Full-Time

Controller

Posted on 12/28/2024

Empower

Empower

51-200 employees

Personal finance management and credit building

Fintech
Financial Services

Expert

Remote in USA

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Required Skills
NetSuite

You match the following Empower's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor's degree in Accounting, Finance, or related field.
  • CPA or equivalent certification is required.
  • 10+ years of progressive experience in accounting and finance, with at least 5 years in a leadership role within a FinTech or fast-growing tech company.
  • Demonstrated experience leading a company through significant growth phases.
  • Strong knowledge of GAAP, SEC reporting, and regulatory compliance requirements in the financial services industry.
  • Exceptional leadership skills with the ability to develop and mentor a team.
  • Strategic thinker with excellent analytical, organizational, and problem-solving skills.
  • Outstanding communication and interpersonal abilities to engage with all levels of the organization and external stakeholders.
  • Proficient in financial software and systems (including NetSuite), with a keen eye for leveraging technology to improve operational efficiency.
Responsibilities
  • Lead the accounting function, ensuring accurate and timely financial reporting in accordance with GAAP, as well as compliance with SEC regulations and other applicable laws.
  • Work closely with the CFO and FP&A team to develop financial strategies that support the company’s growth objectives.
  • Design, implement, and maintain a robust system of internal controls to safeguard company assets and ensure the accuracy of financial statements.
  • Build, lead, and mentor a high-performing accounting team capable of supporting the company’s growth and adaptability through its scaling and IPO journey.
  • Act as a key liaison with external auditors, regulatory bodies, and investors, ensuring clear and transparent communication of the company’s financial status and outlook.
  • Continuously assess and improve financial and accounting processes and systems to increase efficiency, reduce risk, and support scaling operations.

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, the company offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring no impact on their credit score. Empower.me stands out from competitors by specifically targeting individuals with no minimum credit score and providing resources to improve their financial health.

Company Stage

Late Stage VC

Total Funding

$96.8M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-3%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Petal and Cashalo expands Empower's product offerings and customer base.
  • Increased demand for financial literacy tools among millennials and Gen Z benefits Empower.
  • Growing interest in alternative credit scoring aligns with Empower's mission for underserved consumers.

What critics are saying

  • Increased competition from fintech companies like Chime and Varo could impact market share.
  • Integration challenges from acquisitions may disrupt operations and delay strategic goals.
  • Regulatory scrutiny on credit services could increase compliance requirements and costs.

What makes Empower unique

  • Empower offers a unique subscription-based model for financial management tools.
  • The company focuses on credit building by reporting payments to credit bureaus.
  • Empower's Thrive line of credit involves a soft inquiry, not affecting credit scores.

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Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

INACTIVE