Job description
DIRECTOR OF ACCOUNTING SUMMARY
RenoFi is seeking an experienced and driven Senior Accounting Manager to lead our accounting function as we scale. Reporting directly to the CFO, this role will own the company’s accounting operations, develop scalable financial processes, and act as a strategic partner to the leadership team. This is a unique opportunity for a hands-on leader to shape the financial foundation of a fast-growing startup.
A LITTLE BIT ABOUT YOU
You’re a licensed CPA with a deep understanding of accounting principles. You have experience in both public and private accounting and have navigated your share of audits. You’re detail-oriented but capable of seeing the bigger picture, with a knack for building systems that support long-term growth. You thrive in fast-paced, high-stakes environments and know how to prioritize effectively. You’re comfortable in the gray areas, taking ownership even when the path forward isn’t fully defined. While you appreciate the structure that accounting demands, you’re also a problem solver who knows when to adapt and push for change. You can build a financial model in Excel from scratch. Caffeine may or may not keep you up at night, but thoughts of working capital optimization do. Most importantly, you care deeply about your team and the impact you have on your organization.
YOU WILL HAVE A LOT OF RESPONSIBILITY HERE. YOU WILL OWN THE FOLLOWING:
- Oversee preparation of accurate and timely financial statements, including balance sheets, income statements, and cash flow statements
- Manage accounts payable, accounts receivable, general ledger, payroll and commission processes
- Manage accurate tracking of cash in/outflows and prepare and present cash review reports to VP of Finance
- Manage monthly and quarterly financial reporting and communicate financial performance, cash burn, and compliance status to leadership, investors and board members
- Maintain and monitor compliance with debt covenants and financing agreements
- Coordinate with external auditors, tax advisors and compliance department to provide required financial data and disclosures
- Ensure compliance with GAAP, tax regulations, and other licensing reporting requirements
- Develop and implement policies, processes, and internal controls
- Oversee the preparation, issuance and 1099 filing for independent contractors and vendors Supervise, train and evaluate accounting staff, fostering a culture of accuracy, efficiency and collaboration
- Collaborate with department heads to align financial and reporting strategies with organizational goal
IN YOUR FIRST SIX MONTHS, YOU WILL:
- Understand the company’s business model, organizational structure, and financial goals
- Assess current financial processes (AP/AR, payroll, general ledger, financial reporting)
- Understand compliance requirements, relevant GAAP, licensing regulations, debt covenants
- Get hands-on with NetSuite, Looker, Salesforce and data systems used for financial tracking and reporting
- Begin overseeing financial processes and identify areas to improve policies and processes
- Coordinate with external auditors and tax advisors to provide necessary data for upcoming audits and tax filings, ensuring smooth communication
- Begin planning for the preparation and issuance of 1099 filing
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, NYCA Ventures, CMFG 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
The first blog post we wrote announcing RenoFi to the world and outlining why we started the company: https://www.renofi.com/learn/you-only-raise-your-family-once/
Press coverage in the Philadelphia Inquirer highlighting RenoFi as a new way to finance renovations
Press coverage by Axios announcing our most recent fundraising round of $14 million
Renovation Loan Time Machine (video) - if you want to see what a Delorean and renovating have to do with each other :)
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