Accounting Operations Controller at Power Integrations in San Jose, California

Job description

• The Accounting Operations Controller 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 Sales, Operations, Legal, IT, and HR to collect and incorporate new information on a regular basis to lead the monthly GL financial operations close and reporting processes.
• The Accounting Operations Controller 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.
• AI enablement is woven into the fabric of day to day operations accounting so we are looking for a senior accounting leader that can creatively leverage AI tools to improve finance department efficiency and work product quality.
• The Accounting Operations Controller will provide global technical accounting and operational guidance and mentorship to APAC and US staff for our close, consolidation and financial reporting processes, and will have responsibilities for preparing or reviewing 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.
• The ideal candidate combines strong technical accounting expertise with hands-on operational experience in a fast-paced, global organization, coupled with advocacy for strong SOX controls and effective ICFR processes.

Responsibilities

• • 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.
• • Lead worldwide Oracle instance and other related business information systems
• • Lead automation projects and consider AI tools to improve process efficiencies
• • Manage and mentor accounting staff in APAC and the US
• • Establish clear goals, training, and development plans to support a high-performing global team.

Requirements

• • Bachelor’s degree in Accounting or Finance, including completion of Accounting and Audit courses
• • CPA required
• • 10+ years of audit and accounting experience, including minimum 5 years in public accounting (US financial audit under US GAAP)
• • Strong knowledge of U.S. GAAP and financial reporting, including ASC 606 revenue recognition and inventory/cost accounting
• • Hands-on Oracle experience preferred
• • Experience leading 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

Skills

Required

• ASC 606 revenue recognition
• Inventory/cost accounting
• CPA
• Strong attention to detail

Preferred

• Hands-on Oracle experience

Benefits

• 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 visit https://www.power.com/company/our-sustainability-priorities/people-our-engine-innovation.
• 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 $170,000 and $230,000. 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.