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Finance & Operations Director

4 months ago

New York, New York, United States Novig Full time

Finance & Operations Manager/Director

$110k – $140k
• 0.15% – 0.30%

Summary:

  • The first peer-to-peer sports prediction market, recently closed a $6m seed round from YC, Lux, Soma, Paul Graham, Joe Montana, Innospark, the founders of Instacart and Dropbox, and many other top angels and funds
  • Looking for a Finance & Operations Manager or Director to report to work out of our NY office (4 days/week on-site)
  • Salaries at the top of benchmarks, with significant equity ownership and generous benefits
  • Founders are recent Harvard grads with quant experience at Jane Street and BoA and years of experience as sharp sports bettors
  • $300B annually bet on sports in the US and the size of the market is rapidly growing, particularly given the opportunity for operators to capitalize on the sweepstakes business model
  • Currently the only way to bet is with retail sportsbooks which have egregious margins, discriminatory and inefficient practices, and a stale betting experience
  • Novig is a sports prediction market that guarantees users the best lines by allowing them to play directly against friends or the market, rather than against the house, making the wagering experience more efficient, fair, and, most importantly, profitable

What will you do?

As a Finance/Operations Manager, you will be responsible for overseeing and optimizing financial and operational activities to support Novig's growth and success. With Novig being a startup, you will wear many hats:

  • Payment Operations: Manage and oversee the payment operations of our platform.
  • Accounting/FP&A: Manage financial planning and analysis, including ensuring accurate financial reporting.
  • Modeling and Projections: Develop financial models and projections for investors to support fundraising and strategic planning.
  • Promotion Management: Work closely with the marketing team to develop and implement promotional strategies.
  • Customer Support: Provide proactive and reactive customer support to ensure a positive user experience.
  • Data Analytics: Utilize data analytics to inform business decisions and optimize operational efficiency.

What are we looking for?

We value candidates with expressed interest in sports and markets, who have demonstrated excellence in financial and operational roles. You are someone who is passionate about optimizing business processes and driving strategic financial decisions:

Requirements:

  • Education: Bachelor's or Master's degree in Finance, Business Administration, or a related field.
  • Experience: Minimum of 3-5 years in finance or operations roles, preferably in investment banking, management consulting, or tech startups.
  • Skills: Strong analytical, problem-solving, and communication skills. Proficiency in financial modeling, forecasting, and data analysis.
  • Attributes: A strategic thinker with a keen eye for detail and a passion for operational excellence. Ability to work independently and in a team environment.

Who is Novig?

At Novig, we have reimagined the sports betting landscape by building a sweepstakes-based sports prediction market. Our innovative platform allows users to engage in sports predictions without traditional gambling constraints. By leveraging the sweepstakes model, we ensure compliance with regulatory requirements while providing a unique, engaging, and profitable experience for our users. Our goal is to make sports prediction more accessible, fair, and enjoyable.

Novig's founders, Jacob and Kelechi, are recent Harvard grads with experience at Jane St & BoA who started Novig with the belief that a commission-free P2P exchange model will replace the exploitative and unprofitable betting model of traditional sportsbooks. They themselves were sophisticated sports bettors who grew increasingly frustrated by the latency, discriminatory practices, monotony, and non-profitability of the retail sports betting experience.

As the regulatory landscape evolves in the United States, Novig is positioned to become a leading innovator with our unique focus on research and technology.

How does Novig approach compensation?

We are big believers in providing excellent compensation to everyone on the team as we build.

  • We offer salaries at the top of the benchmarks you'd find for senior roles at big name companies
  • We provide equity to all employees regardless of role. We are looking for people who can grow with us as we scale our team and product, and we think it's important for all employees, especially our first few teammates, to have significant equity in the company so you have skin in the game and our incentives are aligned.

What benefits does Novig offer?

We are embarking on an ambitious journey and are committed to providing generous benefits, even at this early stage.

  • Robust health, dental, and vision plans, covering 100% of health premiums and 90% of dental and vision premiums
  • Generous 401(k) plan, matching up to 4% of base salary
  • Health Savings Account (HSA) with $1,080 annual company contributions
  • $24/day food or commuter stipend when working in our new office
  • Access to Gympass for fitness benefits