VP of Finance

Number of employees

50

Remote, United States

Posted on: 2023-05-31

Category: climate

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Expired

Employment type:

Full time

Remote?

Yes

Experience required:

Director

Salary

Salary not provided

About the company:

Our device captures at least 80% of a semi-truck’s carbon emissions directly from the tailpipe. We sell the CO2 to end-users who can store it away for a long time. We split that revenue with our customers, so the device pays for itself in just a couple years.

Remora is hiring a VP of Finance, who will build and manage a team responsible for every aspect of finance at Remora. As a member of the Executive Team, the VP of Finance will work closely with Remora’s CEO to shape and execute the company’s finance strategy, all while helping to tackle the defining challenge of our time.

We’re a 75-person climate tech startup based in Detroit, MI. We build a device that captures a semi-truck’s carbon emissions directly from the tailpipe. We sell the CO2 to end-users, and split that revenue with our customers, so our device pays for itself over its lifetime.

We’re piloting our technology with some of the largest companies in the world, including three of the Fortune 10, and we’ve raised multiple rounds of funding from leading investors like Lowercarbon Capital, Union Square Ventures, and First Round Capital.

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.

Responsible for overseeing

  • Modeling and forecasting company financials
  • Financial reporting to investors and other stakeholders
  • Financial reporting to customers on revenue sharing
  • Reporting monthly financials to the rest of the executive team
  • Evaluating asset investments and other potential new projects
  • Developing and executing a cash management strategy
  • Managing relationships with non-equity capital providers
  • Supporting the diligence process for equity funding rounds
  • Collaborating with the Policy team to apply for non-dilutive funding for R&D, manufacturing, and infrastructure and technology deployment
  • Collaborating with the Supply Chain team on inventory management
  • Efficiently handling invoices and purchase orders
  • Tracking and reporting on spending across the company, ensuring that expenses are correctly categorized and classified
  • Managing taxes, tax credits, and other compliance matters
  • Accounting for depreciation and fixed asset accounting issues
  • Managing and improving company insurance policies
  • As we grow, designing a scalable strategy for financing manufacturing scale-up, carbon dioxide infrastructure deployment, and carbon capture device deployment 
  • As we grow, designing and executing a quarterly budgeting process
  • Qualifications

  • 10+ years of relevant work experience
  • 4+ years of management experience
  • 4+ years of startup experience, ideally at a hardware or manufacturing-focused startup
  • Demonstrated leadership and project management skills
  • Ability to build and manage a team as the company grows
  • Creative, outside-the-box thinker with lots of new ideas
  • Here’s what we value

  • You want to join a fast-paced, fast-growing startup.
  • You care deeply about reducing carbon emissions and building power for the historically excluded communities that those emissions will most affect.
  • You’re committed to practicing anti-racism and anti-sexism.
  • You fully own projects, and you identify and solve problems through completion.
  • You adapt to change and appreciate failures as learning opportunities, constructively sharing them with your teammates.
  • You improve your teammates’ performance through collaboration. You consistently pursue personal and professional growth for yourself and your teammates.
  • You voice respectful disagreement and provide high-quality constructive feedback. You’re an effective and active listener and a clear and concise communicator.
  • You voice respectful disagreement and provide high-quality constructive feedback. You’re an effective and active listener, and a clear and concise communicator.
  • Logistics

  • Location: Remote (US and Canada within Pacific Time, Mountain Time, Central Time, or Eastern Time
  • 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: $250,000
  • Equity: 0.49%
  • 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
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