Technical Accounting and Reporting Manager, Tonal
$120-160k
+ Equity
Electromagnetic home gym
Job no longer available
Electromagnetic home gym
201-500 employees
Job no longer available
$120-160k
+ Equity
201-500 employees
Company mission
To help people look, feel, and be the strongest and fittest versions of themselves.
Role
Who you are
- We are seeking a Technical Accounting and Reporting Manager with a strong technical accounting background to work with our Director, Assistant Controller and support the establishment and maintenance of financial controls over internal and external reporting
- This position requires deep expertise in US GAAP to ensure compliance and accuracy in our financial reporting
- Canadian/US CPA designation with Public accounting experience
- Knowledge of US GAAP
- Able to present information to various levels and communicate requirements
- Ability to manage several priorities at once, collaborate cross-functionally, and work under pressure to meet deadlines
- 5-6 years of relevant work experience in a fast-paced accounting function
- Experience with Netsuite and Tipalti is preferable
What the job involves
- The successful candidate will play a key role in improving internal controls, streamlining accounting processes, and providing technical guidance on complex accounting matters
- Work with the outsourced accounting team to supervise and perform company accounting functions
- Provide advanced technical accounting guidance and expertise related to US GAAP, ensuring compliance with all applicable accounting standards
- Assist in documentation and review of new transactions to ensure compliance with applicable US GAAP
- Assist in the preparation, review, and analysis of financial statements in accordance with US GAAP, ensuring accuracy, completeness, and timeliness. Support month-end, quarter-end, and year-end close processes
- Prepare journal entries and perform month-end tasks and reconciliations
- Review and reconcile material balances as part of period end reporting
- Review the booking of transactions, ensuring proper classification of charges, preparing month-end packages used for reviewing performance and ensuring balances are appropriate
- Generate meaningful flux analysis commentary based on input from operational groups and convey to the Finance organization as part of month-end reporting packages
- Design, implement, and evaluate internal controls over financial reporting to ensure the accuracy and reliability of financial statements. Recommend and oversee the implementation of control improvements
- Coordinate with external auditors during the annual audit process, providing the necessary documentation and ensuring compliance with financial reporting standards. Address audit findings and implement corrective actions as needed
- Assist with establishing accounting policies and procedures in line with industry best practices and US GAAP requirements. Regularly review policies for updates in response to changes in regulations or company needs
- Participate in other projects and other duties as needed
Our take
Tonal has created a proprietary digital weight system and combined this with coaching to offer a personalized and smart home gym. Its wall-mounted system uses electromagnetism to control the weights, replacing bulky and hard-to-store weightlifting equipment with a slim and sleek machine.
As well as selling the machines, Tonal sells subscriptions to personal training sessions and workout routines. The fitness landscape is shifting toward at-home equipment other similar equipment is supplied by Peloton and Mirror.
Tonal has seen impressive growth, investing equity funding into content initiatives, high-profile partnerships, scaling operations, and strong celebrity endorsements. It remains to be seen, however, if the current trend of home-workout equipment will stick around, let alone gain new momentum, but Tonal's cleverly designed equipment gives it an edge over competitors.
Steph
Company Specialist at Welcome to the Jungle
Insights
-38% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Apr 2023
$130m
LATE VC
Mar 2021
$250m
SERIES E
Total funding: $580m
Company benefits
- We look at the whole picture to give you a competitive salary, top-tier benefits, and lifestyle perks
- Working for Tonal includes a top-quality health care package, commuter benefits, support for new parents, and more
- Your well-being is important to us. Take time off when you need it with flexible vacation days
- Enjoy weekly catered team lunches at our San Francisco headquarters, plus a kitchen full of healthy (and not-so-healthy) snacks
- At Tonal we encourage a fun and inclusive atmosphere. We make the time to socialize at office happy hours, team offsites, and special company-wide events
- Fitness is our thing. Use Tonal in the office whenever it fits your schedule. Partner workouts are always welcome
- From day one you’ll get set up with your own personal laptop, headphones, standing desk, and whatever else you need to do your best work
- Treat yourself! When you’re part of Team Tonal you get discounts on everything from Gear Shop apparel to your very own Tonal
Company HQ
SoMa, San Francisco, CA
Leadership
Aly Orady
(CTO)They started their career at Hewlett-Packard’s Computer Systems Laboratory designing super-computers, followed by technical leadership roles at a series of startups, including Kealia, Inc. (now Sun/Oracle). Served as the company's CEO from 2015 before transitioning into their current role in April 2023.
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