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Full-Time

Manager – Fp&a

Posted on 5/17/2024

Chime

Chime

1,001-5,000 employees

Online banking platform offering fee-free services

Fintech
Financial Services

Compensation Overview

$146.6k - $207.7kAnnually

+ Bonus + Equity Package

Senior, Expert

San Francisco, CA, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
SQL
Excel/Numbers/Sheets
Requirements
  • Minimum 6 years of finance/FP&A, investment banking, business intelligence, or consulting experience
  • 1-2 years managing at least one other direct report; prior experience building a team a plus
  • Demonstrated leadership of a high functioning FP&A organization and track record of driving strong financial performance
  • Experience evolving processes, controls and systems to support a high-growth company
  • Expertise in Excel - you can build scalable, efficient, and intuitive models with ease; Experience with Adaptive/Pigment, Netsuite, Workday, Looker, SQL a plus
  • Strong analytical, financial modeling and problem-solving skills
  • Demonstrated ability to collaborate and effectively communicate with key stakeholders, cross-functional partners and senior leadership
  • Eagerness to dig into the details, contribute as a team player that embraces change and thrives in a fast-paced environment
Responsibilities
  • Work closely with senior executives across member experience, transaction losses, and R&D teams to provide data-driven insights and influence strategy with strong business partnerships and monthly business reviews
  • Provide trusted financial advice on strategic and long-range planning, new initiatives, and day-to-day operations. Enable execution of business priorities while maintaining financial goals
  • Deliver ongoing financial planning, forecast and analysis. Proactively highlight risk & opportunities and drive business actions
  • Facilitate and empower decision-making through effective financial modeling and story-telling
  • Plan and evaluate teams’ operational and financial performance against company goals to hold teams accountable with a high degree of predictability. Hold teams accountable to budgets, forecast accuracy, optimize investments, and identify opportunities for efficiencies
  • Work with the Product Finance team to evaluate investment opportunities, sizing relative impact, and driving unit economics metrics
  • Variable Expenses (Member experience & Transaction Losses): Partner with Member support and Risk leadership teams to identify opportunities and manage third party operations and risk losses
  • Engineering/Infrastructure/Product: Work with engineering leadership on managing infrastructure, hosting, software, headcount and department budgets. Develop an R&D portfolio analysis framework to support investment decisions, including review of investment distribution, ROI, and external benchmarking

Chime offers online banking services without physical branches, focusing on a fee-free experience. It allows customers to overdraft up to $200 on debit card purchases without fees through its SpotMe service and provides direct deposit for paychecks up to two days earlier than traditional banks. Chime does not charge monthly fees or minimum balance fees and offers a secured credit card to help users build credit. The company's goal is to provide accessible and cost-effective banking solutions for those who prefer digital banking.

Company Stage

Series G

Total Funding

$2.2B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

7%

1 year growth

10%

2 year growth

10%
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Simplify's Take

What believers are saying

  • Chime's acquisition of Salt Labs and the launch of Chime Enterprise indicate a strategic expansion into the enterprise market, potentially increasing user growth through employer partnerships.
  • The introduction of MyPay, allowing early wage access, showcases Chime's commitment to innovative solutions that address the financial needs of everyday people.
  • Chime's focus on financial literacy and unique initiatives like Coloring Budgets and partnerships with cultural icons like T-Pain enhance its brand appeal and customer engagement.

What critics are saying

  • Regulatory changes affecting interchange fees and overdraft policies could impact Chime's revenue model, which heavily relies on these fees.
  • The settlement with the CFPB over delayed balance refunds highlights potential compliance and operational risks that could affect customer trust.

What makes Chime unique

  • Chime's entirely online platform eliminates the need for physical branches, offering a seamless digital banking experience unlike traditional banks.
  • The fee-free model, including features like SpotMe and early direct deposit, sets Chime apart from competitors who often charge various fees.
  • Chime's secured credit card that doesn't require a credit check provides a unique opportunity for customers to build credit, distinguishing it from other financial institutions.

Benefits

Competitive salary based on experience

401k match plus the usual medical, dental, vision, life, and disability benefits

Generous vacation policy and company-wide Take Care of Yourself Days

Virtual events to connect with your fellow Chimers- think cooking classes, music festivals, mixology classes, paint nights, etc., and delicious snack boxes, too!

INACTIVE