Kafene

Assistant Controller

Remote

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Point-of-Sale Financing, Lease-to-OwnIndustries

Assistant Controller

Employment Type: Full-time

Position Overview

Kafene is a leading point-of-sale financing partner dedicated to empowering flexible ownership solutions for underserved customers nationwide. By enabling our retail partners to offer flexible lease-to-own (LTO) purchase options for both prime and non-prime consumers, Kafene helps merchants grow their customer base and meet the increasing demand for furniture, appliances, electronics, tires, and other durable goods. Utilizing over 20,000 data inputs alongside cutting-edge AI and machine learning technologies, our platform creates a best-in-class experience for both merchants and customers. With over $400 million in sales since inception, we are rapidly growing and looking to expand our team.

We take pride in fostering a dynamic workplace culture that values collaboration, innovation, and mutual support. Our team of 170 is spread across our NYC headquarters, a Wilmington office, and fully remote staff nationwide. Last year, we were recognized as one of Built In's Startups to Watch and Forbes' Best Startup Employers.

Our team is seeking an Assistant Controller to oversee all financial and accounting operations. Reporting directly to the Director of Finance, the Assistant Controller will lead accounting operations, ensure compliance with relevant accounting standards and regulations, and prepare accurate financial statements. This role requires strategic financial insight, high-level decision-making, and the ability to support executive leadership with in-depth financial analysis. The ideal candidate will maintain rigorous financial records while driving operational efficiency and contributing to the company’s long-term financial strategy.

Location Type: Preferred location is New York City (hybrid work schedule). Remote candidates outside of NYC will also be considered.

Responsibilities

  • Own and oversee day-to-day accounting operations, including the general ledger, accounts payable/receivable, payroll, and cash management.
  • Lead the monthly, quarterly, and annual close processes, including preparation and review of journal entries, account reconciliations, and supporting schedules.
  • Prepare and ensure the accuracy and timeliness of financial statements in accordance with U.S. GAAP.
  • Lead the preparation of internal and external financial reports for senior leadership, investors, and auditors.
  • Ensure compliance with GAAP, tax regulations, and internal financial policies and procedures.
  • Coordinate and manage external audits and tax filings, ensuring accurate and timely responses to auditor inquiries.
  • Implement and maintain robust internal controls to safeguard assets and ensure the integrity of financial reporting.
  • Analyze financial performance, monitor budget vs. actuals, investigate variances, and provide actionable insights and recommendations.
  • Support strategic decision-making by analyzing complex financial data and identifying trends.
  • Manage cash flow forecasting and liquidity planning; optimize use of financial resources.
  • Maintain strong relationships with banks and financial partners.
  • Evaluate, recommend, and implement improvements to accounting systems, processes, and workflows.
  • Manage, mentor, and develop a Senior Accountant and other members of the accounting team.
  • Support the development and implementation of accounting policies and procedures to scale with company growth.

Qualifications

  • Bachelor’s degree in Accounting, Finance, or a related field; CPA certification is a plus.
  • Minimum of 5 years of progressive accounting experience, including at least 3 years in a managerial or leadership role.
  • In-depth knowledge of financial accounting principles, financial reporting standards, and regulatory compliance.
  • Hands-on experience with accounting software and ERP systems (e.g., QuickBooks, NetSuite, SAP).
  • Proficient in Microsoft Office Suite, particularly Excel, Word, and PowerPoint.
  • Exceptional analytical, problem-solving skills.

Company Information

Kafene is a leading point-of-sale financing partner dedicated to empowering flexible ownership solutions for underserved customers nationwide. We are rapidly growing and were recognized as one of Built In's Startups to Watch and Forbes' Best Startup Employers. Our team of 170 is spread across our NYC headquarters, a Wilmington office, and fully remote staff nationwide. We foster a dynamic workplace culture that values collaboration, innovation, and mutual support.

Skills

Accounting Operations
Financial Statements
Financial Analysis
Financial Records
Operational Efficiency
Financial Strategy
AI
Machine Learning

Kafene

Consumer leasing with flexible payment options

About Kafene

Kafene provides lease-to-own options for various products such as furniture, appliances, electronics, tires, and wheels, targeting consumers who seek financial flexibility without the need for upfront payments. Customers can apply online without a credit check, ensuring that their credit score remains unaffected. Upon approval, which can reach up to $5,000, customers can lease products from their preferred stores with customized payment options tailored to their needs. Kafene stands out from competitors by offering a straightforward application process and flexible payment plans, along with a strong focus on customer satisfaction, including accommodating changes in payment schedules. The company's goal is to provide an accessible and affordable leasing solution that empowers consumers to acquire the products they need without the burden of immediate payment.

New York City, New YorkHeadquarters
2019Year Founded
$74.9MTotal Funding
DEBTCompany Stage
Fintech, Consumer GoodsIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Gym Membership

Risks

Increased competition from fintech companies could erode Kafene's market share.
Regulatory scrutiny on lease-to-own agreements may impact Kafene's business model.
Economic downturns could lead to higher default rates, affecting revenue and profitability.

Differentiation

Kafene offers a no-obligation return policy, unlike traditional debt products.
Their AI-based underwriting provides personalized and efficient customer experiences.
Kafene's app-based point-of-sale solutions cater to mobile-first consumer behavior.

Upsides

Partnerships with large retail groups expand Kafene's market reach and customer base.
Recognition as a top startup employer enhances Kafene's reputation and attracts talent.
Recent funding rounds enable Kafene to scale operations and reach more consumers.

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