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Full-Time

Cloud Cost Strategist

Posted on 6/20/2024

ONE Finance

ONE Finance

501-1,000 employees

Digital banking platform with high-yield savings

Fintech

Compensation Overview

$200k - $225kAnnually

+ Stock Options + 401(k) Plan + Paid Parental Leave + Caregiver Leave

Expert

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Management
Data Analysis
Requirements
  • Bachelor's degree in finance/technology
  • 10+ years of industry experience in technology/technology finance management
  • Experience implementing cost optimization measures for cloud spend
  • Ability to convert Financial reports into technical executable actions and track them
  • Analytical and technical prowess
  • Strong team player with project management skills
  • Understanding of container technologies (Kubernetes, Docker)
  • Amazon Web Services (AWS) or FinOps Practitioner Certification desired
  • Experience with relational databases, data extraction, data analysis, and cloud cost management tools
  • Understanding of industry best practices related to Cloud resource tagging and tagging enforcement through automation
  • Strong negotiation skills
  • Previous experience with procurement and/or vendor management responsibilities or related experience
  • Understanding of legal terminology, contract structures, and commercial terms
Responsibilities
  • Updating, advising, and collaborating with senior and executive leadership regarding the ongoing alignment of the FinOps portfolio to the business and technology strategy
  • Devising a reporting and chargeback model for cloud costs
  • Recommending and tracking cost optimization opportunities
  • Providing reports of cloud consumption metrics with recommendations to drive savings and efficiencies
  • Collaborating with various teams to assess new vendor requests and support contract management
  • Negotiating directly with vendors and employees to reach consensus on deal structures
  • Supporting procedures for contract management and administration in compliance with company policy

One Finance provides a digital banking platform through its mobile app, allowing users to manage their finances easily. The app offers a debit Mastercard® and is designed for both individuals and small businesses seeking a convenient way to handle their money. By partnering with Coastal Community Bank, One Finance offers a high-yield savings account with an Annual Percentage Yield (APY) of up to 5.00% on balances up to $250,000, which is significantly higher than typical savings accounts. The company generates revenue primarily through interchange fees when customers use their debit card for purchases. Additional features include early direct deposit, cash back rewards at Walmart, instant money transfers, and overdraft protection. One Finance aims to provide cost-effective financial solutions that help customers grow their savings and manage their finances without the burden of monthly fees.

Company Stage

M&A

Total Funding

$66.7M

Headquarters

New York City, New York

Founded

2022

Growth & Insights
Headcount

6 month growth

19%

1 year growth

80%

2 year growth

245%
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Simplify's Take

What believers are saying

  • The potential launch of a BNPL service backed by Walmart could significantly expand ONE Finance's product offerings and customer base.
  • High APY on savings accounts can attract a large number of customers looking for better returns on their deposits.
  • The backing and majority ownership by Walmart provide financial stability and a strong market presence.

What critics are saying

  • The fintech market is highly competitive, with numerous players offering similar services, which could impact customer acquisition and retention.
  • Reliance on interchange fees for revenue may be vulnerable to regulatory changes and market fluctuations.

What makes ONE Finance unique

  • ONE Finance offers a high-yield savings account with an APY of up to 5.00%, significantly higher than the industry average.
  • The partnership with Coastal Community Bank allows ONE Finance to provide banking services without being a bank itself, reducing regulatory burdens.
  • The integration of features like early direct deposit, cash back at Walmart, and overdraft protection makes ONE Finance a comprehensive financial solution.
INACTIVE