Head of Finance
About the job
- At least 10 years of financial leadership experience, preferably in a startup or high-growth environment.
- Strong financial modeling, forecasting, and business analysis skills.
- Hands-on experience managing cash flow and fundraising processes.
- Ability to develop and implement financial strategies aligned with business goals.
- Strong analytical skills with the ability to translate complex financial data into actionable insights.
- Familiarity with financial tools and software and the ability to set up financial systems in a startup environment.
- Ability to grow and lead the finance team as the company scales.
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- Ability to work in a fast-paced, evolving startup environment with a hands-on approach to problem-solving.
- Strong attention to detail and organizational skills.
- Ability to work cross-functionally with other departments and advise the executive team.
- Comfort with ambiguity and the ability to adapt as the business evolves.
- Manage the strategic and tactical elements of Maximo’s financial operations.
- Lead capital planning and investor relations, including relationships with Maximo’s largest shareholder, AES Corporation.
- Manage debt, including fleet and asset financing, and equity fundraising.
- Lead FP&A and cash management processes, including short- and long-term forecasting, management reporting, and commercial finance.
- Work with the AES Corporation team on accounting and tax support.
- Establish reliable processes for active forecasting, management reporting, and cash management that can scale with growth and the finance team.
- Refresh Maximo’s capital plan.
- Participate in closing Maximo’s next fundraising round with outside investors.
- Develop unit economics and commercial decision-support processes.
- Report to the CEO as Maximo’s senior finance leader.
- Lead the development of financial recommendations, establish finance processes and standards, and drive execution of approved plans.
- Work with the Maximo leadership team and AES corporate functions, including treasury, accounting, tax, legal, and procurement.
- Lead the development and execution of Maximo’s capital plan in partnership with the CEO, leadership team, board, and applicable AES stakeholders.
- Own financial analysis, models, materials, diligence processes, and day-to-day coordination of financing activities.
- Identify and quantify cost and margin opportunities, establish financial targets, and partner with operational leaders to implement and track improvement initiatives.
- Define Maximo’s finance systems and process roadmap and lead implementation, leveraging AES platforms and shared services where appropriate.
- Perform significant modeling, forecasting, reporting, and transaction work while building the team and infrastructure required to support scale.
- Grow and lead the finance team as the company scales.
- Experience in a startup or high-growth environment.
- MBA.
- CFA.
- CPA.
About the company
AES is a global power company generating and distributing electricity through four SBUs: US and Utilities, South America, MCAC, and Eurasia. It runs a diverse portfolio of generation assets including thermal, renewable, and energy storage, serving residential, commercial, and industrial customers through long-term power purchase agreements and competitive markets. Its business model provides steady revenue from contracts while also selling electricity in market-based transactions, leveraging a broad geographic footprint and a mix of asset types. The company's goal is to reach net-zero carbon emissions from its electricity generation by 2040, supported by investments in renewables, storage technology, and efficiency improvements.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Arlington, Virginia
Founded
1981
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Simplify's Take
What believers are saying
- Q2 2026 revenue rose 20% to $3.42 billion, with $898 million Adjusted EBITDA.
- AES posted $2.25 billion operating cash flow in first-half 2026.
- The March 2026 Bellefield robotics milestone lowers solar installation costs and labor friction.
What critics are saying
- FERC complaints filed June 12, 2026 target the BlackRock-GIP-EQT takeover.
- AES still carries heavy capital needs after issuing $1 billion notes on June 16, 2026.
- Permitting at Desert Rainbow still requires Goodyear approvals before 2029 construction.
What makes AES unique
- AES pairs utilities, contracted renewables, and storage across the Americas.
- Maximo installed 100 MW of robotic solar at Bellefield in March 2026.
- Desert Rainbow combines 550 MW solar with 550 MW storage in Goodyear.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Parental Leave
Professional Development Budget
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 12%1 year growth
↑ 12%2 year growth
↑ 12%Welding problems at US plant force Fluence to cut revenue forecast by $600m. 22 Sep 2026 Battery energy storage system integrator Fluence Energy has cut its 2026 revenue forecast by $600 million after automated welding problems disrupted production at a contract manufacturing facility in Houston, Texas. The Nasdaq-listed company now expects revenue of about $2.4 billion, down from its previous guidance midpoint of $3 billion. Its forecast adjusted EBITDA loss has widened from approximately $10 million to $200 million. Fluence said more than 80% of the anticipated revenue reduction was attributable to US production problems, principally delays in ramping up the Houston facility. The plant, operated in partnership with equipment manufacturer Bergstrom, produces thermal-management systems, including heating, ventilation and air-conditioning and chiller equipment, for Fluence's Gridstack Pro battery energy storage systems. Fluence CEO Julian Nebreda told investors the company had underestimated the complexity of ramping up production. A customised automated welding process was operating significantly below its target, while final assembly was being constrained by a shortage of skilled labour. Production averaged fewer than one unit per day during August, compared with the 11 units per day assumed in the company's previous guidance. Output increased to an average of three units per day during the first two weeks of September. The contract manufacturer has temporarily moved to manual welding, recruited additional skilled workers and engaged three subcontractors in the Houston area to increase welding and assembly capacity. Fluence estimated these measures would add $25 million to costs. Nebreda said the automated welding system was still being trained to weld the company's Gridstack Pro 5000 equipment. A plan for delivering Fluence's 2027 backlog had been prepared on the assumption that manual welding might continue, although it would be slower and more expensive. The company has $2.9 billion of backlog scheduled for 2027, of which $1.2 billion requires US production. The Houston plant has also not yet been connected to the electricity grid. Fluence said generators had been installed and power availability was no longer constraining output. Grid connection is expected in the first quarter of its 2027 financial year. Nebreda said the delay in introducing manual welding had accounted for most of a roughly $1 billion shortfall against Fluence's earlier annual revenue expectations. "That is clearly not a resilient plan," he said, adding that Fluence would seek to reduce its dependence on individual suppliers and manufacturing processes. Fluence announced the start of production at the Houston facility in August 2025, describing it as an important part of its strategy to establish a domestic US supply chain for every major component of a grid-scale BESS. Law firm Hagens Berman has since opened an investigation into whether Fluence adequately disclosed the facility's operational readiness and potential financial effect. The announcement concerns a preliminary investigation and does not establish that Fluence or its executives violated securities law. Fluence shares fell $1.39, or 15.4%, from $9.05 to $7.66 following the revised guidance. The company also terminated chief product officer Peter Williams on 11 September and appointed former AES executive Bernerd Da Santos as chief operating officer. Da Santos will oversee product, supply chain, manufacturing, customer success and enterprise operations.
Paul Hastings LLP advised AES España B.V., a private limited liability company and a subsidiary of the AES Corporation
AES Corporation delivered strong first-quarter 2026 results, with revenue rising to $3.18 billion from $2.93 billion year-over-year. Net income reached $487 million, and earnings per share of $0.68 beat Wall Street expectations. The Virginia-based Fortune 500 energy company, valued at approximately $10.59 billion, has gained 13.5% over the past year and 3.6% in 2026. However, these returns trail the S&P 500's 16.9% annual gain and 8.7% year-to-date advance. AES has outperformed the utilities sector, beating the State Street Utilities Select Sector SPDR Fund's 4.8% annual return, though slightly lagging its 4.6% gain this year. BlackRock's Global Infrastructure Partners is set to acquire the company, which serves as a major renewable energy supplier to corporations and technology companies.
Virginia clean energy firm plans 350-megawatt solar plant near Buckeye. A private clean energy firm is planning a major solar project on state-owned land near Buckeye, amid a flurry of similar projects in various stages of development in the West Valley and further south in Pinal County. Charlottesville, Virginia-based Apex Clean Energy applied for a 30-year commercial lease for a 3,897-acre site where it wants to build a 350-megawatt utility-scale solar plant with battery energy storage systems, according to documents submitted with the Arizona State Land Department. The property is located west of State Route 85, and about 13 miles south of Interstate 10. The site is going up for auction for a 30-year commercial lease on Aug. 18, with a $43,112,000 starting bid. To get such a project up and running, needed infrastructure improvements include upgrading existing roads and building new ones, along with installing solar panels, electrical equipment, a new substation and battery energy storage systems. That's expected to cost an estimated $740 million, according to documents Apex submitted with the ASLD. In 2021 Apex announced a majority ownership acquisition by funds managed by Ares Management Corporation, which will provide capital for Apex to self-fund the sponsor equity required to develop the project near Buckeye, and others like it elsewhere in the country. Apex may bring on additional equity partners to the project, according to its ASLD application. Apex site plan, development agreement still needs approval. In December 2024, the project, dubbed "Grande Verde Solar" received approvals for a major comprehensive plan amendment and zone change from Maricopa County. Apex still needs to get a plan of development with Maricopa County and a site plan approved from the city of Buckeye, according to an Apex spokesperson. The firm picked the site because it is a large swath of flat contiguous land, and because it has existing electrical infrastructure, proximity to a major load center and a supportive community, the spokesperson told the Business Journal. Apex is aiming to have the project operational by 2028. Nearby in Goodyear, a similar project is being proposed and is working through the city's approvals process. Arlington, Virgina-based AES is planning to develop a 550-megawatt solar plant with battery energy storage systems at a roughly 5,000-acre site in the far southern portion of Goodyear called Rainbow Valley. The Desert Rainbow Solar Project still needs city approvals, including a special use permit, which is currently going through staff review. It will then head to planning and zoning for approval and then finally to Goodyear City Council. Meanwhile, four new solar power projects south of Phoenix in Pinal County are working their way through various city and county approvals, the Business Journal reported earlier this month.
Consumer advocacy groups have filed a complaint with the Federal Energy Regulatory Commission seeking to block BlackRock's acquisition of AES, arguing the investment giant would control over 50% of the utility company. The Citizens Action Coalition of Indiana, Public Citizen, and the Private Equity Stakeholder Project contend this exceeds FERC's 20% limit for blanket authorisations. AES announced earlier this year it had agreed to be purchased by BlackRock, Swedish private equity firm EQT, and Qatar's sovereign wealth fund in a $33 billion deal expected to close in late 2026 or early 2027. AES Indiana services more than 500,000 retail customers in Indianapolis and surrounding areas. The advocates argue private equity control conflicts with the public interest in utilities.