Director of Accounting Close and Operations
Job Summary
Job Description
As the Director of Accounting Close and Operations, you will lead the monthly, quarterly, and annual close processes, conduct financial statement analysis, and support the Assistant Controller and Controller with technical accounting matters and departmental management. You will take ownership of core close activities, offer meaningful business insights, focus on developing a high-performing team, and drive initiatives aimed at optimizing the close process. This role involves managing a team of accounting professionals, overseeing the close cycle, preparing and presenting financial results, leading system implementations, and ensuring internal controls for SOX compliance. The role includes contributing to financial reporting, ensuring GAAP compliance, and providing technical accounting expertise.
Must have:
- Understanding of US GAAP and internal controls
- Full cycle accounting experience required
- 10+ years of experience in a supervisory role desired
- Strong analytical, communication skills and attention to detail
- Proficiency with Microsoft Office Suite tools
Good to have:
- CPA certification is a plus
Perks:
- Competitive compensation package
- Benefits and equity program
3 skills required
Job Details
As the Director of Accounting Close and Operations at Penumbra, you will play a vital key leadership role in the company leading critical aspects of the monthly, quarterly, and annual close processes. You will conduct financial statement analysis, and support the Assistant Controller and Controller with technical accounting matters and departmental management. As a leader, you will take ownership of core close activities, offer meaningful business insights into financial results, and focus on developing and mentoring a high-performing team.
To be successful in this role you must have a strong understanding of U.S. GAAP, the accounting close process, a passion for process improvement and developing a team, and the ability to successfully interact with, influence, and coordinate with other business functions and team members to drive initiatives aimed at optimizing the close process.
What You’ll Work On
• Select, manage, train, and develop staff. Establish objectives and assignments and provide ongoing feedback through performance reviews and development plans.
• Lead and manage a team of accounting professionals responsible for U.S. general ledger functions and selected international close activities.
• Serve as a key contributor to the monthly, quarterly, and annual close processes by managing timelines and deliverables to ensure timely and accurate financial statements in accordance with U.S. GAAP.
• Oversee core components of the close cycle, including preparation and review of journal entries, account reconciliations, and fluctuation analyses.
• Guide the team in preparing and presenting financial results, identifying key trends, and providing actionable insights to senior management.
• Partner with the Assistant Controller and Controller in overseeing departmental operations, including work allocation and issue resolution.
• Lead the implementation, integration, and ongoing maintenance of new and existing accounting systems and processes.
• Drive automation and continuous improvement initiatives aimed at shortening the close cycle, minimizing manual tasks, and standardizing processes.
• Review supporting documentation for SEC filings, external audits, and other statutory reporting, and coordinate with external auditors as needed.
• Support senior management with ad hoc projects and strategic initiatives.
• Provide technical accounting expertise and stay current on applicable accounting guidance and standards.
• Ensure effective internal controls are in place for the financial close process, supporting SOX compliance and mitigating financial risk through policy and procedure adherence.
What You Contribute
• Bachelor's degree in accounting or related field with 15+ years of experience, or equivalent combination of education and experience
• A comprehensive understanding of US GAAP, internal controls and full cycle accounting experience are required.
• Certified Public Accountant (CPA) is a plus
• 10+ years of experience in a supervisory role desired
• Strong analytical abilities, as well as oral, written, and interpersonal communication skills
• High degree of accuracy and attention to detail
• Proficiency with Microsoft Word, Excel, and other standard office tools
• Excellent organizational skills with ability to prioritize assignments while handling various projects simultaneously
Working Conditions
General office environment. Willingness and ability to work on site. Requires some lifting and moving of up to 5 pounds. Must be able to move between buildings and floors. Must be able to remain stationary and use a computer or other standard office equipment, such as a printer or copy machine, for an extensive period of time each day. Must be able to read, prepare emails, and produce documents and spreadsheets. Must be able to move within the office and access file cabinets or supplies, as needed. Must be able to communicate and exchange accurate information with employees at all levels on a daily basis.
Annual Base Salary Range: $206,080 - $290,000 / year
We offer a competitive compensation package plus a benefits and equity program, when applicable.
Individual total compensation will vary based on factors such as qualifications, skill level, competencies, and work location.
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