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
Consumer Goods

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
  • Manage and improve all aspects of the company’s accounting operations, including general ledger, reconciliations, accounts payable, payroll, and tax compliance.
  • Ensure timely, accurate monthly, quarterly, and annual financial closes in accordance with GAAP, ensuring clear and transparent reporting to the executive team and investors.
  • 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.
  • Design and implement internal controls, policies, and procedures to ensure compliance, reduce risk, and optimize financial operations.
  • 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.
  • Mentor and grow a high-performing accounting team, fostering a culture of accuracy, accountability, and collaboration.
  • Oversee and manage, in coordination with external tax professionals, all federal, state, and local taxes, including long-term tax planning.
  • 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 cooking. Tovala targets health-conscious consumers by selling the Smart Oven and offering a subscription service for chef-crafted meals delivered to their door. This approach ensures a seamless cooking experience. Tovala generates revenue through oven sales and subscription fees, and it has experienced rapid growth since its founding in 2015, building a loyal customer base. The company also focuses on creating a positive work culture that supports employee well-being.

Company Stage

Series C

Total Funding

$69.6M

Headquarters

Chicago, Illinois

Founded

2017

Growth & Insights
Headcount

6 month growth

5%

1 year growth

0%

2 year growth

38%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for smart kitchen appliances boosts Tovala's growth potential.
  • Remote work trends drive demand for convenient home-cooked meal solutions like Tovala.
  • Tovala's recent $30M funding supports expansion and technological advancements.

What critics are saying

  • Competition from companies like June and Brava may impact Tovala's market share.
  • Rising raw material costs could affect Tovala's pricing strategy.
  • Shifts towards DIY meal kits may reduce demand for Tovala's meal service.

What makes Tovala unique

  • Tovala combines a smart oven with a meal delivery service for convenience.
  • The Tovala Smart Oven automates cooking through QR code scanning for effortless meals.
  • Tovala targets health-conscious consumers with chef-crafted, nutritious meals and smart technology.

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