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Los Angeles, California, United States
Source: Plug careers · View original posting
From Plug's posting. “We” and “our” refer to the employer.
Controller
Finance
Onsite - Sawtelle (Between Santa Monica & West LA)
Full-time, Salary, Exempt
VP, Finance
Plug is the marketplace for used electric vehicles. Consumers get an instant cash offer backed by battery-health data, and dealers across the US bid in real time on that inventory. Former Tesla executives founded Plug in 2023. We've facilitated $150M in EV sales and raised a $20M Series A led by Lightspeed Venture Partners.
Why Plug
You'll own a piece of the biggest infrastructure opportunity in automotive.
You'll work on a platform built exclusively for EVs, with nothing adapted from legacy automotive.
You'll be part of an AI-native company. We're rethinking how work gets done at a fundamental level.
You'll work directly with operators who have scaled multi-billion-dollar businesses in automotive, EV, and marketplaces.
You'll have real ownership, high autonomy, and a direct line to company outcomes.
Role Overview
Plug needs a Staff-level
Controller to build out our accounting function. We currently run QuickBooks Online with an outsourced accounting team. You'll own the close, run our first financial statement audit day-to-day, and move work from the outsourced team to in-house or automated processes. You'll report to the VP, Finance. This is an individual contributor role with no direct reports for now.
Our accounting is operational. We buy, consign, and auction vehicles. We hold consumer and lienholder funds while titles are clear. We run a dealer financing program through a subsidiary and report monthly to a lender. Each of those flows hits the ledger, and you'll ensure it's right.
Close and reporting: The monthly GAAP close across Plug Technologies and its dealer subsidiary, including intercompany and consolidation. You'll build the close calendar, reconciliations, and accounting policies. The VP, Finance approves policies.
Inventory and revenue: Owned and consigned vehicles, and revenue recognition under ASC 606. You'll write memos on whether Plug is principal or agent for each transaction type.
Funds in transit: The reconciliation process and controls for consumer payouts, lienholder payoffs, title and escrow balances, and dealer settlements. You'll automate the daily match and work the exceptions.
Lender reporting: Prepare the monthly borrowing base certificate, covenant calculations, and supporting schedules. The VP, Finance signs and owns the lender relationship.
Treasury and spend: Run AP (
Bill.com
), the corporate card program, and expense policy. Support daily cash positioning and the short-term forecast. The VP, Finance approves payments.
Audit and diligence: Run our first day-to-day audit and write technical accounting memos. Build the data room for Series B diligence. The VP, Finance owns relationships with the auditor and investors.
Tax and vendors: Work with outside providers on sales and use tax, 1099s, and entity filings. Direct the outsourced accounting team's close work, and take tasks back as you automate them.
Automation: Use AI and our data stack to automate reconciliations and close tasks, so the function scales more slowly than the business does.
Success at 12 Months
Close the books in 7 business days or fewer, with full reconciliations.
We're audit-ready, with a completed audit and a remediation plan for any findings.
Series B diligence ran off a data room you built.
Inventory, funds in transit, and lender reporting reconcile on a set cadence, with documented controls.
At least half of the outsourced work is in-house or automated.
Compensation
Annual salary: $140,000 to $180,000 plus equity
Salary ranges come from independent, third-party benchmarking against national compensation data. Where an offer falls within the range depends on relevant experience, specialized skills, training and qualifications, current business needs, and market conditions. We review ranges periodically and may adjust them as the market changes.
LAYIQ is an independent job-discovery service. This listing does not imply a partnership with or endorsement by the employer. Review the original posting for current details and availability.
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