Head of Finance, Waabi
$221-297k
+ Equity and bonus
AI powered self-driving technology
Open for applications
AI powered self-driving technology
101-200 employees
Open for applications
$221-297k
+ Equity and bonus
101-200 employees
Company mission
To bring commercially viable self-driving technology to society.
Role
Who you are
- Bachelor degree or higher in Finance, Accounting, Business Management, or equivalent; MBA, CFA, and/or CPA certification preferred
- 15+ years of progressive experience in senior finance leadership positions, collaborating closely with executives
- 10+ years of finance leadership experience preferably within the technology industry in the US or Canada
- Comprehensive understanding of financial management, analysis, tools and reporting methodologies
- Strong expertise in financial regulations, accounting principles, and taxation
- Experience in developing internal controls and financial processes
- Demonstrated strategic thinking, problem-solving, and decision-making abilities
- Exceptional written and verbal communication skills, with attention to detail
- Experience and excitement in supporting a dynamic, high-growth environment
- Adherence to high ethical standards and integrity
What the job involves
- The Head of Finance is responsible for leading the financial planning, management, and reporting functions of the organization
- This role involves providing strategic financial guidance to senior management, ensuring the company's financial health and compliance, and optimizing financial performance to support business objectives
- This role will oversee and build FP&A, accounting and treasury teams
- The Head of Finance will partner closely with leaders across the company to help shape strategies and priorities across the company
- This person will lead, grow, and inspire a team of seasoned finance professionals, while working across the broader team to enable and deliver Waabi’s strategic and financial goals
- Responsibilities will include all facets of strategic planning, forecasting and corporate planning, short-term forecasting, long term planning, cash flow, capital allocation, while driving thought leadership and best practices
- Budgeting and Forecasting:
- Comprehensive budget preparation and oversight, involving the development of annual operating budgets, forecasts, and financial plans
- Regularly collaborate with leadership, working together to monitor and adjust budgets as needed to protect cash flow
- Financial Reporting:
- Produce accurate and timely financial reports, including income statements, balance sheets, and cash flow statements
- Monitor and report on financial performance against budget and make necessary adjustments
- Present financial results to the executive team and board of directors. Manage month end close and generate monthly financial statements
- Cash Management:
- Manage cash flow, investments, and banking relationships. Optimize working capital and minimize financial costs
- Perform daily, weekly, and monthly cash flow projections and reconciliations
- Long term financing planning:
- Work closely with the leadership on pro-forma modeling, planning, investor communications and fundraising activities
- Compliance:
- Ensure compliance with all relevant financial regulations, accounting standards, and tax requirements
- Stay current with industry best practices
- Risk Management:
- Identify and mitigate financial risks. Implement effective internal controls to safeguard the company's assets
- Financial Analysis:
- Conduct in-depth financial analysis to support decision-making
- Evaluate investment opportunities, pricing strategies, and cost-saving initiatives
- Financial Systems:
- Develop, enhance, and refine financial systems and procedures; aligning them with industry best practices while tailoring them to the company's distinct requirements
- Team Leadership:
- Lead by example in developing, motivating, recruiting, and retaining a highly effective finance team
- Inspire change and collaboration among a diverse and distributed team
- Encourage sharing of best practices and insights across all members of the team
Our take
Autonomous vehicle technology is rapidly developing and many sectors are recognising its value. However, whilst the self-driving industry has made significant advancements there is much more that can be done. There are challenges in this space surrounding scale and developing commercially viable self-driving technology.
Waabi hopes to tackle these challenges and be the leader in self-driving technology with their "AI first approach". The company said that combined with a closed-loop simulator, this approach will allow both common driving scenarios and safety-critical edge cases to be tested at scale - solving one of the key issues in the industry.
Waabi successfully raised one of the largest Series A rounds ever raised in Canada, and has gone on to raise fresh Volvo and Uber-led funding in early 2024. While the company's focus is currently on autonomous long-haul trucking (launching its first generation of trucks in November 2022), the company is well set to lead the next generation of self-driving technology.
Kirsty
Company Specialist
Insights
Company
Funding (2 rounds)
Jun 2024
$200m
SERIES B
Jun 2021
$73.7m
SERIES A
Total funding: $273.7m
Company benefits
- Equity awards
- Medical, Dental and Vision coverage (for full-time employees only)
- Unlimited Vacation
- Flexible hours and Work from Home support
- Regularly scheduled team building activities and social events both on-site, off-site & virtually
- Annual performance bonus
Company HQ
Downtown Toronto, Toronto, ON
Articles
Leadership
Raquel Urtasun
(CEO)Previously worked at Uber as Chief Scientist, Head of Uber ATG R&D. Is also a professor at the University of Toronto.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 17 more jobs at Waabi