Mammoth Holdings (“Mammoth”) was founded in 2018 and is one of the largest car wash operating platforms in the United States, with nearly 150 locations across more than 20+ brands.
Between 2018 and 2024, Mammoth rapidly expanded while also attracting a strong bench of managerial talent, including Dave Hoffmann, the former CEO of Dunkin’ Brands and Jennifer Vanderveldt, the former CFO of European Wax Center.
Today, Mammoth is investing in future scale. The growth and profitability dynamics across the overall car wash sector are highly attractive, driven by recurring revenues through a monthly subscription model as well as minimal labor model expense, high four-wall EBITDA, and predictable cash flows. Further, the industry is highly fragmented with meaningful consolidation expected over time.
What makes this opportunity compelling:
- Highly regarded leadership team: former Dunkin Donuts CEO, and ex-European Wax Center CFO (took them public last year and helped make them a $1bn+ business)
- Own and build-out the team/function
- Strongly backed for growth
- Capital ready for aggressive opportunistic acquisitions despite the anticipated economic slow down next year – in a very strong position
- Strong organic and in-organic growth
- Relocating corporate office to Dallas
- Gain PE roll-up experience
Location: Dallas, 75 and 635
Website: https://mammothholdings.com/
Job Description:
The Accounting Manager will report to the Assistant Controller and is responsible for producing the day-to-day activities of the General Ledger. Responsibilities include ensuring all general ledger accounts are reconciled timely, maintaining the general ledger, and preparing month-end close procedures. A successful Accounting Manager combines excellent analytical skills with a thorough knowledge of accounting principles to prepare and analyze financial reports and forecasts while also developing controls (i.e., manual and automated) to maintain the integrity of the management information system.
Essential Duties and Responsibilities:
- Coordinates with accounting team as part of month end close process
- High level of expected collaboration across all divisions
- Ability to communicate effectively and maintain highest level of company standards
- Responsible for timely and accurate month-end accounting processes and associated tasks
- Maintain and reconcile all G/L accounts for multiple locations, including reconciliation of all cash accounts, prepaid expenses, and accruals
- Work closely with the accounting team and accounts payable to track and record fixed asset additions and dispositions and reconcile depreciation by asset type and location
- Directs and controls the general accounting activities for smaller accounting working teams who “own” various aspects of the balance sheet reconciliation process, including recording company transactions, classifications, tie outs of account balances in accordance with GAAP and company policy.
- Design and implement new accounting policies and ensures those policies are communicated to team as well as the business.
- Proposes recommendations for changes and improvements to accounting policies/procedures. Drives and partners with cross-functional teams to develop and implement approved changes.
- Review General Ledger account balances for compliance with GAAP
- Maintain processes for strong internal controls
- Provide financial support to the business through teamwork with business units and the FP&A team to provide meaningful information and reporting
- Seek opportunities to streamline and improve accounting transactions and work with the business units to provide accounting support to meet internal needs
- Identify and assist in implementing process improvement and efficiency
- Review GL account balances, communicate problems and provide solutions as necessary
- Maintain intangible asset schedules and respective amortization
- Prepare monthly Journal Entries
- Collaborate across business units/divisions on a daily basis
- Support external auditors with annual audit testing and other compliance audits as necessary.
