The Senior Corporate Accounting Manager is a high impact high visibility leadership role in our Finance and Accounting organization at Power Integrations Inc, a publicly traded global semiconductor company. This role requires strong project management skills and great attention to detail. They will partner with the broader business both inside Finance as well as across multiple corporate departments, collaborating with Legal, HR, Operations, IT, Sales, to collect and incorporate new information on a regular basis to lead the monthly GL close and financial reporting processes. The Senior Corporate Accounting Manager will give global technical accounting and operational guidance and mentorship to both US and international staff for our close, consolidation and financial reporting processes, and will have responsibilities for preparing financial analyses to support journal entries and reconciliations. Technical accounting research, drafting technical memos, and preparing SEC financial reporting disclosures are an aspect of the role and its responsibilities in addition to overseeing general ledger consolidations accounting and operations. The Senior Corporate Accounting Manager oversees global revenue recognition and cost accounting activities for the company. This role ensures accurate, compliant accounting for customer contracts, cost of goods sold (COGS), and inventory across worldwide operations, while supporting timely financial reporting in accordance with U.S. GAAP.The ideal candidate combines strong technical accounting expertise with hands-on operational experience in a fast-paced, global organization. JOB DESCRIPTION:Global Close & Financial Reporting
Lead general ledger close processes for the monthly, quarterly, and annual close
Prepare / review journal entries, account reconciliations, and flux analyses
Draft technical accounting whitepapers to support the basis for unique transactions including M&A, special contracts and transactions, etc
Support quarterly and annual financial reporting and disclosure processes for SEC filings
Primary liaison to the external auditors and internal SOX audits
Oversee global revenue recognition processes in compliance with ASC 606, including multiple performance obligations, variable consideration, rebates, credits, rights of return, and distributor arrangements.
Review customer contracts and amendments in partnership with Sales and Legal to assess accounting implications and provide business partners with optimization advice.
Ensure accurate revenue cut-off, deferred revenue, and contract asset/liability accounting across regions.
Maintain revenue recognition policies, procedures, and supporting documentation.
Oversee worldwide cost accounting activities, including wafer fabrication, assembly and test, foundry costs, logistics, royalties, and manufacturing overhead
Ensure accurate standard costing, variance analysis, and margin reporting.
Review and support inventory valuation, excess and obsolete (E&O) reserves, and lower-of-cost-or-net-realizable-value (LCNRV) assessments.
Partner with Operations and Supply Chain to understand cost drivers and improve forecast accuracy.
System Management
Lead worldwide Oracle instance and other related business information systems
Lead automation projects and consider AI tools to improve process efficiencies
Team Leadership
Manage and mentor accounting staff in the US and abroad
Establish clear goals, training, and development plans to support a high-performing global team.
WORK REQUIREMENTS
Bachelor’s degree in Accounting
8+ years of audit and accounting experience, including minimum 5 years in public accounting (financial audit under US GAAP)
Strong knowledge of U.S. GAAP and financial reporting, including ASC 606 revenue recognition and inventory/cost accounting
CPA a plus
Hands-on Oracle experience preferred
Experience supporting a global close process in a public company preferred
Proven ability to partner cross-functionally and manage complex accounting issues
Strong attention to detail with high degree of accuracy
Impeccable communication skills, both written and verbal
Strong problem solving and analytical skills
Demonstrated ability to lead and manage multiple projects and prioritize workload effectively and independently under tight deadlines
Able to manage sensitive and confidential data, information and situations with tact and professionalism
Natural curiosity and express interest in ongoing professional development and learning
Power Integrations is committed to building teams that drive innovation and therefore review a range of factors when determining compensation. The annual base pay range for this position is $154,000 to $180,000. Our salary ranges are determined by role, level, qualifications and work location. The range displayed on the job posting reflects the minimum and maximum target for new hire salaries for this position in California. Within the range, individual pay is determined by additional factors, including job-related skills, experience, and relevant education or training.Power Integrations also offers to our eligible employees a comprehensive total rewards package that includes equity, medical benefits, ESPP, 401K, tuition reimbursement and time off programs. For additional benefits, please visithttps://www.power.com/company/our-sustainability-priorities/people-our-engine-innovation.
