AVP of Finance
MPOWER Financing
THE COMPANY
MPOWER’s borderless loans enable students from around the world to realize their full academic & career potential by attending top universities in the U.S and Canada.
As a mission-oriented FinTech / EdTech company, we move extremely fast and leverage the latest technologies, global best practices, and heavy analytics to tackle one of the biggest challenges in financial inclusion. We’re backed by over $150 million in equity capital from top global investors, which enables our fast-growth and provides our company with financial stability and a clear path to an IPO over the coming years.
Our global team is composed of ex-management consultants, financial services and technology professionals, and other experts in their respective fields. We work hard, have fun, and believe greatly in our cause. For us, MPOWER’s mission of making this mission is personal.
As a member of our team, you’ll be challenged to think quickly, act autonomously, and constantly grow, creatively in an environment where fast change and exponential growth is the norm. ideation and implementation happens very quickly. We value feedback and emphasize personal and professional development by providing the resources you need to further your skills and grow with the company. MPOWER is committed to cultivating your strengths and curiosity and helping you make an immediate impact.
MPOWER has been named one of the best fintechs to work for by American Banker for the past 6 years in a row. We are honored to be nominated by multiple agencies and publications for our leadership in Tech, diversity and social impact. We pride ourselves on being a “growth company for grown-ups,” where there are no pool tables but rather great health, education, and maternity/paternity benefits instead. Our team diversity has been recognized as well; we’re one of the most diverse workforces in the world in terms of nationality, gender, religion, age, sexual orientation, and educational background.
THIS IS A FULL-TIME POSITION BASED IN WASHINGTON, DC.
THE ROLE
As the AVP of Finance you are responsible for overseeing all financial reporting, accounting operations, internal controls, and treasury activities for the company. You will ensure the integrity of financial information, lead financial audits, and drive continuous improvements in financial processes and systems as well as cost management. This position is a key business partner, providing leadership and strategic financial advice to the CFO, executive team, and Board of Directors.
You will provide the senior financial leadership and international expertise that enables improved decision-making and stakeholder reporting, while implementing and managing the formal processes and controls that are expected of a growing highly-regulated international business. Your responsibilities will include, but are not limited to:
- Providing strategic financial input and leadership on issues affecting the business as well as developing and managing sophisticated financial models that assist both the finance and the Executive team in decision making including recommendations on corporate transactions, new business initiatives, and cost management
- Leading the stakeholder reporting, annual budget and monthly/quarterly forecasting processes, including developing corporate targets and gaining alignment with the Executive team
- Identifying and monitoring significant business trends and variances to plan in revenue, expenses, headcount, capital, balance sheet and cash flow items
- Enhancing and enforcing rigorous financial frameworks, systems and policies to ensure best in class accounting and business best practices are adhered to across the company, including in global offices
- Developing a near and long-term roadmap for financial, accounting, cost management, treasury, fiscal and regulatory strategies to optimize company performance and global corporate structure
- Leading the preparation of accurate and timely financial statements in accordance with U.S. GAAP.
- Managing monthly, quarterly, and annual close processes
- Maintaining and enhancing the company’s internal control framework
- Ensuring company financial practices adhere to federal, state, and local regulations.
- Serving as the primary liaison with external auditors and tax advisors
- Partnering with the CFO and other executives to align financial operations with the company’s strategic goals
- Developing and executing accounting policies, systems, and procedures to scale with company growth
- Building, mentoring, and leading a high-performing finance and accounting team
- Fostering a culture of excellence, accountability, and continuous improvement
- Overseeing cash management activities, working capital optimization, and banking relationships
- Collaborating with Capital Markets teams on liquidity planning and financing strategies
- Delivering insights and analysis to improve profitability, operational efficiency, and cost control
THE QUALIFICATIONS
- Graduate degree in Finance, Accounting, Economics, or other quantitative / scientific field
- CPA or CFA designation or equivalent preferred, with experience in financial services or banking, specifically in consumer credit
- 10-15 years of experience managing finance teams, including audit, financial reporting, accounting, and FP&A
- Ability to balance near-term and long-term priorities with ability to anticipate obstacles and preemptively position company for the best possible outcome
- Strong interpersonal, communication, and presentation skills with ability to influence decision making across stakeholder groups
- Advanced data modeling skills with high attention to detail and exceptional analytical thinking capabilities
- Has experience with financial and tax compliance in a cross border business environment
- Proven track record of growing and mentoring teams, developing rigorous processes and controls for fast scaling businesses, and strong technical skills in accounting, budgeting, cash management, financial controls, and shareholder reporting.
- Experience in multi-entity consolidation, international tax principles, and working in highly regulated industries is a plus
- Experience with marketplace or consumer lending is a plus
A passion for financial inclusion and access to higher education is a must, as well as comfort working with a global team across multiple time zones and locations!
In addition, you should be comfortable working in a fast growth environment, meaning a small agile team, fast-evolving roles and responsibilities, variable workload, tight deadlines, a high degree of autonomy, and 80-20 everything.