Vice President, Global Head of Finance, Vay
Company ESOP (stock options)
Driverless mobility service
Open for applications
Driverless mobility service
101-200 employees
Open for applications
Company ESOP (stock options)
101-200 employees
Company mission
To speed up the rollout of driverless mobility services by using its remote human-assisted driving technologies to build trust in its services.
Role
Who you are
- Based either remotely in the US or onsite in Berlin
- Have or obtain a comprehensive grasp of HGB (German accounting law)
- Fluent in English both written and spoken
- Being fluent in German is a plus
- Be in the office a minimum of 3-days a week
- Minimum of 10 years of experience leading a Finance team in one (or more) of the following functions:
- FP&A (Financial Planning & Analysis),
- Financial Controlling (Accounting Operations),
- Accounting and/or
- Audit
- Strong ability to articulate financial matters to non-financial stakeholders
- Foremost results-oriented building and inculcating this financial language across the entire business
- Be a trusted advisor to the C-Suite and Chairman
- Have strong B2C experience, but be comfortable with B2B businesses too
- Experience with US entities and US GAAP
- Ideally, International experience, ie, leading a finance function that has more than one country in its operations
What the job involves
- The VP of Finance will be reporting directly to the CEO
- The role will sit on the executive team and will be critical as we scale our B2C business en route to fundraising for our Series-C toward the end of next year
- Alongside the CEO, this role will be jointly responsible for raising capital so that the business can deliver on its potential
- Lead the finance team across all aspects of FP&A, accounting, controlling, treasury, and tax. The team currently consists of 3 FTEs and 1 Intern
- Implement processes that enable accurate forecasting, internal controls, and continue to develop a culture of cost-consciousness, strict on non-essential costs but willing to invest when it is strategically important
- Lead the financial planning and budgeting of the company
- Weigh in on capital allocation with the C-Suite and board, and specifically through the budgeting process
- Lead all financial modelling, most importantly for:
- Unit Economics
- Cash Flow Scenarios and Management
- Fundraising
- Lead preparation of quarterly investor reporting & financial statements reporting
- Lead the entire data room and due diligence for fundraising activities
- Lead external engagement with Finance partners, including; banks, auditors, tax consultants, and insurance companies on all matters related to the financial management of the business
Our take
Driverless cars are often considered as the future of transport, but the AI-driven innovation is not yet powerful and safe enough to be made publically available. Furthermore, it is anticipated that many people would not trust AI-driven driverless cars regardless of their state of development, preferring to know that a human is behind the wheel.
Vay develops autonomous driving hardware powered by "teledriving", a system in which cars are driven remotely by humans. The German company will begin by providing orderable cars that can be driven manually by the customer but parked remotely by Vay staff, with future use cases including full remote rides, ride-sharing, last-mile delivery, and public transport.
Whilst other companies such as Mobileye have made plans to provide driverless cars to German cities, Vay is standing out with its unique focus on the trust of teledriving. Furthermore, the initial focus on autonomous parking will greatly speed up rollout and give the company a competitive edge.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Dec 2021
$95m
SERIES B
May 2019
$13m
SERIES A
Total funding: $108m
Company benefits
- You will be part of a highly committed, experienced, fun and international team from over 25 countries
- You'll be a part of improving transportation in metropolitan areas around the world - from Europe
- We offer healthy snacks, drinks and coffee in our modern waterfront office in Hamburg
- We have a generous, highly employee-friendly stock option plan and pay above industry standards
- We organize thoughtful & fun team events throughout the year
- We support highly flexible working policies where possible as well as support for your relocation – it doesn’t matter where you currently live
- We contribute to a FitX or UrbanSportsClub membership, plus free and all-day use of our Gravity Gym in the Berlin office
- We contribute to your monthly public transport ticket in Berlin so that it costs you <50% of the regular price
Company values
- Pioneering change
- Fuelling collaboration
- Driving action
- Building trust
- Creating magic
Company HQ
Tempelhof, Berlin, Germany
Articles
Leadership
Thomas von der Ohe
(Co-Founder & CEO)Experience as Senior Technical Program Manager for Amazon Lab126 between 2014 and 2016. Technical Program Manager for Zoox Inc. between 2016 and 2018. Co-founded Vay as CEO in 2018.
Fabrizio Ugo Scelsi
(Co-Founder & VP of Engineering)Founded autonomous driving company Mov.ING in 2014, acting as CTO until 2017.
Bogdan Djukic
(Co-Founder)Experience as a Senior Software Engineer for Microsoft between 2013 and 2017.
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