Full-Time
Finance Manager
Fp&a
Confirmed live in the last 24 hours
Veir
51-200 employees
Develops superconducting power transmission lines
Senior
Burlington, MA, USA
Position is based at VEIR’s headquarters in Woburn, MA.
- You have at least five years of professional experience with increasing responsibility
- You are highly skilled in financial modeling and financial analysis, and you can leverage those skills to anticipate the business and finance needs that will drive successful company strategy
- You know how to align strategy with execution, and you have demonstrated success executing with strong attention to detail
- You are a creative and entrepreneurial minded professional that enjoys building new systems and processes
- You are driven by results - you gauge your success in measurable positive impact (not in how much you check off the to do list) and know how to ruthlessly prioritize
- You have excellent oral, written, and interpersonal communication skills across all levels of staff and with external stakeholders
- You thrive on effectively managing multiple projects with competing priorities that require making decisions under pressure and working under tight deadlines
- You are highly curious and solutions-oriented, and excel at deconstructing complex problems into manageable components to develop effective solutions
- You are highly motivated, self-starter who loves solving energetic, mature, and detail-oriented with a positive approach to problem solving
- You are committed to VEIR’s mission, goals, and core values
- Develop strong working relationships across the organization and quickly build trust and credibility with VEIR leadership and other critical internal stakeholders, including Commercial and Engineering
- Refine and manage the company corporate financial model to drive key business decisions
- Lead the annual budget process resulting in board approved 2025 corporate budget
- Work with the Controller and CFO to select and implement required software solutions (ERP, forecasting)
- Develop accurate and insightful financial forecasts for various scenarios, providing valuable insights to the leadership team
- Create and present key financial dashboards to the CEO and Board, clearly communicating financial performance and trends
- Identify capital strategy plan inclusive of equity and non-dilutive sources of capital
- In collaboration with the CFO and Head of Operations, develop and implement an inventory control process
- Implement cost control processes and margin improvement strategies
- Collaborate with the commercial and engineering teams to design, troubleshoot, and build scalable processes
- Provide strategic support to key business initiatives and investment
- Prepare for future due diligence processes during fundraising rounds, providing necessary information and documentation
VEIR specializes in superconducting power lines that enhance electric transmission capabilities. Their technology utilizes distributed, evaporative liquid nitrogen for cooling, allowing these lines to transmit 5 to 10 times more power than traditional lines at the same voltage. This innovation significantly increases the capacity of existing transmission corridors and reduces the need for new infrastructure. VEIR primarily targets utility companies and energy providers seeking to upgrade their systems to meet rising electricity demands while promoting decarbonization and grid resilience. Unlike competitors, VEIR's product minimizes energy loss and maximizes power delivery, providing a cost-effective solution for enhancing transmission capacity. The company's goal is to support the transition to sustainable energy by modernizing the electric grid and reducing carbon emissions.
Company Stage
Series A
Total Funding
$40.8M
Headquarters
Woburn, Massachusetts
Founded
2019
6 month growth
↑ 22%1 year growth
↑ 56%2 year growth
↑ 204%
Simplify's Take
What believers are saying
- Successful outdoor demonstration of VEIR's technology validates its potential to modernize the electric grid and increase access to renewable energy.
- The recent $24.9 million Series A-2 funding round from prominent investors like Breakthrough Energy Ventures and Congruent Ventures indicates strong financial backing and growth potential.
- VEIR's innovative approach aligns with global efforts to combat climate change, positioning the company as a key player in the clean energy transition.
What critics are saying
- The adoption of VEIR's technology may face regulatory and permitting challenges, potentially delaying deployment.
- The high initial costs associated with superconducting technology could be a barrier for some utility companies.
What makes Veir unique
- VEIR's use of distributed, evaporative liquid nitrogen cooling for superconducting power lines allows for 5-10 times more power transmission than conventional lines, a significant technological edge.
- The company's focus on enhancing existing transmission corridors minimizes the need for new infrastructure, offering a cost-effective and environmentally friendly solution.
- VEIR's ability to transmit high power with negligible losses provides a compelling value proposition for utility companies aiming for decarbonization and grid resilience.
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