Corporate Controller, Ottimate

$120-160k

Offers annual bonus and equity, depending on qualifications

Senior and Expert level

Remote from US

More information about location

Accounts payable automation

Open for applications

Accounts payable automation

201-500 employees

HospitalityB2BArtificial IntelligencePaymentsSaaSAccountingAutomation

Open for applications

$120-160k

Offers annual bonus and equity, depending on qualifications

Senior and Expert level

Remote from US

More information about location

201-500 employees

HospitalityB2BArtificial IntelligencePaymentsSaaSAccountingAutomation

Company mission

To make life a little easier for anyone eager to spend less time on AP and more time growing their business.

Job

Company

Role

What the job involves

Reports to: Chief Financial Officer
Works closely with: FP&A, Billing, Payments, HR, and Senior Leadership
The Corporate Controller owns Ottimate's accounting operations, delivering accurate, timely, and audit-ready financial statements while building the controls, processes, and systems required for a company preparing for its next stage of growth. You will partner closely with FP&A, Payments, and Senior Leadership to provide insight that supports decision-making
Accounting & Close: Own day-to-day accounting operations, including the general ledger, accounts payable, accounts receivable, cash management, and payroll accounting. Run a disciplined month-end close and deliver accurate, timely financial statements with insightful analysis
Audit & Tax: Serve as the primary liaison with external auditors and tax advisors. Drive timely completion of the annual GAAP audit, 401(k) audit, and related compliance, including ASC 606 revenue recognition, capitalized software, and stock compensation (ASC 718 / 409A)
Payments & Transaction Revenue: Own the monthly reconciliation of payment-partner activity to internal data and bank records, including interchange, rebates, and restricted cash, and ensure transaction revenue is properly recognized
Controls, Policy & Compliance: Build and maintain internal controls and financial policies (delegation of authority, spend and card policy, balance sheet reconciliation, chart of accounts). Oversee entity compliance, state registrations, registered agents, and insurance renewals
Treasury: Manage near-term cash flow forecasting, banking relationships, and intercompany funding across multiple entities
Exit Readiness: Maintain an audit-ready, diligence-ready finance function: data room, quality-of-earnings support, EBITDA adjustment schedules, and documentation that will stand up to buyer scrutiny
Automation & AI: Continuously improve processes; identify and implement automation and AI tools to reduce manual work, add value and insights to the business, and shorten the close
Team Leadership: Lead and develop the accounting team with an eye toward building leverage and growth paths
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 volumes of deliveries, along with the chance of damage to perishable items, means that keeping track of short-term credit to various sellers is a tricky business.

Ottimate's 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, streamlining and resolving the late payments issue that’s been growing steadily in the sector.

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

Top investors

29% employee growth in 12 months

Glassdoor (3.5)

Company

Funding (last 2 of 4 rounds)

Nov 2021

$160m

SERIES B

Mar 2017

$4m

SERIES A

Total funding: $164.7m

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 and Executive Officer for TriNet. Before that, they were the President of Americas with TravelClick and Vice President at IBM.

Share this job

View 5 more jobs at Ottimate