Job Description WHO WE ARE Together we are a world-class diversified manufacturer with a commitment from our team to proudly provide pure precision solutions to our customers, delivering superior quality, value, and service. Ferrotec (USA) Corporation is a technology company with a worldwide presence in various end products, manufacturing systems, and industries serving primarily the semiconductor industry. We provide our customers with advanced materials, components, systems, and manufacturing solutions. Please visit www.ferrotec.com for a list of office locations. HOW YOU MAKE AN IMPACT The Senior Accountant is responsible for managing the day-to-day revenue-related accounting tasks, ensuring accurate and timely revenue recognition, as well as overseeing the preparation and review of monthly financial statements. This role requires strong attention to detail, a solid understanding of accounting principles, and the ability to manage multiple priorities. The Senior Accountant will work closely with cross-functional teams to ensure the accuracy of financial data, compliance with internal controls, and the successful completion of monthly close procedures. WHAT SUCCESS LOOKS LIKE Day-to-Day Revenue Tasks: 1. Revenue Recognition o Ensure timely and accurate recognition of revenue in accordance with the company’s revenue recognition policies and applicable accounting standards (e.g., ASC 606). o Review sales contracts, service agreements, and customer invoices to ensure proper revenue recognition. o Maintain and update revenue schedules, ensuring accuracy in recognizing recurring and non-recurring revenue. 2. Accounts Receivable Management o Monitor and review customer payments and account balances. o Assist with the preparation of customer billing and follow up on outstanding receivables. o Investigate and resolve discrepancies related to accounts receivable transactions. 3. Revenue Reporting o Prepare daily, weekly, or monthly reports detailing revenue trends, billing information, and collection status. o Track sales-related performance metrics and assist in preparing ad hoc revenue reports for management. 4. General Ledger Maintenance o Record daily revenue transactions in the general ledger (GL), ensuring proper coding and classification. o Reconcile revenue-related GL accounts to ensure all entries are accurate and complete. 5. Coordination with Sales and Operations o Collaborate with sales, billing, and operations teams to address any discrepancies or issues related to revenue or customer accounts. o Provide support for contract renewals, amendments, or adjustments that affect revenue recognition. Monthly Tasks: 1. Monthly Close Process o Lead and manage the month-end close process, ensuring all revenue transactions are accurately recorded and reconciled. o Prepare and review journal entries related to revenue and customer transactions. o Assist with the completion of financial statement schedules for revenue-related accounts. 2. Revenue Analysis o Perform variance analysis on revenue performance versus budget or forecast, identifying trends, discrepancies, or potential issues. o Assist in preparing management reports and financial commentary on revenue performance. 3. Balance Sheet Reconciliations o Perform monthly reconciliations of revenue-related accounts, including accounts receivable, deferred revenue, and revenue accruals. o Resolve any discrepancies and ensure all items are appropriately documented. 4. Compliance and Controls o Ensure compliance with accounting standards, policies, and internal controls related to revenue and billing. o Assist in implementing improvements to revenue processes to maintain compliance and efficiency. 5. Financial Reporting Preparation o Support the preparation of monthly financial statements and provide revenue-related information to the Controller or senior leadership team. o Assist with the creation of forecasts and annual budget related to revenue streams. 6. Audit and Tax Support o Assist with internal and external audits by providing necessary revenue-related documentation and reports. o Support preparation for tax filings, ensuring that all revenue-related information is accurate and complete. Not a comprehensive list of duties. Duties may change without notice at management’s sole discretion WHAT YOU NEED TO BE SUCCESSFUL • Education: Bachelor’s degree in accounting, Finance, or a related field. CPA or equivalent professional designation is a plus. • Experience: At least 3-5 years of experience in accounting or finance, with a focus on revenue recognition, accounts receivable, or financial reporting. • Technical Skills: Proficiency in accounting software (e.g., Oracle, SAP, Floqast, Concur), Microsoft Excel, and familiarity with accounting standards (e.g., GAAP, ASC 606). • Analytical Skills: Strong ability to analyze financial data, identify trends, and provide insights into revenue performance. • Attention to Detail: High level of accuracy and attention to detail, especially when managing revenue recognition and reconciliations. • Communication: Strong interpersonal and communication skills to collaborate with cross-functional teams and senior management. • Organizational Skills: Ability to manage multiple tasks and deadlines in a fast-paced environment. PERKS OF JOINING OUR TEAM With positive values, a productive atmosphere, and a commitment to excellence, Ferrotec encourages employees to maximize and realize their potential. The salary range included in this job posting is relevant to applicants who reside or work in the Livermore, CA area only. Salary offers will depend on experience, knowledge, skills, education, and location. Actual salary may vary due to these and other factors. Ferrotec is proud to offer a Competitive Benefits Package including Medical, Dental, Vision, Life & Disability, 401K Matching, Flexible Work Hours, Tuition Reimbursement, Leadership Development, Travel and Hotel Discounts, Paid Time Off, Sick & Wellness and Volunteer Time, Employee Recognition Program, Employee Engagement & Appreciation Events hosted throughout the year. Virtual Wellness Activities and Classes are available to all employees & family members and Much More! We would love to get to know you better and you get to know us better! You can easily apply! We are proud to be an Equal Opportunity and Affirmative Action employer and consider qualified applicants without regard to race, color, creed, religion, ancestry, national origin, sex, sexual orientation, gender identity, age, disability, veteran status, or any other protected factor under federal, state or local law. Requirements