Head of Finance, Waabi
$221-297k
+ Equity and bonus
AI-powered self-driving technology
Job no longer available
AI-powered self-driving technology
201-500 employees
Job no longer available
$221-297k
+ Equity and bonus
201-500 employees
Company mission
To bring commercially viable self-driving technology to society.
Role
Who you are
- Bachelor degree or higher in Finance, Accounting, Business Management, or equivalent; MBA, CFA, and/or CPA certification preferred
- 15+ years of progressive experience in senior finance leadership positions, collaborating closely with executives
- 10+ years of finance leadership experience preferably within the technology industry in the US or Canada
- Comprehensive understanding of financial management, analysis, tools and reporting methodologies
- Strong expertise in financial regulations, accounting principles, and taxation
- Experience in developing internal controls and financial processes
- Demonstrated strategic thinking, problem-solving, and decision-making abilities
- Exceptional written and verbal communication skills, with attention to detail
- Experience and excitement in supporting a dynamic, high-growth environment
- Adherence to high ethical standards and integrity
What the job involves
- The Head of Finance is responsible for leading the financial planning, management, and reporting functions of the organization
- This role involves providing strategic financial guidance to senior management, ensuring the company's financial health and compliance, and optimizing financial performance to support business objectives
- This role will oversee and build FP&A, accounting and treasury teams
- The Head of Finance will partner closely with leaders across the company to help shape strategies and priorities across the company
- This person will lead, grow, and inspire a team of seasoned finance professionals, while working across the broader team to enable and deliver Waabi’s strategic and financial goals
- Responsibilities will include all facets of strategic planning, forecasting and corporate planning, short-term forecasting, long term planning, cash flow, capital allocation, while driving thought leadership and best practices
- Budgeting and Forecasting:
- Comprehensive budget preparation and oversight, involving the development of annual operating budgets, forecasts, and financial plans
- Regularly collaborate with leadership, working together to monitor and adjust budgets as needed to protect cash flow
- Financial Reporting:
- Produce accurate and timely financial reports, including income statements, balance sheets, and cash flow statements
- Monitor and report on financial performance against budget and make necessary adjustments
- Present financial results to the executive team and board of directors. Manage month end close and generate monthly financial statements
- Cash Management:
- Manage cash flow, investments, and banking relationships. Optimize working capital and minimize financial costs
- Perform daily, weekly, and monthly cash flow projections and reconciliations
- Long term financing planning:
- Work closely with the leadership on pro-forma modeling, planning, investor communications and fundraising activities
- Compliance:
- Ensure compliance with all relevant financial regulations, accounting standards, and tax requirements
- Stay current with industry best practices
- Risk Management:
- Identify and mitigate financial risks. Implement effective internal controls to safeguard the company's assets
- Financial Analysis:
- Conduct in-depth financial analysis to support decision-making
- Evaluate investment opportunities, pricing strategies, and cost-saving initiatives
- Financial Systems:
- Develop, enhance, and refine financial systems and procedures; aligning them with industry best practices while tailoring them to the company's distinct requirements
- Team Leadership:
- Lead by example in developing, motivating, recruiting, and retaining a highly effective finance team
- Inspire change and collaboration among a diverse and distributed team
- Encourage sharing of best practices and insights across all members of the team
Our take
Autonomous vehicle technology is rapidly developing and many sectors are recognizing its value. However, whilst the self-driving industry has made significant advancements there is much more that can be done. There are challenges in this space surrounding scale and developing commercially viable self-driving technology.
Waabi hopes to tackle these challenges and be the leader in self-driving technology with their "AI first approach". The company said that combined with a closed-loop simulator, this approach will allow both common driving scenarios and safety-critical edge cases to be tested at scale - solving one of the key issues in the industry.
Waabi has a growing partnership with Volvo too, with is a major boost for its future. The two companies have co-developed a new Volvo VNL Autonomous truck that pairs VOlvo's purpose-built autonomy platform with Waabi's end-to-end AI driving system, sensors, and compute. Volvo has also backed Waabi financially through its venture arm, giving Waabi both manufacturing support and long-term investment. Toget, erhjtis puts Waabi in a position to scale and move towards fully driverless trucking quicker.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
81% employee growth in 12 months
Company
Funding (2 rounds)
Jun 2024
$200m
SERIES B
Jun 2021
$71.3m
SERIES A
Total funding: $271.3m
Leadership
Raquel Urtasun
(Founder & CEO)Previously worked at Uber as Chief Scientist, Head of Uber ATG R&D. Is also a professor at the University of Toronto.
Salary benchmarks
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