CFO

Microvast

Full-time - Executive

Electrical Equipment, Appliance, and Component Manufacturing

About the position

The Chief Financial Officer (CFO) at Microvast, Inc. will play a pivotal role in managing and leading the financial initiatives of the company. This position requires a strategic leader who will oversee the Finance department, which includes Project Finance, Financial Planning & Analysis (FP&A), and Administrative Accounting functions. The CFO will be responsible for managing the company's approach to raising capital and investor relations, serving as a key member of the Executive Team. This role encompasses all aspects of structured finance, cost control management, financial planning, cash management, tax and accounting, risk management, and financial reporting functions. The successful candidate will interact with the Board of Directors and will be a highly visible leader within a growing organization. The CFO will need to have a strong working knowledge of capital raising, particularly in energy finance, construction finance, and asset management economics. This individual will work closely with the CEO to develop and execute strategies that align with the organization's long-term growth goals. The role requires a proactive approach to developing trust with internal and external stakeholders, ensuring honest and fair communication throughout the organization. In addition to financial strategy and planning, the CFO will ensure compliance with regulatory requirements and accounting standards, oversee financial reporting, manage relationships with external auditors and tax advisors, and lead fundraising initiatives to secure capital for expansion. The CFO will also be responsible for building and leading a high-performing finance team, fostering a culture of collaboration and continuous improvement within the finance organization.

Responsibilities

• Develop and implement financial strategies aligned with the company's objectives and long-term goals.
• Provide financial analysis, forecasting, and guidance to support strategic decision-making processes.
• Drive financial planning, budgeting, and reporting processes.
• Analyze data and create financial models.
• Develop plans for growth to increase company profit while also reducing expenditures.
• Ensure accurate and timely financial reporting in compliance with regulatory requirements and accounting standards.
• Oversee the preparation of financial statements, including balance sheets, income statements, and cash flow statements.
• Manage cash flow planning and management.
• Manage relationships with external auditors, tax advisors, and regulatory agencies.
• Ensure appropriate setup for cost control for operations and production.
• Identify and assess financial risks and opportunities and develop strategies to mitigate risks and capitalize on opportunities.
• Establish and maintain internal controls to safeguard company assets and ensure compliance with financial regulations.
• Lead fundraising initiatives to secure capital for expansion through debt and equity raise activities.
• Cultivate relationships with investors and financial institutions to drive the Company's financial success.
• Manage capital structure, including debt and equity financing, to optimize the company's cost of capital.
• Evaluate investment opportunities and provide financial analysis to support capital allocation decisions.
• Communicate the company's financial performance, strategy, and outlook to investors through earnings releases, conference calls, and presentations.
• Collaborate with the company's legal and governance teams to ensure adherence to best practices in corporate governance and transparency.
• Build and lead a high-performing finance team, providing mentorship, guidance, and professional development opportunities.
• Foster a culture of collaboration, accountability, and continuous improvement within the finance organization.

Requirements

• Master's degree in Finance, Accounting, and CPA is required.
• MBA or CFA is highly desirable.
• 15+ years of successful experience as a senior level executive; minimum 8 years of public company experience.
• 10+ years in a progressively responsible financial and operational leadership role, preferably in the manufacturing and/or energy sector.
• Experience in energy financing, including tax equity, back leverage, and project finance is preferred.
• Ability to impact and collaboratively lead a diverse stakeholder group ranging from executive leaders to internal teams, partners, vendors, and customers.
• Adept at building strong relationships and partnering with the current executive team.
• Demonstrated ability to lead and develop high-performing teams in a fast-paced, dynamic environment.
• Initiative, persistence, an entrepreneurial spirit, and energy with the desire to be part of a fast-growth startup environment.
• Outstanding interpersonal, communication, and presentation skills with the ability to communicate solution value propositions to the executive team and the wider organization.
• Prior experience with M&A business transactions and post-acquisition integration is highly desirable.
• Start-up experience required, including early to mid-stage funding strategy and option analysis, and strong understanding of structuring term sheets/agreements across a variety of financing vehicles.
• Knowledge of SEC reporting requirements is required, specifically with filings of 10Q, 10K, etc.
• Experience with financial software such as QuickBooks, SAP, etc.
• Strong work ethic.

Nice-to-haves

• Experience in the energy sector is a plus.
• Familiarity with advanced financial modeling techniques.
• Proven track record in managing investor relations effectively.

Benefits

• Competitive salary and performance bonuses.
• Comprehensive health insurance coverage.
• 401(k) retirement plan with company matching contributions.
• Flexible working hours and remote work options.
• Professional development opportunities and tuition reimbursement.