Full-Time

Director of Finance

Confirmed live in the last 24 hours

Polymer Labs

Polymer Labs

11-50 employees

Enhances blockchain interoperability infrastructure

Consulting
Crypto & Web3

Senior, Expert

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Requirements
  • Web3 experience is highly preferred.
Responsibilities
  • Ownership of financial operations and treasury management (cash & digital assets)
  • Manage bank and custody accounts, ensuring appropriate maintenance and signatory authority
  • Calculate and forecast burn, revenue, other income and runway and accurately present current and future cash and crypto positions in real-time
  • Work with Legal and the leadership team on transfer pricing and inter-company arrangements
  • Monitor and oversee the performance of outsourced services by outsourced service providers relating to the finance function
  • Streamline operations and ensure best practices and regulatory compliance, in collaboration with Legal
  • Regularly report on cash position, liquidity forecasts, and counterparty risks to leadership
  • Establish and track core metrics that are essential to the financial health of the company
  • Lead and monitor the month-end, quarter-end and year-end closing processes
  • Lead the design and implementation of internal controls over financial reporting and accounting policies and procedures
  • Act as a primary senior point of contact within the company for internal and external financial and accounting queries
  • Lead strategic liquidity and financial planning, focusing on detailed cash and Polymer digital assets projections to support the company's growth and strategic objectives
  • Develop forecasting models to predict liquidity needs and plan for asset value fluctuations, bearing in mind market trends and company goals
  • Prepare meaningful analysis for strategic business decisions and model financial situations in close collaboration with the leadership team
  • Provide insightful and quality financial advice to support the company's business decision-making
  • Align liquidity management, including cash flow optimization and liquidity forecasting, with the company's broader investment and financing strategies
  • Devise liquidity strategies to navigate the unique challenges of cryptocurrency assets and DeFi, with a particular focus on Polymer digital asset dynamics
  • Implement proactive liquidity monitoring and forecasting to manage crypto market volatility effectively
  • Establish and continuously refine risk management strategies to keep pace with the evolving digital asset markets
  • Assess and monitor counterparty risks associated with the company's financial partners and service providers
  • Conduct regular reviews of counterparty risk exposure and adjust risk management strategies as necessary

Polymer Labs enhances the ability of different blockchain systems to communicate and work together. They focus on improving interoperability, which is essential for decentralized applications (dApps) and blockchain technology, allowing for smoother transactions across various networks. Their main clients include developers, researchers, and relayers who need tools to support the Inter-Blockchain Communication (IBC) protocol. Unlike many competitors, Polymer Labs specifically targets the interoperability challenge in the rapidly evolving blockchain market. Their goal is to provide specialized tools and infrastructure solutions that facilitate the development and maintenance of interoperable blockchain applications, generating revenue through software subscriptions, consulting services, and transaction fees.

Company Stage

Series A

Total Funding

$25.9M

Headquarters

null, null

Founded

2021

Growth & Insights
Headcount

6 month growth

16%

1 year growth

29%

2 year growth

133%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of cross-chain bridges drives demand for interoperability solutions.
  • DeFi protocols require seamless cross-chain functionality, boosting need for advanced solutions.
  • Growing interest in NFTs across blockchains creates demand for cross-chain transactions.

What critics are saying

  • Emerging competition from interoperability solutions like Axelar and LayerZero.
  • Potential regulatory scrutiny on blockchain interoperability protocols by governments.
  • Rapid technological advancements could render Polymer Labs' solutions obsolete.

What makes Polymer Labs unique

  • Polymer Labs focuses on enhancing web3 interoperability infrastructure for blockchain systems.
  • They provide tools supporting the Inter-Blockchain Communication (IBC) protocol.
  • Polymer Hub offers real-time interoperability for Ethereum rollups, reducing overhead.

Help us improve and share your feedback! Did you find this helpful?