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Manager of Revenue and Technical Accounting

2 months ago

Palo Alto, California, United States Current Job Openings Full time

At PsiQuantum, we are driven by the belief that quantum computing will revolutionize industries reliant on extensive computational power. Our mission is to construct the world's first practical quantum computer, capable of delivering groundbreaking results. Achieving this requires 1 million qubits, robust error correction, a scalable framework, and an efficient data center footprint.

Quantum computers leverage the principles of quantum physics to offer exponential performance enhancements over today's leading supercomputers, paving the way for remarkable advancements across diverse sectors such as climate science, energy, healthcare, pharmaceuticals, finance, agriculture, transportation, materials innovation, and beyond.

Our unique approach, grounded in photonics, positions PsiQuantum to realize the potential of quantum computing ahead of our competitors. We utilize established high-volume semiconductor manufacturing processes, which are currently producing billions of chips for telecommunications and consumer electronics. Additionally, our technology benefits from existing cryogenic cooling systems, similar to those used at renowned facilities. The speed of photons allows for rapid communication between subsystems via standard fiber connections.

Our dedicated team is focused on developing a utility-scale quantum computer and the necessary software tools to create fault-tolerant quantum applications. We are a collaborative group united by a common goal: to build the world's first functional quantum computer as swiftly as possible.

Position Overview:

The Revenue and Technical Accounting Manager, reporting directly to the Corporate Controller, plays a vital role in overseeing revenue recognition processes while ensuring adherence to accounting standards and regulatory obligations. This position also provides essential technical accounting insights to facilitate complex transactions and financial reporting.

Key Responsibilities:

  • Revenue Recognition:
    • Analyze sales contracts to determine revenue recognition implications in line with relevant accounting standards (e.g., ASC 606).
    • Collaborate with sales, legal, and finance teams to guarantee accurate and timely revenue recognition from contracts.
    • Conduct revenue reconciliations and analyses to confirm the completeness and accuracy of reported revenue.
    • Stay informed about changes in revenue recognition regulations to ensure compliance.
  • Technical Accounting:
    • Investigate and interpret complex accounting issues and transactions, offering guidance and recommendations to management.
    • Assess the accounting treatment of significant transactions, including lease accounting, stock-based compensation, and debt and equity transactions.
    • Draft technical accounting memos documenting conclusions and supporting rationale.
    • Assist in the implementation of new accounting standards and policies.
  • Financial Reporting:
    • Prepare revenue-related financial statements, disclosures, and schedules for both internal and external reporting.
    • Support the preparation of annual financial statements, ensuring compliance with GAAP and regulatory standards.
    • Facilitate the audit process by providing documentation and explanations related to revenue recognition and technical accounting issues.
  • Internal Controls and Process Enhancement:
    • Develop and maintain internal controls related to revenue recognition and technical accounting processes to ensure accuracy and compliance.
    • Identify opportunities to streamline processes, enhance efficiency, and improve the quality of financial reporting.
    • Engage in cross-functional projects and initiatives aimed at implementing process improvements and system enhancements.
Qualifications:
  • Bachelor's degree in Accounting, Finance, or a related field; CPA certification is preferred.
  • 8+ years of progressive experience in revenue and technical accounting, ideally with a blend of Big-4 and industry experience.
  • Proven expertise in researching and documenting accounting guidance and the treatment of complex transactions.
  • Strong analytical and problem-solving abilities with meticulous attention to detail.
  • Effective communication skills, including technical report writing, with the capacity to convey complex accounting issues to non-accounting stakeholders.
  • Ability to work independently, prioritize tasks, and meet deadlines in a dynamic environment.
PsiQuantum is committed to providing equal employment opportunities for all applicants and employees, without discrimination based on race, color, religion, sex, gender identity, national origin, age, disability, veteran status, marital status, sexual orientation, or any other protected status.