Chief Financial Officer (CFO) at Ibotta

| Greater Denver Area
Sorry, this job was removed at 1:22 p.m. (MST) on Thursday, December 26, 2019
Find out who's hiring in Colorado.
See all Finance jobs in Colorado
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Company Overview

Ibotta’s mission is to Make Every Purchase Rewarding. Ibotta provides cash back rewards on everyday purchases from the grocery store to hailing an Uber or booking a hotel online. Our most recent launch of Pay with Ibotta allows our Savers to pay directly from the app and get instant cash back at hundreds of retailers and restaurants. Consumers have earned over $600M to date using our free app, which has become one of the top five most frequently used mobile shopping applications in the US. 

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. While the CFO’s primary responsibilities will encompass all financial elements of the organization, this individual’s ability to help rapidly grow the business, including identifying, absorbing, and mitigating key business risks will be equally important. As such, the CFO will be responsible for coordinating the ongoing modification of the vision and long-term business plan, including development of underlying strategies, tactics, and experiments, capabilities necessary to execute, and measures (which provide insight to the daily performance of the company as well as periodic feedback against longer-term goals of the company). In summary, we expect this candidate to be financially and commercially adept, assisting the Company to not just “report the news, but to help make the news” as well.

Specific responsibilities

  • Strategic – We are seeking a CFO who is capable at managing all aspects of the strategic planning process, including assisting all levels of the organization in pursuing the projects that provide the best return on capital relative to other alternatives. Accordingly, the ideal candidate will have extensive experience with financial modeling, including NPV based project analysis, leading cross-functional teams to utilize these models to inform and execute on the best and most profitable business projects and strategies. The CFO will be responsible for ensuring that risk-adjusted project returns are adequate and synchronize with the vision, strategies, and tactics contained in the company business plan. As described in the role overview above, the CFO will also be responsible for this form of longer-term business planning.
  • Operational – The leader will strike a balance between managing the day-to-day finance function while providing oversight for development of the longer-term business plan for the company. As such, the CFO will be responsible for managing and building a highly effective finance and accounting organization with specific responsibility for driving the organization’s fiscal performance. Activities include oversight of the core accounting functions, financial planning and analysis, cash management, credit and collections, quarterly and 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. To attract, retain, and develop key leaders, the CFO will be expected to provide ongoing mentoring as a cornerstone to career development. To develop and scale the company’s financial and operational infrastructure, the CFO team will be expected to automate our potentially outsource key processes and systems to achieve efficiency gains and quality improvements on a sequential basis. The CFO will also ensure relationships between departments are collaborative and constructive, supporting the development and execution of operating plans on a quarterly and annual basis.
  • Transactional – The CFO must have the financial and business acumen, including the experience, to assist and/or lead in the negotiation of key business contracts (e.g. the company’s customer base is comprised of large, global and sophisticated customers). In addition, the CFO will lead the business development/M&A function for the Company, seeking to identify, originate, negotiate, and integrate other platforms into Ibotta that integrate new capabilities or businesses the align with the company’s long-term vision and strategies for growth, to the extent such acquisitions provide appropriate risk-adjusted returns. In short, no acquisition is strategic if it does not provide a return on capital that is appropriate on a risk-adjusted basis, so effectively managing risks in this regard will also be a critical aspect of the role.
  • Balance sheet owner – the CFO will lead the efforts to develop both the short-term and long-term capital plan for the business, including evaluating current/future projects, prioritizing those projects to create long-term value, and establishing the overall financial structure to support current liquidity requirements and the need to fund long term growth (e.g., debt and equity raising as appropriate). 
  • Fiduciary - the CFO will be an excellent communicator who will ensure Ibotta’s business leaders, external partners, and board members are aligned and energized about its underlying business strategy and future value creation opportunities. The CFO will drive optimal performance through the creation of appropriate metrics/KPIs that provide a forward-looking view into trends requiring management engagement, reporting the same quarterly at Board meetings. The CFO will also serve as the primary interface to the audit committee of the Board of Directors.

Qualifications

  • Deep experience developing financial and strategic plans to maximize long-term value.
  • Experience leading finance functions or organizations where long-term growth and value creation are a priority.
  • Capital markets experience, including interaction with bankers and other third-party capital providers.
  • Previous experience as a CFO is preferred but not mandatory. The right candidate could be a strong #2 in an existing company’s finance department.
  • Previous experience bringing a company public would be an advantage, but not mandatory. While this Company may or may not stay private for an extended period, all options for raising capital when and if needed to support growth remain open.

Personal Attributes and Values.

  • Self-confident, self-driven leader who will speak up, does not succumb to group think and is comfortable embracing and/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, & can mentor others to do the same.
  • Self-aware, collaborative, and open to feedback.
  • Straightforward, no-nonsense style. Calm and level-headed under pressure.
  • 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.
  • Strong track record of achievement as evidenced by tangible accomplishments in professional, academic and community settings

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. Having paid out more than $600 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.

Ibotta is not a typical start-up company. In fact, we are not a start-up company at all. Ibotta has a significant revenue base, generated from hundreds of partner retailers and consumer product companies, and over 35mm downloads. The company generates real ebitda, real earnings, and real cash flow. We are a real company with significant prospects for future growth. As our business grows, the value we create for our customers can grow exponentially.

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.
Read Full Job Description
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Technology we use

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

Location

Currently remote - our headquarters are 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

Ibotta Benefits Overview

We invest in every employee with a competitive salary, company equity, a matched 401(k), leadership training, and more. We also offer comprehensive medical, dental, and vision coverage to full-time employees. Oh, and we also believe in a healthy work-life balance. Flexible time off, team building events, Learning & Development opportunities, and an annual dinner bonus keep us energized and focused.

At Ibotta, we care about you. That’s why we offer benefits that support your physical, emotional, and financial health. Learn more below and through our career page!

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 through individual "Volunteer Time Off", team events, and/or donations.
Friends outside of work
Eat lunch together
Intracompany committees
Building a company culture starts from the ground up at Ibotta. Some of our Culture Clubs include [email protected] Ibotta, WeBotta Diversity & Inclusion Committee, Ibotta Gives, Sports & Outdoors, and more!
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Documented equal pay policy
Unconscious bias training
Ibotta weaves unconscious bias training into individual contributor and manager sessions when applicable. Through this, our employees become more aware of unconscious biases and other barriers to DEI.
Diversity manifesto
Mean gender pay gap below 10%
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Hiring teams attend training sessions to help managers and interviewers see the impact that unconscious bias may have on the interview process and provide employees with interviewing best practices.
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Ibotta employees can contribute up to $2750 annually to their FSA.
Disability Insurance
Disability insurance is provided at Ibotta.
Dental Benefits
Ibotta offers multiple plans for employees to choose from to best fit their dental needs.
Vision Benefits
Ibotta's vision benefits plan covers a large percentage of the cost to our employees
Health Insurance Benefits
Ibotta offers multiple plans for employees to choose from to best fit their medical needs.
Life Insurance
Life insurance is equal to 1x an employee's annual salary.
Wellness Programs
As part of our 2021 Benefits, a Lifestyle Spending Account is available for employees to receive reimbursement for a variety of wellness programs they can choose from independently.
Onsite Gym
Team workouts
While in a virtual environment, we continue to provide remote workout opportunities through our Wellness Culture Club via zoom!
Mental Health Benefits
In addition to Ibotta's health care coverage, mental health services can be accessed through an Employee Assistance Program to ensure our employees receive support.
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Ibotta provides employees with a 401(k) matching plan managed by Principal. We match 100% of contributions up to 3% of an employee's annual gross pay.
Company Equity
Ibotta offers stock options to eligible, full-time employees.
Performance Bonus
In 2020, all eligible, full-time employees can participate in Ibotta's Profit Sharing program.
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
Ibotta offer's parental leave for all new parents.
Flexible Work Schedule
Ibotta provides employees with a flexible work schedule that includes core hours as well as flexible start and end times.
Remote Work Program
During COVID we are remote for the foreseeable future.
Family Medical Leave
Ibotta provides FML to all eligible employees.
Return-to-work program post parental leave
Vacation & Time Off Benefits
Generous PTO
Ibotta employees receive a minimum of 20 days per year of paid time off.
Paid Volunteer Time
Paid Holidays
Perks & Discounts
Casual Dress
We embrace a "start-up casual" dress code -jeans and a t-shirt most days - and encourage employees to wear what makes them feel comfortable. 
Commuter Benefits
Ibotta offers a commuter benefit for employees to save money by having funds deducted from their paychecks (pre-tax) to pay for business-related parking and/or commuting for work.
Company Outings
Ibotta hosts company outings throughout the year on a team-by-team basis.
Some Meals Provided
When in the office, Bagel Fridays are a staple at Ibotta. We also provide meals for certain events, including breakfast burritos at our quarterly Town Hall meetings.
Happy Hours
When in the office, a variety of beverages are provided during our bi-weekly Product Demos. We also host (often themed) additional happy hours throughout the year with snacks and drinks.
Recreational Clubs
Ibotta's "Sports + Rec" Culture Club provides a variety of leagues to participate in year-round (when in-person).
Relocation Assistance
Ibotta offers relocation assistance depending on the role.
Fitness Subsidies
New in 2021, Ibotta's Lifestyle Spending Account provides up to $150 per month for reimbursement for applicable fitness and wellness expenses.
Professional Development Benefits
Job Training & Conferences
Ibotta offers employees professional development opportunities like bi-weekly training sessions, manager bootcamp, panel events, hackathons, team training and more.
Diversity Program
Lunch and learns
Ibotta's Culture Clubs provide Lunch and Learn opportunities throughout the year on a variety of topics.
Cross functional training encouraged
Promote from within
Time allotted for learning
Ibotta encourages learning throughout the year dependent on an individual's professional goals and development.
Online course subscriptions available
Customized development tracks
Paid industry certifications
Ibotta can provide a budget for paid industry certifications based on an individual's professional goals and development.

Additional Perks + Benefits

We invest in our employees with a competitive salary, company equity, a matched 401(k), and leadership training. We also offer comprehensive medical, dental, and vision coverage to full-time employees. Oh, and we also believe in a healthy work-life balance. Flexible time off, team building events, Learning & Development opportunities, and an annual dinner bonus keep us energized and focused.

More Jobs at Ibotta50 open jobs
All Jobs
Finance
Data + Analytics
Design + UX
Dev + Engineer
Marketing
Operations
Product
Project Mgmt
Sales
Content
Sales
new
Denver
Developer
new
Denver
Developer
new
Denver
Developer
new
Denver
Developer
new
Denver
Data + Analytics
new
Denver
Developer
new
Denver
Operations
new
Denver
Data + Analytics
new
Denver
Data + Analytics
new
Denver
Operations
new
Denver
Operations
new
Denver
Developer
new
Denver
Content
new
Denver
Developer
new
Denver
Developer
new
Denver
Marketing
new
Denver
Developer
new
Denver
Design + UX
new
Denver
Product
new
Denver
Operations
new
Denver
Developer
new
Denver
Data + Analytics
new
Denver
Design + UX
new
Denver
Project Mgmt
new
Denver
Operations
new
Denver
Data + Analytics
new
Denver
Finance
new
Denver
Developer
new
Denver
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.
Save jobView Ibotta's full profileSee more Ibotta jobs