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Immediate Cash Flow Solutions for Farmers

Controller for Series B funded Fintech/Agtech startup ($150k package) (CPA required) (no previous controller experience required)

$130k – $150k • 0.05% – 0.1%
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Company: ProducePay, Inc.

Position: Controller (blended role Finance and Accounting)

Location: Downtown LA

Salary: $130K + 20k bonus with 0.10% of equity stock options

Reports to: President/CFO

As a company built around the value of advancing cash flow for our customers the accounting department is not only a finance function but really the core on which the business relies to operate. This will not be your typical accounting job. You will be a key part of our product and operations.

As Produce Pay’s Controller you will be an integral part of our finance team working alongside the CFO to build out the accounting and finance team. In essence, you will be creating the structure for the future of Produce Pay. This position is ideal for someone who is ambitious, hardworking, enjoys problem-solving, and who isn’t afraid to roll up his/her sleeves and get into the details. Most importantly, you will see your insights have an immediate, tangible impact every day in a well-funded and rapidly growing company.

Company Description:
Produce Pay is helping farmers feed the world by solving an industry-wide shortage in working capital. We are revolutionizing financing solutions by providing farmers, who grow fresh fruits and vegetables, with immediate access to liquidity for enhanced cash flow. This innovative financing solution securitizes a new asset class (perishable farm products) providing superior risk adjusted returns to investors. $55 billion of produce is purchased in the US alone every year. This is a massive market with no competition for this type of funding.

We straddle the line between FinTech startup and Hedge Fund. With $100M raised we are backed by venture capital firms ANterra Capital (alrgest Agtech FVC in the worlds), Rabo Bank (largest Food & Agriculture bank in the world), Coventure, Arena Ventures, Social Leverage, Menlo Ventures, Moon Shots Capital and raised the single largest check on Angel List from an angel investor. We are located in the financial district in downtown Los Angeles. The company is currently focused on our financing product but also working on developing other innovative technology and financial solutions for agriculture producers.

Video overview - youtube.com/watch?v=Hhl1B6KrIZU

Team: 1 Staff Accountant, plus working with the finance underwriting team

JOB DESCRIPTION
• Lead the company's accounting team - including improving the month end close process
• Review and update accounting policies for complex issues such as revenue recognition, internally generated software, and stock-based compensation expense
• Act as the main point of contact with the company's external auditor, including writing accounting memos
• Work directly with the CFO to produce accurate and timely financial statements monthly
• Own the process of obtaining the company's 409A valuation and ensuring compliance with all legal issues surrounding the grant of employee stock options
• Manage the company’s capitalization table - including preferred stock, warrants, convertible notes, and stock options
• Prepare annual corporation filings with each state in which the Company is authorized to conduct business
• Assist CFO with equity and debt fundraising, as needed
• Work with external tax accounting firm to ensure the Company’s tax return is completed accurately and timely
• Participate in the underwriting process - analyze financial statements of prospective and existing clients
• Manage debt facilities - including reporting, and compliance with covenants
• Report various KPIs to the board and investors - including cash burn and budget vs. actual


EXPERIENCE AND SKILLS
Preferences
• CPA (Must Have)
• Lending or Customer Financing Experience (Must Have)
• Bachelor’s degree in Accounting
• 5-8 years of relevant work experience; Big 4 preferred, national firm ok
• Extremely detail oriented; critical thinker
• Goal-driven, focused, independent worker, and “can-do” attitude
• Proficiency in QuickBooks and Excel
• Excellent verbal and written communication skills

Preferences
• Prior startup experience
• Produce industry experience preferred
• Previous Supervisory or Management experience

BENEFITS
• Competitive base pay of $110K - $40K plus performance bonus
• Stock options
• Free medical insurance
• Dental, vision, and more
• 401k - company automatically contributes 3%
• Team building activities (paintball, bowling, and more)
• Friday lunches
• Office snacks
• Arcade games in the office
• $1,000 off a new home purchase when working with Open Listings

Meet your team

People you would work with in this role

Ben Dusastre

Avatar for Ben Dusastre
Experienced startup CFO. Previously head of family office for multi billionaire family and worked for investment bank Credit Suisse prior. UCLA MBA

Pablo Borquez Schwarzbeck

Avatar for Pablo Borquez Schwarzbeck
Founder @producepay • Studied at @Cornell University Johnson School Of Management

Free medical insurance

Company Meals

Commuter

Company Events

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