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Chief Financial Officer

Working at CorPower Ocean you will be a part of a world class team, determined to make big impact. We are on a mission to bring reliable and competitive wave energy to the world and are considered one of the sector leaders. As CFO you will be a key player in making that impact by leading and delivering on CorPower’s financial and operational strategies.

Role  

As CFO you will oversee our financial strategy, operations and compliance during a time of ambitious growth and development. The CFO will ensure the highest standards of financial management and guide how the company manages revenues, investments, expenses and cash flow to achieve its goals across our operations in Sweden, the UK and Portugal. You should be an expert in operational and strategic finance, with deep knowledge and practical experience in accounting. We are seeking someone passionate about driving full range of activities in a tech startup, from managing high-level growth strategy to the most granular accounting and cost analysis of a complex industrial operation.

You'll be responsible for all finance and accounting functions of the group, including day-to-day financial reporting, working capital/cash management, financial controls and risk management for our parent company in Sweden and subsidiaries in the UK and Portugal. Financial monitoring and control are key parts of your role, defining and reporting on metrics tied to strategy, funding and project delivery in order to maximize the value of CorPower Ocean.

You are commercially minded, and you will be responsible for the financial forecasting. You should be well versed in fundraising strategies and closing external investment rounds. You are comfortable presenting in front of groups both large and small.

You will generate financial models and reports in order to accurately presenting our business case to investors, lenders and the board of directors. Together with the Commercial Director and project office you will perform financial analysis of customer projects, involving Cost-of-Energy models and discounted cash flow analysis for wave farms. You will be responsible for due diligence packages to investors and key customers.  

Financial reporting and compliance towards our funding entities such as the European Commission, the Swedish Energy Agency and InnoEnergy is a critical part of your work where project-based accounting systems are used for tracking activities, expenses and budgets over our project portfolio.

For collaborative projects, involving external partners, you’ll oversee our compliance function ensuring that both CorPower Ocean and our consortium partners implement and uphold our top standard financial policies and procedures.

You like taking a proactive approach to problem solving, and you thrive in a fast-paced start-up environment where each day brings a new and fresh challenge.

Responsibilities

  • Finance, accounting and compliance functions of the group
  • Budgeting and Financial forecasting of the group
  • Equity fundraising and long-term cultivating of relationship with investors
  • Creation of strategic partnerships to strengthen our business model
  • Development of business plans and compelling pitch decks
  • Identify and secure public funding opportunities   
  • Represent the organization in fundraising and industry events
  • Support the Finance and accounting manager in day-to-day finance operation

Qualifications:

  • Master’s or bachelor's degree in Finance or Accounting
  • Minimum of 10 years industrial experience
  • Experience in raising capital from angel investors, family offices, VC and PE communities
  • Excel at building relationships and public-facing communications
  • Strategic, entrepreneurial thinker capable of assessing markets, identifying areas of opportunity, creating business cases, selling cases to potential strategic partners and investors
  • Experience in a manufacturing, energy, cleantech, deep-tech environments is qualifying
  • Good knowledge in FAR’s and BFNAR accounting guidelines, with emphasis on K3 accounting for Swedish limited companies.
  • Group level accounting, with financial consolidation of international operations
  • Highly collaborative, able to and interested in interacting with employees at all levels
  • Experience from implementing and improving ERP systems is qualifying

As a person:

  • you are striving for excellence, put quality into everything you do
  • you are self-motivated and passionate about your work
  • you always search for the most simple and elegant solutions to difficult problems
  • you are persistent, knowing it takes stamina to reach ambitious goals
  • you are data driven and strive to always back your points with a solid analysis

Please submit questions and your application including CV and a personal letter to:

Hanna Nordqvist, hanna.nordqvist@corpowerocean.com  

Download job profile as pdf

Or, know someone who would be a perfect fit? Let them know!

Stockholm

Brinellvägen 23
114 28 Stockholm Directions

What's in it for you?

  • Our mission

    We are solving a challenge which no one has succeeded in doing to date, how to harness the vast power available from ocean waves. With growing global attention to the health of our Earth´s environment and challenge to significantly reduce carbon emissions, this mission is now more important than ever. We offer you the chance to join us and help us address this challenge by bringing our unique eco-friendly technology to the world. It does not get much better than that!

  • Your impact

    Each team member works with a high degree of autonomy and flexibility, combined with great personal responsibility. The technical challenges you will be part of solving are complex, cutting-edge and highly interesting. Entering the world of wave energy converter technology development with CPO gives you a unique chance to use, improve and hone your skills.

  • Fun!

    It's not all just hard work here at CPO. In reaching our goals we laugh, we care, we are a CPO-family that enjoy both solving challenges and hanging out with each other. During the journey to complete the dream of a better future there will be fun, laughter and tremendous sense of achievement - you don't want to miss it!

  • CPO benefits

    We also offer a competitive package including: long term incentive scheme, health & wellbeing support of 5 000 SEK/year (Friskvårdsbidrag), pension plan, health insurance, six weeks vacation and more....

Be part of something great


We are a dynamic, supportive, fun and a truly international team of more than 10 nationalities including industry experts, published innovators and experienced interdisciplinary engineers. 

CPO combine the best of world class knowledge from around the world with a true entrepeneurial spirit devoted to developing our new WEC technology.  

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