Controller, Ottimate
$120-160k
Offers annual bonus and equity, depending on qualifications
More information about location
AP automation AI software
Be an early applicant
AP automation AI software
201-500 employees
Be an early applicant
$120-160k
Offers annual bonus and equity, depending on qualifications
More information about location
201-500 employees
Company mission
To make life a little easier for anyone eager to spend less time on AP and more time growing their business.
Role
Who you are
- Must be interested in working for a “start up” high-growth, technology company in a fast-paced environment
- Education: Bachelor's degree in Accounting, Finance, or a related field. CPA or CMA certification is highly preferred
- ‘Can-Do’ Attitude: As a fast growing company, we wear many hats. A proactive and can-do attitude with a willingness to roll up your sleeves is critical
- Strong Intellectual Aptitude/Curiosity and Analytical Skills: Excellent business acumen and analytical/problem-solving skills, with the ability to identify trends, issues, and opportunities for improvement
- Prior Experience: Proven experience as a Controller, Asst. Controller, or similar role in a stand-alone company (not only at a divisional level). Prior experience running disciplined month and year-end close processes is a must. Preference given to those with prior experience in a SaaS or Fintech company with knowledge of industry-specific accounting standards and practices
- Accounting Knowledge: Strong knowledge of US GAAP and accounting principles. Experience with revenue recognition and SaaS metrics is desirable
- Attention to Detail: Detail-oriented with a high level of accuracy and strong organizational skills
- Communication: Exceptional communication skills, both written and verbal, with the ability to effectively collaborate with cross-functional teams and present financial information to non-finance stakeholders
- Audit Expertise: Experience conducting financial and other process audits
- ERP Implementation Experience: Experience in successfully implementing and optimizing Enterprise Resource Planning (ERP) systems a plus. Candidates with a track record of integrating ERP solutions into a SaaS business environment will be given preference
- California/West Coast residency is a plus but not necessary
What the job involves
- Ottimate is seeking a highly skilled Controller to join our accounting and finance team and report directly to our CFO
- As the Controller at Ottimate, you will play a critical role in overseeing all accounting operations, ensuring compliance with accounting principles, and providing accurate and timely financial reporting
- You will collaborate closely with various teams, including Accounting & Finance, Sales, Operations, and Senior Leadership, to drive strategic financial initiatives and support the company's growth objectives
- Financial Operations Oversight: Manage day-to-day financial operations, including accounts payable, accounts receivable, cash management, and general ledger activities
- Financial Statement Preparation: Manage and perform calculations and reconciliations for month-end close. Prepare timely and accurate financial statements, including balance sheets, income statements, and cash flow statements, and provide insightful analysis to support decision-making
- Compliance and Risk Management: Ensure adherence to accounting principles, financial regulations, and internal controls, and proactively identify and mitigate financial risks. Responsible for regulatory filings and compliance matters
- Risk Mitigation: Develop and implement risk mitigation strategies, including insurance coverage, to protect the company from financial uncertainties
- Audit and Tax Coordination: Coordinate and manage external audits, ensuring timely completion and compliance. Collaborate with external tax advisors to ensure accurate tax reporting and compliance
- Process Optimization: Continuously assess and enhance financial processes and internal controls to optimize efficiency. Identify opportunities for automation and implement scalable solutions
- Treasury/Cash Management: Monitor and optimize cash flow, including investments, financing, and treasury management, to ensure the company's liquidity and financial stability
- Financial Policy Development: Develop and maintain financial policies and procedures to ensure consistency, transparency, and compliance across the organization
- Vendor Management: Manage relationships with third-party vendors and partners whose services support the SaaS platform, including evaluating costs and service quality
Our take
Accounts payable is a cumbersome side of financial management for the hospitality and restaurant sectors. High volume of deliveries of variable frequencies and size, along with the substantial chance of damage to perishable items, means that keeping track of short-term credit to various sellers is a tricky business. With belts having been drastically tightened across the hospitality sector in recent years, labor-intensive paper invoicing and back-office administration no longer cuts the mustard.
Ottimate's (previously Plate IQ) solution is to effect digital transformation across B2B payments and accounts payable in the hospitality sector. The company’s VendorPay allows customers to make payments directly to over 200,000 vendors straight from their AP platform, thereby streamlining and resolving the late payments issue that’s been growing steadily in the sector over recent years.
Margins in the sector are famously tight, so even the most modest of operational improvements can make substantial gains for hospitality businesses. Indeed, over 30,000 restaurants, hotels and grocery chains across the US are using Ottimate’s platform, including leading brands such as Best Western, Holiday Inn and Foodtown.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
29% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Nov 2021
$160m
SERIES B
Mar 2017
$4m
SERIES A
Total funding: $164.5m
Company benefits
- Health & Retirement: We offer comprehensive medical, dental, vision coverage as well as a 401(k)
- Paid Time Off: We offer plenty of vacation and personal time off to give you the time to step away, unwind, and recharge
Company HQ
SoMa, San Francisco, CA
Leadership
Barrett Boston
(CEO)Previously CRO & Executive Officer for TriNet. Before that, they were the President of Americas with TravelClick and Vice President at IBM.
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