Senior Accounting Manager, Favor
Contact-free food and essential order service
Open for applications
Contact-free food and essential order service
1001+ employees
Open for applications
1001+ employees
Company mission
To create a more connected community to get anything delivered through an affordable and personalized service.
Role
Who you are
- We’re looking for a detail oriented, roll-up-your-sleeves, and energetic person to lead the company’s monthly financial close and reporting
- We’re looking to add a seasoned accounting professional with deep accounting operational experience and an understanding of transactional eventing and payments processing systems in the tech industry with a Big 4 public accounting background
- A bachelor’s degree or higher in Accounting
- 8+ years of progressive experience, including Big 4 public accounting and operational experience
- 3+ years of management experience, including leadership and development responsibilities
- Experience with financial statement analysis and research and application of complex accounting standards in accordance with GAAP and FASB
- Understanding and experience with transactional eventing and payment processing systems
- Advanced level of Microsoft Excel and experience using Google Workspace
- Comprehensive knowledge of accounting concepts, including researching and applying GAAP for complex concepts
- A certified public accountant (CPA) is strongly preferred
- Familiarity with structured query language (SQL) is a plus
- You have experience leading the reporting and analysis of transactional eventing and payment processing systems, including identifying areas of risk, improvement, and cost savings
- You are familiar with relational database concepts
- You have operational accounting industry experience, such as general ledger maintenance and month-end close review
- You can multitask, possess a high level of intellectual curiosity, and work well in a dynamic environment
- You are a self-starter with the ability to work independently and effectively in a team environment
- You have a strong, consistent work ethic with a keen attention to detail and ability to focus on the big picture
- You apply feedback and produce a consistent and accurate work product
- You can analyze and implement continuous process improvements
- You are a proactive, confident, and tactful communicator across all levels of the company
What the job involves
- Favor is seeking an experienced Senior Accounting Manager with a deep passion for working at a high-growth company and who thrives in a fast-paced environment
- This role reports to the Director, Accounting and is a hybrid role based in Austin, Texas
- Oversee all aspects of timely and accurate month-end close activities, including review of journal entries, account reconciliations, and Generally Accepted Accounting Principles (GAAP) financial statements
- Lead the Accounting team with daily operations, including accounts payable, accounts receivable, treasury, expense management, and regulatory compliance
- Guide the Finance team and other business teams on trends and expectations for expense forecasting
- Oversee application of significant accounting principles, account fluctuation analysis, and maintenance of financial statement files
- Own our internal financial reporting system (“Click to Cash”) in collaboration with our Payments Engineering team
- Work cross-functionally with Engineering and Product leadership teams on requirements for new products and features
- Research technical accounting issues for new and proposed management initiatives and new accounting standards, documenting and presenting the company's position
- Collaborate with our parent company, H-E-B, on intercompany reporting, tax, and compliance
Our take
More and more people are looking to get things delivered fast, and businesses are trying to find inventive ways to meet the demand and get people’s purchases to them as quickly as possible. Favor solves this problem, with an on-demand delivery service that depends on “runners” to get products to customers quickly.
Customers can browse on the Favor app and select items from their list or input items from other stores in the delivery zone, and Favor runners will collect the item and deliver it within an hour. For customers in a hurry, this is obviously appealing. While many on-demand delivery services struggle to scale, Favor itself has managed to scale its operations across Texas and expanded into Philadelphia in mid 2022.
This centralization has given the company an advantage over competitors who have since gone out of business, but it isn’t yet clear if other competitors will imitate Favor's approach to gain market share. The company faces strong challenges from deep-pocketed rivals like DoorDash and Uber Eats.
Freddie
Company Specialist
Insights
Company
Funding (2 rounds)
Sep 2017
$22m
SERIES B
Mar 2015
$13m
SERIES A
Total funding: $35m
Company benefits
- We offer premium health, vision, dental, life and 401(k) options. We go beyond the basics with complimentary meals, commuter benefits, dependent care, and of course - Favor delivery credit and H-E-B discounts
- With a fitness center in the office, we equip you with ways to stay healthy and happy. Any complimentary meals and snacks always feature health options
- Whether you’re an avid cyclist, dog lover, or Magic enthusiast, there’s a group for you here. We foster community through beer Fridays, quarterly company-wide events, and regular connection opportunities
- Our HQ, the Eastside Tech Hub, is located in the heart of East Austin and boasts multiple lounge areas, a coffee bar, library, fully stocked kitchen, wellness center with bouldering wall, and more
- We offer unlimited PTO for salary employees and ample vacation time to all team members. We empower you to live your best life and do your best work!
- We encourage personal growth and education through regular Learning Labs taught by internal team members and external facilitators
Company values
- Keep running - We have lofty goals and the only way to achieve them is to hustle through the challenges. Don’t stop ‘til Tokyo!
- Good vibes - We bring our best selves every day. No matter what comes at us, we attack our work with positivity and resilience
- Own your sh*t - Your position here is valuable and you were chosen for a reason. Be purposeful with your actions and hold yourself accountable
- Community first - We’re connected to the people around us. We don’t just run in someone else’s shoes, we also know the path they took and how they got there
Company HQ
Holly, Austin, TX
Articles
Founders
Keith Duncan
(CEO, not founder)Began working at the company as SVP of Sales & Business Development and was promoted to CRO within 4 years. They then worked as CRO at Orchard before returning to Favor as CEO in 2023.
Salary benchmarks
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