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Strategic Finance Lead, Product

About the Team

The Strategic Finance team provides financial insights and guidance to support the organization's long-term goals and strategies. We partner across the business to allocate and deploy our resources for the highest-impact outcomes.

The Product Strategic Finance team specializes in managing the financial performance of our products, ensuring alignment between financial objectives and product strategy. We focus on revenue forecasting and analytics, pricing, and unit economics for our products. 

About the Role

We are hiring a Strategic Finance partner to help drive strategic decision making across our product org. This individual will play a critical role in shaping our financial strategy and ensuring the scalability and profitability of our products.

This role is based in San Francisco, CA. We use a hybrid work model of 3 days in the office per week and offer relocation assistance to new employees.

In this role, you will:

  • Support strategic initiatives, including pricing, packaging, and business development deal structuring, to enhance product profitability.

  • Deep dive into frameworks and process improvements to increase our sophistication in analyzing, forecasting, and optimizing product contribution margins in real-time.

  • Establish and manage key metrics underpinning product revenue and gross margin performance, and regularly monitor, analyze, and report on these metrics to drive continuous improvement and operational excellence.

  • Drive cost optimization initiatives in collaboration with our compute, engineering, and product teams.

  • Stay updated on market trends and competitive dynamics to refine financial strategies.

  • Create high-quality executive and Board-facing presentations.

  • Collaborate with Accounting and FP&A teams to evolve financial forecasting and reporting processes.

You might thrive in this role if you have:

  • 8-10+ years of experience in investment banking, consulting, or buy-side investing coupled with operational experience at a fast-paced, scaling company.

  • A strong ability to critically evaluate opportunities and risks in financials.

  • Expert modeling skills, including building detailed product P&Ls and operating models.

  • The ability to distill complex financial data into actionable insights and effectively communicate with leadership.

  • Excellent communication skills and the ability to craft compelling narratives using data.

  • Attention to detail and a commitment to accuracy in financial reporting and analysis.

  • Familiarity with business models and metrics relevant to OpenAI, including contribution margin analysis.

  • Enthusiasm for technology and artificial intelligence.

  • Experience with SQL or a willingness to learn.

About OpenAI

OpenAI is an AI research and deployment company dedicated to ensuring that general-purpose artificial intelligence benefits all of humanity. We push the boundaries of the capabilities of AI systems and seek to safely deploy them to the world through our products. AI is an extremely powerful tool that must be created with safety and human needs at its core, and to achieve our mission, we must encompass and value the many different perspectives, voices, and experiences that form the full spectrum of humanity. 

We are an equal opportunity employer and do not discriminate on the basis of race, religion, national origin, gender, sexual orientation, age, veteran status, disability or any other legally protected status. 

OpenAI Affirmative Action and Equal Employment Opportunity Policy Statement

For US Based Candidates: Pursuant to the San Francisco Fair Chance Ordinance, we will consider qualified applicants with arrest and conviction records.

We are committed to providing reasonable accommodations to applicants with disabilities, and requests can be made via this link.

OpenAI Global Applicant Privacy Policy

At OpenAI, we believe artificial intelligence has the potential to help people solve immense global challenges, and we want the upside of AI to be widely shared. Join us in shaping the future of technology.

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What You Should Know About Strategic Finance Lead, Product, OpenAI

Are you ready to influence the future of technology at OpenAI as a Strategic Finance Lead in our Product department? Based in sunny San Francisco, this pivotal role supports our Strategic Finance team in steering the financial success of our groundbreaking products. With an emphasis on enhancing product profitability, you’ll dive into everything from pricing strategy to revenue forecasting. If you thrive in a fast-paced environment, this role is perfect for you! We’re looking for someone who can collaborate with cross-functional teams to optimize costs and analyze product contribution margins in real-time. Your keen eye for market trends will help refine our financial strategies, and your expertise in crafting compelling narratives from complex data will aid in shaping our executive presentations. With 8-10 years of experience under your belt, particularly in investment banking or consulting, you’ll have the analytical skills to evaluate financial opportunities and risks thoroughly. You’ll excel if you enjoy turning intricate financial insights into actionable steps, ensuring our products are not just innovative but also scalable and profitable. We operate on a hybrid work model, with three days in the office each week, and we’re more than willing to assist with relocation for the right candidate. If you’re excited by the intersection of technology and finance, and you want to be part of a mission-driven team, we can’t wait to meet you!

Frequently Asked Questions (FAQs) for Strategic Finance Lead, Product Role at OpenAI
What responsibilities does the Strategic Finance Lead at OpenAI have?

The Strategic Finance Lead at OpenAI plays a vital role in supporting strategic initiatives such as pricing, packaging, and business development. They are responsible for enhancing product profitability, performing in-depth analyses of product metrics, optimizing contribution margins, and drafting high-quality presentations for executives and the board.

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What qualifications are required for the Strategic Finance Lead position at OpenAI?

Candidates for the Strategic Finance Lead position at OpenAI should have 8-10+ years of experience in investment banking, consulting, or buy-side investing, along with operational experience in a fast-paced organization. Critical evaluation skills, expertise in financial modeling, and the ability to communicate insights effectively are also essential.

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How does the Strategic Finance team support product development at OpenAI?

The Strategic Finance team at OpenAI collaborates closely with various departments to ensure that financial strategies align with product development goals. They conduct revenue forecasting, analyze pricing strategies, and monitor key metrics to maximize product performance and profitability.

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What kind of work environment can a Strategic Finance Lead expect at OpenAI?

The Strategic Finance Lead at OpenAI will experience a dynamic hybrid work environment, with three days per week in the San Francisco office. This setup encourages collaboration while also allowing flexibility for remote work.

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What skills can help a Strategic Finance Lead at OpenAI succeed in their role?

Success as a Strategic Finance Lead at OpenAI requires strong analytical and financial modeling skills, attention to detail, an understanding of business metrics, the ability to communicate effectively with leadership, and a passion for technology and AI. Familiarity with SQL would also be a plus.

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Common Interview Questions for Strategic Finance Lead, Product
Can you describe your experience with financial modeling relevant to a product line?

Be prepared to elaborate on specific financial models you've built or worked with, particularly P&L statements for products. Discuss your approach to developing these models, the tools you used, and how they helped the business make strategic decisions.

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How do you approach pricing strategy for new products?

When discussing pricing strategy, highlight your process for conducting market research, analysis of competitor pricing, and understanding of customer willingness to pay. Emphasize the importance of aligning pricing with overall business goals and profitability.

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How do you ensure the accuracy of financial reports?

Mention the methodologies and checks you have in place for verifying financial data. Discuss your attention to detail, experiences with audits, and collaboration with accounting teams to maintain accuracy and integrity in financial reporting.

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How do you evaluate risks and opportunities when analyzing financial data?

You should showcase your analytical skills by explaining how you assess financial metrics, identify potential risks in projections, and weigh them against opportunities for growth. Use examples from past experiences to illustrate your thought process.

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What key metrics do you consider when assessing product performance?

Discuss important financial metrics such as revenue, gross margin, contribution margin, and customer acquisition costs. Explain how you monitor these metrics and leverage them to make strategic recommendations.

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Could you give an example of a successful cost optimization initiative you've led?

Provide a specific example that details the initiative, your role, the strategies you implemented, and the outcome in terms of cost savings and profitability. Quantitative results will enhance your answer.

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What tools do you prefer for financial analysis and why?

Mention specific financial modeling and analysis tools you are familiar with, such as Excel, SQL, or specialized software. Explain how these tools help you streamline analyses and enhance productivity.

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How do you communicate complex financial information to stakeholders?

Discuss your strategy for simplifying complex concepts, such as using visuals, reports, and concise narratives. Emphasize the importance of tailoring your communication style to your audience's level of understanding.

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In what ways do you keep up with market trends and competitive dynamics?

Share your methods for staying informed, such as subscribing to industry publications, following thought leaders, attending webinars, or participating in networking events. Explain how this knowledge has influenced your strategic recommendations in the past.

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What excites you about working at OpenAI specifically?

Reflect on your passion for technology and AI, and discuss how OpenAI's mission aligns with your values. Mention specific projects, initiatives, or company culture elements that resonate with you.

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OpenAI is a US based, private research laboratory that aims to develop and direct AI. It is one of the leading Artifical Intellgence organizations and has developed several large AI language models including ChatGPT.

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CULTURE VALUES
Inclusive & Diverse
Feedback Forward
Collaboration over Competition
Growth & Learning
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
INDUSTRY
TEAM SIZE
No info
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
January 10, 2025

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