Diamond Foundry

Manufactures diamond wafers for thermal management

Intercompany Accountant

Financial AccountingPosted on Nov 13

Full-timeCalifornia, USA$75k - $90k /yrIn-person

About the Job

Requirements

A Bachelor's degree in Accounting or Finance is required.
At least 2 years of accounting experience, including hands-on month-end close experience, is required.
Experience at a multi-entity global company transacting in multiple currencies is required; experience in manufacturing, inventory-heavy, or vertically integrated businesses is preferred.
Advanced spreadsheet skills, including complex formulas, pivot tables, and multi-tab models, are required.
The ability to own work end to end, collaborate cross-functionally with non-accounting teams, and identify process improvements is required.

Responsibilities

Own intercompany journal entries, including transfer pricing, intercompany sales and cost of goods sold, shared-expense cross charges, and cash settlements.
Prepare elimination and consolidation entries, including intercompany profit-margin elimination and payable and receivable netting.
Reconcile intercompany payable, receivable, and investment accounts between subsidiaries and prepare supporting schedules within the close calendar.
Oversee intercompany purchase order and sales order creation in NetSuite, track intercompany billing, and investigate unbilled or unmatched activity.
Assist with ad hoc projects, process improvements, and audit requests.
Prepare transactions in subsidiaries' functional currencies and support foreign exchange revaluation, cumulative translation adjustment, and consolidation into the U.S. parent company's U.S. dollar financial presentation.
Prepare recurring and ad hoc intercompany entries, maintain and reconcile intercompany accounts, and contribute to accelerated month-end close.

Desired Qualifications

Working knowledge of intercompany entries, transfer pricing, elimination entries, foreign exchange revaluation, and cumulative translation adjustments is a plus.
Experience with NetSuite OneWorld or a similar multi-subsidiary enterprise resource planning system is a plus.

Salary Range: 75000 to 90000 (Currency: USD) (Pay period: per-year-salary)

We are hiring an Accountant to own intercompany processes across a global group of roughly 20 subsidiaries in the United States, Spain, Germany, UAE, among other countries. This role will prepare transactions in the various functional currencies of these subsidiaries, which will require knowledge of foreign exchange revaluation, cumulative translation adjustment, and consolidation into the US Parent company USD financial presentation.

This role will report to a Senior Accountant and will require collaboration with the wider global accounting team. You will prepare recurring and ad-hoc intercompany entries, maintain and reconcile intercompany accounts, and be a key player in our accelerated month-end close.

Responsibilites

Own intercompany journal entries, including transfer pricing, intercompany sales and COGS, cross charges for shared expenses, and cash settlements

Prepare elimination and consolidation entries, including intercompany profit margin elimination and payable and receivable netting

Reconcile intercompany payable, receivable, and investment accounts between subsidiaries and prepare supporting schedules within the close calendar

Oversee intercompany purchase order and sales order creation in NetSuite, track intercompany billing, and investigate unbilled or unmatched activity

Assist with ad hoc projects, process improvements, and audit requests

Requirements

Bachelor’s degree in Accounting or Finance with 2+ years of accounting experience, including hands-on month-end close experience

Experience at a multi-entity global company transacting in multiple currencies, ideally in manufacturing, inventory-heavy, or vertically integrated businesses

Working knowledge of intercompany entries, transfer pricing, elimination entities, foreign exchange revaluation, and cumulative translation adjustments is a plus

Advanced spreadsheet skills, including complex formulas, pivot tables, and multi-tab models. Experience with NetSuite OneWorld or similar multi-subsidiary ERP is a plus

Exceptional organization and communication skills, with the ability to own work end to end, collaborate cross-functionally with non-accounting teams, and seek out process improvements

About the Company

Diamond Foundry

Manufactures diamond wafers for thermal management

Diamond Foundry produces single crystal diamond wafers used to improve heat management in high-tech systems. They develop and manufacture semiconductor-grade diamond wafers and related technologies for B2B customers, including AI, EVs, and wireless communications, to help devices run cooler and more efficiently. The wafers leverage diamond's exceptional thermal conductivity to spread and dissipate heat from powerful chips beyond what traditional materials can handle. They differentiate themselves by offering a sustainable, zero-carbon production process and a complete semiconductor-grade tech stack, targeting Tier 1 automakers and other high-tech firms. Their goal is to lead in both advanced materials and environmental sustainability by providing reliable, high-performance cooling solutions for mega tech applications.

Company size: 201-500
Company stage: Grant
Total funding: $1.3B
Headquarters: South San Francisco, CA
Founded: 2012

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