Head of Finance

About us

Monava turn sound into intelligent action on the battlefield. Our patented technology replaces radar with microphones to detect flying drones: passive and undetectable, energy-efficient and cost-effective.

We are a highly motivated team of 16+ FTEs spread across Gothenburg, Stockholm, Helsinki and Kyiv, wich is now entering a unique growth phase we have a revenue from paying customers of above EUR 4M, are well funded and have systems live on the battlefield today where it matters.

The role

As Head of Finance you own the financial agenda end-to-end. This is our first dedicated finance hire, and you will build the function from the ground up: planning and forecasting, cash and working capital, business modelling, and the reporting that the management team, the board and our investors run the company on.

You work closely with the CEO and are the finance counterpart to the board. The role is deliberately broad and hands-on: one week you build the operating model for a new market, the next you are securing payment terms in a framework agreement and preparing the board pack. Accounting, tax and payroll are outsourced, so your time goes into forward-looking finance rather than bookkeeping - but you own the relationship and the quality of what comes out of it. The same applies to legal and HR, which you drive together with the CEO through external expertise.

Our customers work with long decision processes and contracts that pay out over time, while we scale the team and the business at pace. Balancing growth speed against cash is at the core of the role.

The position is based in Gothenburg.

Your responsibilities

Own the budget process, rolling forecasts and the long-term financial plan

Build and maintain the financial model: revenue, headcount, hardware costs, unit economics and scenarios

Define the KPI framework and run the monthly business review

Own cash forecasting and runway management

Drive working capital: contract payment terms, invoicing discipline, supplier terms and inventory

Own banking relationships, currency exposure and treasury

Secure non-dilutive funding such as grants and public R&D programmes

Build the commercial models: pricing, licensing, cost-to-serve and margin structure

Develop business cases for new products, segments and markets

Support the CEO in strategic initiatives, negotiations and larger tenders

Produce board material and monthly and quarterly reporting, and present to the board

Drive financing rounds with the CEO: materials, model, data room and due diligence

Own investor reporting, the cap table and relationships with auditors and banks

Own the external accounting partner relationship and ensure timely closings and a smooth annual audit

Build scalable internal controls, processes and system support

With the CEO, own legal and compliance - policies & governance through external counsel

With the CEO, own HR administration: employment terms, payroll, benefits, warrant programme

We are looking for you who

You are commercially minded, structured and comfortable making decisions on incomplete information. You combine hands-on execution with strategic thinking, and you are equally at home in the model and in the room where the decision is made. The role requires independence, high integrity and the ability to build long-term trust with the board, investors and external partners.

Your background

Degree in finance, economics, business administration, engineering or similar

At least 5 years of relevant experience from management consulting, transaction services, a startup or scale-up, or another financial leadership role

Proven ability to build and own complex financial models, and to manage cash and working capital in a growth environment

Experience of board reporting and of working with investors and external partners

Understanding of Swedish accounting, tax and corporate law, and experience of working with external accounting partners and auditors

An AI-first mindset - you use modern tools to automate and sharpen the finance function rather than adding manual work

Very good Swedish and English, spoken and written

Meriting

Experience from defence, dual-use, or another security-critical industry with large deals and complex decision processes

Experience from companies with a hardware component and a physical supply chain

Experience of completed financing rounds, grant funding or public research and development programmes

Experience of building a finance function from scratch, including system and ERP implementation

Experience of international operations and subsidiaries

The position is security classified and approved security clearance under the Swedish Protective Security Act is required.

What we offer

A key role in a fast-growing company where you build the finance function from the ground up. With us you will:

Work with technology of direct relevance to national defence capability

Take significant ownership of the company's financial agenda, from daily cash to the board table

Work in an organisation with short decision paths and real influence on our long-term position

Compensation is fixed, and for the right candidate there is the opportunity to participate in the upcoming option programme.

Apply today and become part of the commercial backbone of a European defence company in an early scaling phase.