Finance Manager, Veir
Financial Planning & Accounting
Office located in Woburn, MA
Superconducting power line solutions
Open for applications
Superconducting power line solutions
21-100 employees
Open for applications
Office located in Woburn, MA
21-100 employees
Company mission
To rapidly accelerate the growth in electric transmission capacity necessary for global decarbonisation and grid resilience.
Role
Who you are
- VEIR is seeking a passionate and experienced Finance Manager to join our growing team and play a pivotal role in our financial success
- The ideal candidate brings a strong background in financial modeling and is ready to step into an influential role interfacing with senior leaders and investors as VEIR prepares to raise Series B funding
- Skilled in financial modeling and financial analysis
- Highly motivated, energetic, mature, and detail-oriented with a positive approach to problem solving
- Able to thrive in an entrepreneurial, start-up environment
- A pro-active learner with a hunger for knowledge
- Able to understand the strategic vision and anticipate business and finance needs accordingly
- Naturally curious and inquisitive with the ability to break down complex issues
- Able to effectively multi-task projects with competing priorities; make decisions under pressure and work under tight deadlines
- Committed to VEIR’s mission, goals, and core values
- Bachelor's degree in Finance or Accounting; MBA or CPA a plus
- At least 4+ years of experience in financial analysis
- Demonstrated excellence in financial modeling, ideally in investment banking or private equity
What the job involves
- This position offers the opportunity to be at the forefront of a burgeoning industry, build robust financial systems, and directly impact the company's trajectory
- This is an exciting opportunity with a lot of growth potential at a dynamic startup driving global decarbonatization and grid resilience
- Report directly to the CFO
- Provide Financial Oversight: 1) Manage month-end close process, review financial statements, and analyze financial performance against budget and projections
- 2)Develop and maintain strong relationships with external auditors and other financial service providers
- 3)Support compliance with government or project level grants
- 4)Oversee the work of the bookkeeping team, ensuring accurate and timely recording of all financial transactions
- Budget and Forecasting: 1) Manage the budgeting and forecasting process, including building and maintaining the company financial model
- 2) Prepare detailed operational and capital expenditure budgets aligned with business strategy
- 3) Develop accurate and insightful financial forecasts for various scenarios, providing valuable insights to the leadership team
- 4) Create and present key financial dashboards to the CEO and Board, clearly communicating financial performance and trends
- Fundraising: 1) Partner with the CEO and other executives to prepare financial materials and presentations for fundraising efforts
- 2) Analyze and communicate company financials to CEO, management, and Board of Directors
- 3) Support due diligence processes during fundraising rounds, providing necessary information and documentation
- 4) Remain updated on industry trends and financial markets to inform strategic financial decisions
- 5) Provide strategic support to key business initiatives and investment
- 3 months: You will own and operate the company financial model and play an active role in supporting the Series B fundraising process
- 12 months: After acquiring the necessary skills, you will have set up processes for monthly and quarterly financial reporting and be prepared to oversee the annual budgeting process
Our take
Our extensive use of technology in everyday life has created strain on the power grid and the climate. Veir offers a solution that adds capacity to our electric grid with limited harm to the environment, by building novel superconducting power lines.
Veir’s transmission lines use High Temperature Superconductor (HTS)-based technology to reach clean energy goals, whilst simultaneously transmitting 5-10x more power than conventional power lines, that aren’t able to keep up with growing energy demands.
Energy transmission expansion is something many companies are trying to tackle, but Veir’s creation of the first overhead superconductor technology with a cooling speciality places it as a strong contender in the market. Several rounds of funding have allowed the company to develop the product to where it is today and also attract a strong customer base.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 4 rounds)
May 2023
$24.9m
SERIES A
Mar 2021
$10m
SERIES A
Total funding: $37.8m
Company values
- Safety - We maintain constant vigilance and awareness that we work in a safety-critical industry. We do not cut corners and are always focused on ensuring the safety of everyone who encounters both our facilities and our products, including our employees, contractors, partners, customers, and the public
- Accountability - We build trust through keeping promises both internally and externally while continuously holding everyone on our team accountable. We are constantly aware of the fact that meeting our ultimate objectives will rely on everyone pulling together and following through on the commitments that we make
- Collaboration - We seek to ensure that our accomplishments are always greater than the sum of our individual contributions. We know long term success will require interdisciplinary partnerships both within our organization and with numerous external collaborators, including partners, regulators, and customers. We seek to build strong relationships where everyone wins
- Fun and Family - The gravity of our mission must not preclude us from enjoying ourselves along the way. We acknowledge that success will not come overnight. We are focused on ensuring the health and happiness of our entire team and their families and continuously strive to ensure that we all enjoy the adventure for which we have signed up
Company HQ
Woburn, MA
Articles
Leadership
Tim Heidel
(CEO)Consultant and Advisor at Breakthrough Energy. Was Deputy Chief Scientist at NRECA and Program Director at the Advanced Research Projects Agency–Energy (ARPA-E).
Salary benchmarks
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