Full-Time

Finance and Business Operation Lead

Posted on 12/13/2024

Opal

Opal

51-200 employees

Access management solutions for IT teams

Enterprise Software
Cybersecurity

Mid, Senior

New York, NY, USA

This is a hybrid role based in New York City.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Business Analytics

You match the following Opal's candidate preferences

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

Degree
Experience
Requirements
  • Start-up experience: you know what good looks like in young and rapidly scaling organizations. Beyond that, you embrace the ambiguity and pace of change that comes with being at a Series B venture-backed company.
  • 4-10 years experience in Finance, Business Operations, or a mix thereof, with at least 1 year of experience managing people (full time employees, contractors, or consultants). Some experience in consulting is a plus, but not required.
  • You love your discipline: finance, accounting, operations, data, and “making things work”.
  • Leadership skills: Thinking strategically, communicating persuasively, acting ethically, and the will to win.
Responsibilities
  • Lead Finance and deliver high impact initiatives to accelerate the growth of Opal.
  • Oversee FP&A.
  • Build and track spend against departmental budgets.
  • Own accounting, AP/AR, and financial reporting.
  • Review vendors and build processes for finance.
  • Own and manage Opal’s business analytics, ensure that KPIs are accurately tracked, and help Opal approach all strategic decisions with data.
  • Own investor reporting workstreams, ensuring proper data distribution and timely reporting.
  • Establish variable compensation plans and manage pay-out.
  • Support functional leaders on special projects to ensure good business decisions and smooth-running operations.
  • Provide structure, analytical support, and accountability on strategic objectives across the company.
  • Manage our core business systems.
  • Manage the development and growth of 1 full-time Finance & Operations team member.
  • Manage and oversee our broader suite of external consultants and vendors.
Desired Qualifications
  • Some experience in consulting is a plus, but not required.

Opal.dev provides access management solutions tailored for IT and infrastructure teams, focusing on enhancing security while simplifying access requests. The platform operates on the principle of 'least privilege,' ensuring users receive only the necessary permissions to perform their jobs, which helps reduce security risks. It includes workflows that create an audit trail for Just-In-Time (JIT) access, making it particularly useful for compliance teams needing to adhere to regulations. Opal's business model is subscription-based, allowing clients to access the platform regularly, and it also offers self-hosting options for organizations with strict data control needs. Key features include automated access requests, delegation of approvals, and monitoring tools. Opal aims to balance security and productivity in the cybersecurity market, positioning itself for continued growth.

Company Stage

Series B

Total Funding

$32.9M

Headquarters

San Francisco, California

Founded

2020

Growth & Insights
Headcount

6 month growth

-8%

1 year growth

11%

2 year growth

11%
Simplify Jobs

Simplify's Take

What believers are saying

  • Opal raised $22M, indicating strong investor confidence and growth potential.
  • Integration with AWS Marketplace expands Opal's reach and service integration.
  • The rise of remote work increases demand for Opal's secure access management solutions.

What critics are saying

  • Increased competition from firms like Okta and CyberArk threatens Opal's market share.
  • Emerging privacy regulations could complicate Opal's operations and data management.
  • Customer resistance to subscription models may impact Opal's revenue streams.

What makes Opal unique

  • Opal's platform implements the principle of 'least privilege' for enhanced security.
  • Opal offers self-hosting options, catering to strict data sovereignty requirements.
  • Opal provides end-to-end audit trails for Just-In-Time access, aiding compliance.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Paid Holidays

401(k) Retirement Plan

Pre-Tax Commuter Benefits

INACTIVE