Full-Time

Chief Financial Officer

Posted on 8/16/2024

NineDot Energy

NineDot Energy

11-50 employees

Develops community-scale clean energy projects

Government & Public Sector
Energy

Compensation Overview

$300k - $350kAnnually

+ Bonus + Incentive Stock Options

Senior, Expert

New York, NY, USA

Hybrid position in New York.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Sales
Communications
Management
Financial analysis
Mergers & Acquisitions (M&A)
Requirements
  • Bachelor’s in Accounting or Finance
  • MBA, MFA and/or CPA highly desirable
  • 5+ years of successful experience as a senior level executive
  • 10+ years in a progressively responsible financial and operational leadership role, preferably in the energy sector.
  • The ability to impact and collaboratively lead a diverse stakeholder group ranging from the executive team, internal teams, partners, vendors, and customers.
  • Adept at building strong relationships and seamlessly able to partner with the current executive team.
  • Initiative, persistence, an entrepreneurial spirit and energy with the desire to be part of a fast-growth start-up environment.
  • Outstanding interpersonal, communication, and presentation skills with the ability to communicate solution value propositions to the executive team and the wider organization.
  • Renewable energy capital markets background including financial partner relationships and transaction execution experience across the project and corporate capital stack.
  • Prior experience with M&A transactions and post-acquisition integration will be a definite asset.
  • Experience at small and rapidly growing platforms including early- to mid-stage funding strategy and employee compensation models.
Responsibilities
  • Provide strong leadership as a member of the executive team including strategic vision and tactical execution to drive revenue growth, profitability, and capital management in support of the growth and long-term sustainability of the company.
  • Develop and leverage relationships with banks, financial institutions and other capital providers, as well as consultants to structure and raise funds from various financial institutions/banks/lease finance companies.
  • Collaborate with the executive team to develop and execute the company's overall strategy and goals.
  • Act as a role model by embodying and advancing our company’s core values and culture, ensuring these principles are reflected across all aspects of operations.
  • Foster an inclusive workplace where diversity is embraced, and all employees feel valued, supported, and integral to the company’s success.
  • Manage and develop the finance team, made up of the corporate finance (controllership, treasury, FP&A, asset revenue) and project finance teams, including recruiting and hiring new team members, providing ongoing training and development, and conducting performance reviews.
  • Ensure a governance structure is in place to achieve sustainably effective and efficient operational execution that increases shareholder value and facilitates employee and organizational well-being.
  • Accountable for all finance and accounting activities in the organization including management reporting.
  • Assess NineDot corporate capital needs and design the most efficient financing strategy.
  • Oversee the Director, Project Finance’s efforts to coordinate due diligence, term sheet, negotiations, and documentation with finance providers.
  • Leads and ensures all financial processes required to support performance management and effective execution are in place, including strategic planning, annual operating plans, rolling forecasts, sales & operations planning, and supporting models for revenue/pricing, margin analysis/control, and capital expenditure planning.
  • Ensures the financial reporting and supporting processes provide profitability analyses that can be drilled down to the business unit to assess direct, indirect, and fully burdened.
  • Oversee the VP, Corporate Finance’s implementation and/or maintenance of management control systems for other departments e.g. actual expenditure vs budget, product costing system, sales reporting and variance systems, and sales cost reporting, these reports will also be used by the Finance department to be informed of day-to-day trends and to suggest potential improvements when appropriate.
  • Serve as a champion for enterprise excellence and maximizing value creation.
  • Ensure all stakeholders, including lenders and financial institutions, are kept up to date on all relevant financial matters in a timely manner, ensuring the company is compliant with all financial regulations and reporting requirements.
  • Ensure adequate cash flow to meet the organization’s liquidity needs.
  • Develop and implement financial strategies to support the growth and sustainability of the company.
  • Provide financial analysis and insights to guide decision-making across all areas of the business by identifying trends and opportunities for improvement and provide recommendations to the executive team.
  • Develop and manage relationships with investors, lenders, and other stakeholders.
  • Lead the financial due diligence process for potential acquisitions and partnerships.
  • Manage financial risks associated with the business, such as currency risks, commodity price risks, and other financial risks.

NineDot Energy develops community-scale distributed energy projects aimed at improving the reliability and resilience of local power grids, particularly in the New York City area, including Westchester and Long Island. Their projects focus on urban clean energy solutions that not only enhance grid stability but also provide economic savings and reduce carbon emissions. The company designs, constructs, and manages energy systems for a variety of clients, including urban communities, local governments, and businesses. Unlike many competitors, NineDot Energy leverages local expertise and real-world experience to create tailored solutions that meet the specific needs of their clients. The goal of NineDot Energy is to significantly contribute to the global energy transition by fostering sustainable energy practices that benefit both the environment and society.

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$349.2M

Headquarters

Wilton, Maine

Founded

2015

Growth & Insights
Headcount

6 month growth

100%

1 year growth

84%

2 year growth

100%
Simplify Jobs

Simplify's Take

What believers are saying

  • NineDot Energy raised $225 million for distributed battery energy storage projects.
  • The company benefits from NYSERDA incentives reducing project costs for community-scale energy.
  • AI-driven platforms like Stem's Athena optimize energy storage and distribution for NineDot.

What critics are saying

  • Increased competition in NYC could impact NineDot Energy's market share and profitability.
  • Potential regulatory delays may hinder NineDot Energy's expansion plans and financial performance.
  • Rising costs of clean technology equipment may affect NineDot Energy's project budgets.

What makes NineDot Energy unique

  • NineDot Energy focuses on community-scale projects enhancing grid reliability and resiliency.
  • The company leverages local expertise in NYC, Westchester, and Long Island for energy solutions.
  • NineDot Energy integrates V2G capabilities for economic savings and carbon emission reduction.

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