertise to support business objectives.

Kafene provides lease-to-own options for a wide range of products, including furniture, appliances, electronics, tires, and wheels. The company targets consumers who seek financial flexibility and prefer not to pay for items upfront. Customers can apply online without a credit check, and the application process does not affect their credit score. Once approved, they can lease products from their chosen store, with approval amounts up to $5,000. Kafene customizes lease pricing to meet individual needs, making it an affordable solution. The company earns revenue by charging for the lease of products, and it is known for its customer-centric service, accommodating changes in payment schedules and ensuring satisfaction. Kafene stands out from competitors by offering a straightforward, flexible leasing process that prioritizes customer needs.

Company Stage

Debt Financing

Total Funding

$74.9M

Headquarters

New York City, New York

Founded

2019

Growth & Insights
Headcount

6 month growth

5%

1 year growth

23%

2 year growth

60%
Simplify Jobs

Simplify's Take

What believers are saying

  • Kafene's partnerships with large retail groups expand its market reach and customer base.
  • Recent funding rounds indicate strong investor confidence in Kafene's growth potential.
  • The rise of mobile-first behavior aligns with Kafene's focus on app-based platforms.

What critics are saying

  • Increased competition from similar fintech companies could erode Kafene's market share.
  • Reliance on AI-based underwriting may expose Kafene to algorithmic bias risks.
  • Economic downturns could lead to higher default rates, impacting Kafene's revenue.

What makes Kafene unique

  • Kafene offers no-obligation returns, protecting consumers from traditional debt traps.
  • The company uses AI-based underwriting for personalized and efficient customer experiences.
  • Kafene's app-based platform provides a seamless point-of-sale virtual wallet experience.

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