MycoWorks

Strategic Finance Manager

Remote

Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Materials, Biotechnology, Sustainable MaterialsIndustries

Requirements

Candidates should possess a Bachelor’s degree, with an MBA, CFA, or CPA strongly preferred, and a minimum of four years of direct FP&A experience or three years of quantitative sell-side experience at a leading investment bank, specifically focused on M&A or project finance. Advanced proficiency in Microsoft Excel, Google Sheets, and PowerPoint is required, along with expertise in Microsoft Dynamics and similar ERP systems.

Responsibilities

The Strategic Finance Manager will support both near-term execution and long-term planning by analyzing and modeling financial and operational data, performing scenario analysis, and maintaining the corporate business model. They will also support the CFO, COO, and VP of Finance with operational planning and strategic initiatives, analyze key performance indicators, cost of sales, operating expenses, and capital expenditures, provide strategic insights and conclusions based on financial analysis, identify and research variances to forecast and budget, partner with finance teams on metrics and business reviews, and support the CEO, COO, and CFO with financial analysis for strategic initiatives including M&A, JVs, and pricing, as well as maintain the Company’s corporate model and build additional functionality for cash forecasting and ROI evaluations.

Skills

Financial modeling
Operational data analysis
Scenario analysis
Financial performance metrics
Project management
Quantitative and qualitative analysis
Cross-functional collaboration
Strategic planning

MycoWorks

Produces sustainable mycelium-based leather alternative

About MycoWorks

MycoWorks produces a leather alternative called Reishi™, made from mycelium, which is a part of fungus. This material is designed to be sustainable and is appealing to fashion brands and designers seeking eco-friendly options. Reishi™ has already been used in luxury products, such as handbags and hats. The company has recently expanded its operations by opening a large facility in South Carolina, which is the first commercial-scale plant dedicated to producing Fine Mycelium™. This expansion reflects MycoWorks' commitment to meeting the increasing demand for sustainable materials in the fashion industry. Unlike traditional leather, Reishi™ offers a more environmentally friendly choice without compromising on quality. MycoWorks aims to capture a significant share of the growing leather goods market, which is projected to reach over $720 billion by 2030.

Key Metrics

Emeryville, CaliforniaHeadquarters
2013Year Founded
$181.9MTotal Funding
SERIES_CCompany Stage
Industrial & Manufacturing, Consumer GoodsIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Equity
401(k) Retirement Plan
FSA Accounts
Paid Parental Leave
Paid Holidays
Unlimited Paid Time Off

Risks

Competition from companies like Bolt Threads and Ecovative may impact market share.
Reliance on luxury markets could limit growth during economic downturns.
Operational challenges in large-scale production may affect profitability if not managed well.

Differentiation

MycoWorks offers Reishi™, a unique mycelium-based leather alternative, unlike traditional materials.
The company operates the world's first commercial-scale Fine Mycelium™ plant in South Carolina.
Reishi™ is integrated into luxury items, showcasing its premium market positioning.

Upsides

Growing demand for sustainable fashion boosts Reishi™'s market potential and adoption.
Partnerships with luxury brands like Hermès and Ligne Roset enhance brand visibility and credibility.
The new South Carolina facility enables efficient scaling to meet increasing demand.

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