Full-Time
Head of Finance
Posted on 7/23/2024
Fay
1-10 employees
Affordable nutrition counseling with insurance coverage
Senior, Expert
San Francisco, CA, USA + 1 more
More locations: New York, NY, USA
Role is based in either San Francisco or New York.
You match the following Fay's candidate preferences
Employers are more likely to interview you if you match these preferences:
- 8+ years of experience in financial services (Investment Banking / Private Equity) and analytical roles in fast-growing companies (Finance / Strategy & Ops / BizOps)
- Strong quantitative and analytical skills with proficiency in Excel and data visualization tools
- Knowledge of SQL / Python is a plus
- Proven track record leading strategic finance initiatives and managing direct reports
- Ability to build a finance org from the ground up
- Possess a low ego, high grit attitude, thriving in tackling complex challenges, supporting team members, and driving results in a fast-paced environment
- Ability to bring structure to dynamic environments with shifting priorities, fostering growth and organization within the team
- Develop and manage a roadmap for key projects including client-side growth, provider-side expansion, budgeting, and pricing strategies
- Act as a dedicated finance partner, providing data-driven insights to support growth initiatives from a financial perspective
- Build Fay’s financial infrastructure from the ground up, implementing robust systems to ensure organizational efficiency and transparency
- Maintain accurate financial forecasts, monthly reporting, cohort analysis, and collaborate cross-functionally to track performance metrics, identifying opportunities and driving strategic decisions
- Identify opportunities to automate manual processes, enhancing scalability and efficiency across the organization
- Partner with senior leadership on strategic projects including investor relations, Board communications, and future fundraising
Fay Nutrition provides affordable nutrition counseling by connecting clients with qualified dietitians and nutritionists who accept insurance. This service significantly lowers the cost of professional nutrition advice, allowing clients to access sessions for as little as $10 or even for free, compared to the typical $300 fee. Fay operates both online and in-person, offering flexibility for clients who can choose between virtual consultations or face-to-face meetings. This hybrid model enhances client satisfaction and broadens market reach. Additionally, Fay supports dietitians and nutritionists by helping them get credentialed with insurance companies, which allows them to grow their private practices and increase their client base. The goal of Fay Nutrition is to make professional nutrition counseling accessible to everyone, addressing barriers related to cost and convenience.
Company Stage
Series A
Total Funding
$24.3M
Headquarters
Barrington, Illinois
Founded
N/A
Simplify's Take
What believers are saying
- Fay raised $25M to expand growth and integrate with food service platforms.
- The telehealth market is expected to grow at a CAGR of 25.2% until 2028.
- Corporate wellness programs are projected to reach $87.4 billion by 2026.
What critics are saying
- Increased competition from telehealth platforms could dilute Fay's market share.
- Dependence on insurance partnerships may pose risks if terms change.
- Economic downturns could reduce employer partnerships, impacting revenue.
What makes Fay unique
- Fay partners with insurance companies to offer affordable nutrition counseling services.
- The company provides a hybrid model of online and in-person consultations.
- Fay supports dietitians in starting and growing their private practices.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance