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Full-Time

EM4 Accounting Manager

Posted on 5/16/2024

Luminar Technologies

Luminar Technologies

501-1,000 employees

Develops lidar systems for autonomous vehicles

Automotive & Transportation
Hardware
Enterprise Software
AI & Machine Learning

Compensation Overview

$110k - $150kAnnually

+ Equity Awards

Mid, Senior

Bedford, MA, USA + 1 more

Category
Financial Accounting
Management Accounting
Accounting
Requirements
  • Bachelor’s degree in Accounting
  • Big 4 experience required and an active CPA preferred
  • Excellent knowledge of Excel
  • Detailed knowledge of ASC 606 and relevant current accounting rules relating to NRE services and product revenue recognition
  • Experience with DCAA/government project accounting is preferred
  • Understanding of Order to cash (OTC), Procure to Pay (PTP), Design to build business processes
  • Understanding of gross margin, COGS components, inventory and production accounting is preferred
  • Experience with the development and implementation of internal controls for SOX 404 compliance
  • Highly detail-oriented and organized individual with the ability to manage multiple assignments and work with tight deadlines
  • Ability to expand job responsibilities, suggest improvements, and collaborate with others to generate ideas for improved processes
  • Self-driven, high initiative individual, and a strong team player with upbeat positive and flexible attitude
Responsibilities
  • Review customer contracts to ensure consistent application of revenue recognition policies
  • Determine appropriate accounting treatment and document conclusions
  • Partner with various departments during contract negotiations
  • Prepare revenue calculations for NRE services and product revenue
  • Assist with month-end close deliverables and review journal entries
  • Lead and manage development, maintenance, documentation, and implementation of internal controls
  • Assist with the preparation of technical accounting memos
  • Assist with audit requests and interface with internal and external auditors
  • Manage system automation and implementation projects
  • Assist with or lead ad-hoc reporting requests and projects

Luminar Technologies develops advanced lidar systems and software essential for autonomous vehicles. Their lidar technology uses laser light to create detailed 3D maps of the environment, allowing self-driving cars to navigate safely. The company serves over 50 clients, including 8 of the top 10 global automakers like Volvo and Nissan, establishing itself as a key player in the automotive industry. Luminar's business model focuses on manufacturing and selling lidar systems to automotive manufacturers and suppliers, while also exploring applications in trucking and smart city projects. What sets Luminar apart from competitors is its strong partnerships and long-term contracts with major automotive companies, along with its commitment to meeting high performance and safety standards. The goal of Luminar Technologies is to make autonomous transportation safe and widely adopted by providing reliable lidar technology and software solutions.

Company Stage

IPO

Total Funding

$861.8M

Headquarters

Orlando , Florida

Founded

2012

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

0%

2 year growth

19%
Simplify Jobs

Simplify's Take

What believers are saying

  • Luminar's partnerships with industry giants like Volvo and Nissan provide significant growth opportunities and market validation.
  • The launch of Sentinel software and the next-generation Halo lidar sensor positions Luminar as a leader in autonomous vehicle technology.
  • The company's financial success is driven by its ability to secure long-term contracts and its continuous innovation in lidar technology.

What critics are saying

  • The competitive landscape of autonomous vehicle technology is fierce, with giants like Tesla potentially eroding Luminar's market share.
  • High dependency on a few major clients could impact revenue stability if any partnerships are lost.

What makes Luminar Technologies unique

  • Luminar's focus on lidar technology and its partnerships with 8 of the top 10 global automakers, including Volvo and Nissan, set it apart from competitors in the autonomous vehicle space.
  • The launch of Sentinel software and the next-generation Halo lidar sensor demonstrate Luminar's commitment to continuous innovation and technological advancement.
  • Luminar's ability to secure long-term contracts and its involvement in diverse sectors like trucking, robo-taxis, and smart city projects diversify its market reach and revenue streams.
INACTIVE