Controller
North Kingstown, Rhode Island
Finance – Finance /
Full-time - On-site /
On-site
REGENT is building the seaglider; the first electric flying machine that will transport commercial passengers. With a vehicle that never flies higher than a few meters off the water, we unlock the ability to fly twice as far as an electric aircraft, and certification by maritime authorities which will let us fly first passengers by mid-decade.
We are backed by the world’s best investors: the same investors who are behind SpaceX, Anduril, and Boom Supersonic, in addition to strategic investors like Lockheed Martin, Japan Airlines, and Hawaiian Airlines. We have over $8B in orders from some of the industry’s largest operators and are hard at work getting our full-scale, human-carrying prototype on the water next year.
REGENT is hot off a $60M Series A and keeping a tight book of our exponentially growing transactions requires a seasoned professional to step in and own it. Working closely with REGENT leadership, you will help scale REGENT from today – with $95M raised, 60 people focused on prototyping, in a 30ksf facility – through the next phase of growth: raising hundreds of millions further to fuel growing to hundreds of people, opening sprawling manufacturing facilities, and successfully executing on global seaglider distribution and maintenance.
Maturing our accounting and AP processes is a top company priority with a line of sight to ever-larger defense contracts and fundraising rounds ahead. This position will initially report directly to the CEO and as REGENT brings on more industry-leading talent, this role will eventually report to the CFO, once hired.
Due to the importance of this role, the pace of life at REGENT, and the communication requirements among a diverse set of stakeholders on our team, we are looking for a candidate who is ready and excited to support full-time from our Rhode Island HQ, though transition timelines will be accommodated for the right candidate.
If you’re as motivated as we are to revolutionize coastal transportation and help REGENT bring a new and fully electric form of transportation to the world, then join our amazing team!
Roles & Responsibilities:
- Financial Management and Reporting: Oversee financial aspects of internal operations by coordinating with internal and external providers of payroll, benefits, recruitment, and other aspects of HR.
- Technology and Systems Improvement: Leverage technology to improve financial reporting and data analysis capabilities. Ensure that the finance department utilizes the most efficient and effective financial systems and tools. Select and implement an ERP system.
- AP Management: Take over ownership of REGENT’s AP system, including invoice and payment processing, vendor communication, audit support, and reporting. As REGENT grows, build out the AP team from the ground up.
- Budgeting and Forecasting: Monitor and analyze budget variances to identify trends and recommend corrective actions
- Cost Control and Efficiency: Implement effective cost control measures and seek opportunities for efficiency improvements in manufacturing processes to maximize profitability.
- Compliance and Regulation Adherence: Ensure compliance with financial regulations and standards specific to the aerospace industry. Stay updated with changes in laws and regulations that might affect the company's financial policies.
- Risk Management: Identify financial risks and develop strategies to mitigate them. This includes currency risks, credit risks, and market volatility.
- Internal Controls and Audit: Oversee the internal control systems to prevent and detect fraud. Coordinate with external auditors for the annual audit.
- Inventory and Asset Management: Oversee inventory control and asset management, ensuring accuracy and efficiency in tracking and valuation.
- Tax Planning and Management: Oversee tax planning strategies to optimize the company’s tax position while ensuring compliance with tax laws and regulations.
Required Qualifications and Skills:
- A passion for what we’re building here – including passions for maritime, aviation, sustainability, or travel/transportation
- Bachelor's degree in Accounting, Finance, or related field, plus Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designations
- 7+ years of experience in senior controller or accounting roles, with a proven track record of success
- Experience implementing and using multiple ERP systems
- Well-versed in all aspects of the role, including treasury and tax functions, control responsibilities, A/P and A/R, and fundraising
- Track record of success managing a hardware OEM, including financing manufacturing facilities and equipment, managing expense of work-in-progress products, make-buy analysis of key components and aftermarket maintenance activities, and structuring sales and warranty contracts
- Experience in U.S. Government program management, including performing cost control, analysis, and reporting functions in a U.S Government, multi-CLIN, DCAA audit-compliant contracting environment
- Experience selecting ERP systems to comply with U.S. Government program recording and reporting requirements
- Proven experience effectively translating and communicating financial details and results to executives and the board of directors
- Ability to build financial reports to drive insights into financial performance
- Proven experience leading an audit process and managing transactions
- Track record of success building out accounting team and building accounting function
Desired Skills & Qualifications:
- Experience managing financials of a vehicle production company/OEM (e.g.aircraft, boat, or automotive manufacturer)
Bonus Points:
- FAA pilot’s license or boating/sailing experience
Working at REGENT, you’ll be in a fast-paced environment with exciting new challenges daily and abundant growth opportunities. Your coworkers are passionate about building zero-emission, high-speed seagliders that will revolutionize coastal transportation. Our team works collaboratively and across disciplines to safely marry the latest technologies from Aviation, Aerospace, and Maritime engineering. REGENT offers competitive benefits including healthcare, dental, and vision plans as well as an employee equity incentive plan.
REGENT is committed to providing our employees with benefits to support their complete well-being, from excellent health, dental, and vision insurance, to an unlimited vacation policy.
Our Benefits & Perks include:
· 100% of annual premiums covered for healthcare, dental, and vision insurance
· Relocation packages offered
· HSA plans available
· Paid parental leave
· Employee equity incentive plan
· Free lunch catered daily
· Office amenities include snacks, drinks, and coffee and espresso bar
· Dog-friendly office
· Flexible hours and generous PTO
· Paid holidays, including company summer and winter breaks
· 401(k) plan
Equal Opportunity
REGENT is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national origin, gender, sexual orientation, gender identity, age, physical or mental disability, genetic factors, military/veteran status, or other characteristics protected by law.
