Lead financial planning and operations, support capital fundraising, manage budgets, and build a finance team for Electrified Thermal Solutions.
About Electrified Thermal Solutions
Boilers, furnaces, and kilns are the engines of our industrial economy, providing heat to melt steel, form cement, and transform chemicals. But historically reaching this high-temperature heat required burning fossil fuels, making the industrial sector responsible for 25% of global greenhouse gas emissions.
Electrified Thermal Solutions has a simple and massive goal: to electrify industry.
To do this, we are building the Joule Hive™ thermal battery: an energy storage technology that converts and stores cheap, renewable electricity as high-temperature heat. Our vision is to mitigate gigatons of CO2 emissions per year by deploying the Joule Hive™ at every industrial furnace, turbine, boiler, and kiln.
About the Role
Electrified Thermal is looking for a Finance leader who can move seamlessly between details and the big picture. As the founding member of the finance team, this role would build and scale our financial team in collaboration with Operations, support our CEO in capital raises, and collaborate with our Business Development team to shape our project finance strategy and model customer savings.
What You'll Do
- Lead financial planning, including regular forecasting, long-term pro-forma development and maintenance, as well as annual budget planning
- Collaborate with the business development team in planning for and executing a project finance strategy to support Electrified Thermal’s Heat as a Service offering, including directly participating in negotiations with equity and debt providers.
- Support the business development team with modeling customer savings to demonstrate the economic value proposition of Electrified Thermal’s solutions.
- Present quarterly financials in board meetings, including actuals vs. budget, cash projections, and project profitability metrics.
- Collaborate with CEO on fundraising efforts by participating in pitching, managing investor pipeline, managing scenario planning and projected use of proceeds, supporting diligence, and maintaining updated data room materials
- Conduct dynamic scenario planning to help the company understand strategic trade-offs and their financial impact.
- Own financial and related compliance reporting for internal and external stakeholders, including working with stakeholders to define reporting requirements and overseeing the production of financial statements.
- Manage grant budgets, invoicing, and accounting compliance, including preparing for and overseeing audits
- Lead financial operations, including managing external bookkeeping, accounting, and tax teams, managing AP/AR, as well as reviewing monthly statements and actuals data
- Develop a multi-year plan for building a top-tier finance team and corresponding financial operations strategy and processes to scale the business, ensuring efficiency while limiting risk
- Move swiftly between small details and the big picture and be willing to wear multiple hats as the founding member of the finance team.
What You'll Bring
- At least 8 years of related professional experience (e.g. finance, accounting, FP&A), including at least 3 years working in finance at a venture-backed start-up
- Master's degree in business administration, finance, or equivalent (including relevant bachelor's degree with 2 additional years of work experience)
- Proven track record of scaling complex financial operations, forecasting cash flows, and working internally with cross-functional teams to manage the finances of a rapidly growing organization.
- Experience with capital raising (diligence preparation, supporting pitching, managing investor pipeline) for venture-funded companies
- Excellent Excel skills
- Excellent formal and informal communication skills
- Some exposure to project finance is a plus
What We Offer
- Competitive compensation package, including equity options
- Medical, Dental & Vision Insurance
- 401(k) with 4% matching
- 12 weeks of fully paid parental leave, with an additional two weeks for birthing parents
- 20 days of flexible vacation days annually
- A minimum of 13 days of paid company holidays
- Access to commuter benefits
- Access to a Health Savings Account (HSA), Flexible Spending Account (FSA), and Dependent Care FSA
What We Value
As a growing startup, we value executing through uncertainty and moving toward the problem. We also recognize that structure is support and adheres to processes to keep us safe and make us effective. Electrified Thermal can only achieve our goals if we go together, and value and proactively draw on the diverse backgrounds, skill sets, and perspectives of our growing team. Each day, we work to live sustainably, not only to build a sustainable future but also to create an environment where our employees lead full multi-dimensional lives.
Electrified Thermal believes people are the catalyst for success and seeks those with diverse backgrounds and perspectives to maximize our impact. We know great solutions and innovation can come from anywhere and prioritize hiring people with the ability to work on diverse teams and with a diverse range of people. Electrified Thermal is committed to building a diverse and inclusive team and work environment and we are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, or any other characteristic protected by law.
Top Skills
Excel
Electrified Thermal Solutions Medford, Massachusetts, USA Office
Medford, MA, United States, 02155
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