Full-Time

Head of Finance

Confirmed live in the last 24 hours

Waabi

Waabi

51-200 employees

Develops self-driving technology for trucking

Automotive & Transportation
AI & Machine Learning

Compensation Overview

$221k - $297kAnnually

+ Equity Incentive Awards + Annual Performance Bonus

Senior

Toronto, ON, Canada + 1 more

More locations: San Francisco, CA, USA

Hybrid role requiring in-office presence.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Financial analysis
Requirements
  • 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.
Responsibilities
  • 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.
  • 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.
  • Manage cash flow, investments, and banking relationships.
  • Optimize working capital and minimize financial costs.
  • Perform daily, weekly, and monthly cash flow projections and reconciliations.
  • Work closely with the leadership on pro-forma modeling, planning, investor communications and fundraising activities.
  • Ensure compliance with all relevant financial regulations, accounting standards, and tax requirements.
  • Stay current with industry best practices.
  • Identify and mitigate financial risks.
  • Implement effective internal controls to safeguard the company's assets.
  • Conduct in-depth financial analysis to support decision-making.
  • Evaluate investment opportunities, pricing strategies, and cost-saving initiatives.
  • Develop, enhance, and refine financial systems and procedures; aligning them with industry best practices while tailoring them to the company's distinct requirements.
  • 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.

Waabi focuses on developing self-driving technology specifically for the trucking industry. Their main product, the Waabi Driver, is designed to learn from experiences, adapt to new situations, and work with various hardware setups. This technology aims for large-scale use and is intended for integration into vehicles by original equipment manufacturers (OEMs). Waabi stands out from competitors by utilizing an advanced simulation platform called Waabi World, which allows them to refine their self-driving systems in a virtual environment, minimizing the need for extensive real-world testing. This not only cuts costs but also enhances safety and adaptability. The goal of Waabi is to transform the trucking sector by providing technology that reduces operational costs and improves safety for commercial vehicles.

Company Stage

Series B

Total Funding

$265.9M

Headquarters

Toronto, Canada

Founded

2021

Growth & Insights
Headcount

6 month growth

23%

1 year growth

20%

2 year growth

104%
Simplify Jobs

Simplify's Take

What believers are saying

  • Waabi's $200M funding round from prominent investors like Uber and Khosla Ventures underscores strong financial backing and growth potential.
  • The launch of an AV trucking terminal in Texas and commercial pilots with Uber Freight highlight Waabi's readiness for large-scale deployment.
  • Waabi's generative AI technology promises to revolutionize the trucking industry by enhancing safety, reducing costs, and improving operational efficiency.

What critics are saying

  • The autonomous vehicle industry is highly competitive, with established players like Tesla and Aurora posing significant challenges.
  • Regulatory hurdles and public skepticism around self-driving technology could delay Waabi's commercial deployment.

What makes Waabi unique

  • Waabi's use of advanced simulation technology, Waabi World, significantly reduces the need for real-world testing, setting it apart from competitors relying heavily on physical trials.
  • The company's AI-first approach, led by AI pioneer Raquel Urtasun, focuses on efficient reasoning and minimal data requirements, unlike Tesla's imitation learning model.
  • Waabi's strategic partnerships with industry giants like NVIDIA and Uber provide a robust ecosystem for rapid technological advancements and market penetration.

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