Varo is an entirely new kind of bank. All digital mission-driven FDIC insured and designed for the way our customers live their lives. A bank for all of us.
Varo is looking for a new strategic partner to head the financial planning and analysis team. This small but mighty team is a critical support to Varos leadership in charting the path to where no bank has been before. The FP&A team works for the CFO Office of Varo Bank alongside the Treasury and Accounting teams within Finance. It takes ownership of Varos financial health.
Our ideal candidate will spearhead financial forecasting/budgeting financial reporting (for management investors and regulators) and collaborate closely with senior stakeholders across the organization to bring an analytically rigorous data-driven approach to key decision-making making e.g. product development customer segmentation channel profitability staffing/capacity forecasting partnerships competitive market intelligence etc.
What youll be doing:
Develop a top-in-class forecasting and planning function (FP&A) while executing the companys financial strategy as a critical member of Varos leadership teamPartner with key departmental stakeholders to provide financial and analytical support including but not limited to Operations Product Technology Risk etc.
Develop and prepare annual quarterly monthly and ad-hoc financial and KPI reporting for executives investors and regulators (including required regulatory reporting)
Partner with the Accounting function for an efficient and well-supported financial close
Help to create maintain and support Varos dynamic business plan and financial forecasts
Lead business performance discussions and driver-based flux analysis on a monthly basis
Additional responsibilities as deemed appropriate for the role and growth of the finance team
Youll bring the following required skills and experiences:
Bachelors degree in finance or related discipline (CFA a plus)
7 years experience in FP&A Strategic Finance Investment Banking or Corporate Development
Strong work ethic with an ability to focus on complex financial problems; surgically strong detail orientation and commitment to accuracy
Experience in streamlining processes and understanding the bigger picture
Experience in building a strong motivated team in a high-paced environment
Ability to acquire new skills and adapt to or implement technology evolution such as the use of AI in forecasting
Experience with data management and/or financial information systems preferably with Anaplan
Previous experience in neo-banking financial services retail and/or commercial banking is required
$200000 - $250000 a year
For cash compensation we set standard ranges for all US-based roles based on function level and geographic location benchmarked against similar-stage growth companies. Per applicable law the salary range for this role is $200000 - $250000. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.
#Director
We recognize not everyone will have all of these requirements. If you meet most of the criteria above and youre excited about the opportunity and willing to learn wed love to hear from you!
About Varo
Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. Were a new kind of bank all-digital mission-driven FDIC-insured and designed around the modern American consumer.
As the first consumer fintech to be granted a national bank charter in 2020 we make financial inclusion and opportunity for all a reality by empowering everyone with the products insights and support they need to get ahead. Through our core product offerings and suite of customer-first features we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.
Varo will never ask for payment to process documents refer you to a third party to process applications or visas or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer please e-mail with the pertinent information and contact information.
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