We aren’t shy about our ambitions. Everyone at RenoFi deeply believes the world will be a better place when renovating becomes possible for every homeowner in America.
We are looking for an experienced, detail-oriented, FP&A Manager to add depth to our finance infrastructure. We’re growing fast and we need an entrepreneurial finance maven who has the skills and horsepower to scale with us.
YOU ARE:
A numbers guru. A data junkie. And a savvy communicator -- particularly when it comes to presenting.
You have substantial FP&A experience and you see through the lens of the big picture. You’ve dabbled in some accounting and could book accruals if you had to. You’re pretty good at everything, but really good at the details — and you’re relentless about following-up. You’re a self-starter and GTD disciple who needs limited supervision. You’ve never been late to a meeting, even though you can’t stand them. You’ve built more Excel models from scratch than you can remember, but your secret weapon is your ability to navigate Keynote. Caffeine doesn’t affect you, but thoughts of working capital optimization keep you up at night. You love coming to work every day. And most importantly, you’re the glue that binds your team together.
YOU WILL OWN:
- Curating a cohesive narrative for ad-hoc analysis, financial reporting results, and delivering recommendations to leadership regarding health of the business
- Financial reporting and related materials for management review, board materials, and investor relations
- Compiling and tracking KPIs and internal metrics
- Oversight and maintenance of updating annual budget and model / projections
- Identifying and pursuing opportunities to manage and improve our working capital (including lines of credit, payment terms, etc.)
- Managing our capitalization table for new options / warrants issuances and exercises
- Drafting marketing materials and negotiating documentation related to financing and fundraises
YOU SHOULD ALSO KNOW:
- You’ll be wearing other hats as necessary, including supporting projects related to compliance, risk management, and HR
- We think outside the box here - you’ll have to be comfortable in the grey space
We are committed to hiring and cultivating a diverse team. If you are uncertain about whether you meet our requirements, please apply anyway!
ABOUT US:
The demand for home renovations has never been stronger, yet, it's surprisingly difficult for a new homeowner to renovate. It can take a decade to build up enough home equity and savings to pay for a major renovation. As a result, recent homeowners do a lot of financially-suboptimal things to compensate like borrow from their 401k, rack up credit card debt, and use high-interest personal loans. Or they just live unhappily for years in a home that doesn't meet their family's needs.
But by completing a major renovation, homeowners are increasing the value of their home. Professional real estate investors leverage this After Renovation Value (ARV) to roll the increase in value into new properties all the time. But there hasn't been a great way for homeowners to take advantage of this. If homeowners had an ability to borrow against the ARV, they could increase their borrowing power up to 10x.
To meet this need, RenoFi created a platform that enables homeowners to borrow funds from RenoFi approved lenders in the form of the first home equity loan purpose-built for renovations! Unlike standard home equity loans, RenoFi Loans use the value of your home post-renovation which lets you borrow the most money at the best possible terms. RenoFi is creating a full suite of renovation loan products to better suit the needs of today’s homeowners!
For homeowners, RenoFi makes it possible to renovate years earlier than might be otherwise feasible. For contractors, we empower the financing of renovations at the point of sale, reducing instances of scope reduction, and ensuring prompt payment. Our lender partners, most often credit unions, rely on RenoFi's platform to generate loans, create efficiencies, and grow membership. The lenders pay RenoFi for the new loans, which allows us to offer our services to homeowners for free. RenoFi is truly a win-win-win for everyone involved.
RenoFi is backed by some of the best startup investors in the world, including First Round Capital, Comcast Ventures, and Canaan Partners.
WE ARE A GLOBALLY DISTRIBUTED TEAM
RenoFi has been built from the start as a fully distributed team with an intentional focus on growing a strong team and culture that spans timezones and nationalities. Here's one fun example!
Please highlight any prior experience working remotely when applying. US or GMT-adjacent timezones will be prioritized.
RenoFi offers competitive cash and equity compensation. Some benefit offerings will vary from country to country. In the United States, we offer competitive health and retirement plans. All staff across the globe enjoy a flexible vacation policy.
READ MORE ABOUT RENOFI
Our post announcing our funding: https://www.renofi.com/blog/financing-should-not-be-the-hardest-part-of-renovating/
Blog post by our lead investor announcing his investment in RenoFi: https://www.canaan.com/latest/brendan-dickinson-announcing-our-investment-in-renofi
National coverage by Housing Wire: https://www.housingwire.com/articles/renofi-raises-6-4-million-to-help-lenders-offer-home-renovation-loans/
#LI-Remote
Top Skills
What We Do
enoFi offers the first home equity loan purpose built for renovations.
For homeowners planning a renovation, RenoFi loans let you borrow the most money at the best possible terms without the need to refinance your primary mortgage. This is because RenoFi uses the expected value of your home post-renovation rather than your home’s current value, increasing your borrowing power.
For lenders, RenoFi is the only scalable, turn-key channel of renovation loans and provide a cost-effective means of growing your home equity portfolio.
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