Finance Director

Somnia • Full-time • Remote (Remote) • 1d ago

About Somnia:

Web3 has created a new era of decentralized finance, democratizing 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 1,000,000 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 Somnia Foundation backed by Improbable, a British start-up that has been at the forefront of building virtual worlds for over a decade. Somnia received initial funding from MSquared, which raised $150 million in funding from a16z crypto, SoftBank, Mirana Ventures, CMT Digital, and SIG.

About the Role:

We are seeking a Finance Director to lead and scale our financial operations in a Web3 environment. This role covers forecasting and budgeting, managing both fiat and crypto treasury, ensuring compliance, and building processes that drive financial discipline as we grow. The ideal candidate brings a strong foundation in traditional finance combined with hands-on experience navigating the unique financial, accounting, and operational challenges of crypto, blockchain, and non-custodial wallets.

As Finance Director, you will work closely with the Finance team and report directly to the COO, playing a critical role in shaping financial strategy, driving operational excellence, and safeguarding company assets in a fast-moving Web3 landscape.

Key Responsibilities:

Lead company-wide financial planning & forecasting across fiat and crypto, including burn rate, runway, and scenario modeling.
Set up and manage proprietary fiat and crypto treasury capital and ensure asset diversification.
Identify financial risks and opportunities, proposing strategies for mitigation and growth.
Ensure accurate reporting of on-chain/off-chain transactions, token flows, and crypto accounting treatment.
Drive compliance with tax, regulatory, and audit requirements across multiple jurisdictions.
Provide clear financial insights and reporting to the COO, leadership team, board, and investors.
Implement and improve financial systems, tools, and internal controls to support scale.
Lead, mentor, and develop the Finance team to deliver high-quality execution.

Requirements:

8+ years in finance, accounting, or treasury, with at least 3+ years in crypto/Web3.
Proven expertise in financial modeling and forecasting, including runway and token economics.
In-depth knowledge of treasury management and asset diversification strategies.
Strong understanding of GAAP/IFRS standards and crypto-specific accounting practices.
Familiarity with cross-border tax, regulatory, and compliance requirements for crypto assets.
Demonstrated ability to design and enforce financial processes, policies, and risk controls.
Excellent communication skills with the ability to present complex financials to non-finance stakeholders.
Leadership experience managing finance teams and collaborating cross-functionally.

Why Join Somnia?

Join Somnia to work remotely with a global team, earn competitive compensation with token incentives, and help build the future of Web3 at a company where your impact truly matters.

Role Location

The role is remote, but we are looking for someone based in Europe or Asia (preferably).

Reporting Lines

This role reports to COO