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Full-Time

Sr. Accountant

Posted on 6/20/2024

South 8 Technologies

South 8 Technologies

11-50 employees

Develops advanced lithium-ion battery technology

Automotive & Transportation
Energy
Aerospace

Compensation Overview

$110k - $130kAnnually

+ Health Benefits + 401k + Company Stock Options

Senior, Expert

San Diego, CA, USA

Bay Park area of San Diego, CA

Category
Financial Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree in accounting, finance, or related field; CPA certification strongly preferred.
  • 8+ years of accounting experience, in a manufacturing environment preferred.
  • Strong technical accounting skills and knowledge of GAAP.
  • Demonstrated experience managing month-end close processes and financial reporting.
  • Excellent analytical and problem-solving skills, with the ability to interpret financial data and provide actionable insights.
  • Highly organized and detail-oriented, with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
  • Proficiency in Microsoft Excel and detailed experience with current ERP systems.
  • Entrepreneurial mindset with a willingness to roll up sleeves and contribute to the overall success of the company.
  • Experience with financial planning and analysis.
Responsibilities
  • Perform general accounting responsibilities including Sales Order/Invoicing, Accounts Receivable, Accounts Payable, and Expense Report Processing.
  • Ensure vendor invoices are processed in accordance with authorization and approval policies.
  • Maintain daily, weekly, and monthly cash projections.
  • Prepare journal entries for payroll, depreciation, accruals and other necessary adjustments and compliance.
  • Close the general ledger accurately and on time.
  • Prepare the balance sheet, income statement and cash flow statement.
  • Analyze variances from the budget and identify significant issues/risks.
  • Prepare Balance Sheet workpapers and resolve discrepancies.
  • Analyze financial data and provide forecasting support. Organize data into reports and perform analysis for key metrics.
  • Process expense reports and analyze expenses to evaluate compliance with policy.
  • Coordinate and assist in the creation of the annual budget.
  • Maintain and enforce a documented system of accounting policies and procedures.
  • Coordinate and provide information to external auditors for annual audits.
  • Comply with local, state, and federal government reporting requirements and tax filings.
  • Prepare financial documents as needed for fundraising efforts.
  • Other additional responsibilities as assigned.

South 8 Technologies enhances lithium-ion (Li-ion) battery performance and safety with its Liquified Gas Electrolyte (LiGas), which allows batteries to operate in extreme conditions like extreme temperatures and underwater. This technology reduces fire risks and expands the operational range of Li-ion batteries. The company serves industries such as automotive, aerospace, and underwater exploration, and generates revenue by licensing its technology to battery manufacturers. South 8 Technologies aims to provide reliable battery solutions for challenging environments.

Company Stage

Series A

Total Funding

$17.3M

Headquarters

San Diego, California

Founded

2015

Growth & Insights
Headcount

6 month growth

14%

1 year growth

60%

2 year growth

108%
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Simplify's Take

What believers are saying

  • The potential to slash battery costs by 30% could make South 8 Technologies a game-changer in the EV and energy storage markets.
  • Collaborations with the U.S. Army and NanoGraf could lead to lucrative defense contracts and further technological advancements.
  • Investment from industry giants like Porsche and Lockheed Martin Ventures provides strong financial backing and market validation.

What critics are saying

  • The technology is still in the development phase, and any delays or failures in commercialization could impact the company's growth prospects.
  • Dependence on strategic partnerships means that any fallout or disagreement could significantly affect their business operations.

What makes South 8 Technologies unique

  • South 8 Technologies' use of a pressurized, liquified gas electrolyte in lithium-ion batteries offers superior cold-weather performance, unlike traditional liquid electrolytes that freeze at higher temperatures.
  • Their technology promises to reduce the cost of lithium-ion batteries by 30%, a significant competitive advantage in the EV market.
  • Strategic partnerships with high-profile entities like Porsche Ventures, Lockheed Martin Ventures, and the U.S. Army highlight their credibility and innovative edge.

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