Proven

PROVEN is using AI, data and personalization to disrupt skincare and…

Sr. Director/ VP of Finance

Location
Remote
Job Type
Full-time
Experience
6+ years
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Amy Yuan
Amy Yuan
Founder

About the role

About PROVEN:

At PROVEN, we believe everyone is beautifully different, and their skin should be cared for accordingly. Founded in 2017 by two women of color, PROVEN uses award-winning artificial intelligence to create a customized skin care system for every individual’s unique needs. Check us out in features on leading shows and publications including Shark Tank, Today Show, People, Wall Street Journal, Forbes, Allure, Fox, CNBC, and Refinery29.

About the Job:

We are seeking a Sr. Director/ VP of Finance to develop and execute the daily operations of the Finance Department so that we can meet our financial growth goals. This individual will be working closely with our CEO, COO and department leaders to ensure that our books are kept up to date and accurate for quick decision making and reporting. The Sr. Director/ VP of Finance must be extremely detail-oriented yet efficient and have a deep understanding of GAAP. This leader will need input from a variety of employees and must be an effective collaborator. The ability to troubleshoot, manage relationships, and create foundational systems in chaotic and often disorganized environments is critical to this role. This role will be ever changing and will require the candidate to be flexible and open-minded.

Your Key Responsibilities:

Strategic Finance:

  • Ensure the company has accurate financial metrics (e.g., revenue, expenses, cash flow/burn)
  • Help the company stay informed about the performance of those metrics
  • As the company matures, manage the audit process
  • Be the scorekeeper

Financial Planning (aka, FP&A):

  • Manage the budgeting and planning processes
  • Maintain a financial model that projects performance into the future
  • Track business performance over time, and continually improve the model to be more robust and predictive
  • Constantly look for opportunities to suggest improvements to business performance

Accounts Payable/Receivable:

  • Manage cash – both collections and disbursements
  • “Optimize” cash management (collect money fast, disburse money slow)

Capital Markets:

  • Help the company get the capital needed for the business to survive/thrive
  • Optimize the mix of capital between equity and debt where relevant
  • Manage the company’s investor base

Treasury:

  • Manage the cash in the business intelligently, balancing returns and risk
  • Mitigate risks (e.g., liquidity, currency) to the extent possible

Tax:

  • Understand the company’s tax requirements
  • Make sure the company is compliant with various tax authorities
  • “Optimize” tax obligations within the bounds of compliance

Risk:

  • Assess potential risks facing the company and proactively try to mitigate them
  • As the company matures, manage internal audit

Who You Are:

  • 7 – 12 years of finance related experience
  • Bachelor’s degree required; concentration in accounting or finance preferred
  • Investment banking or Big 4 experience/CPA/CPA candidate preferred
  • Strong knowledge of corporate finance and other accounting theory, principles and practices
  • Mastery knowledge of accounting software including QuickBooks, NetSuite, Expensify and Bill.com
  • Comfort in the startup environment and able to create structure and foundational accounting processes
  • Strong oral and written communication skills
  • Experience in consumer goods and/or wellness/beauty is a plus

Benefits of working at PROVEN: At PROVEN, we are committed to the happiness and wellbeing of our employees, and our inclusive benefits include:

  • Work flexibly - we are fully distributed with employees around the country and you can work from the convenience of your own home
  • Unlimited paid time off (covering vacation, paid bereavement, and family sick leave) - every employee needs time to take care of themselves and their family
  • Exclusive employee subscription discounts and SWAG - to ensure you experience the magic of PROVEN’s products (and give us valuable feedback!)
  • Comprehensive health insurance - insurance for health, vision, dental, FSA, and dependent care - your health comes first, and we’ve got you covered
  • Industry-leading 401k match - we invest in your future
  • Company-wide events & in-person outings - those who play together, stay together!

PROVEN is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant or employee based on any legally-recognized basis, including, but not limited to: race, color, religion, sex (including pregnancy, lactation, childbirth or related medical conditions), sexual orientation, gender identity, age (40 and over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed service member status or any other status protected by federal, state or local law.

Why you should join Proven

At PROVEN, we have built the most comprehensive database the beauty industry has ever seen, having analyzed over 8 million skin care reviews, on more than 100,000 products, 20,000 ingredients, and 4000 academic peer reviewed papers. This database is nicknamed the Beauty Genome Project. We then use the data and machine learning to tailor-make beauty products that actually work, because they are formulated specifically for you own individual skin.

Customers fill out an online quiz (questions cover age, ethnicity, lifestyle, and geographic location) to receive a unique skin profile and set of skincare products based on findings from the Beauty Genome Project.

We are changing not just the way that consumers discover and buy beauty products, but also how CPG companies are operated, with less wasteful, more targeted marketing, more efficient inventory turnover, and longer customer life time value using data and personalization.

PROVEN was selected to be in the Oscars gift basket to this year's nominees, and has been featured in New Beauty, Fast Company, TechCrunch, the Verge, and the Huffington Post.

PROVEN had just graduated from Y Combinator. We were also selected to be in this Sephora's Beauty Innovation accelerator, and had just won MIT's AI Startup Idol award of the year.

Proven
Founded:2017
Team Size:10
Location:San Francisco
Founders
Amy Yuan
Amy Yuan
Founder
Ming Zhao
Ming Zhao
Founder