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VP of Finance

Remora

Remora

Accounting & Finance
Wixom, MI, USA
Posted on Wednesday, March 27, 2024

Remora is hiring an experienced VP of Finance to lead our FP&A and accounting functions. As a member of the Executive Team, the VP of Finance will shape and execute the company’s financial strategy, all while helping to tackle the defining challenge of our time.

We’re a 50-person climate tech startup based in Detroit, MI. We're building a device that captures a semi-truck’s carbon emissions directly from the tailpipe. We'll sell the CO2 to end-users, and share that revenue with our customers, so our device will create a new revenue stream while reducing their emissions.

We've signed up some of the largest companies in the world to pilot our technology, including iconic multibillion-dollar brands, top trucking companies, and some of the most recognizable Fortune 100 companies. We’ve raised multiple rounds of funding from top investors like Lowercarbon Capital, Union Square Ventures, First Round Capital, Y Combinator, and Valor Equity Partners.

Responsibilities:

  • Forecast company financials and partner with the CEO to develop a growth plan.
  • Lead the development of the annual operating budget, and run quarterly budget reviews.
  • Establish financial objectives that align with the company’s plan for growth.
  • Prepare monthly financial reporting (including montly profit and loss, forecast vs. budget, and monthly cash flow) for investors, customers, and other stakeholders.
  • Evaluate financial performance relative to goals, budgets, and forecasts.
  • Manage cash flow planning process and ensure funds availability.
  • Oversee cash, investments, and asset management.
  • Collaborate with the CEO on all debt and equity financing activities for the company, including project financing, equipment financing, and equity rounds.
  • Oversee the preparation and timely filing of all local, state and federal tax returns.
  • Oversee the month-end close process and review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
  • Ensure application of appropriate internal controls and financial procedures.
  • Oversee financial and accounting systems, processes, tools, and control systems.
  • Ensure compliance with accounting standards and regulatory requirements. Serve as a key liaison with auditors and regulatory bodies.
  • Remain current on audit best practices as well as state, federal, and local laws regarding company operations, and manage preparation and support for all external audits.
  • Oversee and manage Remora’s insurance requirements and policies
  • Build, manage, and mentor Remora’s Finance team.
  • Participate in critical strategic decisions as a member of the Executive Team.
  • Build relationships with board members, investors, financial institutions, and other external partners.

Requirements:

  • Bachelor’s degree or higher in Finance, Accounting, Business or a related field
  • 10+ years of finance experience, including corporate finance experience in a fast-growth business, and ideally at least one experience as a VP of Finance or similar
  • 4+ years of management experience, including experience building a team
  • Experience in management consulting, investment banking, or private equity
  • Experience working in a hardware R&D or manufacturing business, ideally first-of-a-kind, complex hardware products with short timelines and limited resources
  • Experience moving quickly and making decisions with significant uncertainty
  • Unusually strong leadership, communication, ownership, and strategic thinking
  • Nice to have: experience managing legal risks and knowledge of legal best practices

Here’s what we value:

  • Mission First: We are laser-focused on our mission. We have chosen to take on the defining challenge of our time, and we don’t shy away from the hard decisions required to put our mission first, no matter how tough. The world needs our technology and it won’t happen any time soon if we don’t make it happen. We are a low-ego team, and we prioritize the mission over our self-interest. We think strategically with an eye to the long term, and we clearly separate what must be done well now, and what can be improved later, despite ambiguity.
  • Burning Urgency: Our hard-core intensity and work ethic match the crisis we’re in. We have a strong bias toward action, and we execute with focus and speed. In the absence of guidance, we take charge, lead our teammates, and accomplish our goals. We aren’t afraid to change course when something isn’t working, and we find solutions even when it seems like there are none. We are cool under pressure, and our quiet determination and drive are unwavering. We relentlessly push ourselves and each other to improve. We don’t accept adequate performance. Excellence is the expectation. Many would say our standards are unreasonably high, and many would say our goals are unreasonably bold, but we are hungry to be exceptional. We will never give up, no matter what. If we get knocked down, we get back up, every time. We will not fail.
  • Uncompromising Honesty: We are always honest with ourselves, our teammates, our customers, our investors, our suppliers, our communities, and all of our partners, especially about what’s not going well and what we don’t know. When we see issues, risks, or challenges, we speak up, and when we make mistakes, we admit them proactively and take full accountability. We challenge others directly when we disagree, even when it’s uncomfortable, and we seek this uncompromising honesty from others.
  • Treat People Exceptionally Well: We care intensely about everyone who is on this mission with us, and our standard is exceptional respect for our teammates, partners, and communities. Teammates who bring different perspectives and backgrounds are essential to our success, and we empower everyone to share their voice. We listen to truly understand. We constantly encourage and help our teammates, and inspire each other with our enthusiasm and optimism.
  • Joyful Curiosity: We love to learn, and we learn quickly. We explore the unknown with wonder and excitement. We reason from first principles. We generate original ideas with an open mind and test them quickly in the real world. We take risks and adapt as we discover more. We explore many ideas in parallel, and we don’t count on a silver bullet solution. We share our ideas freely with our teammates. We are skeptical about conventional wisdom, and we question every assumption and requirement. We are always looking for ways to simplify. We are rigorous and attentive to detail. We are eager to understand all aspects of our business and technology, and we contribute effectively outside our individual specialties. We never stop learning.

Logistics:

  • Location: Wixom, MI (in-person required)
  • Start date: ASAP
  • COVID-19: Remora requires all employees to be fully vaccinated against COVID-19. Applicants are required to submit proof of vaccination prior to beginning employment. Appropriate COVID-19 safety precautions are implemented in the workplace.

Compensation and Benefits:

  • Salary: $215,000 - $323-000
  • Competitive Stock Options
  • Healthcare (Aetna)
  • Retirement (401k)
  • Student loan assistance
  • Four weeks of paid time off
  • Dependent care assistance (childcare or eldercare)
  • Parental leave
  • Unlimited sick and compassionate leave
  • Employee development and coaching
  • Office setup (remote) or relocation (in-person) stipend
Climate change disproportionately impacts communities of color, so we’re looking for candidates deeply committed to reducing emissions and to racial justice. People who identify as Black, Indigenous, person of color, female, non-binary, trans, gender non-conforming, or any other identity underrepresented in startups are especially encouraged to apply.
Research shows that women and people of color are less likely to think they are qualified for a position after reading a list of requirements like the one above. If you are worried that you are not qualified, please apply anyway! We’re most excited to work with people who learn quickly and want to tackle the climate crisis.