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Director of Finance

About Norm Ai


Norm Ai automates compliance processes to make them more efficient, cost-effective, and accurate while ensuring democratic guardrails for AI in autonomous roles. By converting complex regulations into intelligent AI programs, we enable teams to operate with unprecedented speed and precision. We also aim to enable the integration of AI agents into daily life, ensuring that AI-driven business processes adhere to legal and societal norms through adoption of our Regulatory AI agents as oversight.  At Norm Ai, we're committed to aligning AI with public policy, reflecting our society's collective will, and ushering in a new era of regulatory intelligence and societal-AI alignment. In the past 12 months, we’ve raised more than $38 million from top VCs and global institutions. You can find our Vision here:  https://www.norm.ai/post/building-regulatory-ai-agents.



This Role


As the Director of Finance at Norm Ai, you will play a critical role in building and leading the finance function of our rapidly growing company. As our first dedicated finance hire, you will lead financial planning, reporting, and analysis, ensuring that Norm Ai has a strong financial foundation to support its strategic goals. You will also own our accounts payable, receivable, and invoicing. 


You will manage the full financial planning and forecasting process, and own the company’s P&L reporting and analysis. Additionally, you will monitor and implement systems to track key metrics such as burn rate, and unit economics, providing actionable insights to leadership to drive growth and operational efficiency. With your expertise, you will ensure the quality and accuracy of all financial data, ensure that our clients are being invoiced in a timely fashion, consult on revenue recognition, coordinate audits, and participate in fundraising efforts. You will be supported by an external accounting firm that currently maintains our records. 


In this role, you will collaborate closely with leadership to create budgets, drive forecasts, and analyze financial data critical to scaling the business. You will also perform scenario planning and KPI tracking to inform strategic decisions. Your ability to execute quickly, manage competing priorities, and deliver high-quality work under pressure will be essential in this role.


This is an exciting opportunity to establish and scale Norm Ai’s finance function while playing a key role in shaping the financial strategy of a high-growth company.


Responsbilities
  • Financial Planning & Analysis: Oversee financial planning and forecasting, including budgeting, quarterly forecasts, and long-term planning. Manage the full financial planning process for Norm Ai.
  • Accounts Payable, Receivable, & Invoicing: Ensure timely and accurate invoicing of clients, and monitor contract milestones. Ensure that critical vendors are paid on time, and are invoicing Norm Ai correctly. 
  • Cash Flow Management: Develop and maintain cash flow forecasts, ensuring sufficient runway to support growth.
  • Company Compensation: Own and track payment of sales commissions and other compensation obligations. 
  • Investor Support: Partner with leadership to prepare financial models and data for board and investor presentations. 
  • Metrics Management: Monitor and optimize key metrics. 
  • Scenario Planning: Perform sensitivity analyses and build scenario plans to assess risks and opportunities related to scaling.
  • Data Integrity & Reporting: Take final responsibility for the quality and content of all financial data and reporting. Lead audit coordination for the organization.
  • Strategic Insights: Prepare and deliver financial analyses and presentations that drive informed decision-making at the executive level. Participate in and motivate strategic discussions regarding pricing models.
  • Execution & Prioritization: Execute quickly on ad hoc financial requests while managing competing priorities.
  • Cross-Functional Collaboration: Work closely with leadership and other teams to align financial planning with broader company objectives.


Skills & Experience - Core
  • 7-10+ years of finance experience, with at least 4 years of experience managing a finance function at a SaaS company.
  • Experience with full ownership of financial data, reporting, and audit coordination for a company or an operating division or significant program area within a larger company.
  • Expertise in SaaS financial metrics and planning processes, including runway, burn rate, and unit economics.
  • Experience with creating and innovating SaaS pricing models. 
  • Experience with sales and revenue forecasting. 
  • Advanced proficiency with financial software and tools.
  • Proven ability to meet deadlines under pressure and manage multiple priorities effectively.
  • Exceptional organizational and project management skills.


Skills & Experience - Pluses
  • Experience in high-growth startups or technology companies.
  • Experience with AI technology. 
  • Familiarity with compliance and regulatory reporting requirements in SaaS businesses.


$170,000 - $225,000 a year
Plus equity.

What Success Looks Like


30 Days

Develop a deep understanding of Norm Ai’s business model, current financial structure, and key metrics.

Review and assess existing financial data, processes, and tools.

Gain familiarity with runway, burn rate, and unit economics.

Begin managing the financial planning process for the company, aligning with leadership on priorities.

Assume ownership of all client invoicing and vendor payment relationships. 


60 Days

Take full ownership of P&L analysis and begin driving forecasting cycles.

Develop and deliver a cash flow management plan to ensure effective runway management.

Assume ownership of Norm Ai’s financial model in collaboration with our accounting firm.  

Present initial financial insights, including burn rate and unit economics, to leadership.


90 Days

Fully own all financial reporting, planning, and forecasting cycles.

Establish and implement scalable processes to improve the quality and efficiency of financial operations.

Present detailed unit economics analyses and provide recommendations for optimization.

Establish consistent reporting mechanisms for key metrics.  

Partner with leadership to prepare for the next phase of strategic growth. 

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Average salary estimate

$197500 / YEARLY (est.)
min
max
$170000K
$225000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Director of Finance, Norm AI

At Norm Ai, we are on the cutting edge of automating compliance processes for optimal efficiency. As the Director of Finance, you’ll orchestrate the financial strategies that power this innovation. Located in the vibrant hub of NYC, this role is pivotal as you will be the first dedicated finance leader for our rapidly growing team. You'll oversee the full financial planning, reporting, and analysis, laying down a robust financial foundation to align with our ambitious objectives. From managing accounts payable and receivable to spearheading financial forecasting and P&L analysis, your expertise will drive actionable insights across the organization. You’ll also have a hand in ensuring that our invoicing processes are timely and accurate, while maintaining a keen eye on cash flow to support our growth. Your role will require collaboration with leadership to develop budgets and track key metrics like burn rate and unit economics, ultimately guiding our strategic decisions. We’re looking for someone with a strong finance background, particularly in the SaaS sector, who thrives in a high-growth environment. Here at Norm Ai, we’re committed to responsibly harnessing AI’s potential, and your financial leadership will be crucial in our journey. If you’re ready to make an impact in a role that shapes the financial landscape of a forward-thinking tech company, we’d love to hear from you!

Frequently Asked Questions (FAQs) for Director of Finance Role at Norm AI
What are the responsibilities of the Director of Finance at Norm Ai?

The Director of Finance at Norm Ai is tasked with overseeing essential functions such as financial planning, reporting, and analysis. This includes managing accounts payable and receivable, executing P&L reporting, and ensuring timely invoicing and vendor payments. The role also involves strategic insights and analytics to inform decision-making, developing cash flow forecasts, and collaborating closely with leadership on budgets and key metrics.

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What qualifications do I need to apply for the Director of Finance position at Norm Ai?

To apply for the Director of Finance position at Norm Ai, candidates should possess 7-10 years of finance experience, with at least 4 years in a leadership role within a SaaS company. A strong proficiency in financial software, proven project management skills, and experience in financial modeling are also essential. Familiarity with SaaS financial metrics, such as runway and burn rate, is highly desirable.

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What is the salary range for the Director of Finance role at Norm Ai?

The salary range for the Director of Finance position at Norm Ai is between $170,000 and $225,000 per year, in addition to equity options. This competitive compensation reflects the expertise and leadership expected in this high-stakes role within our innovative company.

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How does the Director of Finance contribute to Norm Ai's growth strategy?

The Director of Finance significantly contributes to Norm Ai's growth strategy by managing financial planning and analysis, which informs executive-level decisions. By optimizing cash flow management, driving accurate revenue forecasts, and delivering insights on financial performance, this role is crucial for navigating the company’s scaling challenges and opportunities.

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What does success look like for the Director of Finance in the first 90 days at Norm Ai?

In the first 90 days, success for the Director of Finance at Norm Ai involves fully owning all financial reporting, forecasting cycles, and establishing scalable processes to enhance operational efficiency. The Director will also present comprehensive analyses of financial metrics and partner with leadership to position Norm Ai for further strategic growth.

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Common Interview Questions for Director of Finance
Can you explain your approach to financial forecasting in the SaaS industry?

In financial forecasting for the SaaS industry, I prioritize a data-driven approach, analyzing past performance and market trends. I also focus on key metrics such as customer acquisition cost, churn rate, and monthly recurring revenue to build accurate models that reflect potential growth scenarios.

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How do you manage competing priorities in finance?

To manage competing priorities in finance, I utilize a structured prioritization framework, aligning tasks with strategic company objectives. Additionally, I emphasize clear communication within the team to ensure alignment, allowing us to tackle high-impact projects efficiently.

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What experience do you have with SaaS pricing models?

I have extensive experience developing and innovating SaaS pricing models, including tiered pricing strategies based on market segmentation and value-based pricing. My approach includes leveraging customer insights to refine pricing for maximum profitability while maintaining competitive positioning.

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Describe a time when you identified a financial risk and how you mitigated it.

In a previous role, I discovered an inconsistent cash flow trend due to a delayed invoicing process. To mitigate this risk, I implemented a streamlined invoicing system that improved turnaround time and ensured timely payments, stabilizing cash flow and reducing risk exposure.

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What tools or software do you find most effective in financial reporting?

I find financial reporting tools like NetSuite or Adaptive Insights to be extremely effective due to their powerful reporting capabilities and user-friendly interfaces. These tools facilitate real-time reporting and allow for seamless collaboration across departments.

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How would you approach building a financial model for a new product launch?

To build a financial model for a new product launch, I would start by assessing market potential, establishing pricing strategies, and estimating acquisition costs. Then, I would incorporate projected cash flows and scenarios based on varying success levels to guide strategic decisions.

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What metrics do you consider crucial for monitoring a SaaS business's health?

Crucial metrics for monitoring SaaS health include MRR (Monthly Recurring Revenue), CAC (Customer Acquisition Cost), churn rate, lifetime value (LTV), and burn rate. These metrics provide insight into revenue stability, growth potential, and operational efficiency.

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How do you ensure data integrity within financial reporting processes?

Ensuring data integrity involves implementing rigorous checks and balances, such as regular audits and reconciliations. I prioritize clear documentation and establish standardized processes to maintain accuracy and reliability in all financial reporting.

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What is your experience with investment fundraising?

I have been involved in several investment fundraising efforts, where my role included preparing detailed financial models and presentations for potential investors. I focus on effectively communicating the company’s financial health, growth potential, and strategic direction.

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How do you work collaboratively with other departments in finance-related projects?

I believe in fostering a collaborative environment by establishing open lines of communication with other departments. In finance-related projects, I actively engage stakeholders from different teams to ensure that financial strategies align with broader company goals.

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Full-time, on-site
DATE POSTED
December 25, 2024

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