Full-Time

Director of Accounting

Confirmed live in the last 24 hours

Tovala

Tovala

51-200 employees

Smart oven with meal delivery service

Food & Agriculture
Hardware

Senior, Expert

United States

Hybrid position with remote work options.

Category
Financial Accounting
Tax Accounting
Management Accounting
Accounting
Required Skills
NetSuite
Requirements
  • 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.
Responsibilities
  • 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.

Tovala combines hardware, software, and food to simplify home cooking with its Tovala Smart Oven and meal delivery service. The Smart Oven is a countertop appliance that cooks meals automatically when customers scan a QR code on Tovala-prepared meals. This system is designed for busy individuals and families who want healthy, home-cooked meals without spending much time in the kitchen. Tovala differentiates itself from competitors by offering a seamless cooking experience through its oven and subscription-based meal delivery service, which includes chef-crafted meals tailored for the oven. The company's goal is to provide convenient, nutritious meals while fostering a positive work culture and supporting its employees.

Company Stage

Series C

Total Funding

$69.6M

Headquarters

Chicago, Illinois

Founded

2017

Growth & Insights
Headcount

6 month growth

2%

1 year growth

-4%

2 year growth

33%
Simplify Jobs

Simplify's Take

What believers are saying

  • Tovala's rapid growth and significant funding rounds, including a $30M Series C, indicate strong investor confidence and potential for expansion.
  • Recognition as one of Y Combinator's Top Companies 2022 highlights Tovala's innovative approach and industry impact.
  • The launch of the Smart Oven Air Fryer expands Tovala's product line, potentially attracting a broader customer base.

What critics are saying

  • The dual focus on hardware and meal delivery could stretch resources thin, potentially impacting product quality or service consistency.
  • The competitive landscape in both the smart kitchen appliance and meal delivery markets is intense, requiring continuous innovation to stay ahead.

What makes Tovala unique

  • Tovala uniquely combines a smart kitchen appliance with a meal delivery service, offering a seamless cooking experience that competitors in either market alone cannot match.
  • The Tovala Smart Oven's QR code scanning feature automates the cooking process, providing unmatched convenience and precision in meal preparation.
  • Tovala's focus on health-conscious, time-strapped consumers sets it apart in the crowded meal kit and kitchen appliance markets.

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