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Web3 has created a new era of decentralised finance, democratising financial access. However, it has fallen short in generating mass consumer applications and remains largely centered around finance. We believe blockchain technology is a cornerstone for the future of new, open Internet applications.
Today, there are limits to what you can build on-chain. Many factors constrain this, from the cost of running applications to the fundamental performance limitations of existing blockchains. We believe that new technologies can unlock a new class of real-time applications that normally must be built on Web2 foundations. Enabling these systems to be built on-chain will allow the free movement of businesses and users between online platforms, creating what we call a true virtual society.
We are building Somnia, a fast and cost-effective EVM-based blockchain, to achieve this. Somnia is a layer-one blockchain with full EVM compatibility, capable of processing over 400,000 transactions per second with sub-second latency and low fees. This will unlock a new wave of on-chain applications. Initially, we are focusing on gaming, metaverse, and social experiences. But we are not even 100% certain of what can be built with the technology we are creating.
Somnia is being developed by Virtual Society Foundation, an independent organisation initiated by Improbable, a British start-up that has been at the forefront of building virtual worlds for over a decade. VSF received initial funding from MSquared, which raised $150 million in funding from a16z crypto, SoftBank, Mirana Ventures, CMT Digital, and SIG.
We are seeking an experienced and strategic Finance Manager to oversee the financial operations of our company. The ideal candidate will ensure efficient financial management, maintain operational excellence, and contribute to the organization’s long-term sustainability.
Job Responsibilities:Develop and optimize the financial operations infrastructure of the company.
Set up and manage proprietary fiat and crypto treasury capital and ensure asset diversification.
Process fiat and crypto invoices, payments, and reimbursements promptly and accurately.
Determine financial requirements for operations, including working capital, cash flow, and budget allocations for various departments.
Manage and monitor departmental budgets, analyze performance, and implement corrective actions as necessary.
Conduct financial analyses, including estimating startup costs, operational expenses, and revenue projections.
Prepare corporate and management financial statements to meet reporting requirements.
Maintain and update the finance department’s SOPs to reflect current practices and compliance requirements.
Collaborate with cross-functional teams to ensure financial alignment and support organizational goals.
Identify financial risks and opportunities, proposing strategies for mitigation and growth.
Bachelor’s degree in Finance, Accounting, Economics, or a related field; advanced degree or CPA/CFA certification preferred.
Minimum of 5 years of experience in financial management, preferably in a foundation or startup environment.
Strong expertise in financial modeling, budgeting, and reporting tools.
In-depth knowledge of treasury management and asset diversification strategies.
Exceptional analytical and decision-making skills, with a proactive problem-solving approach.
Excellent communication skills and the ability to work effectively with cross-functional teams.
Proven ability to develop and maintain financial SOPs and ensure compliance with relevant regulations.
Preferable experience in crypto payments.
The role is remote, but strong preference for talent based in Europe or Asia.
This role will report to the Head of Operations.
