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