Sr. Manager, Venmo FP&A

The Company

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. 

We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.

We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards.  Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade. 

Our beliefs are the foundation for how we conduct business every day.  We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.

Job Description Summary:

About the Role
The Venmo FP&A role resides within the Consumer FP&A team and acts as a key partner for the Venmo Business Unit. The candidate will lead financial planning and reporting processes for key Venmo Products. The role involves working closely with the P&L owners within the Venmo organization in managing their Portfolio including Annual Budget process, ongoing forecast and monitoring performance. The candidate will be a key member of the Venmo FP&A team working with a cross functional team of stakeholders across Product, Engineering, Finance, Analytics and Risk

Job Description:

We are looking for a strong finance / FP&A professional to join the Venmo FP&A team within PayPal. You will own the budgeting and forecasting process for key products within the Venmo umbrella. You will partner closely with the product leads to help manage both top line revenue growth and Margin.

• Own financial planning, reporting and performance monitoring of key Venmo Products

• Manage key FP&A processes, including budgeting, forecasting, R&Os, monthly close, performance reporting, and others.

• Review and communicate performance against defined targets. Regularly perform variance and sensitivity analyses on (weekly/monthly) on revenue and margin

• Drive conversations with cross functional partners across Product, Engineering, Analytics, Risk and other Finance teams

• Support and drive the planning of investment decisioning.

• Develop, optimize, and standardize FP&A processes, including coordination of automation opportunities and sharing of best practices.

• Synthesize and communicate the financial narrative in periodic reviews with the Business unit

• Demonstrate exceptional communication skills, both written and verbal

• Develop a deep understanding of Venmo business. Identify key business levers, establish cause & effect, perform analyses and communicate key findings to various stakeholders across the organization to facilitate data-driven decision-making

Qualifications

• 8+ years of professional related experience preferably in Fintech or payments processing businesses.

• Bachelor’s degree or equivalent required; MBA/Master’s degree or higher in a quantitative field a bonus

• Demonstrated experience in reporting and finance processes in matrixed environments

• Advanced Proficiency with MS Office specifically with Excel and PowerPoint

• Detail-oriented, highly analytical individual who strives for excellence and wants to be part of a great team.

• Able to challenge the status quo and act as a catalyst within the organization.

• Highly comfortable with fast turnaround times

• Communication skills: experience distilling complex financial analyses and preparing powerful presentations with a crisp and clear storyline. Ability to communicate key details to stakeholders and leaders succinctly.

Subsidiary:

PayPal

Travel Percent:

0

-

PayPal is committed to fair and equitable compensation practices.

Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.

The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.

The U.S. national annual pay range for this role is

$99300 to $216040

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com.

Who We Are:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion 

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law.  In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities.  If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at talentaccommodations@paypal.com.

Belonging at PayPal: 

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.

Notice to Applicants and Employees who reside within New York City. Click here to view the notice.