Full-Time

FP&a Analyst

Confirmed live in the last 24 hours

Melio

Melio

501-1,000 employees

Digital payment solution for small businesses

Consumer Software
Fintech
Financial Services

Compensation Overview

$80k - $100kAnnually

Junior, Mid

New York, NY, USA

Hybrid position requiring 3 days in-office in New York City.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Financial analysis
Data Analysis
Excel/Numbers/Sheets
Requirements
  • 2+ years of experience as FP&A Analyst in a similar position
  • Extensive knowledge of Excel & Google Sheets (Pivot table, data formulas, etc.)
  • Outstanding communication and interpersonal skills
  • High level of accuracy, efficiency, and accountability
  • The ability to evaluate workload and prioritize multiple tasks to meet project deadlines
  • High technical skills (maintaining and working with FP&A systems)
  • Self-motivation and the ability to work independently and function as a team member
Responsibilities
  • Building and maintaining yearly budget and rolling forecast.
  • Monthly/ Quarterly tracking of budget vs. actual analysis decks of the company performance with financial insights.
  • Be a business partner to functional owners throughout the organization; provide value-added insights to enable senior management to optimize actual spending.
  • Build financial models to support forecasts and various ad-hoc requests, providing added value insights to management to support business decisions.
  • Analyze the business activity and trends.
  • Take part in the monthly closing process.
  • Support with the investor package.
  • Support the FP&A team with the implementation of a new business initiative.

Melio Payments provides a digital payment solution aimed at helping small businesses manage their finances more effectively. The platform allows businesses to pay vendors and suppliers using various methods, including ACH bank transfers and credit cards. A notable feature is the option to defer credit card payments for up to 45 days, which assists in cash flow management. Additionally, businesses can earn rewards on credit card expenses, adding value to their transactions. Melio charges a 2.9% fee for credit card payments, while ACH transfers are free, making it a cost-effective choice for many. The platform also enhances expense management by allowing businesses to assign roles, digitize approval workflows, and automate bill payments, all while ensuring the security of financial information. Melio's goal is to simplify the payment process for small businesses in the retail and e-commerce sectors, providing them with greater control over their finances.

Company Stage

Series E

Total Funding

$636.2M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • The appointment of Boaz BenDavid as CFO brings extensive financial leadership, potentially driving Melio's strategic growth and operational excellence.
  • Melio's partnerships with major financial institutions like J.P. Morgan enhance its credibility and expand its service capabilities.
  • The new Pay experience and real-time payments feature can significantly improve user satisfaction and operational efficiency for small businesses.

What critics are saying

  • The fintech sector is highly competitive, with numerous players offering similar digital payment solutions, which could dilute Melio's market share.
  • Dependence on transaction fees, particularly the 2.9% credit card fee, may deter some cost-sensitive small businesses.

What makes Melio unique

  • Melio's ability to defer payments for up to 45 days using credit cards offers a unique cash flow management advantage for small businesses.
  • The platform's integration with ACH transfers at no cost provides a cost-effective alternative to credit card payments, unlike many competitors.
  • Melio's recent launch of real-time payments, supported by J.P. Morgan, sets it apart by enabling instant fund transfers, even on weekends and holidays.

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