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Cost Accountant
3 months ago
Block is one company built from many blocks, all united by the same purpose of economic empowerment. The blocks that form our foundational teams - People, Finance, Counsel, Hardware, Information Security, Platform Infrastructure Engineering, and more - provide support and guidance at the corporate level. They work across business groups and around the globe, spanning time zones and disciplines to develop inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.
Job Description
The Block Accounting team is looking to hire a Cost Accountant that will be an integral part of our growing team. As Block continues to expand its presence around the globe, we're looking to bring in an individual who will be a key part of the team in accounting for our hardware team. Our global supply chain model uses a contract manufacturing model, experience in this area is preferred.
You Will
- Collaborate cross-functionally with business operations to ensure accurate monthly financial closing, these areas include but are not limited to calculations and analyses of inventory balances, warranty reserves, capital expenditures, margin analysis, R&D operating expenses and other inventory reserve accounts
- Prepare detailed account analysis, balance sheet reconciliations for respective GL accounts, COGS reconciliation and cost proof for month end financial review
- Review and explain month to month fluxes on balance sheet and P&L statements
- Analyze and validate the cost of goods sold (and deferred cost of goods sold) as part of the month-end close
- Prepare manual journal entries related to expense and in-transit inventory accruals
- Collaborate with the Logistics team and Hardware Business Systems team to resolve inventory discrepancies by performing reconciliation against warehouse and Oracle reporting
- Collaborate cross-functionally with the business operations and business systems teams for process improvements and automation in the supply chain and inventory modules of Oracle
- Perform standard cost review quarterly and work closely with Operations to review changes and impacts
- Review SOX controls and process documents to ensure adherence of internal controls and ensure process integrity with Cost/Inventory and work with team members to resolve process issues and implement process improvements
- Support quarter-end and year-end audit including potential physical inventory count at third party logistics warehouse
- 2+ years accounting experience in industry
- Experience working with external auditors desired
- Understanding of Cost Accounting, Supply Chain and Operations desired
- Experience working with ERP system such as Oracle Cloud
- Experience with financial and operational controls
- Experience implementing process improvements
- Demonstrated experience in systems skills-Intermediate MS excel (can maintain complex spreadsheets: x-lookup, sumif, pivot tables, etc)
- Passion for Square. Strong interest in technology / knowledge of the industry
- Bachelor's degree in Accounting, Finance, Economics, or related field
Block takes a market-based approach to pay, and pay may vary depending on your location. U.S. locations are categorized into one of four zones based on a cost of labor index for that geographic area. The successful candidate's starting pay will be determined based on job-related skills, experience, qualifications, work location, and market conditions. These ranges may be modified in the future.
Zone A: USD $80,200 - USD $120,200
Zone B: USD $74,500 - USD $111,700
Zone C: USD $68,200 - USD $102,200
Zone D: USD $60,200 - USD $90,200
To find a location's zone designation, please refer to this resource. If a location of interest is not listed, please speak with a recruiter for additional information.
Full-time employee benefits include the following:
- Healthcare coverage (Medical, Vision and Dental insurance)
- Health Savings Account and Flexible Spending Account
- Retirement Plans including company match
- Employee Stock Purchase Program
- Wellness programs, including access to mental health, 1:1 financial planners, and a monthly wellness allowance
- Paid parental and caregiving leave
- Paid time off (including 12 paid holidays)
- Paid sick leave (1 hour per 26 hours worked (max 80 hours per calendar year to the extent legally permissible) for non-exempt employees and covered by our Flexible Time Off policy for exempt employees)
- Learning and Development resources
- Paid Life insurance, AD&D, and disability benefits
These benefits are further detailed in Block's policies. This role is also eligible to participate in Block's equity plan subject to the terms of the applicable plans and policies, and may be eligible for a sign-on bonus. Sales roles may be eligible to participate in a commission plan subject to the terms of the applicable plans and policies. Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans.
US and Canada EEOC Statement
We're working to build a more inclusive economy where our customers have equal access to opportunity, and we strive to live by these same values in building our workplace. Block is a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, without regard to race, color, religion, gender, national origin, age, disability, pregnancy, gender expression or identity, sexual orientation, citizenship, or any other legally protected class.
We believe in being fair, and are committed to an inclusive interview experience, including providing reasonable accommodations to disabled applicants throughout the recruitment process. We encourage applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible. Want to learn more about what we're doing to build a workplace that is fair and square? Check out our I+D page
Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.
Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.
While there is no specific deadline to apply for this role, on average, U.S. open roles are posted for 70 days before being filled by a successful candidate.
