Full-Time
Controller
Confirmed live in the last 24 hours
Veir
51-200 employees
Develops superconducting power transmission lines
Senior
Burlington, MA, USA
Position is onsite at VEIR’s headquarters in Woburn, MA.
- At least 8+ years of finance and accounting experience, with increasing levels of leadership and responsibility; experience in the energy sector or hardware/manufacturing industry a plus
- At least a bachelor's degree in accounting, Finance, or related field; CPA preferred
- Extensive knowledge of GAAP principles, financial reporting standards, and regulatory requirements
- Proven track record of developing and implementing internal controls and process improvements in a startup environment
- High level of integrity, discretion, professionalism, and attention to detail
- Strong analytical and logical skills, adept at interpreting complex financial data to inform strategic decisions
- Excellent oral, written, and interpersonal communication skills across all levels of staff and with external stakeholders
- Highly motivated, energetic, mature, and detail-oriented with a positive approach to problem solving
- Commitment 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
- Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements, in compliance with GAAP standards
- In collaboration with the CFO, Finance Manager and other team leaders, scope and implement inaugural company ERP system
- Drive auditor selection process and audit preparations
- Prepare internal processes and coordinate the annual audit process with external auditors
- Collaborate with tax advisors to ensure compliance with all tax laws
- Support the Finance Manager and CFO in clearly communicating financial performance and trends to C-Suite and Board of Directors
- Develop and implement internal controls process and risk management strategies
- In collaboration with the CFO, lead the Treasury function and capital investment initiatives
- Collaborate with the commercial and engineering teams to ensure troubleshoot and build scalable processes
- Provide strategic support to key business initiatives and investment
- Provide leadership, guidance, and mentorship to the finance team, fostering a culture of accountability, collaboration, and continuous improvement
VEIR focuses on enhancing the electric transmission industry through its superconducting power lines. These power lines utilize a unique cooling method involving distributed, evaporative liquid nitrogen, which allows them to transmit 5 to 10 times more power than traditional lines at the same voltage. This technology not only increases the capacity of existing transmission corridors but also reduces the space needed 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 transmission without requiring extensive new infrastructure, offering significant cost savings and supporting global carbon reduction efforts. The company's goal is to transform electric transmission by providing high-capacity, low-loss solutions that align with the clean energy movement.
Company Stage
Grant
Total Funding
$36.7M
Headquarters
Woburn, Massachusetts
Founded
2019
6 month growth
↑ 16%1 year growth
↑ 34%2 year growth
↑ 241%
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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