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Financial Planning and Analysis Manager

We’re on a mission to end the debt cycle—and help our customers and their communities unlock economic mobility for generations to come. Join the team that’s making our goal a reality. At Possible, we’re building a new type of consumer finance company. One that helps our customers stay out of debt rather than profits from them staying in it. As a Public Benefit Corporation, it's our mission and responsibility to help communities unlock economic mobility—with affordable credit products designed to improve financial health.Founded in 2017, our lead VCs are Canvas and Union Square Ventures. We are a fully distributed company with a global workforce. We have over 100,000 reviews on the App Store with a 4.8 star average rating. Just as we are committed to building a new type of consumer finance company, we are equally dedicated to the employee experience.As a new finance team member, you will work on some of the most interesting, cross-functional, high-impact, and intellectually stimulating projects. Key responsibilities include developing and owning financial models and ad hoc analysis to drive actionable insights, analyzing key business metrics and taking the lead on refining KPIs as areas of focus/growth change, partnering with the Accounting team to review budget to actual variances, and preparing investor reporting packages, BOD decks, and Fundraising materials. This highly visible role requires a high aptitude for analytical problem-solving, project management, strategic communication, and collaboration as you work cross-functionally to develop and shape our business and financial strategy. This role reports directly to the Director, FP&A.Roles & Responsibilities:• Own annual planning processes, quarterly board financial reporting, and monthly forecasts and communicate business performance and strategic insights to key stakeholders, including the C-Suite, departmental leaders, investors, and the Board of Directors• Provide data-driven and thought-provoking guidance, facilitate decision-making, and influence strategy (both at an overall company and functional level) with monthly and ad hoc business/initiative reviews and financial modeling• Continuously analyze financial and operational results better to understand the Company’s overall financial health & trajectory• Provide end-to-end support on debt/equity transactions and refine the process and systems to support our consolidated business forecast of all three financial statements• Partner with our Treasury Manager to develop and drive cash optimization initiatives• Build dashboards and custom reports to track key metrics, empower other team members with data and financial insights, and investigate business questions• Be a trusted thought partner with colleagues from all departments to help articulate how functional objectives drive consolidated financial resultsExperience Required:• 5+ years of analytical corporate Finance/FP&A, private equity, or investment banking experience (experience in FinTech strongly preferred)• Demonstrated understanding of what it takes to contribute to a high-functioning and fast-paced FP&A team• Strong understanding of accounting and financial statements required• Excel expert and willingness to learn SQL (experience with DataBricks a big plus)• Self-starter with the ability to develop and own insightful financial models and quantitative analysis, paired with strong critical thinking and sound business judgment• Intellectually curious, always trying to learn and grow by questioning the norm; the desire to go above and beyond what is required to help contribute to the team and Company’s success• Proven experience distilling complex topics to all stakeholders and storytelling key business concepts verbally and through written analysis• Understanding of investment principles, complex cash management strategies, and capital markets• Superior interpersonal communication skills, with the ability to develop and maintain effective relationships with a variety of both internal and external teams• Collaborative and team-orientedLocation and Benefits:We prefer people located in Seattle or Chicago.We offer a competitive annual base salary range of $140,550 to $148,360, with significant equity. Our comprehensive benefits package includes health, dental, and vision insurance, a 401(k) plan, paid time off, and a remote work environment.
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CEO of POSSIBLE
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Martha Hiefield
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What You Should Know About Financial Planning and Analysis Manager, POSSIBLE

Join Possible as a Financial Planning and Analysis Manager and become part of a transformative movement aimed at ending the debt cycle! Based in Seattle, WA, we're committed to empowering our customers and their communities by unlocking economic mobility. At Possible, we believe in creating a consumer finance company focused on keeping people out of debt rather than profiting from their struggles. As a Public Benefit Corporation founded in 2017, we proudly maintain a global workforce and have been recognized for our outstanding customer service with over 100,000 reviews and a 4.8-star average on the App Store. In this exciting role, you'll dive into a world of cross-functional projects, developing and owning financial models that drive impactful insights. You'll analyze key business metrics, lead on refining KPIs, and partner with our Accounting team to review budget variances. Moreover, your analytical prowess will be crucial as you prepare investor packages and board presentations. Reporting to the Director of FP&A, you will play a vital role in shaping our financial strategy, working collaboratively across departments to communicate business performance and strategic recommendations. This is more than just a numbers job; it's a chance to influence how we help our customers thrive financially, making a real difference in their lives and communities. If you're a self-starter with a keen interest in finance and a passion for social impact, this is the perfect opportunity for you!

Frequently Asked Questions (FAQs) for Financial Planning and Analysis Manager Role at POSSIBLE
What are the primary responsibilities of the Financial Planning and Analysis Manager at Possible?

As a Financial Planning and Analysis Manager at Possible, you will be responsible for leading annual planning processes, quarterly board financial reporting, and monthly forecasts. Your duties will also include analyzing key business metrics, refining KPIs, and providing actionable insights that drive our business strategy. You'll partner with both the Accounting team and other departments to ensure that we maintain a clear financial trajectory, enabling us to support our mission of helping communities achieve economic mobility.

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What qualifications are necessary to apply for the Financial Planning and Analysis Manager role at Possible?

To qualify for the Financial Planning and Analysis Manager position at Possible, candidates should possess over 5 years of experience in corporate finance, FP&A, private equity, or investment banking, preferably in the FinTech sector. A strong understanding of accounting principles and financial statements is essential, along with advanced Excel skills and a willingness to learn SQL. Candidates should also show intellectual curiosity, analytical problem-solving skills, and the ability to present complex information clearly to various stakeholders.

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How does the Financial Planning and Analysis Manager contribute to Possible's mission?

The Financial Planning and Analysis Manager at Possible plays a crucial role in aligning financial strategy with our mission to improve financial health for our customers. You will leverage financial modeling and analytics to guide decision-making across the organization, ensuring that our initiatives are both financially viable and strategically sound. By providing insightful analysis and effective communication, you'll help us stay on track towards empowering communities for generations to come.

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What skills are important for a successful Financial Planning and Analysis Manager at Possible?

Success in the Financial Planning and Analysis Manager role at Possible hinges on several key skills. Proficiency in analytical thinking, project management, and strategic communication is critical, as well as a deep understanding of financial metrics. Collaboration is also essential, as you'll work cross-functionally with various departments. Moreover, strong interpersonal skills will enable you to develop effective relationships with internal and external teams, enhancing team performance and organizational alignment.

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What benefits does Possible offer for the Financial Planning and Analysis Manager position?

Possible offers a competitive salary range for the Financial Planning and Analysis Manager role, starting from $140,550 up to $148,360, along with substantial equity. In addition to a robust salary, employees enjoy a comprehensive benefits package that includes health, dental, and vision insurance, a 401(k) plan, and generous paid time off, all while working in a remote-friendly environment.

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Common Interview Questions for Financial Planning and Analysis Manager
Can you explain your experience with financial modeling and analysis?

In your answer, provide detailed examples of financial models you've created, including the specific types of analyses you performed. Discuss any software or tools you used and the insights your models provided. This showcases your technical expertise and strategic thinking.

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How do you approach refining KPIs in a fast-paced environment?

Discuss your process for evaluating and selecting KPIs that align with organizational goals. Emphasize your ability to work with cross-functional teams, demonstrate adaptability, and use data to make informed decisions. Providing a specific example helps illustrate your approach.

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What methodologies do you employ when conducting variance analysis?

Explain your systematic approach to variance analysis, such as identifying deviations from budgets or forecasts, analyzing the underlying causes, and communicating findings to stakeholders. Highlight your analytical skills and the significance of your conclusions on business performance.

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Describe a time you influenced business strategy through your financial insights.

Use the STAR method to describe a specific situation where you provided financial insights that led to a significant decision or change in strategy. Explain your role in the analysis and communication process, and the resulting impact on the organization.

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How do you ensure accuracy in your financial reports?

Talk about the checks and balances you implement to maintain accuracy, such as thorough reviews, cross-referencing data, and collaboration with teams. Indicate how this diligence fosters trust in your reporting among stakeholders.

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What tools do you prefer for reporting and visualization, and why?

Discuss the tools you are proficient in, such as Excel, SQL, or reporting software, including their strengths and how they help you visualize data effectively for stakeholders. Highlight any experiences where these tools have enabled you to present compelling insights.

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How do you handle tight deadlines and multiple projects?

Illustrate your time management strategies, such as prioritizing tasks, utilizing project management tools, and maintaining communication with your team. Share specific examples of how you've successfully juggled deadlines without compromising the quality of your work.

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Can you provide an example of collaborating with non-financial teams?

Choose a situation where you worked closely with a non-financial department, explaining the project's objectives and your role. Focus on how your financial insights facilitated the collaboration and achieved successful outcomes for the project.

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What steps do you take when presenting financial information to non-financial stakeholders?

Outline your approach to simplifying complex financial data, using visual aids, storytelling, and focusing on key metrics that are relevant to the audience. Emphasize your ability to convey the implications of the data clearly and engagingly.

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How do you continue to develop your financial acumen?

Share your commitment to continuous learning through professional development courses, attending industry seminars, or following financial influencers. Highlight how you're always seeking to enhance your expertise to better serve your role.

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Full-time, remote
DATE POSTED
December 3, 2024

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