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Director, FP&A and Accounting

Parallel Systems

Parallel Systems

Accounting & Finance
Los Angeles, CA, USA
Posted on Tuesday, May 21, 2024

Parallel Systems is a Series A startup company developing the future of intermodal transportation. Our mission is to decarbonize freight while improving supply chain logistics and safety. We are developing vehicles and software to create new autonomous and electric transportation systems for existing rail infrastructure.

At Parallel Systems, we value the team as much as the mission. We want to work with talented people who are humble, motivated, and persistent. Our most successful team members are self-starters and collaborate with others to reach our collective goals.

Reporting to the SVP, Finance, the Director, Finance is responsible for owning all aspects of financial operations at Parallel. You will manage FP&A, and oversee accounting operations. The ideal candidate will be experienced in creating workflows, and processes and managing financial tools. This is a role at an early-stage technology company and we’re looking for a trusted partner that works well in ambiguity and scale.

Responsibilities

  • Coordinate month, quarter, and year-end closing processes, including the preparation of journal entries, account reconciliations, and financial reporting efforts.
  • Coordinate and oversee the annual external audit process, including the preparation of audit schedules and responding to auditor inquiries as needed.
  • Establish and maintain internal control procedures to safeguard company assets, ensure the accuracy of financial records, and comply with regulatory requirements.
  • Ensure compliance with tax laws, regulations, and reporting requirements at the federal, state, and local levels.
  • Collaborate on cost/inventory accounting functions as needed.
  • Support financial planning process through strategic plan, financial plan, and quarterly forecast processes.
  • Deliver presentations that tell the story; summarize key insights for leaders.
  • Evaluate financial results to analyze the financial impact of operating results, highlighting risks and opportunities as well as providing strategic and tactical recommendations to leaders.
  • Oversee insurance and risk management.
  • Hire, train, and retain finance staff.

Basic Qualifications

  • Minimum 5 years of experience as Director of Finance.
  • Experience working in a manufacturing environment.
  • In-depth knowledge of corporate finance and accounting principles, laws and best practices.
  • Solid knowledge of financial analysis and forecasting.
  • Proficient in MS Office and financial management software.
  • An analytical mind with a strategic ability.
  • Excellent organizational and leadership skills.
  • Excellent communication and interpersonal abilities.
  • BSc/BA in accounting, finance.

Preferred Qualifications

  • Prepare documentation required for financial assistance awards (grants and cooperative agreements).
  • Interacting with high-level contacts such as Program Directors concerning grant and cooperative agreements.
  • Experience in implementing, configuring, and maintaining MRP applications to support manufacturing operations
  • Experience working with BPO for finance and accounting support
  • CPA or MBA

Please note the national salary range listed in the job posting reflects the new hire salary range across levels that would be applicable to the position. Final salary will be commensurate with the candidate’s final level. Also, this range represents base salary only and does not include equity or benefits, if applicable.

$150,000/year to $170,000/year + equity + benefits
$150,000$170,000 USD

Parallel Systems is an equal opportunity employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to any discriminatory factor protected by applicable federal, state or local laws. We work to build an inclusive environment in which all people can come to do their best work.

Parallel Systems is committed to the full inclusion of all qualified individuals. As part of this commitment, Parallel Systems will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact your recruiter.