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Salary: USD 160,000 - 240,000 / annual
Efficient Computer is a fabless semiconductor company spun out of Carnegie Mellon University, developing energy-efficient general-purpose processors that use 100x less energy than state-of-the-art ultra-low-power processors. The company has taped out multiple test chips, received its first production chip from the foundry, and is preparing to ship to customers building industrial automation systems, wearables, and spacecraft. The company is well capitalized, backed by leading venture and strategic investors, and operating across Pittsburgh, Austin, and San Jose.
This is Efficient's first dedicated finance hire. You will own finance and accounting end-to-end, working with external partners where appropriate, and shape the function to support the company's scale ahead. You will report to the VP of Operations and work closely with the CEO and department heads across engineering, supply chain, and people operations, along with outside accountants, auditors, and counsel.
In your first few months, you will establish a predictable month-end close, develop a clear view of cash position and committed spend, and meet with every department head to understand their spending and budgets. By the end of year one, leadership should run the business off a forecast you own, department heads should own their budgets, controls and documentation should be audit-ready, and you should have a plan for finance at several times the company's current size.
You will own accounting, tax, and compliance: running the month-end close with outsourced bookkeepers, preparing books for taxes, managing external CPA relationships, owning the general ledger, revenue recognition, inventory and cost accounting as the company moves into production volume, and managing payroll, AP, AR, billing, collections, R&D tax credits, Section 174 treatment, sales tax, and multi-state obligations.
You will own planning, forecasting, and budgeting: the operating model, annual budget, and rolling forecast, building a departmental budgeting process with department heads, and delivering variance analysis that explains what numbers mean.
You will own cash and capital: forecasting cash and managing treasury in a business that commits large capital amounts well ahead of revenue, including tape-outs, wafer and substrate commitments, and test hardware; owning banking and insurance relationships; and supporting future financings, debt facilities, and associated diligence.
You will own systems, controls, and reporting: the finance systems roadmap, controls and approval flows, documentation, board and investor reporting alongside the VP of Operations and CEO, and equity administration and cap table work with counsel and outside partners.
REQUIREMENTS:
- 10+ years in finance and accounting, including ownership of both a close and a forecast
- Experience in a capital-intensive business (semiconductor or similar) where large commitments are made long before revenue and cash planning runs years out
- Time in a fast-moving startup, ideally as an early or first finance hire, with comfort operating without a finance team
- Track record of maturing a finance function: taking something scrappy and making it rigorous without slowing the company down
- Clear communication with non-accounting stakeholders (engineers, executives, board)
- Hands-on comfort; willingness to do the work, not just direct it
Bonus: CPA, semiconductor or hardware experience, having run a company's first audit, having implemented finance systems that outlasted your tenure, or having prepared a company for IPO or acquisition reporting rigor.
