Based in Cary, North Carolina, Sustaera is a Direct Air Capture technology startup with deep expertise in carbon capture, separations chemistry and process scale-up. Sustaera’s mission is to deliver low-cost, scalable, carbon removal systems to the world to “Restore the Carbon Balance”. Sustaera’s core technology is based on several patented breakthroughs in material science, process design, and modular manufacturing. The company is building a North America pilot plant, operational in 2023.
About Us:
To achieve net zero by 2050, carbon removal is imperative.
At Sustaera, we are on a mission to restore the carbon balance. We’ve developed a carbon dioxide removal technology that uses renewable energy to remove carbon dioxide from the air, permanently. We’re a team of experienced chemical, process, mechanical, and climate engineers dedicated to bringing this technology to scale and remove 500 million tons of CO2 by 2040. We’re backed by some of the leading climate tech investors that include Breakthrough Energy Ventures and The Grantham Foundation and have already established early partnerships with Stripe and Shopify along with being a recent winner of the XPRIZE milestone award. We’ve just kicked off our pilot project to capture up to 300 tons of carbon dioxide per year targeting completion in 2023. Come join us!
About the role:
Sustaera is looking for an experienced CFO with strong start-up experience. Hybrid schedule possible.
Equal Opportunity Employer
Sustaera an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.
COVID-19 Policy
As a condition of employment, Sustaera will inquire about COVID-19 vaccination status, and in the event that vaccinations and masking are mandated at a work location (including client/partner locations and Sustaera locations) we expect all candidates to comply with these required safety protocols. Please note that as of March 7, 2022, Sustaera will require all staff to provide proof that they are fully vaccinated against COVID-19 in order to work at Sustaera locations. Candidates or employees who cannot get vaccinated for medical or religious reasons may be eligible for an accommodation, and should notify the hiring manager upon applying if they wish to request accommodation. Requests for accommodation will be evaluated on a case-by-case basis.
Visa Sponsorship
Only candidates authorized to work in the US will be considered.
What you will bring:
Start-up experience required, including early to mid-stage (Series B-D) funding strategy and option analysis, and strong understanding of structuring term sheets / agreements across a variety of financing vehicles.The desired candidate will have shown a track record of growth and development, and most importantly, demonstrated principled, ethical leadership throughout their career.Experience in capital project financing across a variety of sizes. Strong in Techno Economic Analysis (TEA) and cost modeling.Corporate P&L experience required, preferably in publicly traded entitiesHigh level of integrity and dependability with a strong sense of urgency and results orientationStrong problem solving and creative thinking skills and the ability to exercise sound judgement and make decisions based on accurate and timely analysisAbility to extract relevant inputs from key individuals, across varied functions and experience levels, in order to ensure well informed forecast and analysis, and anticipate key sensitivitiesExcellent financial reporting and accounting skills including financial disclosuresExcellent financial forecasting skills, including probability analysisPositive attitude and contribution to inclusive and engaging work environmentWhat you will do:
Reporting to CEO and part of Executive Leadership TeamParticipates in venture funding activities and Techno Economic Analysis (TEA)Lead planning and budgeting processes that are proactive, structured, and transparentAnalyze cash flow, cost control, and expenses to pinpoint potential areas for improvement. Adjust reporting and analysis depth relative to materiality on business decisions.Provide executive management with advice on the financial implications of business activitiesAccountable for credibility, accuracy, and reliability of financial statements, budgets, forecasts, runway analysis and variance analysisAccountable to ensure the reporting needs of investors are met, on time and in support of favorable investor relationsMeet non-dilutive financing accounting needs in compliance with regulation and best practice, across government, venture debt, special purpose vehicles and project financingProvide executive leadership in the short and long-term evaluation of strategic financial objectives, including recommendations to enhance financial performance and business opportunitiesProvide financial analysis of business model scenarios in support of strategy developmentAccountable for ensuring prompt and accurate financial processing such as payroll, accounts payable, accounts receivable, expense reports,Maintains and implements the financial policy governance for the companyAssess needs, make recommendations, implement, and operate business and enterprise systems to meet the needs of the company in short, mid, and long termServe as Chief Risk Officer for the company, until such time as a full-time role may be justified. Including monitoring of Insurance Coverage and Government ComplianceWhy join us:
We’ve done this before. Our founding team has successfully built up to 5000 ton per year carbon capture plants and completed over 30 R&D projects in the CO2 capture space. We have a combined experience of over 125 years to learn from, and each new team member makes that foundation stronger.We have a strong network of industry, public, and private partners that enable our future. Sustaera technology was seeded with DOE funding and we continue to have regular collaboration at multiple levels of critical regulatory bodies. Our investors, Breakthrough Energy Ventures and The Grantham Foundation are the gold standards in climate partners. The interest in our technology continues to grow monthly!We love learning from each other and learning together. Our team is filled with folks with a wide-range of experiences and expertise and no question is ever too crazy. We are passionate about learning, and challenging our assumptions. Our employees grow and develop, and we create next generations of leadership.No day is the same. As a company working on a transformational technology, every day is a new day. We adapt and move with agility to solve the challenges of the day, month, and year.We are building a product that matters. We believe that it is possible to build a viable commercial product and healthy company that also helps the planet. These characteristics are not mutually exclusive.We love what we do. For many employees here, this is the culmination of all their previous work and academic experiences to help solve our global emissions problem. For others, the call to climate work came more recently, and we’re happy to play that role.We believe that results matter. We hold ourselves accountable for progress and outcomes. We measure our progress toward goals, celebrate our successes, and learn from our setbacks.We believe that we will make a dent in tackling climate change. Humanity has come together at multiple points in its history to solve incredibly daunting and complex challenges. This is the challenge of our generation, and we’re up for it together.Perks & Benefits
Flexible hours and paid time offStock option compensationMedical and dental insurance401K matchFun company outings
