Head of Finance
Open
Accounting & Finance
Los Angeles, CA, USA
Posted on Jan 31, 2025
About Open
Be Present, together.
Our mission is two simple words. Open is a modern studio designing a new way to practice wellbeing. We combine our hybrid methodology with a social and engaging platform to make mindfulness achievable for all. We engage the senses with music, sound, breath, and movement to create inspiring and meaningful shared experiences on and offline. We are design oriented, inspired by art, and promote the power of the direct experience. We envision a world where everyone, everywhere, Opens everyday.
Based in Venice, our team is committed to creating a driven and diverse company with ambitious people from a wide range of backgrounds. We are looking for people with a strong sense for exceptional products, a keen eye for detail, and an aptitude for learning new technologies. Most importantly, we’re looking for people who are enthusiastic about working with a dynamic group of people to build the future of wellness.
We're currently focused on streaming immersive classes through our digital platform from our studios in San Francisco and Venice to a growing global audience. Open is supported by Founders Fund (Keith Rabois), Susa, LVMH (Miyuki Matsumoto), Coatue (Arielle Zuckerberg), Slow, SV Angel, Maveron, Jack Dorsey, Adrian Aoun, Ben Rubin (Houseparty), and more.
Role Description
We are seeking an experienced and passionate finance professional to join our team. The Head of Finance will be a strategic partner to the leadership team, driving financial planning, analysis, and decision support across the business. You will be responsible for managing the financial forecasting process, budgeting, and performance analysis for both our digital subscription platform and physical studio operations. Additionally, you will play a key role in supporting the company's fundraising efforts, ensuring investors have accurate, timely, and comprehensive financial data. This position requires a strong combination of analytical expertise, financial modeling, strategic foresight, and excellent communication skills.
What You'll Do
Financial Planning & Forecasting
- Develop and maintain dynamic financial models to forecast revenue, operating expenses, and cash flow for both the digital subscription business and brick-and-mortar studios
- Lead the annual budgeting process and monthly/quarterly forecasting cycles
- Partner with pod leaders (marketing, product, operations, etc.) to understand key drivers and budget requirements and incorporate them into forecasts
- Provide timely and actionable insights to company leadership to facilitate quick decision making
Business Performance Analysis
- Facilitate weekly business reviews to track and report on key financial and operational KPIs for both business segments (digital subscription and brick-and-mortar), as well as the overall financial performance of the business
- Perform detailed financial analysis to evaluate profitability, customer acquisition, retention, and lifetime value (LTV) of digital and physical customersAnalyze cost structures and suggest ways to improve efficiency and profitability
Cross-Functional Collaboration
- Work closely with the leadership team to assess the financial implications of strategic decisions, such as new market expansion, product development, pricing strategies, and capital expenditures
- Collaborate with pod leaders to align financial goals with day-to-day business activities, ensuring resource allocation aligns with growth objectives
What you'll bring
- Bachelor’s degree in Finance, Accounting, Economics, or a related field; MBA, CPA or CFA is a plus
- 6-8 years of experience in FP&A, finance, or business strategy, with at least 3 years in a senior FP&A role at a startup or high-growth company
- Strong experience in financial modeling, forecasting, and budgeting, particularly in subscription-based and/or brick-and-mortar businesses
- Advanced proficiency with financial software/tools (e.g. Excel, Google Sheets, Quickbooks) and business intelligence platforms
- Ability to thrive in a fast-paced, dynamic environment with changing priorities
- Strong communication, collaboration, and interpersonal skills, with a solution-oriented mindset
BENEFITS
Healthcare (health, dental, vision) Flexible PTOAccess to all Open classes (in person & virtually) Autonomy, Ownership, Equity