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Full-Time

Head of FP&a

Posted on 2/16/2024

Watershed

Watershed

51-200 employees

Software platform for managing climate programs

Energy
Enterprise Software
Social Impact

Senior, Expert

San Francisco, CA, USA

The role will be in the San Francisco HQ of Watershed, with the possibility of remote work for certain positions. Watershed also has offices in New York and London, with remote team members across the US and Europe.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Requirements
  • 10+ years of experience in professional financial practice/corporate finance, including FP&A leadership
  • Experienced at managing high-performing FP&A teams and evolving the FP&A processes, in particular for a fast-growing organization
  • Experience with Enterprise Subscription / SaaS businesses
  • Experience in late stage private or public companies strongly preferred
  • Degree in Finance, Accounting, Economics or Business Administration preferred
  • Advanced understanding of GAAP financial statements
  • Rigorous analytical thinking and strong problem-solving skills
  • Have a clear track record of successfully cultivating cross-functional business partnerships
  • Effective written and verbal communication skills, also at the executive level
  • Ability to strive in a fast-paced environment and to deal with ambiguous situations
Responsibilities
  • Establish, manage, and grow the FP&A team that will support the executive team in understanding the financial implications of strategic decisions (resource investments, spend allocation, business planning, etc.)
  • Set up and lead the company long-term (multi-year) and short-term (annually or semi-annually) planning processes
  • Establish processes and systems to forecast and report on financial performance, manage budgets, and facilitate decisions on major spend requests in partnership with the business
  • Define and report on the key business metrics, proactively analyze business trends and identify opportunities to improve financial performance.

Watershed provides a software platform that assists companies in managing their climate initiatives. The platform includes tools for measuring carbon footprints, setting reduction targets, funding carbon removal projects, and tracking progress towards net-zero emissions by 2030. Clients, including major corporations like Apple and Microsoft, subscribe to Watershed's services for ongoing access to these climate management tools. What sets Watershed apart from competitors is its focus on user-friendliness and comprehensive support for businesses navigating regulatory and consumer pressures related to climate change. The goal of Watershed is to empower companies to achieve their sustainability objectives while enhancing their financial performance and stakeholder satisfaction.

Company Stage

Series C

Total Funding

$239.5M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

19%

1 year growth

40%

2 year growth

166%
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Simplify's Take

What believers are saying

  • Watershed's innovative approach to carbon removal and sequestration can significantly contribute to global climate goals, making it an attractive place for mission-driven professionals.
  • The acquisition of VitalMetrics positions Watershed to meet increasing verification and audit standards, enhancing its credibility and market appeal.
  • The company's substantial funding and strategic acquisitions indicate robust growth prospects and opportunities for career advancement.

What critics are saying

  • The high cost and technological complexity of direct air capture and geologic sequestration could pose financial and operational challenges.
  • The competitive landscape in climate tech is intensifying, requiring Watershed to continuously innovate to maintain its edge.

What makes Watershed unique

  • Watershed's acquisition of VitalMetrics enhances its ability to provide granular and globally comprehensive emissions data, setting it apart from competitors.
  • The company's focus on high-quality carbon dioxide removal (CDR) through direct air capture and geologic sequestration offers a more permanent solution compared to other carbon offset methods.
  • Watershed's recent $100M Series C funding round underscores its strong financial backing and potential for rapid growth in the climate tech sector.

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