Head of Treasury Operations, Mighty Buildings
Office located in Oakland, CA
3D printing for the construction industry
Job no longer available
3D printing for the construction industry
101-200 employees
Job no longer available
Office located in Oakland, CA
101-200 employees
Company mission
To help solve the housing and climate crises by transforming the way the world builds homes.
Role
Who you are
- Solid experience in Treasury Operations and/ or treasury related FP&A
- Experience in developing and implementing treasury structures and policies
- Advanced proficiency with Excel and/or Google Sheets
- Good working knowledge of financial transactions and corporate financing techniques; some experience in real estate financing can be a plus, but is not required
- Demonstrated ability to identify, quantify and manage financial instruments and market risks as well as counterparty risks
- Strong financial modeling and forecasting skills, including cash flow forecasting
- Solid understanding of accounting principles and financial statement impact of treasury transactions
- Proficiency with ERPs, treasury systems, financial reporting tools, banking platforms, and other applicable software tools
- Effective communication, with an ability to lead and influence direction with those outside immediate reporting control
- Comfortable balancing operational duties with longer-term projects and goals, and working under pressure in an often-dynamic environment
- Bachelor's degree in Finance or related field required
- CTP, CPA, CFA, or MBA
- 7-10 years work experience, of which ~5 years of progressive experience in Treasury
- Experience in global capital markets, including foreign exchange risk management, capital structure, and treasury operations
What the job involves
- Treasury Strategy: Proposing, aligning and implementing the most effective strategies for the management of liquidity across MB Inc., the parent company headquartered in the U.S., and its subsidiaries and project companies worldwide (together “MB Group” or the “Company”), jointly with the CFO/ Group Treasurer
- Cash Forecasting: together with our FP&A team, lead the company’s cash flow forecasting and optimization efforts, with the objective of improving forecast accuracy and predictive capabilities
- Assist the FP&A team with the further refinement and maintenance of the Company’s long term financial model
- Operational Treasury Management & Investments: Day-to-day management of liquidity across MB Group and ensuring that the Company’s liquidity needs are met at all times, debt is optimized and maintained, and FX exposures are properly hedged
- Lead working capital optimization initiatives across the company and optimize returns on cash position, in accordance with investments policy. Administration of Company’s credit and debit card products
- Bank & Lender Relationship Management: Day-to-day management of bank and lender relations across the group. Planning and monitoring of covenant compliance
- Planning and monitoring of exposure risks, within company’s risk policies
- Financing: Support CFO and Investor Relations in the execution of transactions for equity and debt financing, including potential future capital markets transactions (IPO or bond issuances)
- Treasury Risk Management: Developing and implementing a system for the assessment of treasury risks, determination of risk boundaries, and setting of appropriate levels of internal controls, on the basis of a treasury and payments policy
- Internal Controls: Propose the company’s treasury governance strategy and ensure that an appropriate level of governance exists in all activities related to treasury/payments; develop and maintain policies and procedures related to treasury functions. Ensure compliance with treasury-related SOX controls and requirements
Our take
The US housing crisis continues, with extensive build times and limited resources leading to a substantial shortfall in family homes - and a worrying increase in environmental impact, thanks to unsustainable building methods. Mighty Buildings thinks the answer lies with 3D printing.
It seems to be correct, too. Mighty Buildings creates 3D-printed homes reportedly twice as fast, with 95% fewer labor hours, and an order of magnitude less waste than conventional construction methods. This remedies two of the major issues that are hobbling the provision of homes - and low-waste and sustainable practices are likely to be similarly important in future.
With the first Mighty Buildings being put on the market in 2021, time will tell how effective this new technology is at producing long-standing accommodation. This, however, is a broader issue that competitors of Mighty Buildings also face. With companies like ICON bringing their first homes to market around the same time, Mighty Buildings is part of a pioneering group of startups that could stand to make important (and lucrative) progress in future.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
6% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Sep 2023
$52m
LATE VC
Jul 2021
$22m
LATE VC
Total funding: $161.7m
Company benefits
- Comprehensive health plan
- Dental plan
- Career development
- 15 days of PTO
- 401(k) Retirement plan
- 18 days of paid holiday time
Company HQ
Coliseum Industrial, Oakland, CA
Leadership
Vyacheslav Solonitsyn
(Co-Founder)Has held various senior-level positions, including CIO of the Skolkovo Foundation, CEO of Startup Roulette, CMO/CSO of Touchjet, and managing partner of HaxAsia and Enchant VC. Co-founder and CEO of Intently.
Sam Ruben
(Co-Founder)Has spent over a decade working on environmental and sustainability issues. First as the President's Executive Assistant at the United Religions Initiative, then as a Climate Corps fellow, then at CBS Radio, subsequently as COO of Kreativz, and finally in various consulting roles.
Dmitry Starodubtsev
(Co-Founder & CTO)Previously CEO of Medical Electronics, then 3D pen company CreoPop. Also served as a Board Member for the kinetic sand company Lepa Sand. Has developed over 50 new products, including 3 patents in 3D printing.
Alexey Dubov
(Co-Founder & CIO)A serial entrepreneur, whose previous projects include health-friendly light bulb company SVET Labs, home automation business Tradematic, and smart clock company GlanceTech.
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