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Full-Time

Chief Financial Officer

Confirmed live in the last 24 hours

NineDot Energy

NineDot Energy

11-50 employees

Develops community-scale battery storage systems

Energy
Consulting

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 is a leader in developing community-scale battery energy storage systems in the News York City metropolitan area, specializing in vehicle-to-grid capabilities. This focus contributes significantly to creating a cleaner, more equitable, and resilient urban energy grid. Working at this company offers the opportunity to be at the forefront of advancing essential energy solutions in a crucial market, fostering both professional growth and a transformative impact on urban infrastructure.

Company Stage

N/A

Total Funding

$349.2M

Headquarters

Wilton, Maine

Founded

2015

Growth & Insights
Headcount

6 month growth

155%

1 year growth

84%

2 year growth

155%
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Simplify's Take

What believers are saying

  • NineDot Energy's successful financing rounds, including $225 million in equity and $85 million in debt, provide strong financial backing for future growth.
  • The company's first Bronx site, featuring a 3 MW/12 MWh battery energy storage system and solar canopy, serves as a model for future urban clean energy projects.
  • Partnerships with leading technology providers like Stem and support from NY Green Bank enhance NineDot Energy's capabilities and market position.

What critics are saying

  • Operating in a highly regulated and complex urban environment like New York City poses significant logistical and regulatory challenges.
  • The reliance on continuous financial support and debt facilities could strain the company's financial health if market conditions change.

What makes NineDot Energy unique

  • NineDot Energy specializes in community-scale battery energy storage systems (BESS) in the dense urban environment of New York City, a niche market with unique challenges and opportunities.
  • Their collaboration with Stem's Athena AI platform for optimizing multiple value streams, including New York’s VDER program incentives, sets them apart from competitors.
  • Backed by significant investments from global firms like Carlyle and financial support from NY Green Bank, NineDot Energy has a robust financial foundation to scale its operations.