Chief Financial Officer (CFO) at Ibotta

| Greater Denver Area
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Company Overview

Ibotta’s mission is simple: we want to make every purchase rewarding. Ibotta provides cash back rewards on everyday purchases across a wide range of contexts, from the grocery store to hailing an Uber or booking a hotel online. American consumers have earned over $500M to date using our free app, which has become one of the top five most frequently used mobile shopping applications in the US. We take great pride knowing that many of our shoppers regard Ibotta as an integral part of their lives, using their Ibotta earnings to pay their medical bills, afford tuition, cover unplanned expenses, and provide holiday presents for loved ones.

We are guided by our company values, which are Integrity, Boldness, Outhustle, Teamwork, Transparency, and A Good Idea Can From Anywhere (IBOTTA). We are a high performing team and our leaders consider themselves to be performance coaches with a primary responsibility of accelerating the career success of their teammates. We enjoy establishing and routinely surpassing wildly ambitious goals. We know that the more our consumers and advertisers win, the more we win, and we love working with like-minded teammates to do just that.

Role Overview

Reporting to the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) will be a key business partner to the CEO and senior management team in the development and execution of the Company’s strategic and financial plans. The CFO will have primary responsibility for all financial activities and be tasked with building the core financial practices to meet the needs of Ibotta’s expanding operations. Although the CFO’s primary responsibilities will encompass all financial elements of the organization, this individual’s general business acumen, team leadership, and performance management will be equally important in the successful execution of the CFO’s daily responsibilities. 

We are seeking a leader who has the ability to integrate the finance function effectively into the Company’s operations, maintaining the strong financial infrastructure required to support continued rapid growth. This person will be an active member of the Company’s executive management team, contributing to financial operational and strategic decisions, and will be expected to demonstrate strategic leadership. Specifically, the CFO will play a key role in steering the organization through increasing operational complexity, as well as ensuring that the Company has a robust and scalable financial platform. In addition, the CFO will be responsible for partnering closely with the Audit Committee of the Board of Directors. The CFO must also build strong relationships with current investors, external auditors, growth equity investors and private equity companies, investment banks, law firms, potential acquirers, and others.

The ideal candidate for the position will have prior CFO experience in a large ($100 MM revenue +), high growth, entrepreneurial company and will have managed all aspects of the finance function. Prior experience in finance and accounting positions in larger organizations is also a plus, as is experience working closely with private investors, including completing an exit, either through M&A or an initial public offering.

Specific responsibilities

  • Run a highly effective finance and accounting organization with specific responsibility for driving the organization’s fiscal performance. These activities take place within a complex product/service offering matrix. Activities include oversight of the core accounting functions, financial planning and analysis, cash management, credit and collections, budget/annual plan preparation, and audit. As the Company expands, tax and treasury functions will become increasingly important and must be enhanced to meet operational needs.
  • Drive performance management through the creation of key metrics/KPIs that provide a forward-looking view into trends requiring management decisions and actions; report quarterly at Board meetings, with the ability to create and present specific information to investors. Improve and systematize FP&A processes, as well as KPI and financial performance reporting against company targets and goals
  • Lead the efforts to develop a long-term capital plan for the business, which may include additional rounds of funding, an initial public offering, and/or debt financing; articulate the Ibotta story to investors, potential investors, and Wall Street.
  • Serve as primary interface to the audit committee of the Board of Directors; present financial and operational plans to the Board of Directors. Provide confidence and assurance to the Board regarding the Company’s operations through competence, integrity and professionalism.
  • Develop and scale the company’s financial and operational infrastructure required to meet agreed performance goals and targets within established budgets and timescales.
  • Automate processes and systems to achieve efficiency gains and quality improvements on a sequential basis.
  • Motivate and lead a high-performance team of managers and professionals; provide active mentoring as a cornerstone to career development. Attract, retain and promote individuals suited to operate in an entrepreneurial environment, requiring a willingness to “roll-up-the-sleeves”, but also capable of contributing at a strategic level as needed.
  • Ensure relationships between departments are collaborative and constructive, supporting the development and execution of operating plans on a quarterly and annual basis.

Qualifications

  • Strong academic credentials required; an MBA is strongly preferred and a CPA is also a plus
  • The ability to strike a balance between managing the day-to-day finance function and influencing the strategic vision of the Company
  • Financial and business acumen to negotiate key business contracts (The company’s customer base is comprised of large, global and sophisticated customers)
  • Acute awareness of investor mindsets and ability to frame and drive value-maximizing outcomes

Personal Attributes and Values

  • Self-confident, self-driven leader who will speak up, does not succumb to groupthink and is comfortable weighing in or articulating a contrary point of view in a collaborative setting. Embraces healthy conflict based on a foundation of trust in order to reach the best possible outcomes. Capable of handling difficult conversations, does not defer them unduly, and can teach others how to do the same. 
  • Self-aware, collaborative, and open to feedback without becoming defensive or taking things personally.
  • Straightforward, no-nonsense style. Calm and level-headed under pressure.
  • A great communicator who leads by example and inspires teams at all levels of the organization.
  • Impeccable integrity and ethical standards. What you see is what you get. Honest, straightforward and accustomed to aligning with peers on the SLT and preventing divisions from emerging between departments.

About Us:

Headquartered in Denver, CO, Ibotta (“I bought a...“) is a free app that's transforming the shopping experience by making every purchase rewarding. The company partners with leading brands and retailers to offer real cash back on groceries, travel, electronics, clothing, gifts, home and office supplies, dining out, and much more. Ibotta is the ultimate starting point for savings, and having paid out more than $500 million in cash rewards to its Savers, it's no surprise why Ibotta is one of the most downloaded shopping apps in the United States

Learn more about Ibotta here: https://liferewarded.ibotta.com/press-and-media/

Additional Details

  • This position is located in Denver, CO and includes competitive pay, benefits package (including medical, dental, vision), 401k, commuter stipend, and equity.
  • Ibotta provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, and genetics.
  • Applicants must be currently authorized to work in the United States on a full-time basis.
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Technology we use

  • Engineering
    • JavaLanguages
    • JavascriptLanguages
    • KotlinLanguages
    • PythonLanguages
    • RubyLanguages
    • ScalaLanguages
    • SqlLanguages
    • Ember.jsFrameworks
    • Ruby on RailsFrameworks
    • HiveDatabases
    • MySQLDatabases
    • PostgreSQLDatabases

Location

Located in central Downtown Denver. Convenient access to public transportation and Denver's best restaurants.

An Insider's view of Ibotta

What’s the vibe like in the office?

The best part about Ibotta is the people that work here. It's humbling to be able to work with such talented and experienced team members who are all working towards a collective mission. I've been able to learn so much from my colleagues both on a professional and personal level, and they are 100% the reason that I enjoy coming into work everyday.

Prachi

Senior Account Executive, Business Development

How do you collaborate with other teams in the company?

For general questions or blockers, the engineering community is incredibly active and supportive on specialized Slack channels to get engineers unblocked. On project development cycles, my Project Manager sets meetings with relevant stakeholders as needed for planning and ongoing feedback cycles.

Becca

Platform Engineer

How has your career grown since starting at the company?

I started Ibotta as a mid-level software engineer with a few years of experience; within two years I had been promoted to a Senior Engineer and was recently promoted to Staff Engineer at the beginning of 2020. I’ve learned so much about software development and am excited to now be in a position responsible for helping to spread that knowledge.

Alex

Software Engineer/Browser Extension

How do you make yourself accessible to the rest of the team?

Weekly 1:1s with all of my direct reports and minimum monthly coffee/lunch/walk with anyone who is indirect. We also leverage "Donut" (an app through Slack) across the Marketing team. This promotes rapport building and open conversations.

Cody

Vice President of Growth Marketing

How would you describe the company’s work-life balance?

Ibotta believes that in order to feel motivated and inspired, you must have an opportunity to find fulfillment and satisfaction in your personal life.

Jawaan

Director, Data & Media Partnerships

What are Ibotta Perks + Benefits

Culture
Volunteer in local community
Each year, Ibotta employees participate in a company-wide volunteer day. Ibotta's Culture Clubs also provide multiple opportunities for volunteering and getting involved in the local community.
Partners with Nonprofits
Ibotta partners with local nonprofits such as ChickTech, Denver Urban Gardens, Wish for Wheels, the Boys & Girls Club, and more.
Intracompany committees
Building a company culture starts from the ground up at Ibotta. Some of our Culture Clubs include [email protected] Ibotta, botta Diversity & Inclusion Committee, Ibotta Gives, Sports & Outdoors, and more!
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Dental Benefits
Vision Benefits
Health Insurance Benefits
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Some Meals Provided
Happy Hours
Recreational Clubs
Professional Development Benefits
Job Training & Conferences
Lunch and learns
Promote from within

Additional Perks + Benefits

We invest in every employee with a competitive salary, company equity, a matched 401(k), leadership training, and a monthly commuter stipend. We also offer comprehensive medical, dental, and vision coverage to full-time employees, plus free onsite gym access. Oh, and we also believe in a healthy work-life balance. Flexible time off, monthly social events and happy hours, and an annual dinner bonus keep us energized and focused.

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