Inventory Accounting Manager
Job Description
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.
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.
Responsibilities:
Cost Accounting and Inventory Management
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Track and reconcile inventory across raw materials, subassemblies, WIP, and finished goods.
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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).
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Maintain cost model, including overhead allocation and labor/machine rates.
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Analyze purchase price variances (PPV), material usage variances, and production inefficiencies to support margin analysis and COGS reporting.
Capital Asset and Fixed Asset Accounting
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Maintain fixed asset schedules and manage capitalization policies for PP&E.;
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Ensure proper classification between R&D; prototypes vs. capitalizable production assets.
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Track depreciation and coordinate asset lifecycle management.
General accounting
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Lead the automation of end-to-end transaction workflows and balance sheet reconciliations.
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Support with growing volume of transactions (accounting syncs, reimbursements, etc)
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Prepare technical accounting memos.
Lease accounting management.
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Technical accounting analysis for new leases
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Manage monthly lease accounting reconciliation and entries.
Tax
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Support external reporting requirements for government grants or incentives.
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Assist with quarterly and annual compliance.
Audit Readiness
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Lead annual external financial audits.
Requirements:
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Education: Bachelor’s in Accounting, Finance, or a related field. CPA preferred.
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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.
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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.
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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.
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Analytical Skills: Strong attention to detail, organizational skills, and a knack for identifying and resolving discrepancies.
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Process building: Track record of designing and documenting controls and processes from scratch in a fast-scaling environment.
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Communication: Exceptional verbal and written communication skills for successful collaboration with vendors and internal stakeholders.
The US base salary range for this full-time position is $165,000 to $195,00 per year.
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.
Requirements
Department: Finance