Inventory Accounting Manager

<div class="content-intro"><p class="p1">Figure is an AI robotics company developing autonomous general-purpose humanoid robots. The goal of the company is to ship humanoid robots with human level intelligence. Its robots are engineered to perform a variety of tasks in the home and commercial markets. Figure is headquartered in San Jose, CA.</p></div><p>We are looking for an Accounting Manager, with a focus on Inventory. This role will own the inventory and cost accounting, including building processes and deploying systems from end to end.</p>
<p><strong>Responsibilities:</strong></p>
<p><span style="text-decoration: underline;">Cost Accounting and Inventory Management</span></p>
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<p>Track and reconcile inventory across raw materials, subassemblies, WIP, and finished goods.</p>
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<p>Manage data integrity between ERP (NetSuite) and operational systems (MES, PLM, WMS). Resolve discrepancies between quantities, costs, and system records across locations or systems (e.g., NetSuite vs. MES).</p>
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<p>Maintain cost model, including overhead allocation and labor/machine rates.</p>
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<p>Analyze purchase price variances (PPV), material usage variances, and production inefficiencies to support margin analysis and COGS reporting.</p>
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<p><span style="text-decoration: underline;">Capital Asset and Fixed Asset Accounting</span></p>
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<p>Maintain fixed asset schedules and manage capitalization policies for PP&E.</p>
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<p>Ensure proper classification between R&D prototypes vs. capitalizable production assets.</p>
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<p>Track depreciation and coordinate asset lifecycle management.</p>
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<p><span style="text-decoration: underline;">General accounting</span></p>
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<p>Lead the automation of end-to-end transaction workflows and balance sheet reconciliations.</p>
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<p>Support with growing volume of transactions (accounting syncs, reimbursements, etc)</p>
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<p>Prepare technical accounting memos.</p>
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<p><span style="text-decoration: underline;">Lease accounting management.</span></p>
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<p>Technical accounting analysis for new leases</p>
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<p>Manage monthly lease accounting reconciliation and entries.</p>
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<p><span style="text-decoration: underline;">Tax</span></p>
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<p>Support external reporting requirements for government grants or incentives.</p>
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<p>Assist with quarterly and annual compliance.</p>
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<p><span style="text-decoration: underline;">Audit Readiness</span></p>
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<p>Lead annual external financial audits.</p>
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<p><strong>Requirements: </strong></p>
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<p>Education: Bachelor’s in Accounting, Finance, or a related field. CPA preferred.</p>
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<p>Experience: 8+ years in accounting, including 5+ years in cost and inventory accounting at a hardware or manufacturing company. Prior experience as a manager at a high-growth company is a plus.</p>
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<p>Technical accounting: Deep expertise of US GAAP for inventory accounting (ASC 330), fixed assets (ASC 360), leases (ASC 842), and of the R&D vs. capitalizable cost distinction.</p>
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<p>Systems: Hands-on NetSuite experience, ideally including inventory and manufacturing modules. Experience with systems integration and reconciling ERP data against MES, PLM, and WMS systems.</p>
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<p>Analytical Skills: Strong attention to detail, organizational skills, and a knack for identifying and resolving discrepancies.</p>
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<p>Process building: Track record of designing and documenting controls and processes from scratch in a fast-scaling environment.</p>
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<p>Communication: Exceptional verbal and written communication skills for successful collaboration with vendors and internal stakeholders.</p>
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<p class="p1">The US base salary range for this full-time position is $165,000 to $195,00 per year.</p>
<p class="p1">The pay offered for this position may vary based on several individual factors, including job-related knowledge, skills, and experience. The total compensation package may also include additional components/benefits depending on the specific role. This information will be shared if an employment offer is extended.</p>