Senior Finance Manager, Graphcore
$159-215k
+ Phantom Equity
2+ days a week in office
Advanced AI systems and services
Job no longer available
Advanced AI systems and services
501-1000 employees
Job no longer available
$159-215k
+ Phantom Equity
2+ days a week in office
501-1000 employees
Company mission
To make machine learning faster, easier and more intelligent.
Role
Who you are
- Qualified Accountant with 8+ years of prior experience ideally working in a similar role in a scaling engineering / technology environment
- Experienced in the use of finance systems (Microsoft Dynamics 365 Business Central is a bonus), extracting and manipulating data and excellent IT skills including MS Office suite
- Ability to work independently as the sole member of the finance function in the US with remote support from group finance function in the UK
- Experience working with or for an international HQ is preferred
- Experience in managing external relationships with service providers (e.g. payroll, tax)
- Proven ability to manage workflows, prioritise effectively, and deliver high-quality outcomes under time pressure
- Excellent communication and relationship-building skills across cultures and time zones
- Comfortable with ambiguity and change – able to build structure while scaling rapidly
- Exposure to setting up or supporting new entities or international offices
- Values collaboration over hierarchy and builds trust through openness and involvement
- Is confident and knowledgeable, yet curious and humble enough to learn from others
- Enjoys working in a fast iterative environment – building while flying
- Balances structure with pragmatism, and compliance with a people-first approach
- Motivated by helping managers and engineers to do their jobs whilst establishing and maintaining robust financial controls and processes
What the job involves
- The Senior Finance Manager – US will be our first senior Finance hire in-country, playing a pivotal role in standing up our US entity and shaping its success.
- This is a hands-on, high-impact generalist position covering financial operations, group reporting, payroll & tax compliance
- You will be part of the Global Finance Team, reporting into the VP Finance in the UK, and collaborating with the wider Finance team
- Own all US entity financial reporting and compliance, ensuring accuracy and compliance with local and group accounting policies
- Maintain the general ledger, post journal entries, and complete month-end close activities (accruals, payroll entries, intercompany transactions)
- Prepare monthly, quarterly, and financial reports for consolidation into UK parent company for group reporting
- Input into the annual budgeting process for the US entity operations
- Manage the treasury operations for the US entity including cashflow forecasting and payment processing (Vendors and payroll)
- Coordinate with external tax advisors to ensure compliance with US federal, state, and local tax requirements including preparation of the corporate income tax returns
- Working with the US PEO and the people team, manage the US payroll activities
- Support external group audits as required
- Manage accounts payable, expense management and purchasing workflows
- Proactive support to senior leaders in the US to support the operations of the business
- Provide financial guidance on hiring plans, compensation, vendor negotiations, capital expenditure, and site operations
- Implement and enforce Company policies on travel, expenses and other areas of spending after localizing as appropriate. Ensure policies and procedures are appropriate as the US entity grows,
- In conjunction with UK implement and keep current Insurance policies as appropriate for local needs within the US entity
- Act as the financial liaison to the UK Group Finance team, offering clear communication and analytical support
Our take
The hardware required to train AI models comes at a high cost, both financially and environmentally, producing millions of dollars in expenses and hundreds of tons of greenhouse gases. In response, Graphcore develops accelerator chips designed to expedite AI system training while significantly reducing power consumption.
AI accelerators like those crafted by Graphcore specialise in enhancing specific AI applications, such as artificial neural networks, deep learning, and machine learning. Utilising multicore designs and prioritising low-precision arithmetic or in-memory computing, these accelerators elevate the performance of large AI algorithms, achieving breakthrough results in natural language processing and computer vision.
Graphcore has ambitious plans to create an AI supercomputer, aiming to be one of the most powerful in its class. However, progress on this has extended beyond its planned 2024 debut, and the company was purchased by Softbank later that year. Though the acquisition by the Japanese multinational lowered Graphcore's valuation and highlighted structural problems in the local financing of UK tech pioneers, the buyout will undoubtedly aid the company in its ambitions to shape the future of AI computing.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Dec 2020
$222m
SERIES E
Feb 2020
$150m
SERIES D
Total funding: $682m
Company benefits
- Work-Life Balance: We believe you should have a good work-life balance. Everyone's situation is different, so we offer flexible working arrangements and start and finish times, allowing you to choose when to work from home or come into the office
- Wellbeing: We want to ensure that our employees have the resources and support they need to prioritise their health and wellbeing
- Healthcare: We offer Private Medical Insurance (PMI) to our employees to help them take care of their health and that of their loved ones
- Progression: We prioritise learning and development as an integral part of our culture at Graphcore. Our Talent Development team is dedicated to equipping all our employees with the necessary tools, resources, and support to enhance their skills and reach their full potential in their careers
- Pension: We believe that our employees deserve the best when it comes to planning for their future
- Income Protection: Graphcore understands that unforeseen circumstances can happen, and we want to ensure our employees have the necessary financial security in place
Company HQ
Old City, Bristol, UK
Leadership
Nigel Toon
(Co-Founder & Exec Chair)Previously the President and CEO at picoChip Designs (processors for telecoms). As well as the VP and GM of Europe at Altera (semiconductors, merged with Intel).
Simon Knowles
(Co-Founder & CTO)Founded two successful semiconductor companies, Element14 and Icera, for a combined value of over $1 billion.
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