Polygon Labs is hiring a
Web3 Head of Finance & Operations

Compensation: $75k - $110k *

Location: Remote

Head of Finance & Operations

Remote /
Business Development / Partnership – Polygon Ventures /
/ Remote

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What is Polygon Labs?

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 225 million, over 1.2 million smart contracts created and 2.56 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.

Job Summary

We are seeking an experienced and dynamic Head of Finance and Operations to join our team. This unique hybrid role requires a strategic thinker who can seamlessly navigate the complex financial landscape of venture capital while also overseeing the operational aspects of our firm. The successful candidate will play a pivotal role in managing our financial resources, optimizing operational efficiency, and ensuring compliance within the Web3 venture capital sector.

Key Job Responsibilities

Compliance and Reporting:

    • Ensure compliance with regulatory requirements relevant to investments.
    • Prepare accurate and timely financial reports, including investor reporting and fund performance updates.
    • Manage audits, tax filings, and other financial compliance matters.

Investment diligence:

    • Work with the fund’s council to analyze investment documents and ensure the terms are aligned with the fund’s interests.
    • Evaluate investment opportunities, including deal structuring and negotiation.
    • Collaborate with the investment team to make informed investment decisions.

Operational Efficiency:

    • Implement and streamline operational processes to enhance efficiency and scalability.
    • Oversee fund administration, including fund accounting, fund operations, and investor relations.
    • Identify opportunities for cost optimization and operational improvements.
    • Work with legal counsel to manage legal and contractual aspects of investments.

Fund Accounting and Administration:

    • Set up and maintain accounts for the fund, ensuring accurate and transparent financial records.
    • Manage all accounting entries and financial transactions for the entire fund, including portfolio investments and expenses.

Investment Lifecycle Management:

    • Oversee the entire life cycle of funding investments, from initial due diligence through to exit strategies.
    • Coordinate and manage capital calls to secure funding for investments.

Tax Compliance:

    • Prepare and file taxes.
    • Ensure compliance with tax regulations specific to venture capital and web3 investments.

Limited Partner (LP) Distributions:

    • Manage and facilitate LP distributions ensuring timely and accurate payments to investors.
    • Handle distributions from existing portfolio companies to LPs.

Fund Profit and Loss (P&L):

    • Maintain and manage the fund's Profit and Loss statement, tracking revenues, expenses, and overall financial performance.
    • Provide regular P&L reports to stakeholders and investors.

Payroll and Benefits:

    • Establish payroll systems and benefits programs for employees in different regions, ensuring compliance with local regulations.
    • Manage payroll processing, including taxes, deductions, and benefits administration.

Fee Collection and Capital Calls:

    • Collect management fees and capital calls from Limited Partners in a timely and organized manner.
    • Maintain clear records of fee collection and capital contributions.

Audit Support:

    • Provide support during the audit process, ensuring all financial records and transactions are well-documented and in compliance with audit requirements.
    • Coordinate with auditors and ensure a smooth audit process.

What you’ll need- Preferred Qualifications

    • If you are a strategic financial leader with a passion for Web3 and venture capital, and you are ready to take on a multifaceted role in a dynamic industry, we encourage you to apply for this exciting opportunity. 
    • Proven experience in venture capital, private equity, or investment management. Web3 experience preferred.
    • Strong financial acumen and expertise in financial analysis, modeling, and reporting.
    • Familiarity with regulatory compliance requirements in Web3 and venture capital sectors.
    • Excellent communication and interpersonal skills.
    • Ability to work in a fast-paced, dynamic environment.
Polygon Labs Perks

The goal of the Polygon Labs total rewards program is to support the health and well-being of you and your family. Our comprehensive compensation plan includes, the following benefits:

Remote first global workforce
Industry leading Medical, Dental and Vision health insurance fully covered for each employee*
Company matching 401k with 6% match*
$1,500 Home Office Set Up Allowance (life-time max)
$2,000 Annual Employee Development Program
$200 Annual Book Allowance Program 
Internet or phone reimbursement
Generous & flexible PTO and country-specific holidays
1 company wide wellness Friday day off per quarter
Company issued laptop
Employee Assistance Programs

*In certain countries medical, dental and vision is fully covered for any dependents. This is country and plan specific.
*401k is for United States Employees only

Polygon Labs is committed to a diverse and inclusive workplace and is an equal opportunity employer. We do not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. Polygon Labs is committed to treating all people in a way that allows them to maintain their dignity and independence. We believe in integration and equal opportunity. Accommodations are available throughout the recruitment process and applicants with a disability may request to be accommodated throughout the recruitment process. We will work with all applicants to accommodate their individual accessibility needs.

If you think you have what it takes, but don't necessarily meet every single point on the job description, please still get in touch. We'd love to have a chat and see if you could be a great fit.

Learn More about Polygon Labs

Website | Twitter | Developer Twitter | Telegram | Reddit | Discord | Instagram | Facebook | LinkedIn

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Compensation: $75k - $110k *

Location: Remote

This job is closed

Benefits: Pto, 401k, Medical Insurance

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