Full-Time

Accounting Manager

Posted on 10/15/2024

CloudKitchens

CloudKitchens

201-500 employees

Provides shared kitchen spaces for delivery-only restaurants

Food & Agriculture
Data & Analytics

Senior

Los Angeles, CA, USA

Category
Financial Accounting
Tax Accounting
Financial Analysis
Management Accounting
Accounting
Requirements
  • At least 5 - 7 years experience. Real Estate, and Tech (SaaS) industry experience viewed favorably but not essential.
  • Experience in preparing US GAAP financial statements
  • Bachelor in Accounting or Business required and accounting qualification (or progress toward) required (ACA/ ACCA)
  • Strong interest in working in a fast-growing start-up environment and flexible, team-oriented, can-do attitude to take on variety of tasks and responsibilities
  • Experience of working with people in different departments, countries and with outsourced providers
  • Experience in transfer pricing preferred but not required
  • The desire to take ownership, responsibility, and constantly improve the Finance department to help us change the world!
Responsibilities
  • Oversee month-end closing activities within the groups Workday system, including reviewing and approving journal entries, balance sheet and income statement fluctuation analysis and resolving discrepancies in a timely manner
  • Review balance sheet reconciliations (Cash, AR, Accrued Liabilities, Prepayments, Investment in Subs, Equity, etc.)
  • Preparation of financial statements and other management reporting and analysis
  • Liaising with auditors and assist with the year-end financial audit
  • Ensure proper approvals and coding are in place for timely and accurate processing of payables and receivables
  • Cleanup historical financials (write-offs, depreciation, etc.)
  • Assist with fixed asset tracking, capitalization and depreciation/amortization process
  • Assist with cash needs projections and request process
  • Assist with due diligence requests that result from capital raises
  • Liaise with all other business units to envision, maintain, educate, and enforce strong internal control policies
  • Assist in weekly/monthly KPI reporting and periodic audits, tax filings, census reporting and business property taxes
  • Perform special projects as necessary and ad-hoc reporting

CloudKitchens provides shared kitchen spaces specifically designed for delivery-only restaurants. These kitchens are fully equipped and allow restaurant operators to focus on food quality and employee satisfaction while alleviating the challenges of financing, construction, and maintenance. Clients, including national chains and local restaurants, can quickly open new kitchens, test various food concepts, and optimize delivery operations with minimal risk. The company charges rent for kitchen use and offers additional services, including proprietary technology that streamlines order management. CloudKitchens aims to support restaurant growth in the expanding food delivery market by providing a comprehensive solution that minimizes investment and maximizes efficiency.

Company Stage

N/A

Total Funding

$1.2B

Headquarters

Los Angeles, California

Founded

2018

Growth & Insights
Headcount

6 month growth

20%

1 year growth

44%

2 year growth

-24%
Simplify Jobs

Simplify's Take

What believers are saying

  • CloudKitchens' rapid expansion, including new facilities in Houston and Sacramento, indicates strong growth potential and market demand.
  • Significant investments from major backers like Microsoft highlight confidence in CloudKitchens' business model and future prospects.
  • The ability to test multiple food concepts from a single kitchen with minimal risk offers restaurant operators unparalleled flexibility and innovation opportunities.

What critics are saying

  • The ghost kitchen market is evolving, with some brands shifting focus back to traditional channels, which could impact CloudKitchens' growth.
  • Reports of staff layoffs and warehouse closures suggest potential operational and financial instability.

What makes CloudKitchens unique

  • CloudKitchens offers fully equipped shared kitchen spaces specifically designed for delivery-only restaurants, unlike traditional restaurant spaces.
  • Their proprietary technology for managing delivery orders from a single tablet provides a streamlined operational advantage over competitors.
  • By alleviating the burdens of financing, construction, permitting, and maintenance, CloudKitchens allows restaurant operators to focus solely on food quality and customer satisfaction.

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