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Finance Manager

Web3 has created a new era of decentralised finance, democratising financial access. However, it has fallen short in generating mass consumer applications and remains largely centered around finance. We believe blockchain technology is a cornerstone for the future of new, open Internet applications.

Today, there are limits to what you can build on-chain. Many factors constrain this, from the cost of running applications to the fundamental performance limitations of existing blockchains. We believe that new technologies can unlock a new class of real-time applications that normally must be built on Web2 foundations. Enabling these systems to be built on-chain will allow the free movement of businesses and users between online platforms, creating what we call a true virtual society.

We are building Somnia, a fast and cost-effective EVM-based blockchain, to achieve this. Somnia is a layer-one blockchain with full EVM compatibility, capable of processing over 400,000 transactions per second with sub-second latency and low fees. This will unlock a new wave of on-chain applications. Initially, we are focusing on gaming, metaverse, and social experiences. But we are not even 100% certain of what can be built with the technology we are creating.

Somnia is being developed by Virtual Society Foundation, an independent organisation initiated by Improbable, a British start-up that has been at the forefront of building virtual worlds for over a decade. VSF received initial funding from MSquared, which raised $150 million in funding from a16z crypto, SoftBank, Mirana Ventures, CMT Digital, and SIG.

About

We are seeking an experienced and strategic Finance Manager to oversee the financial operations of our company. The ideal candidate will ensure efficient financial management, maintain operational excellence, and contribute to the organization’s long-term sustainability.

Job Responsibilities:

  • Develop and optimize the financial operations infrastructure of the company.

  • Set up and manage proprietary fiat and crypto treasury capital and ensure asset diversification.

  • Process fiat and crypto invoices, payments, and reimbursements promptly and accurately.

  • Determine financial requirements for operations, including working capital, cash flow, and budget allocations for various departments.

  • Manage and monitor departmental budgets, analyze performance, and implement corrective actions as necessary.

  • Conduct financial analyses, including estimating startup costs, operational expenses, and revenue projections.

  • Prepare corporate and management financial statements to meet reporting requirements.

  • Maintain and update the finance department’s SOPs to reflect current practices and compliance requirements.

  • Collaborate with cross-functional teams to ensure financial alignment and support organizational goals.

  • Identify financial risks and opportunities, proposing strategies for mitigation and growth.

Requirements:

  • Bachelor’s degree in Finance, Accounting, Economics, or a related field; advanced degree or CPA/CFA certification preferred.

  • Minimum of 5 years of experience in financial management, preferably in a foundation or startup environment.

  • Strong expertise in financial modeling, budgeting, and reporting tools.

  • In-depth knowledge of treasury management and asset diversification strategies.

  • Exceptional analytical and decision-making skills, with a proactive problem-solving approach.

  • Excellent communication skills and the ability to work effectively with cross-functional teams.

  • Proven ability to develop and maintain financial SOPs and ensure compliance with relevant regulations.

  • Preferable experience in crypto payments.

Role Location 

  • The role is remote, but strong preference for Europe or Asia.

Reporting Lines 

  • This role will report to the Head of Operations.

Compensation

  • $80,000

Average salary estimate

$80000 / YEARLY (est.)
min
max
$80000K
$80000K

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 Finance Manager, Virtual Society Foundation

Join the vibrant team at Virtual Society Foundation as a Finance Manager and play a key role in reshaping the financial landscape of decentralized applications. In this exciting position, you’ll oversee financial operations that are as dynamic as the blockchain technologies we're building. Your mission will involve developing and optimizing our financial infrastructure to ensure that we’re not just operating efficiently but also setting ourselves up for long-term success. You'll manage both fiat and crypto treasury, ensuring we have a diversified and sustainable asset base that supports our revolutionary blockchain project, Somnia. You'll be at the forefront of financial analyses, budget management, and strategic collaboration as we expand our offerings in gaming, metaverse, and social experiences on our EVM-based blockchain. Your responsibilities will also include processing invoices accurately and promptly, preparing financial statements, and identifying risks and opportunities within the financial landscape of our organization. With your strong background of at least five years in financial management and your expertise in treasury management, you’ll bring exceptional analytical abilities and a proactive mindset to our team. If you're looking for an opportunity to be a part of a transformative project at the intersection of finance and technology, then this is the place for you! We’ll offer you competitive compensation starting at $80,000, and while the role is remote, we are especially keen to connect with candidates located in Europe or Asia who are excited about our mission to harness the potential of blockchain technology.

Frequently Asked Questions (FAQs) for Finance Manager Role at Virtual Society Foundation
What are the key responsibilities of a Finance Manager at Virtual Society Foundation?

As a Finance Manager at Virtual Society Foundation, your primary responsibilities will include optimizing financial operations, managing both fiat and crypto treasury capital, and ensuring accurate processing of invoices and payments. You'll also determine financial requirements for operations, analyze departmental budgets, prepare financial statements, and collaborate with cross-functional teams to support our goals.

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What qualifications are needed for the Finance Manager role at Virtual Society Foundation?

The ideal candidate for the Finance Manager position at Virtual Society Foundation will have a Bachelor’s degree in Finance or a related field, with a preference for advanced degrees or CPA/CFA certifications. You should also possess at least five years of experience in financial management, particularly in a startup or foundation environment, along with strong expertise in financial modeling and treasury management.

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Is experience in crypto necessary for the Finance Manager role at Virtual Society Foundation?

While it is preferable to have experience in crypto payments for the Finance Manager role at Virtual Society Foundation, the essential qualifications focus on strong financial management skills, analytical capabilities, and the ability to maintain compliance with regulations. Your adaptability and willingness to learn about the crypto landscape can also be beneficial.

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What is the working environment like for a Finance Manager at Virtual Society Foundation?

As a remote position, the working environment for the Finance Manager at Virtual Society Foundation is flexible and supportive. You'll have the opportunity to collaborate with a diverse team focused on building innovative decentralized technologies. Strong communication and collaboration skills are key to thriving in this role, especially as you work across different departments.

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What are the growth opportunities for Finance Managers at Virtual Society Foundation?

At Virtual Society Foundation, Finance Managers can expect significant growth opportunities as the organization evolves. With your strategic contributions to our financial operations, you’ll play a critical role in driving the company’s success, opening pathways for advancement as we continue to innovate within the decentralized finance landscape.

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Common Interview Questions for Finance Manager
Can you describe your experience with financial modeling relevant to the Finance Manager position?

When answering this question, focus on specific projects where you developed financial models. Highlight your process, the tools you used, and the impact of your models on decision-making. This demonstrates your practical experience and analytical skills, which are crucial for the Finance Manager role.

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How do you approach managing departmental budgets?

Discuss your strategy for budget management, including how you collaborate with other departments to understand their needs, monitor expenditures, and implement corrective actions when necessary. Providing examples will showcase your hands-on experience and collaborative nature.

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What financial reporting standards do you follow?

Highlight your adherence to relevant financial reporting standards, such as IFRS or GAAP, and discuss how you've ensured compliance in your previous roles. This demonstrates your knowledge and commitment to maintaining high standards in financial reporting.

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How would you identify and mitigate financial risks in a startup environment?

Share your approach to conducting risk assessments, identifying potential vulnerabilities, and implementing proactive strategies for risk mitigation. Providing specific examples from your experience will lend credibility to your problem-solving skills.

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Describe a time you successfully improved financial operations in a previous role.

Use the STAR method (Situation, Task, Action, Result) to detail a specific scenario where you improved financial operations. Focus on the challenges you faced, the actions you took, and the quantifiable results that followed.

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Why is treasury management important for a Finance Manager?

Explain the critical role treasury management plays in maintaining liquidity, managing cash flow, and ensuring that assets are effectively diversified. Stress how these aspects contribute to the overall financial health of the organization.

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What experiences do you have with crypto payments and treasury management?

Discuss any hands-on experience you have in managing crypto transactions, especially if you've dealt with volatility and liquidity issues. This could set you apart as a candidate who is both knowledgeable and adaptable in a rapidly evolving finance landscape.

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How do you ensure compliance with financial regulations?

Talk about your methods for staying informed about financial regulations and your strategies for implementing compliance measures within the finance department. This will portray your commitment to legal and financial integrity.

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What tools and software do you use for financial reporting?

Mention specific tools and software platforms you’ve utilized, and explain how these tools have enhanced your reporting capabilities. This displays both technical proficiency and the ability to leverage technology effectively.

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How do you foster collaboration across departments as a Finance Manager?

Describe your communication style and methods for establishing relationships with other departments. Highlight the importance of collaboration in aligning financial goals with organizational objectives to underscore your team-oriented approach.

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MATCH
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FUNDING
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TEAM SIZE
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HQ LOCATION
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EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
March 28, 2025

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