Chief Accounting Officer, Evolv Technology
$250-330k
+ Bonus + Equity
Office located in Waltham, MA
AI-driven security screening & weapon detection
Job no longer available
AI-driven security screening & weapon detection
201-500 employees
Job no longer available
$250-330k
+ Bonus + Equity
Office located in Waltham, MA
201-500 employees
Company mission
Evolv Technology's mission is to make the world a safer place for people to gather.
Role
Who you are
- Bachelor’s degree in Accounting
- Preferred certifications: CPA (Certified Public Accountant)
- Extensive experience in public company accounting and finance roles, including at least five years in a senior leadership position
- Big Four public accounting experience is a plus
What the job involves
- Evolv is seeking a Chief Accounting Officer (CAO) to lead our accounting and reporting functions, establish robust financial controls, and ensure compliance with U.S. GAAP and SEC regulations
- In this role, you will be pivotal in optimizing our accounting processes, building a strong financial reporting foundation, and guiding the company through the next phase of growth
- In the first 30 days, you will:
- Gain a deep understanding of Evolv’s business model, including the manufacturing processes, sales, and inventory workflows
- Build strong relationships with cross-functional teams, including internal audit, finance, and operations
- Assess the current control environment, including the status of SOX 404(b) implementation
- Familiarize yourself with the company’s financial reporting framework and accounting complexities
- Within 3 months, you will:
- Lead the optimization of COGS (Cost of Goods Sold) management, ensuring compliance with accounting standards and accuracy in reporting
- Oversee internal controls as the key owner, ensuring compliance and operational efficiency
- Take full ownership of the accounting team, including oversight of revenue recognition, accounts receivable, payroll, accounts payable, expense management, cash flow, and tax
- Drive enhancements to the monthly close calendar, reducing time while improving accuracy
- Support and review quarterly and annual SEC reporting, including disclosures related to inventory and COGS
- By the end of the first year, you will:
- Achieve mastery of Evolv’s internal controls and financial processes, eliminating material weaknesses
- Play a critical role in securing a clean audit opinion from external auditors
- Identify and proactively address accounting risks, particularly those related to revenue recognition, inventory, manufacturing, and COGS
- Streamline the financial close process and improve reporting accuracy
- Build and optimize the accounting team, adding resources as needed to scale with the company’s growth
- Serve as a trusted advisor to senior leadership, highlighting accounting risks and offering innovative solutions
- Lead the application of U.S. GAAP to Evolv’s accounting processes, with expertise in ASC 606 and ASC 842
- Own accounting for inventory and manufacturing processes, implementing best practices in NetSuite and other tools
- Research and resolve complex accounting issues, documenting conclusions in comprehensive memos
- Ensure compliance with SOX 404(b) by designing, implementing, and monitoring effective internal controls
- Drive Evolv’s restatement efforts, ensuring high-quality financial reporting and regulatory compliance
- Oversee accurate and timely SEC reporting, including 10-Qs and 10-Ks, with a focus on preventing restatements
- Collaborate on disclosures related to revenue recognition, inventory, COGS, and other critical financial areas
- Inspire and lead the accounting team, fostering a culture of trust, collaboration, and accountability
- Act as a problem-solver and subject matter expert, providing guidance on technical accounting and operational challenges
Our take
Security screening systems are essential within venues such as concert halls, schools, and workplaces, but there are several problems with existing solutions. For example, lengthy queues and physically intimidating security checkpoints can taint visitor experiences, as well as cause congestion due to their inefficiencies.
Evolv Technology develops AI-driven screening systems, aiming to remove the tension, intimidation, and friction associated with security screening. It does this with a smart touchless screening sensor for weapon detection called Evolve Edge, in addition to an all-in-one venue security analytics platform called Evolv Express.
Whilst the company does face competition from similar security solutions at high-risk locations such as airports, its ability to serve a wide range of venues helps it stand out. It is no doubt Evolv has the ability to make spaces safer, though its past claims it made them "weapon-free" was challenged by a recent failure of its system to detect knives. It does, however, continue to innovate on its offering, and remains an attractive option in the space.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Jan 2020
$30m
SERIES C
Oct 2019
$24m
SERIES C
Total funding: $106.4m
Company benefits
- Equity
- Flexible work environment
- Unique culture
- Medical and dental insurance
- 401(k) plan
- Unlimited vacation policy
- Quarterly budget to spend on the perks that are most meaningful to you
Company values
- Authentic - we are honest with each other and honest with our customers
- Kind - our supportive community is kindspirited, respectful, and driven by positive intentions grounded in our vision and mission
- Courageous - we innovate and are not afraid to disrupt the status quo to obtain our mission, even if we must disrupt ourselves
- Driven - we are obsessed with our customer's success
- Fun - we take what we do seriously, we don't take ourselves seriously
Company HQ
Waltham, MA
Articles
Leadership
Anil Chitkara
(Chief Growth Officer)Experience as Vice President of PTC. Was also Senior Vice President of Market Development for Oco from 2007 to 2011.
Michael Ellenbogen
(Chief Innovation Officer)Experience as Vice President of Product and Business Development for Vivid Technologies. Was CEO and Founder of Reveal Imaging Technologies from 2003 to 2011.
Salary benchmarks
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