Canoo Technologies Inc.

Program Controller (LV) - Program Finance

ID
2021-1455
Category
Accounting/Finance
Type
Full Time
Location : Location
US-TX-Justin

About Canoo

About Canoo

 Canoo’s mission is to bring EVs to Everyone and build a world-class team to deploy this sustainable mobility revolution. We have developed breakthrough electric vehicles that are reinventing the automotive landscape with pioneering technologies, award-winning designs, and a unique business model that spans all owners in the full lifecycle of the vehicle. Canoo is starting production in 2022 and is distinguished by its pioneering and experienced team of technologists, engineers, and designers. With offices around the country, the company is scaling quickly and seeking candidates who love to challenge themselves, are motivated by purpose, and possess a strong desire to get things done.

 

The “Canoo Way”

 Canoo’s success is the direct result of our disciplined application of our core operating principles and drills, which are based on three main principles: Think 80/20 (“Important versus less important”), Act 30/30 (“Reduce waste and increase output”), and Live 90/10 (“We have each other’s back”). We hire based on “MET” - Mindset, Equipment and willingness to Train - and seek individuals that take accountability and deliver results while being Humble, Hungry to succeed, and Hunting for opportunities to win. We train our team to engage with each other by modulating between their intellect (iQ) and emotional intelligence (eQ), applying Facts, Finesse, and Force when they communicate. The principles and drills of the CANOO Way have been fundamental to our success, our ability to grow, continuously improve, innovate and are at the core of our day-to-day operations.

Overview

The Operations Controller is a key member of the Finance team, serving as a ‘business partner’ to the manufacturing team, and as the financial link to Canoo’s Contract Manufacturing partner.  You will serve as the source for all periodic and ad-hoc reporting on operations performance, CapEx investment, inventory management, direct labor cost, and indirect labor. Your work will be the basis for Canoo’s forecasts and future budgets, and they will be responsible for challenging their teams to improve performance through ongoing analysis of the risks and opportunities.

Responsibilities

  • Monthly Dashboard publishing financial metrics, including:
    • Full P&L statement 
    • Cash Flow Analysis 
  • Lead the periodic and program milestone financial reporting for assigned programs, including budget against actuals, and variance analysis for the specific departments or projects assigned 
  • Maintain program P&L and update program financial forecasts to provide current cashflow estimates 
  • Work with Cost Estimating, Engineering, Operations, and Supply Chain teams to maintain CBOM (Cost Bill of Material) accuracy to drive reporting 
  • Suggest actions the program team can take to improve key metrics while meeting their other goals and requirements 
  • Work within and outside Finance to ensure purchase requisitions are appropriately accounted for and documented before releasing funding 
  • Act as financial approver for engineering changes, sourcing nominations, and purchasing requisitions 
  • “Walk” results from one period to another, explaining and justifying changes in key metrics, as requested by leadership 
  • Full assessment of all potential risks and opportunities facing their assigned programs, from both external/market factors and internal decisions 
  • Control all spending on assigned programs by validating all requests for capital and operating expenditures are both in budget and producing a positive return 
  • Indirectly manage Cost Estimators, Buyers, and Operations personnel to ensure the accuracy and full understanding of the inputs needed to produce reporting and analysis 
  • Support FP&A activity as needed with ad-hoc analyses 
  • Attend Engineering Change Review Board and Purchasing Sourcing Council to control spend and ensure compliance with budget prior to approval 
  • Validate projected results against actual values from Accounting as needed 
  • Develop financial analysis to support program/portfolio optimization 
  • Drive “Make vs Buy” analyses for program teams 
  • Ability to facilitate remote work as needed, and perform work and attend meetings during the standard working day in California (Pacific) time 
  • Able to travel domestically up to 25% of working time 
  • Ability to relocate is preferred: remote work may be possible but candidates open to moving to Canoo facilities as needed will be considered more strongly 

Qualifications

  • Bachelor's degree in finance, accounting, economics, business, or engineering 
  • Experience in modeling or analysis in Excel, SQL databases, or similar tools 
  • Strong Excel familiarity 
  • Previous experience in Automotive or other manufacturing organizations 
  • Someone who is willing (and excited) to roll up their sleeves and dig through data, both agile enough to build Excel models from the ground up when needed and disciplined enough to strictly enforce existing processes 
  • A professional who is comfortable interacting with teammates of various backgrounds and levels of experience – from first-year analysts to senior executives, sales, engineering, legal, etc.  Soft skills for managing people outside their immediate team will be key 
  • A detail-oriented, data-driven bulldog who knows when to step back and assess the big picture and strategic elements of proposals 
  • An open-minded catalyst for change and improvement who is comfortable with a rapidly-changing environment 
  • Lead the periodic and program milestone financial reporting for assigned programs, including budget against actuals, and variance analysis for the specific departments or projects assigned 
  • Maintain program P&L and update program financial forecasts to provide current cashflow estimates 
  • Work with Cost Estimating, Engineering, Operations, and Supply Chain teams to maintain CBOM (Cost Bill of Material) accuracy to drive reporting 
  • Suggest actions the program team can take to improve key metrics while meeting their other goals and requirements 
  • Work within and outside Finance to ensure purchase requisitions are appropriately accounted for and documented before releasing funding 
  • Act as financial approver for engineering changes, sourcing nominations, and purchasing requisitions 

 

Preferred Experience  

  • Work experience within automotive corporate finance function 
  • Budgeting, forecasting, analysis, and reporting 
  • P&L Management 
  • Revenue – Pricing, Incentives 
  • Expense – BOM Cost, Logistics, Manufacturing Assembly 

What's Cool About Working Here...

  • Meaningful, challenging work that will redefine automotive landscape and make EVs available to everyone
  • Comprehensive Health Insurance
  • Equity Compensation
  • Flexible Paid Time Off
  • Casual workplace with an unbelievable feeling of energy

Canoo is an equal opportunity-affirmative action employer and considers all qualified applicants for employment based on business needs, job requirements and individual qualifications, without regard to race, color, religion, sex, age, disability, sexual orientation, gender identity or expression, marital status, past or present military service or any other status protected by the laws or regulations in the locations where we operate. We also consider qualified applicants with criminal histories consistent with applicable federal, state and local law.

 

Any unsolicited resumes or candidate profiles submitted in response to our job posting shall be considered the property of Canoo Inc. and its subsidiaries and are not subject to payment of referral or placement fees if any such candidate is later hired by Canoo unless you have a signed written agreement in place with us which covers the applicable job posting. 

 

Canoo cares deeply about the safety of all candidates who may be asked to participate in an in-person interview. While the company remains operational, some of our positions are remote, while others require working on-site. Canoo is following the Covid-19 protocols set forth by local state and federal governance and the CDC guidelines. Candidates who are vaccinated will be asked to provide a copy of proof of vaccination upon arrival for the interview. Candidates who are not vaccinated will be asked to provide proof of a negative Covid-19 test that is no less than 48 hours old. We ask that you practice hand hygiene, social distance, and wear face coverings to reduce the risks of exposure to Covid-19. We appreciate your cooperation with our safety protocols while you explore your future with Canoo!

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