Director of Finance at Picogrid

El Segundo, California, United States

Picogrid Logo
$170,000 – $220,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
YesVisa
Defense Technology, BiotechnologyIndustries

Requirements

Candidates should have at least 7 years of experience in finance leadership roles, preferably at venture-backed startups or high-growth companies. A strong familiarity with government contracts, pricing, and cost accounting standards is essential, along with a deep understanding of financial planning, budgeting, forecasting, accounting, and reporting. The ability to develop and execute strategic financial plans in a fast-paced startup environment, including working with cross-functional stakeholders to develop pricing models and strategies, is required. Strong leadership, communication, and stakeholder management skills are necessary, as is knowledge of GAAP and financial reporting for audit. Excellent communication skills and the ability to distill financial information for executive and technical audiences are also crucial, along with a proven ability to build scalable financial systems and processes. Preferred qualifications include CPA, CFA, or MBA in Finance, Accounting, or a related field, experience in defense technology, aerospace, or adjacent industries, and experience scaling financial operations at a venture-backed company through Series C. Experience with defense-specific accounting and compliance frameworks such as CAS and DFARS is also preferred.

Responsibilities

The Director of Finance will lead all financial functions, including accounting, FP&A, budgeting, reporting, audit, and tax. They will develop financial forecasts, operational KPIs, and dashboards to guide strategic decisions. Responsibilities include managing treasury, cash flow, and working capital to ensure the company's financial stability. The Director will partner with leadership on capital allocation, pricing models, and growth strategies. They will establish and maintain internal controls, processes, and systems to support scalability and compliance. This role oversees defense-specific financial matters, including contract structuring, revenue recognition, and regulatory compliance (e.g., FAR, DFARS). Additionally, the Director will support board-level financial reporting and investor communications, and build and manage relationships with external partners, including banks, auditors, and legal counsel.

Skills

Financial Planning & Analysis (FP&A)
Budgeting
Forecasting
Accounting
Reporting
Treasury
Compliance
Contract Management
Pricing
Cost Control
Risk Management

Picogrid

Develops autonomous systems for defense technology

About Picogrid

Picogrid develops a unified platform for autonomous systems that integrates various defense technologies, including sensors, drones, and command interfaces. This platform allows for remote control and coordination of these systems, creating a more cohesive defense operation. The company primarily serves military clients, such as the U.S. Army and the Ukrainian Ministry of Defense, and generates revenue through federal contracts, including a significant $1 billion contract with the Pentagon and a $950 million contract for its Lander sensor platform. Picogrid differentiates itself by focusing on creating an open ecosystem for defense technology suppliers, which enhances collaboration and efficiency in military operations. The company's goal is to improve defense capabilities while expanding its manufacturing operations, with a new factory set to open in 2025 to support job creation and local economies.

El Segundo, CaliforniaHeadquarters
2020Year Founded
$11.7MTotal Funding
SEEDCompany Stage
Industrial & Manufacturing, DefenseIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Remote Work Options
Stock Options
Professional Development Budget
Home Office Stipend

Risks

Emerging startups like Anduril Industries threaten Picogrid's market share.
Reliance on federal contracts risks revenue if government spending shifts.
Potential delays in new factory construction could impact production and contracts.

Differentiation

Picogrid offers a unified platform for fragmented defense systems.
The company has secured significant federal contracts, including a $1B IDIQ from the Pentagon.
Picogrid's technology is approved for AWS GovCloud, ensuring secure data handling.

Upsides

Increased demand for autonomous systems boosts Picogrid's market potential.
Rising investment in defense tech startups supports Picogrid's growth.
Collaboration with European firms opens new market opportunities for Picogrid.

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