Full-Time

Head of Finance

Updated on 11/21/2024

Chef Robotics

Chef Robotics

51-200 employees

Robotic solutions for food production automation

Food & Agriculture
Robotics & Automation

Compensation Overview

$100k - $200kAnnually

Senior

San Francisco, CA, USA

Position requires onsite presence in San Francisco.

Category
Corporate Finance
Financial Planning and Analysis (FP&A)
Finance & Banking
Requirements
  • BA/ BS in Accounting, Finance or Business Administration. CPA is preferred but not required.
  • 10+ years of experience in progressive roles, leading and building a finance and accounting organization.
  • Supported or led venture capital fund raising rounds.
  • Experience with hardware companies with inventory and supply chain.
  • Experience with a recurring revenue model and revenue recognition.
  • Broad-based operational experience covering all aspects of the monthly, quarterly, and annual close, internal, and external audits.
  • Familiarity with a startup environment including equity grants and cap table management.
  • Experience with integrated systems including payroll, purchasing, payables management, and Billing/Accounts Receivable with a strong understanding of ERPs.
  • Strong hands on experience of the full cycle of AP, Order to Cash, and Payroll functions. Broad understanding of business processes and all areas of accounting.
  • Experience managing critical projects such as system implementations, ERP system enhancements, and system upgrades.
  • Demonstrated organizational skills and excellent oral/written communication skills.
  • Strong leadership, team building and interpersonal skills.
  • Demonstrated ability to partner productively in a cross-functional capacity.
  • Self-motivation and a results oriented approach.
Responsibilities
  • Oversee and contribute to the day-to-day operations of the accounting team including Accounts Payable, Accounts Receivable, Revenue Recognition, Inventory Control & Management, Purchase Order Processing, Payroll, Tax, and Treasury and Equity Management.
  • Ensure timely and accurate monthly close process and preparation of financial statements.
  • Run the annual budgeting and planning process, and ongoing forecasting process. Monitor progress and changes to keep senior leadership team abreast of the organization’s financial status.
  • Manage bookkeeping for the company and responsible for timely filing of Federal & State Income Tax Returns (annual) and Sales & Use Tax Returns (annual & quarterly).
  • Help maintain and update company budgets and match against actuals on a monthly basis.
  • Coordinate with other teams to ensure timely recording of transactions and the completeness and accuracy of all financial reporting.
  • Management of organizational cash flow and cash flow forecasting.
  • Help reduce cash burn and keep cash burn low.
  • Perform monthly cycle counts and annual count of inventory and ensure inventory counts reconcile with actuals.
  • Help maintain and update the company financial model.
  • Analyze the company's performance and risks and perform the financial planning based on the analysis results.
  • Lead investor reporting and relationships for all financial matters.
  • Be the financial lead in future fund raising rounds.
  • Find methods of acquiring low-cost debt/capital and close low cost debt to pay for robotics as a service.
  • Lead assessment of software and other tools needed for financial management.
  • Support people operations with financial resources for benefits, time keeping, PTO, etc.
  • Manage all insurance requirements for the company.
  • Lead building out the accounting team.
  • Update and implement all necessary business policies, accounting practices, and financial controls.
  • Ensure effective internal controls and safeguards over company assets, receipt of revenue, payments of authorized expenses, compliance with contractual obligations, and compliance with company policies.
  • Prepare analyses and presentation materials as needed by senior management, including reports, forecasts and projections and support for Board and investor presentations and analyses.
  • Lead the Finance team to create and maintain financial performance metrics and team OKRs.
  • Communicate the metrics and financial analysis to stakeholders to support business decisions.
  • Support the business in its continuing growth.

Chef Robotics develops robotic solutions for the food industry, focusing on addressing labor shortages and high turnover rates faced by food companies. Their robots utilize machine learning to adapt to various tasks and environments, allowing for increased production volume and reduced waste. This flexibility sets Chef Robotics apart from traditional automation methods, which often lack adaptability. The company's goal is to help food companies improve efficiency and potentially prevent food shortages in the U.S. by providing versatile automation solutions that lead to cost savings from the outset.

Company Stage

Seed

Total Funding

$24.6M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

25%

1 year growth

33%

2 year growth

113%
Simplify Jobs

Simplify's Take

What believers are saying

  • Chef Robotics' innovative approach addresses the labor crisis in the food industry, providing a sustainable solution to labor shortages and high turnover rates.
  • The company's rapid iteration and healthy client portfolio indicate strong market acceptance and potential for growth.
  • Recent funding of $14.75M will enable Chef Robotics to expand its operations and accelerate deployment, enhancing its market position.

What critics are saying

  • The food robotics market is littered with failed concepts, indicating potential challenges in achieving long-term success.
  • High dependency on machine learning and robotics technology may pose risks if technological advancements do not keep pace with industry needs.

What makes Chef Robotics unique

  • Chef Robotics leverages advanced robotics and machine learning to offer flexible automation solutions, unlike traditional automation methods that lack adaptability.
  • The company's focus on high-mix environments and delicate food handling sets it apart from competitors who primarily target low-mix, mass production scenarios.
  • Chef Robotics has achieved a significant milestone of over 10 million meals in production, showcasing its practical and scalable solutions in real-world applications.

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