Senior Associate of Corporate FP&A, Form Energy
$111.8-138.7k
+ Stock Options
3 days a week in office
Energy storage systems manufacturer
Open for applications
Energy storage systems manufacturer
501-1000 employees
Open for applications
$111.8-138.7k
+ Stock Options
3 days a week in office
501-1000 employees
Company mission
To form a better world by developing, manufacturing, and commercializing a new class of cost-effective, multi-day energy storage systems that will enable a reliable and fully renewable electric grid year-round.
Role
Who you are
- This role requires strong analytical & Excel skills, a high degree of autonomy, and the perseverance needed to navigate challenges that come with start-up environments
- Depth and breadth of knowledge in accounting principles, three-statement financial modeling, and variance analysis is required
- A strong desire to learn the business quickly is necessary for success in this role, as is the ability to look beyond the numbers and analyze the underlying factors that impact Form Energy’s financial performance
- 5-7 years of relevant finance experience
- Deep analytical rigor and financial modeling skills; demonstrated ability to distill complex financial information into actionable insights for leadership
- Demonstrated skill in partnering across teams and building strong relationships with business partners, Finance partners, and Accounting partners
- Meticulous attention to detail to ensure accuracy of financial information
- Proactive communication style with stakeholders and management
- Initiative in organizing financial forecast and reporting cycles; active engagement in problem solving without prompting
What the job involves
- As a critical member of the Finance team, your responsibility is to plan and execute the company’s three-statement, long-range financial forecast and to provide management reporting results that compare to the forecast
- In managing the company’s financial forecast and results reporting, you will work collaboratively with members of Form’s Accounting and Finance teams
- You will analyze the Finance team’s budgets to ensure high-fidelity capex and opex forecasts, develop robust working capital assumptions, model non-dilutive financing pathways, and provide detailed analytics on financial deviations
- Lead the company-wide quarterly forecast cycles, monthly operating reviews, and monthly budget versus actual reviews
- Develop exec-facing presentations on weekly metrics, monthly results, quarterly and annual projections that distill the impact of plan of record changes on the company’s cash needs and profitability
- Provide detailed analytics on the key business drivers for financial deviations in monthly results versus forecast, and in forecast over forecast changes
- Analyze, through financial scenario modeling, and assess potential risks and opportunities for the company, enabling mitigation initiatives and optionality on key strategic decisions
- Develop and manage a 13-week rolling cash forecast with real time tracking of projected cash burn, based on issued POs, the timing of expected goods / service receipt, and the impact on cash based on payment terms
- Drive business process development across Corporate FP&A tools & platforms
- Support equity investor reporting requirements, including environmental, social, and governance (ESG) reporting, and external reporting requirements for debt providers
Our take
Central to the development of the digital revolution is the role of electric grid infrastructure and expansion. A completely electrical infrastructure is restricted by the inherent limitation that electrical energy is difficult and costly to store. Form Energy, however, have created a reliable battery that has the capacity to revolutionize how we use electricity.
Revolutionizing battery storage is at the core of Form Energy’s approach to making renewable energy universal. Form Energy’s battery is based around Iron-air technology that currently has energy storage capacities and operational costs comparable to legacy power plants. In addition to improvements in cost and consistent electricity access, Form Energy’s batteries are scalable, portable, and safe - offering a unique approach to revolutionizing renewable energy storage towards a greener future.
Although renewable energy storage technology remains an emerging industry, a variety of competitors are also driving developments of battery storage technology. However, Form Energy continues to be a key leader in this space, bagging significant investment that will enable it to build its first manufacturing plant and begin selling to customers. Form Energy's progress is highlighted by a deal with Xcel Energy to deploy iron-air battery systems at two of its retiring coal plant sites and with Puget Sound Energy in 2024, to help the company deploy multi-day energy storage systems.
Freddie
Company Specialist at Welcome to the Jungle
Insights
60% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Oct 2024
$405m
SERIES F
Aug 2024
$147m
GRANT
Total funding: $1.5bn
Company benefits
- 100% of medical, dental, and vision premiums covered for employees
- Health insurance coverage begins first day of employment
- Health Savings Account
- Generous PTO policies to enable employees to recharge when needed
- An Employee Resource Program that provides mental health counseling services, legal guidance, financial resources, and other helpful consulting services
- 80% of the total medical, dental, and vision premiums covered for dependents
- 12 weeks of paid parental leave, 14 weeks for the birthing parent
- Access to a Dependent Care Account
- Access to a Health Flexible Spending Account
- Access to a Commuter Benefits Account
- Access to an Adoption Assistance Flexible Spending Account
- Stock options granted to all employees
- Stock equity education and tax advice service provided by Carta
- Company sponsored 401k
- Access to an annual budget for professional development
- License to complete Gallup’s Strengths Finder Assessment and ongoing resources
- 100% employer-sponsored coverage life insurance, and short and long-term disability policies
Company values
- Humanity: We are human first. Inclusion, diversity, empathy, and respect are cornerstones of our trusting community. Our work products enable a good and just society.
- Creativity: We perform to the highest standards on every axis, while being clear-eyed optimists about how we can be better, always. As gritty pragmatists, we dig into challenges and learn our way forward.
- Excellence: We celebrate the beauty and effort of creation, answering “yes, if” to the hardest, most meaningful questions we can think of.
Company HQ
Ward Two, Somerville, MA
Articles
Leadership
Ted Wiley
(COO & President)Studied at Harvard Business School before spending 6 years at Aquion Energy and then a year as President of McDonough Innovation. They co-founded Form Energy in 2017, serving since as COO and President.
Mateo Jaramillo
(CEO)Mateo started their career at Predictive Networks before joining Gaia Power Technologies and then Tesla. They left their VP of Products & Programs role in 2016 to found Verse Energy in April and Form Energy in December 2017.
William Woodford
(CTO)William Woodford is co-founder and CTO of Form Energy. His career has focused on developing robust low-cost energy storage systems.
Yet-Ming Chiang
(Chief Scientist)Co-Founder and Chief Scientist at Sublime Systems, and Professor at MIT. Prior to Form Energy, Chiang co-founded the companies Desktop Metal, 24M Technologies, A123 Systems, and American Superconductor Corp.
Marco Ferrara
(SVP Software & Analytics)Also co-founded Tessolar. Former VP of Energy, Analytics and Optimization at IHI INC.
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