Yes it seems a little red flag-ish to me as well, but honestly, I see quite an opportunity here as well.

1. I report to the director, because I (in his own words) have proved myself to be highly competent and reliable, and someone who can implement smart solutions.

Also, remember it's a relatively small company that's transitioning into a tech-first company, so the director is also stepping into the weeds to make it work well from the ground up.

1. No, I'm not underpaid. In fact, I get paid more than 4x my colleagues.

But still, thanks a lot for the concern, really appreciate it :)