Sober Steering is a startup located in Waterloo, near the University of Waterloo. We are a hardware and software company that develops technology to prevent drunk driving. We have developed the world’s first and only transdermal alcohol interlock, and are now pioneering a wearable alcohol sensor that integrates into the vehicle to prevent drunk driving. We currently have three products in development, each of which incorporates sensor technology, IoT communication and automotive integration.
Sensors are our heart, automotive electronics are our platform, meaningful wearable technology is our new challenge, and putting an end to drunk driving is our passion.
Reporting to the COO and Chairman, the controller will directs, plan, control and coordinate the overall financial activities of Sober Steering, and will directly manage Corporate Finance, Treasury and Cash Management, Tax and Regulatory Compliance, Accounting & Reporting, Information Systems, Planning, Forecasting, Budgeting, Credit and Collection, as well as Administration and Human Resource related work, as required. The controller will be instrumental in the process of providing financial information and guidance to the COO and Chairman of the Board of Directors.
- As a true business partner to the COO, assess organizational performance against both the annual budget and company’s long-term strategy.
- Develop tools and systems to provide critical financial and operational information to the COO and make actionable recommendations on both strategy and operations.
- Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants.
- Oversee long-term budgetary planning and costs.
2. Executive Management
- Serve as a member of executive leadership team
- Participate in key decisions pertaining to strategic initiatives, operating model and operational execution
3. Finance, Planning and Analysis
- Develop and maintain budgets for Income Statements, Balance Sheet, Cash Flows and Capital
- Prepare and monitor regular financial reports; Monthly profit and loss vs. budget; Weekly 13 week cash flow forecast.
- Complete analysis of financial results; Develop recommendations (strategic and tactical). Participate in their implementation.
- Assist in development of financial planning and analysis exercises/reports.
5. Planning, Policy, and Investor Relations
- Develop financial business plans and forecasts.
- Participate in corporate policy development as a member of the senior management team.
- Remain up to date on audit best practices and provincial and federal law
- Participate in calls with Shareholders.
6. Accounting and Administration
- Oversee the accounting to ensure proper maintenance of all accounting systems and function
- Ensure maintenance of appropriate internal controls and financial procedures.
- Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal, provincial and private funders, and company Board of Directors; oversee the preparation and communication of monthly and annual financial statements.
- Coordinate audits and proper filing of tax returns.
- Ensure legal and regulatory compliance regarding all financial functions
7. Accounting Activities
- Oversee preparation of month-end, quarter-end and year-end financial statements along with some hands on preparation.
- Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation
- Enhance and implement financial and accounting systems, processes, tools and control systems
- Develop and manage any accounting and bookkeeping staff in the future
- Serve as a key point of contact for external auditors; Manage preparation and support of all external audits
8. Cash Management
- Oversee weekly cash management; Approve weekly payables; Execute check signing
- Oversee AR management and provide support to collections activities
- Manage the company’s insurance programs
- A minimum of a BS; a CA and/or MBA would be a plus.
- At least five years experience as controller or equivalent, preferably in an organization with a budget of at least $5 million
- Experience working with information technology staff to manage finance and accounting software packages.
- Excellent written and oral communication skills.
- Demonstrated leadership ability, team management, and interpersonal skills.
- Excellent analytical and abstract reasoning skills, plus excellent organization skills.
- Significant experience in or knowledge of grant accounting, compliance, and reporting.