Full-Time

Finance and Operations Lead

Updated on 11/20/2024

Monad Labs

Monad Labs

51-200 employees

Decentralized Layer 1 smart contract platform

Fintech
Crypto & Web3

Compensation Overview

$165kAnnually

Senior

New York, NY, USA

Hybrid role requiring 3 days/week in office.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Quickbooks
SAP Products
Oracle
Excel/Numbers/Sheets
Requirements
  • 8+ years of experience in financial management and operations with significant time spent at high-growth tech companies and/or startups
  • Excellent analytical and problem-solving abilities, with strong attention to detail and accuracy
  • Previous experience building an operational budget and reporting on performance vs. budget
  • Demonstrated success in managing the operations of an organization with ability to flex high to low on various tasks as needed
  • Effective communicator and strong writer: ability to distill key takeaways into concise messaging
  • Proven experience in managing financial audits, preparing tax filings, and overseeing budget development
  • Cross-functional partner who is comfortable interfacing with Legal, People, Workplace Operations, and Recruiting, among other functions
  • Bachelor’s or Master’s degree in Finance, Accounting, Business Administration, or a related field a plus
  • Highly proficient in Excel and/or Google Sheets; comfort with accounting software (e.g., QuickBooks, SAP, Oracle)
  • Experience with treasury management strategies a plus
Responsibilities
  • Partner with and advise senior leaders across the organization on company strategy, growth, and revenue opportunities
  • Oversee all internal financial operations, ensuring efficiency and compliance
  • Independently build and maintain operating model incorporating strategic plans for the organization
  • Manage general company operations, including, but not limited to, workplace operations, administrative tasks, and non-technical IT stack
  • Interface with external vendors and assist with vendor management, procurement, and contract negotiations
  • Lead the month-end and year-end close processes, including reconciling accounts and partnering with external accountants to ensure accuracy
  • Analyze financial results and track performance vs. budget to provide insights and recommendations to management
  • Manage cash flow and optimize working capital by managing purchasing, accounts payable, accounts receivable, and payroll
  • Partner with legal and engineering to ensure all operational processes and procedures meet a high standard of excellence
  • Identify and develop operational systems, process optimization initiatives, controls, and procedures for improvement

Monad provides a decentralized Layer 1 smart contract platform that is compatible with Ethereum, allowing developers to build and deploy decentralized applications (dApps) with improved performance and scalability. Its key feature is the ability to process up to 10,000 transactions per second using a method called "superscalar pipelining," which enables the simultaneous execution of multiple transactions. This makes Monad faster than many existing blockchain platforms. The company primarily serves developers and businesses that require high throughput for complex applications, such as those in financial services, supply chain management, and gaming. Monad generates revenue through transaction fees and partnerships, aiming to capture a significant share of the expanding blockchain market by offering a more efficient solution for dApp development.

Company Stage

N/A

Total Funding

$237.3M

Headquarters

Remote, Oregon

Founded

2022

Growth & Insights
Headcount

6 month growth

53%

1 year growth

312%

2 year growth

407%
Simplify Jobs

Simplify's Take

What believers are saying

  • Monad's high transaction speed and scalability can attract a wide range of developers and businesses, leading to rapid adoption and growth.
  • The recent $225 million Series A funding round led by Paradigm positions Monad for aggressive expansion and technological advancements.
  • Partnerships with entities like Hex Trust and OKX Ventures enhance Monad's ecosystem and credibility in the blockchain space.

What critics are saying

  • The competitive landscape in the blockchain sector is intense, with established players like Ethereum and Solana posing significant challenges.
  • Raising substantial funds and high valuation expectations can create pressure to deliver rapid results, potentially leading to strategic missteps.

What makes Monad Labs unique

  • Monad's Ethereum compatibility combined with its ability to handle up to 10,000 transactions per second through superscalar pipelining sets it apart from other blockchain platforms.
  • The focus on high-performance and scalability makes Monad particularly attractive for complex and high-usage decentralized applications (dApps).
  • Strategic partnerships and significant funding from major investors like Paradigm and OKX Ventures provide Monad with a strong financial and collaborative foundation.

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Benefits

Health, Dental, and Vision coverage: you pick the plan, we reimburse 100% of your premium

$2,000 remote office equipment reimbursement

$200 monthly wellness and fitness reimbursement

Unlimited PTO, minimum 15 days per year

11 company-observed holidays in the US

Flexible work hours, flexible remote-work policy

Quarterly team on-sites