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Financial Operations Lead

Conduit – The Onchain Compute Company

At Conduit, we're building the rollup-native cloud platform that will scale Ethereum.

Crypto builders have been held back by a lack of onchain compute — without the ability to process a high volume of transactions quickly and cheaply, onchain apps and ecosystems can’t build high quality user experiences.

Rollups have emerged as the answer to this problem. Just as servers work together to scale compute in web2, so too can rollups scale onchain compute in web3. But building and operating your own rollup is difficult and time-consuming. That's where Conduit comes in.

As the rollup-native cloud platform, Conduit combines web2 engineering best-practices with web3 rollup technology to make it easy for anyone to launch and maintain their own chain. By making infrastructure simple and onchain compute abundant, similar to how AWS and GCP did for web2, we can unlock the next wave of innovation in the crypto ecosystem.

The Conduit platform has seen massive growth since going live in 2023. We run the largest chains in production, including Proof of Play, Zora, Aevo, and more. This translates to 200+ chains across mainnet and testnet and over $1B in total-value-locked (TVL). We're operating on the bleeding edge of crypto, co-evolving with our customers and integration partners, and pushing the limits of blockchain scalability and modularity.

This success has been recognized and accelerated through a $37M Series A, co-led by Paradigm and Haun Ventures — two of the best investors in the industry.

We’re an elite team that’s previously worked at Meta, Brex, Wish, Compound, Chainalysis, Immunefi, Amazon, Avara/Aave, Paradigm, and more. We’re headquartered in San Francisco, with team members all over the world.

We’re looking for ambitious, talented builders that want to help scale Ethereum and bring crypto compute to the masses. Join us!

About the Role

As our first Finance Operations (FinOps) Lead, you’ll play a critical role in shaping the financial backbone of Conduit. You’ll build scalable systems for tracking revenue, manage collections and revenue recognition processes, and lead cross-functional projects like transitioning to consumption-based pricing. This is a hands-on role that blends operational expertise with strategic thinking, directly impacting our growth trajectory. This is a contract to hire position. For the first six months this is a Part-Time contract position. Hours are negotiable, but to start there is a maximum 20 hours a week.

Responsibilities:

  • Revenue Tracking & Transparency: Design and implement scalable systems to track revenue from multiple sources (e.g., Stripe, manual collections). Integrate data with the CRM for accurate forecasting and account prioritization.

  • Revenue Recognition & Collections: Own the process for revenue recognition and collections, reducing leakage from failed payments or subscription churn. Implement automated systems to prevent revenue loss and ensure timely collections.

  • Pricing Strategy: Longer term, lead the transition to consumption-based pricing, collaborating with Product, Sales, and Engineering. Create pricing models that align with infrastructure costs and give us a competitive edge.

  • Operational Excellence: Establish and refine financial processes that support scaling operations efficiently and sustainably. Lay the foundation for us to become SOC2 compliant in the future.

Qualifications:

  • Extensive experience running finance operations, accounting, or revenue operations, ideally in SaaS or infrastructure companies.

  • Experience operating in an early stage startup environment.

  • Expertise with tools like Stripe, CRMs, and traditional financial reporting applications.

  • Proven track record in managing revenue recognition and collections processes.

  • Familiarity with consumption-based pricing models and cross-functional project management.

Bonus points for:

  • Being familiar with Web3 and it’s associated revenue models

Conduit does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law.

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CEO of Conduit
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Ronen Shilo
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What You Should Know About Financial Operations Lead, Conduit

At Conduit, we’re on a mission to revolutionize the way onchain compute is scaled, and we’re looking for a Financial Operations Lead to join our innovative team. If you're passionate about crypto and excited to be part of a dynamic startup culture, this might be your perfect fit. As our FinOps Lead, you will play a pivotal role in building and executing scalable financial systems that will drive our growth. You will design processes for tracking revenue from various sources, manage collections, and lead initiatives like shifting to consumption-based pricing. This position is perfect for someone who thrives in a hands-on environment and enjoys the challenge of shaping operations in a fast-paced setting. You’ll be working closely with cross-functional teams to ensure our financial backbone is robust and supports our ambitious goals. Your expertise will help us prevent revenue loss and ensure timely collections while providing transparency in tracking and forecasting. Your work will have a direct impact on Conduit’s growth trajectory as we operate on the bleeding edge of blockchain technology. If you have a background in finance operations or revenue management, especially within SaaS or infrastructure sectors, we want to hear from you! This role offers flexibility and a chance to influence our pricing strategy as we move forward in this exciting industry.

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

As the Financial Operations Lead at Conduit, you'll be responsible for designing and implementing scalable systems for tracking revenue, managing revenue recognition and collections processes, and leading strategic projects, including transitioning to consumption-based pricing models. You'll collaborate with various departments and focus on operational excellence to support our company's financial health.

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What qualifications are needed to be a Financial Operations Lead at Conduit?

To be considered for the Financial Operations Lead role at Conduit, candidates should have extensive experience in finance operations, accounting, or revenue operations, preferably in SaaS or infrastructure companies. Knowledge of tools like Stripe and CRM systems is essential, alongside a proven track record in managing revenue recognition processes and collections.

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What is the working environment like for a Financial Operations Lead at Conduit?

At Conduit, the working environment is dynamic and fast-paced, typical of an early-stage startup. As the Financial Operations Lead, you'll work alongside talented peers who are committed to pushing the boundaries of crypto technology while fostering a collaborative team culture that encourages innovation and growth.

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How does Conduit support the professional growth of its Financial Operations Lead?

At Conduit, we’re dedicated to supporting the professional growth of our team members, including the Financial Operations Lead. You'll have opportunities to take on leadership roles in strategic initiatives and projects, receive mentorship from seasoned professionals, and have the space to shape financial practices that align with industry advancements.

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What makes the Financial Operations Lead role unique at Conduit?

The Financial Operations Lead role at Conduit is unique due to the impact it has on scaling an innovative platform in the rapidly-evolving crypto space. You'll be working on groundbreaking projects like consumption-based pricing strategies, allowing you to leverage your financial expertise in a sector that is continuously changing the landscape of technology and finance.

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Common Interview Questions for Financial Operations Lead
Can you describe your experience with revenue recognition processes?

In answering this question, emphasize your familiarity with revenue recognition frameworks such as ASC 606, and share specific experiences where you streamlined revenue tracking or addressed challenges. Highlight any tools you utilized in your past roles to maintain accurate financial records.

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How do you approach managing collections efficiently?

Discuss strategies you’ve implemented to minimize payment failures and improve collections. Consider mentioning any automated systems you've used to enhance efficiency and control cash flow, as well as how you communicate with stakeholders to resolve payment issues.

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What is your experience with SaaS or infrastructure companies?

Draw upon your experience in SaaS or infrastructure settings, highlighting specific roles and projects you've worked on. Explain how these experiences have given you insights into revenue models and operational challenges distinctive to these sectors.

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How would you lead a transition to consumption-based pricing?

When answering, outline a systematic approach you’d take for transitioning to consumption-based pricing, including collaboration with product and sales teams. Discuss how you would model pricing strategies that optimize revenue without alienating customers.

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Can you give an example of operational excellence you've achieved in a previous position?

Provide a specific example of processes you’ve enhanced that led to increased efficiency or cost savings. Discuss any metrics that demonstrate your impact on operational excellence to showcase your ability to deliver tangible results.

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How do you ensure effective cross-functional collaboration?

Share examples of tools or practices you utilize to facilitate effective communication and collaboration between departments. Highlight the importance of alignment on goals and how these contribute to successful project outcomes, particularly within finance operations.

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How do you stay updated on industry trends in finance and crypto?

Discuss your methods for staying informed about the latest developments in finance and the crypto industry, such as attending webinars, following relevant publications, and engaging in professional networks. Mention how this knowledge can help in your role at Conduit.

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What challenges do you foresee as a Financial Operations Lead in the crypto sector?

Acknowledge the volatility and regulatory challenges posited by the crypto landscape. Discuss how you would prepare for potential hurdles in terms of financial compliance and adapting operational strategies to maintain resilience and growth.

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How would you prioritize projects as the Financial Operations Lead?

Explain your method for assessing and prioritizing projects based on strategic importance, resource allocation, and potential impact on revenue growth. Discuss how you would communicate priorities with other departments to ensure alignment on outcomes.

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What qualities do you think are essential for a successful Financial Operations Lead?

Discuss qualities such as strategic thinking, adaptability, attention to detail, and communication skills. Highlight how these attributes enable you to effectively manage finance operations and foster collaboration within a fast-paced startup environment.

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Part-time, remote
DATE POSTED
January 7, 2025

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