Full-Time

Director – R&D Strategic Finance

Updated on 11/18/2024

Ontra

Ontra

201-500 employees

AI solutions for automating legal processes

AI & Machine Learning
Financial Services
Legal

Compensation Overview

$192k - $288kAnnually

+ Equity Grants + Commission

Senior

United States

Candidates must be based in the United States.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Data Analysis
Requirements
  • 10+ years in Finance, Strategic Finance, FP&A, or related roles, with significant experience in analyzing R&D spend and outcomes.
  • Bachelor’s or Master’s degree in Finance, Accounting, Economics or related field.
  • Ability to develop a deep understanding of R&D spending and projected ROI, and create frameworks to assess the efficacy across different investment vectors.
  • Capability to guide and influence organizational direction in line with company goals, engaging with senior and executive management to achieve strategic objectives.
  • Strong teamwork skills to communicate and work across multiple teams including R&D, Finance, Sales, Customer Success, Marketing, and Leadership.
Responsibilities
  • Lead the development and execution of financial strategies for the Research & Development organization to ensure alignment with broader company goals.
  • Build and establish an R&D Strategic Finance function from scratch, leading both strategy and execution with a hands-on approach.
  • Create and maintain detailed financial models to project costs and revenue across the R&D organization, providing insights for informed decision-making.
  • Develop and present comprehensive investment cases to guide funding decisions, ensuring effective allocation of resources within R&D.
  • Engage with leaders from finance, sales, and other departments to understand and communicate expected financial trajectories and align organizational strategies.
  • Effectively communicate financial insights and strategies to C-level executives and board members to influence key decisions.

Ontra.ai automates legal processes for investment firms using AI technology. Its software streamlines the intake, negotiation, and execution of routine contracts, allowing legal teams to focus on more strategic work. The company differentiates itself by offering specialized solutions tailored to the private markets and by utilizing a network of freelance legal professionals. Ontra's goal is to transform legal workflows throughout the fund lifecycle, enhancing efficiency for its clients.

Company Stage

Series B

Total Funding

$233.5M

Headquarters

San Francisco, California

Founded

2014

Growth & Insights
Headcount

6 month growth

4%

1 year growth

7%

2 year growth

12%
Simplify Jobs

Simplify's Take

What believers are saying

  • Ontra's client base includes 9 of the top 10 PEI-ranked firms, indicating strong market validation and growth potential.
  • The recent appointment of experienced leaders like John Lofy and Leslie Olsen suggests a focus on enhancing customer success and marketing strategies.
  • Integration of advanced AI technologies like GPT-4 positions Ontra at the forefront of legal tech innovation, potentially attracting more high-profile clients.

What critics are saying

  • The legal tech market is highly competitive, with numerous players vying for market share, which could impact Ontra's growth.
  • Dependence on freelance legal professionals may pose challenges in maintaining consistent service quality and compliance.

What makes Ontra unique

  • Ontra's AI-powered legal operating system is specifically tailored for private markets, setting it apart from more generalized legal tech solutions.
  • The integration of OpenAI's GPT-4 into Ontra Synapse enhances its AI capabilities, providing a competitive edge in automating complex legal workflows.
  • Ontra's global network of freelance legal professionals allows for scalable and flexible contract management, unlike competitors who rely solely on in-house teams.

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