Head of Finance

Hithium Energy Storage

  • Finance
  • Full time
  • 3 months ago
  • Fremont,CA
  • OnSite

Job Description

At HiTHIUM, we’re not just leading the energy sector; we’re revolutionizing it! Our cutting-edge innovations in BESS manufacturing are setting new standards for sustainability and efficiency. We believe in pushing boundaries, breaking molds, and redefining what’s possible. If you’re passionate about driving change and want to be part of a team that’s making a real impact, you’ve come to the right place. Join us and let’s power the future together!

We are seeking a skilled and motivated Finance Manager to join our team. In this role, you will be instrumental in overseeing key financial operations, ensuring compliance with accounting standards, and managing day-to-day financial activities. You will handle revenue recognition, accounts payable, and financial reporting, while also coordinating audits and implementing efficient accounting systems. Your expertise in tax planning, finance management, and insurance considerations will contribute to the overall financial health and strategic success of our organization. If you are a proactive problem-solver with a strong background in finance and accounting, we invite you to apply for this exciting opportunity.

Key Responsibilities:

Revenue Recognition:

  • Ensure compliance with GAAP for revenue recognition, including for goods billed but held for future delivery and long-term service agreements
  • Oversee the accurate and timely issuance of customer invoices and manage account reconciliations, addressing discrepancies as needed

Accounts Payable:

  • Direct the accounts payable process, including invoice approvals, payment scheduling, and maintaining strong vendor relationships

Accounting Systems:

  • Implement and manage an efficient ERP system to streamline accounting processes and improve operational efficiency

Audit Coordination:

  • Act as the liaison with internal and external auditors to ensure compliance with financial regulations
  • Prepare audit schedules and support documentation to facilitate smooth audits

Tax Planning:

  • Ensure accurate and timely filing of sales tax returns, staying updated on relevant regulations.
  • Develop and implement strategies for minimizing income tax liabilities, and prepare and review income tax returns
  • Manage transfer pricing policies and documentation to ensure compliance with international regulations

Finance Management:

  • Develop and enforce credit policies to manage customer credit risk and monitor credit limits and payment performance to prevent bad debt
  • Oversee the issuance and management of letters of credit to support international trade, including understanding key terms and finalizing letter language with customers
  • Monitor and manage cash flow to ensure adequate liquidity for operations, including forecasting cash flow needs and identifying potential shortfalls or surpluses

Insurance Management:

  • Evaluate and manage insurance policies related to pollution and cybersecurity, ensuring adequate coverage and compliance with regulatory requirements

Qualifications:

  • Experience in the energy, battery, renewables or related industry is REQUIRED
  • Extensive experience in finance and accounting management
  • Strong understanding of GAAP, tax regulations, and ERP systems
  • Proven track record of managing audits, tax planning, and finance functions
  • Excellent leadership, organizational, and communication skills

HiTHIUM manufactures top quality stationary energy storage products for leading large-scale energy project developers as well as commercial and industrial customers.

We’re driven by our dedication to quality because that’s what our customers, the energy transition, and future generations deserve. And we believe that the most effective way to achieve it isn’t business as usual.

Adopting clean energy and securing a livable planet call for new ways of building, innovating, and working.

HiTHIUM is an equal opportunity employer. We are committed to creating a diverse and inclusive environment for all employees and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or veteran status. All qualified applicants will receive consideration for employment without regard to these or any other characteristics protected by law.

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