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Financial Operations Associate

FinOps is a team of 5 within the Finance Department. This role will report into the Senior Manager of Financial Operations. Financial operations covers travel & expense, accounts payable, procurement, and purchase cards. We are looking for a motivated individual who is excited about joining a high-performing and dynamic organization that values innovation and continuous growth. 

This role is responsible for the relevant products and services that Chainalysis needs to operate are purchased in a timely manner at a competitive price point. The Financial Operations Associate will execute new purchase requests and renewals. They will manage the purchase workflow and verify the delivery of services in order to ensure that company requirements are met. Additional responsibilities include researching and onboarding new suppliers, and negotiating with vendors as needed.

In this role, you’ll:

  • Monitor vendor progress on purchase order and contracts in process; verify quality of service provided and adherence to contract terms. 

  • Ensure robust, risk-free procurement processes by reviewing documentation and managing contracts to identify any errors — as well as create in-depth documentation.

  • Respond to management and employees to resolve and answer any related questions/issues.

  • Execute critical procure to pay actions, such as vendor onboarding, and ensure integrity of source documents

  • Ensure compliance with company purchase policies and procedures

  • Produce and analyze monthly purchase order volume reports to understand activity levels by department and by dollar levels

  • Make recommendations to company purchasing policy based on perceived risks, gaps, and changes in business

  • Initiative to improve procure to pay processes based on analyzing data or recurring patterns

  • Train employees on purchase requisition process and company policy

  • Partner with Legal, Risk & Compliance, and Accounts Payable to ensure vendors submit required documents that comply with regulatory and company standards

  •  Maintains vendor relations by resolving problems with orders.


We’re looking for candidates who have: 

  • Bachelor's degree in accounting, finance, or related field

  • A strong sense of initiative and a bias for action

  • The ability to adapt and maintain flexibility in a fast-paced, startup environment

  • High attention to detail

  • 3+ years of experience in a financial operations role (accounts payable or procurement)

Nice to have experience:

  • Public company readiness 

  • SOX / 404 experience

  • High growth company exposure

Technologies we use:

  • Netsuite

  • Coupa

  • Vendr

About Chainalysis

Blockchain technology is powering a growing wave of innovation. Businesses and governments around the world are using blockchains to make banking more efficient, connect with their customers, and investigate criminal cases. As adoption of blockchain technology grows, more and more organizations seek access to all this ecosystem has to offer. That’s where Chainalysis comes in. We provide complete knowledge of what’s happening on blockchains through our data, services, and solutions. With Chainalysis, organizations can navigate blockchains safely and with confidence.

You belong here. 

At Chainalysis, we believe that diversity of experience and thought makes us stronger. With both customers and employees around the world, we are committed to ensuring our team reflects the unique communities around us. Some of the ways we’re ensuring we keep learning are an internal Diversity Committee, Days of Reflection throughout the year including International Women’s Day, Harvey Milk Day, World Humanitarian Day, and UN International Migrants Day, and a commitment to continue revisiting and reevaluating our diversity culture. 

We encourage applicants across any race, ethnicity, gender/gender expression, age, spirituality, ability, experience and more. If you need any accommodations to make our interview process more accessible to you due to a disability, don't hesitate to let us know. You can learn more here. We can’t wait to meet you. 

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What You Should Know About Financial Operations Associate, Chainalysis

Join Chainalysis as a Financial Operations Associate and be a key player in our innovative Finance Department! As part of a dynamic team of five, you’ll report directly to the Senior Manager of Financial Operations and get to dive deep into the world of procurement, accounts payable, and travel & expense management. Are you the kind of person who thrives in a fast-paced startup environment, loves tackling new challenges, and shares our thirst for continuous growth? You will be responsible for ensuring that we make smart purchases that suit our needs, negotiate with vendors, and manage the entire purchase workflow with a keen eye for detail. In this role, you'll not only handle purchase requests but also verify and analyze the delivery of services to maintain quality and compliance with company policies. You'll liaise with management and employees to resolve any concerns and issues, ensuring that every transaction runs smoothly. With your background in finance and a Bachelor's degree in a related field, plus 3+ years in financial operations, you’ll be ready to step into this role and make a meaningful impact. At Chainalysis, we celebrate diversity and innovation, and we can’t wait for you to bring your unique perspective and skills to our team!

Frequently Asked Questions (FAQs) for Financial Operations Associate Role at Chainalysis
What are the key responsibilities of a Financial Operations Associate at Chainalysis?

As a Financial Operations Associate at Chainalysis, your primary responsibilities include executing purchase requests, managing purchasing workflows, verifying the quality of vendor services, onboarding new suppliers, and negotiating contracts. Additionally, you'll analyze monthly purchase order volumes and provide recommendations to enhance purchasing policies and practices.

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What qualifications are needed for the Financial Operations Associate role at Chainalysis?

To apply for the Financial Operations Associate position at Chainalysis, candidates should hold a Bachelor's degree in accounting, finance, or a related field, along with over 3 years of experience in financial operations, specifically in accounts payable or procurement. Ideal candidates should also exhibit strong attention to detail and the initiative to drive improvements in processes.

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What technologies will I work with as a Financial Operations Associate at Chainalysis?

As a Financial Operations Associate at Chainalysis, you will be working with various technologies including Netsuite, Coupa, and Vendr, which will help you streamline procurement processes and manage purchasing efficiently.

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What kind of company culture can I expect at Chainalysis?

Chainalysis fosters a culture of diversity, innovation, and continuous growth. The team is dedicated to inclusion and ensures that its members reflect the unique communities they serve. You'll have the opportunity to participate in various diversity initiatives and developmental programs while contributing to a collaborative work atmosphere.

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How does the Financial Operations Associate role contribute to Chainalysis’s mission?

The Financial Operations Associate at Chainalysis plays a critical role in ensuring that the organization manages its procurement processes effectively and aligns with its mission of providing comprehensive blockchain intelligence. By supporting purchasing and vendor management, you help facilitate the growth and operational efficiency necessary for the company to achieve its goals.

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Common Interview Questions for Financial Operations Associate
Can you describe your experience with procurement and how it relates to the Financial Operations Associate role?

When answering this question, highlight specific procurement processes you've handled, any systems you’ve used, and the impact of your work on your previous organization. Be sure to relate it back to the responsibilities listed in the job description, emphasizing how your experiences can directly benefit Chainalysis.

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What steps do you take to ensure accuracy in financial documents?

Discuss your attention to detail and the methods you employ to cross-check data, such as using spreadsheets or financial software. Mention your understanding of compliance and how you stay aware of company policies, which are essential for the Financial Operations Associate role at Chainalysis.

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How do you prioritize tasks when managing multiple vendors?

Explain your approach to task prioritization, such as the use of project management tools or methods like the Eisenhower Matrix. Share examples from past experiences that showcase your organizational skills and how you've effectively managed competing deadlines.

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What negotiation strategies have you found successful when working with vendors?

In your response, describe specific techniques you've used, such as building rapport or leveraging data to justify pricing. Real-life examples will demonstrate how you’ve effectively reduced costs or improved contract terms while maintaining positive vendor relationships.

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Can you give an example of a time when you identified a risk within a procurement process?

Share a detailed story that outlines your problem-solving abilities. Describe the scenario, how you identified the risk, the action you took to mitigate it, and the outcome, focusing on how this experience prepares you for the role of Financial Operations Associate.

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How do you handle disagreements with colleagues regarding procurement policies?

Talk about your communication skills and give an example of a situation where you resolved a conflict through open discussion and collaboration. Emphasizing a team-oriented approach can show your readiness for Chainalysis's collaborative environment.

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What familiarity do you have with financial software like Netsuite or Coupa?

Be straightforward and indicate your level of expertise with these tools. If you’ve had hands-on experience, mention specific tasks you’ve mastered, how you utilized the software to streamline processes, and your comfort level in adapting to new technologies.

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Describe how you approach and document procurement processes to ensure compliance.

Outline your method of maintaining records and documentation, perhaps emphasizing a systematic approach or software utilization that keeps everything organized. Stress the importance of compliance at Chainalysis and your understanding of relevant regulations.

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How do you keep up with changing procurement regulations or trends?

Share the methods you use to stay informed, such as subscribing to industry publications, attending webinars, or networking in finance communities. This demonstrates your proactive nature and commitment to continuous learning, aligning with Chainalysis's values.

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What makes you excited about the Financial Operations Associate position at Chainalysis?

Here, you want to convey your enthusiasm for the company's mission and culture. Make a personal connection to your interests in the blockchain industry, innovation, or diversity efforts at Chainalysis, which will resonate well with the interviewers.

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Cryptocurrencies have already opened up new markets and made the global economy bigger, fairer, and more deeply integrated. We’re only seeing the beginning of what this transformative technology has to offer. But cryptocurrency needs greater trus...

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Full-time, remote
DATE POSTED
December 13, 2024

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