Accounting Manager; Temporary Position

General Summary

The Accounting Manager (Temporary) will be a key member of the accounting department and supplement the department’s various functions, including financial statement close, reporting and international operations and technical accounting areas such as leases and clinical accruals. This person will be responsible for managing various projects and actively participate in the implementation of new systems, policies, and procedures.

This position is open due to a planned leave in our finance department. We anticipate a duration of 4-6 months, though it could extend longer. For training purposes, the start date is imminent, and we are actively interviewing qualified applicants.

• Partner with accounting functional leads to assist with financial statement close, reporting and departmental objectives.
• Oversee the end-to-end lease accounting process (ASC 842), including the review of new lease agreements, maintenance of lease accounting software/schedules, and reconciliation of Right-of-Use (ROU) assets and lease liabilities.
• Manage clinical accounting operations, including collaborating with Clinical Operations to estimate complex clinical trial accruals, tracking R&D expenses, and ensuring accurate prepaid and liability balances.
• Execute and review corporate cost allocations to ensure accurate distribution of expenses across functional areas for reporting purposes.
• Lead various projects including new entity set up, system implementations and accounting for specific transactions as needed.
• Coordinate implementation of process improvement projects to optimize the overall efficiency and effectiveness of the broader finance and accounting functions.
• Participate in key initiatives and assist with other projects needed.
• Adhere to the Company’s Quality Management System (QMS) as well as domestic and global quality system regulations, standards, and procedures.
• Understand relevant security, privacy, and compliance principles and adhere to the regulations, standards, and procedures that are applicable to the Company.
• Ensure other members of the department follow the QMS, regulations, standards, and procedures.
• Perform other work-related duties as assigned.

* Indicates an essential function of the role

• Bachelor's degree in Accounting, Finance, or a related field, with 5+ years of related experience in positions with increasing accounting responsibilities or an equivalent combination of education and experience.

• Certified Public Accountant (CPA) is highly preferred.
• Experience with lease accounting standards (ASC 842) and clinical trial accounting is a plus.
• Strong knowledge of accounting concepts related to internal controls.
• Significant experience and a high level of comfort presenting to Executives and communicating with people across all levels of a highly matrixed organization.

• General office environment.
• Willingness and ability to work on site in our Alameda, CA office. May have business travel from 0% - 10%.
• Potential exposure to blood-borne pathogens.
• Requires some lifting and moving of up to 15 pounds.
• Must be able to move between buildings and floors on your assigned Campus for meetings and to access file cabinets or supplies, as needed.
• Must be able to remain stationary and use a computer or other standard office equipment, such as a printer or copy machine, for an extensive period each day.
• Must be able to read, prepare emails, and produce documents and spreadsheets.
• Must be able to communicate in-person as well as via phone or email and exchange accurate information with employees at all levels daily.

Individual compensation will vary based on factors such as qualifications, skill level, competencies, and work location.

• A collaborative teamwork environment where learning is constant, and performance is rewarded.
• The opportunity to be part of the team that is revolutionizing the treatment of some of the world's most devastating diseases.
• A generous benefits package for eligible employees that includes medical, dental, vision, life, AD&D, short and long-term disability insurance, 401(k) with employer match, an employee stock purchase plan, paid parental leave, eleven paid company holidays per year, a minimum of fifteen days of accrued vacation per year, which increases with tenure, and paid sick time in compliance with applicable law(s).

Penumbra, Inc., headquartered in Alameda, California, is a global healthcare company focused on innovative therapies. Penumbra designs, develops, manufactures, and markets novel products and has a broad portfolio that addresses challenging medical conditions in markets with significant unmet need. Penumbra sells its products to hospitals and healthcare providers primarily through its direct sales organization in the United States, most of Europe, Canada, and Australia, and through distributors in select…