Accounting Manager

About Parsec

Parsec Automation, LLC (Parsec) is a trailblazing creator and provider of manufacturing operations management software. Consistently recognized by organizations like Gartner and IDC and a winner of numerous awards, including the Data Breakthrough Awards, American Business, and Best in Biz, Parsec exemplifies leadership in the dynamic, fast-paced manufacturing sector. With major companies such as Johnson & Johnson, Merck, Toyota, Proctor & Gamble, Eli Lilly, Hershey, Siemens, and DuPont leveraging its innovative TrakSYS platform to tackle even the most complex manufacturing challenges, Parsec's solutions are actively optimizing efficiency, quality, and compliance at over 11,000 plants in more than 140 countries. Committed to customer success and driven by innovation, Parsec continues to fulfill its mission of making the management of manufacturing operations as simple as possible.

Parsec is backed by BVP Forge, a $780M fund in partnership with the $20B Bessemer platform that has backed industry-defining businesses such as LinkedIn, MindBody, Procore, Shopify, and Toast. BVP Forge combines Bessemer's front-line industry insights, proven growth IP, and robust executive network with tailored resources for self-sustaining companies and the ForgeEdge operational program.

Role

We are seeking an ambitious and detail-oriented Accounting Manager to join our finance team. This is a unique opportunity for someone who is tenacious, growth-focused, and technically proficient to make a significant and immediate impact for Parsec.

As the Accounting Manager, you will play a key role in shaping and scaling the accounting department, driving efficiencies, and influencing financial operations across the organization. You'll oversee day-to-day accounting functions, manage the month-end close process, and contribute to financial reporting, while collaborating with senior leadership to refine processes and influence a high-performing team. With tremendous room for growth and development, this role offers an exciting chance to advance your career and contribute to the success of a dynamic, fast-paced company.

Key Responsibilities

Accounting Operations Management

• Oversee and uphold the integrity of daily accounting operations by reviewing workflows, enforcing internal controls, and providing guidance on order and transaction processing.
• Ensure the accuracy and timeliness of financial transactions by reviewing and approving the work of the accounting team, including the Controller, while ensuring alignment with company policies and US GAAP.

Month-End Close and Year-End Close

• Facilitate the month-end and year-end close processes, ensuring all activities are completed on schedule.
• Prepare and review schedules, journal entries, balance sheet reconciliations, and variance analyses.
• Identify opportunities to streamline close processes and implement best practices to improve efficiency and accuracy.

Technical Accounting Expertise

• Provide technical accounting guidance by determining areas for new policies, identifying areas for improvement in existing policies, and leading the development, implementation, and ongoing updates to ensure compliance with evolving standards.
• Ensure financial statements are compliant with US GAAP, with a focus on the following areas:
  • ASC 606 - Oversee revenue recognition, ensuring proper application of contract terms and accurate reporting.
  • ASC 340-40 - Manage accounting for costs to acquire or fulfill customer contracts, including deferral and amortization.
  • ASC 842 - Administer lease accounting, ensuring proper identification, classification, and measurement.
  • ASC 326 - Lead processes for estimating and recognizing credit losses on financial assets.
  • ASC 350-40 - Oversee capitalization and amortization of internal-use software development costs.
  • ASC 985 - Manage accounting for externally marketed software, ensuring accurate cost treatment and amortization.

Cross-Functional Initiatives

• Collaborate with department personnel to gather data, clarify financial information, and ensure accounting policies are applied correctly across the company.
• Provide strategic insights and data support to the Finance team to aid decision-making and interpretation.

Audit and Compliance

• Maintain and strengthen internal controls, ensure compliance with accounting standards, company policies, and regulatory requirements, and proactively develop audit-ready processes to minimize misstatements and improve audit efficiency.
• Engage in internal and external audits by providing relevant documentation and responding to auditor inquiries promptly and accurately.
• Assist with compliance-related research, assessments, and implementation efforts concerning federal, state, and international tax and filing requirements, helping to determine applicable obligations and ensuring timely execution in accordance with relevant regulations.

Process Improvement

• Identify opportunities to optimize and enhance efficiency within accounting operations.
• Implement best practices to streamline functions, evolve systems, improve reporting accuracy, and reduce manual tasks.

Qualifications

Education and Experience

• Bachelor's degree in Accounting, Finance, or a related field required.
• Public accounting experience and CPA required.
• 4-6+ years of progressive accounting experience required, ideally in corporate or public accounting environments.
• Experience in a technology, software, or rapidly growing company is preferred.

Subject Matter Expertise

• Strong understanding of US GAAP, financial reporting, and internal controls.
• Proficient with accounting software (e.g., NetSuite, Ramp) and Microsoft Suite (e.g., Excel, Outlook, SharePoint, Teams).

Core Competencies

• Strong analytical, organizational, and problem-solving skills, with attention to detail and accuracy.
• Excellent communication skills, both written and verbal, with the ability to explain complex financial data to non-financial stakeholders.
• Ability to handle multiple priorities in a fast-paced environment and meet deadlines consistently.

Benefits

• $115,000 to $125,000 annual salary
• Hybrid schedule (3 days onsite / 2 days remote)
• Variable Bonus based on company and individual performance
• 401(k) with company match
• 100% Company-paid health insurance premiums for employee
• Flexible vacation time
• Outstanding team environment

Location

This role is based in Anaheim, California