Head of Finance

About Rundoo

Rundoo’s mission is to build cutting-edge software that helps building materials suppliers enhance their businesses. Think of your local hardware store or mom and pop shop—these are our clients who we partner with across the country. From paint to hardware to flooring, stores across these industries sell over $1T of building materials annually using outdated, on-premises systems. We’re aiming to change by being the first in the industry to empower independent supply stores with best-in-class technology.

Backed by leading investors including Bessemer and CRV, we've raised $18M across three rounds and are growing quickly. Our team is made up of builders, sellers, and industry veterans with a shared goal : to bring modern technology to an overlooked industry.

Role

We have found product-market fit and are now working to scale quickly : we want to 2-3x each year for the next five years. To ensure we scale with maximum capital efficiency, we want to bring on an expert in strategic finance. In addition to finance, we want this expert to own our people strategy. Why? Because people are both the largest financial expense and the largest financial driver of success. Our investors agree : their most successful portfolio companies at our stage marry financial and people operations.

As such, this is the broadest role we have hired externally for, and we’re excited at the impact you can have! If you and Rundoo are successful, we hope you will build out a team and eventually become CFO.

By the end of your third month, we want you to own the below 10 things. The first 7 are traditionally finance :

Build the operating model — Define the underlying drivers of the business and then model all cash inflows and outflows on a forward-looking basis that ends up matching reality. This model will be the bedrock of all strategic decisions we make.

Make strategic recommendations — Based on the above operating model, make recommendations on hiring, fundraising, and any other key metrics that drive the business.

Communicate with our investors — During quarterly board meetings and ad hoc data requests, communicate with our current investors on the financial status of the business.

Fundraise from new venture capitalists — Work with the co-founders to tell the compelling financial story of the business to attract additional investments.

Hold the team accountable — Every team has a metric they are driving toward. Ensure this metric is calculated correctly and in front of the teams so they can manage toward it. If they are not on track, flag it immediately.

Close the books — Ensure our P&L, balance sheet, and cash flow statement are generated in an accurate and timely manner at month-end. As we grow, we will likely have investor-mmandated audits that we expect you to lead us through.

Ensure compliance — Ensure we pay all income, payroll, and other taxes on time, working with outside professionals as needed. Ensure we are filing all necessary franchise fees, licenses, forms, and the like.

And the last 3 are traditionally people (recruiting / HR) :

Build our people strategy — Work with department heads to define and publish a compensation framework — in terms of salary, commission, equity, and benefits (medical / dental / vision insurance, educational, health, parental leave policies, etc.) — that attracts and retains top talent.

Build our employer brand & recruiting system — Build a recruiting system that attracts world-class talent to Rundoo, onboards them effectively, measures performance accurately, and empowers managers to drive for excellence.

Handle HR issues — When HR issues inevitably arise, work with outside legal counsel and the hiring manager to address the challenges at hand. Ensure we are compliant with all relevant laws.

Success and Failure

By your third month, your level of independence will largely determine your success or failure.

Success : You have earned the trust of the board and co-founders to operate independently. We all have high confidence we are spending our capital in the most efficient way to drive growth. You have built an excellent operating model that is consistently close to actual results. We have more conviction in hiring plans because of this accuracy. Department heads are operating more effectively because you’ve focused them on the metrics that matter. VCs are eager to invest because you tell a compelling story of the business. Top talent is eager to join Rundoo and productive when they’re here.

Failure : We consistently find errors in your work or suggest changes to the way you are operating. The operating model does not forecast reality with any predictability. There is no meaningful change in how effectively departments operate or the level of talent we can attract. We have unresolved HR issues that create liability for the company. You do anything (using funds inappropriately, sharing personal information inappropriately, answering questions negligently) that suggests a lack of honesty, trustworthiness, or judgment.

If we are in the failure situation, we will either part ways or move you elsewhere in the company.

Compensation

$213k-$251k, 0.0932%-0.1732% equity

We leveled this role at the 75th percentile of either Senior Finance Manager (lower end of the band) or Director of finance (higher end of band) for tech startups in the SF Bay Area at our valuation.

Interview Process

Because this role will bring an orthogonal skill set to the company, we will lean heavily on opinions of those outside the company. Namely, you will interview with one of our investors, and we will lean heavily on references.

Intro call, 30 min — A call with Nick (Co-Founder & CEO) to understand your background. A few questions about your knowledge of strategic finance and people operations.

Financial modeling, 30 min — One of our VC investors will assess your knowledge modeling the finances of a SaaS company.

Onsite, 6 hours — A full day with the cofounders and department heads you will be working directly with : head of sales, head of product, and VP of engineering.

6 References — Two manager, two peer, and (if relevant) two managee references to get a full picture of what it’s like working with you.

Profile

Requirements

The below are non-negotiable. If you do not have the below, then you will not be considered for this role :

Experience — You have 5-10 years in investment banking, private equity, venture capital, consulting, and / or strategic finance at a startup beyond Series A.

Honest & trustworthy — You must tell an honest story of the business; sugarcoating and over-optimism have killed many startups. You will work with sensitive company and personal information, and you must handle it responsibly.

Financial modeling skills — You have had a role that required modeling out the future finances of a company.

Accounting skills — You know the basics of accounting : debits and credits, income statement / balance sheet / cash flow statement, revenue recognition.

HR skills — You know the basics of recruiting (writing JDs, sourcing / interviewing candidates), managing (OKRs, PIPs, performance reviews), and compensation (salary, equity, medical / dental / vision insurance, fringe benefits).

Location — You are based in the Bay Area and are excited to generally be in-person four days per week in Redwood City.

Detail-oriented — You ensure that finances are categorized accurately.

Inviting personality — You build rapport quickly with others because you will be a leader at the company.

Nice-to-haves

For a particularly hungry and competent candidate, we are happy to forego any of the below requirements :

Built a team — You will be our first finance hire and will build a team as we scale.

Technical education — You have a degree in math, computer science, or statistics. Though none of the math in financial modeling is particularly complex, we believe that a technical background leads to the type of abstract problem-solving this role requires.

MBA or any formal financial licensing (eg CPA) — You have learned the investing, managing, and accounting principles taught in business school or a similar program.

About our founders

Andrew (CTO) : studied computer science & humanities at Stanford; worked as a software engineer and head of engineering at Apple & Anova; danced with the SF ballet (where he met his wife)!

Nick (CEO) : studied math & computer science at Stanford; worked as a trader at Bridgewater & Citadel and as a PM at Google & Enigma; distantly related to the founder of the Hershey company

How we've fundraised

We've raised $18m across three rounds :

A $2m pre-seed led by Bessemer with participation from Plug & Play, Quiet Capital, and Sequoia.

A $5m seed led by Caitlin Bolnick Rellas at CRV.

An $11m series A led again by Bessemer and CRV.

Benefits

Full medical, dental, and vision coverage (100% of premiums for you, 50% for dependents)

401k with Betterment

Unlimited PTO with 10 company paid holidays

In-office gym

Daily team lunches for those in office

Learning materials and audiobook subscriptions

Dog-friendly office

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