Director, Finance & Accounting

Director, Finance & Accounting

Parallel Systems is pioneering autonomous battery-electric rail vehicles designed to transform freight transportation by shifting portions of the $900 billion U.S. trucking industry onto rail. Our innovative technology offers cleaner, safer, and more efficient logistics solutions. Join our dynamic team and help shape a smarter, greener future for global freight.

Director, Finance & Accounting

Reporting to the CEO, the Director of Finance is responsible for owning all aspects of financial operations at Parallel. You will manage FP&A, oversee accounting operations, and prepare the company for financial audits. You will also function as the key interface with banks, insurance brokers, and stock-based compensation platforms. The ideal candidate will be experienced in creating workflows and introducing new financial tools. This is a role at an early-stage technology company and we're looking for a trusted partner that works well in uncertainty and can help build our organization. The role is based on site in Los Angeles, CA.

Responsibilities :

• Manage all accounting operations including accounts payable, receivables, payroll, and taxes.
• Lead the company financial planning and analysis and own the company's long-term financial model, ensuring it can withstand investor and lender scrutiny.
• Model cash flow scenarios and financials to establish capital needs.
• Manage tools and processes for expense management, billing, and accounting.
• Coordinate the preparation of annual, and monthly financial reports
• Develop KPIs to monitor operational and financial performance of the company.
• Conduct audits of company expenditures, liabilities, and assets.
• Drive audit process in timely and efficient manner. Partner with executive team to raise capital.
• Partner with the CEO to raise capital, including building investor materials, supporting fundraising diligence, and attending investor meetings.
• Support the Company's Board of Directors with financial projections and analysis
• Secure and manage federal and state grants
• Acquire and maintain compliance with debt opportunities.
• Build relationships with banking institutions, venture capital, and government organizations.
• Ensure company compliance with tax laws.
• Manage financial risks and opportunities.
• Prepare invoices for customers and government agencies in compliance with federal regulations.
• Serve as a thought partner across the business, diving into technical program assumptions to ensure the financial model reflects the company's operating reality.

What Success Looks Like :

Basic Qualifications :

Preferred Qualifications :

Target Salary Range : $150,000 - $180,000 USD

Parallel Systems is an equal opportunity employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to any discriminatory factor protected by applicable federal, state or local laws. We work to build an inclusive environment in which all people can come to do their best work. Parallel Systems is committed to the full inclusion of all qualified individuals. As part of this commitment, Parallel Systems will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and / or to receive other benefits and privileges of employment, please contact your recruiter.