Inventory Accounting Manager

About the role:

The Inventory Accounting Manager is uniquely positioned to make a lasting impact in a fast-paced, collaborative environment by overseeing our inventory accounting operations and close processes (among other topics). This role requires strong collaboration between cross-functional groups including Operations and Supply Chain. This role will manage a Senior Inventory Accountant. The Inventory Accounting Manager ensures accurate books and records and effective internal controls by embracing the best accounting practices suited for a public company’s financial close process.

You should apply if:

• You want to impact the industries that run our world: Your efforts will result in real-world impact—helping to keep the lights on, get food into grocery stores, reduce emissions, and most importantly, ensure workers return home safely.
• You are the architect of your own career: If you put in the work, this role won’t be your last at Samsara. We set up our employees for success and have built a culture that encourages rapid career development, countless opportunities to experiment and master your craft in a hyper growth environment.
• You’re energized by our opportunity: The vision we have to digitize large sectors of the global economy requires your full focus and best efforts to bring forth creative, ambitious ideas for our customers.
• You want to be with the best: At Samsara, we win together, celebrate together and support each other. You will be surrounded by a high-caliber team that will encourage you to do your best. 

Click here to learn about what we value at Samsara. 

In this role, you will: 

• Manage various close responsibilities including inventory (ASC 330), costs to fulfill a contract (ASC 340), leasing (ASC 842), and investments (ASC 320).
• Lead the monthly, quarterly, and annual inventory accounting processes including coordinating with Operations, Supply Chain, F&S, SOX PMO, and the broader accounting organization. 
• Develop and implement accounting policies and practices based on inventory accounting principles (ASC 330 and ASC 340).
• Perform and/or review balance sheet account reconciliations for responsible areas. 
• Work cross-functionally with Operations, Supply Chain, R&D, and accounting leadership to ensure inventory-related reserves are appropriate. This includes E&O reserves, warranty reserves, and evaluating losses on purchase commitments.  
• Ensure estimates and assumptions for key reserves are reasonable, supportable, and explainable to internal and external stakeholders.
• Manage deferred connected device costs including owning the timing of recognition of such costs under ASC 340 (costs to fulfill a contract), and partnering with Technical Accounting to ensure the period of benefit is reasonable. 
• Evaluate the attribution of expenses to cost of goods sold related to performance obligations for vehicles, accessories, technology, services, and over-the-air products.
• Ensure effective internal controls by reviewing control design and creating operating mechanisms that ensure all relevant controls are performed and documented in accordance with expectations.
• Perform monthly and quarterly COGS fluctuation analyses.
• Understand intercompany inventory transactions and procedures for the elimination of intercompany profit in consolidation.
• Be familiar with accounting for the effects of fluctuations in foreign currencies upon both remeasurement and translation (ASC 830).
• Play a critical part in the company’s annual (or quarterly) inventory count process. 
• Demonstrate professional integrity and resilience when operating under pressure by scrutinizing the status quo and questioning ideas to ensure the accuracy of financial information.
• Keep current on trends and developments in the accounting field by reading appropriate books, journals, and other literature and attending related conferences and seminars, and encouraging department team members to pursue and maintain professional accreditation and licensure, as appropriate.
• Execute other ad-hoc projects and initiatives as directed by the Assistant Controller in accordance with Samsara’s strategy and company values.
• Other duties may be assigned as required.
• Champion, role model, and embed Samsara’s cultural principles (Focus on Customer Success, Build for the Long Term, Adopt a Growth Mindset, Be Inclusive, Win as a Team) as we scale globally and across new offices.

Minimum requirements for the role:

• 5+ years experience in inventory accounting or analysis, 3+ years of public accounting experience preferred.
• CPA required.
• Bachelor’s degree in accounting/finance, business, or related field.
• Experience using Netsuite or other ERP systems with inventory modules.
• Experience managing a team, strongly preferred.
• Strong working knowledge of Excel, inventory costing concepts, bills of materials, contract manufacturing, and GAAP.
• Strong written and oral communication skills.