SVP of Accounting at Presto | Powderkeg

Location: United States

Employment Type: Full-Time

Team: Finance

Presto is a market leader in restaurant labor productivity, overlaying next- generation digital solutions onto the physical world. Its enterprise-grade touch, vision, and voice technologies help hospitality businesses thrive while delighting guests. Presto’s solutions are designed to enable restaurants to do more with less by increasing their guest-to-staff ratios, improving speed and quality of service, identifying bottlenecks, and offering guests a superior experience. These solutions include:

**● Voice: ** Guests and staff can place orders in a natural conversational style via automated speech recognition artificial intelligence with over 94% accuracy, even in noisy environments.

**● Vision: ** Using just a few cameras equipped with computer vision, restaurants can measure throughput and order accuracy, identify issues, repeat visitors and implement real-time solutions.

**● Touch: ** Designed for both drive-thru and dine-in applications, the same Presto Flex can be deployed as a pay-at-table, staff handheld, kiosk, or drive-thru line buster—offering wide front-of-house flexibility.

The ideal candidate will build and lead our public company ready Accounting function. This involves building and coaching a team, accelerating month end closes, have experience and business acumen to reverse inefficiencies, optimize organizational controls, provide technical guidance, and be the voice of authority with auditors to drive timely audit reviews and filings. You are the glue for the accounting team and your communication & coaching skills will keep the team focused and on track to meet deadlines.

Core Responsibilities Include:

● Build, lead, coach and mentor the Accounting team

● Manage timely preparation of financial statements with generally accepted accounting principles (GAAP), including preparation of all supporting documentation in accordance with various reporting & filing deadlines

● Automate and reduce the month end process to a 5 day close

● Implement playbook with documented processes on accounting matters involving 606, equity accounting, and inventory reconciliation

● Apply complex accounting standards for technical and unusual transactions

● Put in place a SOX and internal controls framework; document a risk matrix with controls and segregation of duties

● Complete a systems upgrade with inventory and related modules

● Remediate and mitigate deficiencies around account analyses & reconciliations and recordkeeping

● Analyze and report flux on actual versus budget

● Lead accounting team in financial reporting, acquisition and disposition of assets, tax compliance, and treasury

● Responsible for maintaining compliance with required financial policies and procedures

● Responsible for tax planning

● Responsible for day-to-day cash management functions

● Ensure company compliance with various loan covenants

● Facilitate the completion of annual audits and tax returns while serving as lead liaison to external auditors and tax consultants

● Have gravitas and experience to drive critical audit decisions and push back on auditors as needed

● Participate in strategic and long term planning

● Work with CFO and complete special projects as required

You Bring:

● The ideal background will have 15 plus years of experience with increasing responsibility, with at least 10 years of experience as VP / Head of Accounting

● Experience with public accounting and public company controls/ compliance and audit / ICFR requirements

● Advanced accounting degree and CPA preferred

● Technical Accounting experience required

● Superior management, leadership and development skills with proven ability in building and coaching a team

● Hands-on audit experience, including working in the trenches and at the senior level with audit partners

● Experience presenting to and interacting with a Board Audit Committee

● Proficiency with NetSuite highly preferred

● Excellent oral and written communication skills

● Excellent problem solving and multi-tasking skills required

● Ability to think strategically and analyze data

● Proven “hands on” ability to dive in as needed and actively manage

● IPO/Start-up Experience highly desired

● ASC 606 Experience required

● Comfortable with face to face communications with the executive team and the board

With over 250,000 systems shipped, we are one of the largest labor automation technology providers in the industry. Founded at M.I.T. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S.

We welcome you to visit our investor page to learn more about Presto’s recent announcement to be Publicly Listed Through a Merger with Ventoux CCM Acquisition Corp (NASDAQ: VTAQ)

Job Summary
  • Job Title
    SVP of Accounting
  • Company
  • Location
    Redwood City, CA
  • Employment Type
    Full time
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