Director of Accounting, Tovala
Smart ovens and meal-kit delivery service
Open for applications
Smart ovens and meal-kit delivery service
101-200 employees
Open for applications
101-200 employees
Company mission
To make home cooking faster, healthier, and easier so people can focus on what's most important to them.
Role
Who you are
- CPA (required) with a deep understanding of GAAP and experience in revenue recognition
- 10+ years of accounting experience, including at least 5 years in a leadership role, with time spent in high-growth startups or rapidly scaling companies. Experience in manufacturing or subscription service companies is a plus
- Proven leadership experience, with a track record of managing, building and scaling highly effective accounting teams in dynamic environments
- Extensive knowledge of accounting software (experience with NetSuite preferred)
- Excellent communication skills, with the ability to simplify complex financial concepts for non-financial stakeholders
- High attention to detail, a proactive mindset, and the ability to thrive in a fast-paced, ever-changing environment
What the job involves
- As our Director of Accounting, you will be responsible for overseeing all aspects of the accounting function
- This position will report to the VP of Finance and will manage and coach a team of two full-time staff and a third party firm
- You will play a pivotal role in ensuring we accurately report financials, drive efficiencies in our accounting process, and be a key strategic partner as we scale
- Lead and Scale Accounting Operations: Manage and improve all aspects of the company’s accounting operations, including general ledger, reconciliations, accounts payable, payroll, and tax compliance
- Own Financial Reporting: Ensure timely, accurate monthly, quarterly, and annual financial closes in accordance with GAAP, ensuring clear and transparent reporting to the executive team and investors
- Support Strategic Growth: Collaborate with cross functional teams to determine best ways to handle changes to our business (e.g. new product introductions, new channels, new initiatives, pilots), what works well in our accounting system and doesn’t create unnecessary accounting complexities
- Oversee Annual Financial Audit in partnership with auditors
- Implement Financial Controls: Design and implement internal controls, policies, and procedures to ensure compliance, reduce risk, and optimize financial operations
- Leverage technology to drive accuracy and efficiency: Optimize our accounting processes by finding opportunities within our ERP and financial reporting. Take a leadership role in future integrations as we scale, ensuring systems are set up for long-term growth
- Team Leadership: Mentor and grow a high-performing accounting team, fostering a culture of accuracy, accountability, and collaboration
- Regulatory Compliance: Oversee and manage, in coordination with external tax professionals, all federal, state, and local taxes, including long-term tax planning
- Insurance coverage: Coordinate administration of insurance policies
Our take
Domestic meal kits are nothing new, with companies such as Hello Fresh, Sun Basket, and Blue Apron all crowding the increasingly popular industry. Tovala is a food-tech company attempting to disrupt this market, with a smart oven that eliminates the need for meal preparation.
Tovala offers customers both an oven and the option to sign up to a rotating weekly meal delivery service. Boasting a single minute of prep-time for adding the final touches, the system works by scanning the meal's QR code so that the oven can run the associated cook cycle. The oven also recognises over a thousand name-brand products, and has hundreds of presets for when users want to cook for themselves.
Despite competing with a pile of other meal-kit services, Tovala's clear stand-out feature is the oven, with nothing similar offered by competitors. The company is aiming to expand into new verticals, adding smart oven air fryers to its product line up in early 2023. The first new appliance from the company since 2018, this move is expected to attract new customers and help cement Tovala's market lead.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
2% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Feb 2021
$30m
SERIES C
Sep 2020
$3m
LATE VC
Total funding: $71.7m
Company benefits
- Ownership : Every full-time teammate receives a stock option grant
- Flexible PTO
- 401(K) with company match
- Hybrid work environment
- Learn & grow : Every teammate receives a yearly learning stipend they can utilize anytime
- Great company culture
- Free Tovala Smart Oven & discounted Tovala Meals
Company values
- Put the Team First -- We put what is best for the broader team ahead of what is best for ourselves or our immediate department
- Embrace the Obstacles -- We rise to meet challenges with a sense of urgency, resolve, and optimism
- Connect the Dots -- We engage with curiosity to learn how our work impacts others so that we can problem-solve holistically and work collaboratively
- Be Direct -- We share our perspective openly and directly, even when it feels difficult to do so
- Get S#!t Done (Well) -- We celebrate people at all levels for delivering high impact work that expands the bounds of what we’re able to do
- Champion the Customer -- We consider and prioritize our customer in all of our decisions
Company HQ
West Loop, Chicago, IL
Articles
Leadership
David Rabie
(CEO)They worked as an Associate at The Abernaathy MacGregor Group before working for VeggieGrill and Groovy Spoon for a combined 3 years. Co-founded Draftpedia in 2012 before founding Tovala in 2014.
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