Sr Director, Revenue Recognition and Technical Accounting

Company: Sanmina Corporation
Location: San Jose
Posted on: November 13, 2024

Job Description:

Sr Director, Revenue Recognition and Technical Accounting - (92450)Category (For Job Seekers): Finance/AccountingLocation: H7000 - Working From Home - San Jose, CA 95134 USH8001 - HR Campus Corporate - San Jose, CA 95134 US (Primary)Job DescriptionSanmina Corporation (Nasdaq: SANM) is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina Corporation provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, defense and aerospace, industrial and semiconductor systems, medical, multimedia, computing and storage, automotive and clean technology sectors.Nature of Duties/Responsibilities

• Oversee global revenue policy compliance and provide practical direction to the Accounting organization in the areas of revenue recognition.
• Develop, document, and maintain global revenue recognition policies, procedures, and controls ensuring consistent implementation.
• Establish monitoring processes to ensure policy compliance and effectiveness of revenue controls.
• Lead the implementation process and activities on all cross-functional deals for Finance teams from initial development of appropriate revenue accounting treatment providing a clear roadmap for ongoing ownership to complete the implementation.
• Act as a business partner to Commercial Sales, including providing options and recommendations for deal structure and contract language to enable revenue growth while ensuring accounting compliance.
• Ensure compliance with accounting standards, provide technical accounting guidance, and support the company's financial reporting process.
• Research technical accounting topics and author technical accounting memos for complex or non-routine transactions.
• Review quarterly ASC 718 share-based compensation entries and rollforward.
• Responsible for calculation of Earnings Per Share (EPS).
• Lead M&A finance due diligence efforts, including planning, review, reporting, and integration.
• Maintain internal controls and evaluate actions required for compliance with the company's revenue accounting processes.
• Build organizational competency in revenue and technical accounting concepts through training, coaching, and process monitoring.
• Lead implementation of new accounting policies worldwide, as well as new accounting pronouncements, in collaboration with Regional Controllers to drive team and organizational success.
• Drive process improvements and automation initiatives to enhance efficiency, accuracy, and scalability of accounting operations in area of responsibility.
• Help Finance organization with ad hoc projects on an as needed basis.Education and Experience
• 15+ years accounting experience with a combination of Big 4 and industry experience.
• CPA or equivalent.
• Strong, in-depth knowledge of ASC 606 rules and US GAAP accounting rules.
• Operational experience with revenue recognition ideally in a manufacturing organization.
• Ability to think outside the box, comfortable with ambiguity and provide suggestions and guidance.
• Ability to communicate highly technical perspectives to individuals with varying degrees of experience in the subject matter.
• Experience in leading various revenue system implementations.Sanmina is an Equal Opportunity Employer - M/F/Veteran/Disability/Sexual Orientation/Gender Identity.Salary Range (annual): $170,000 - $210,000In addition, Sanmina Provides a variety of benefits including health insurance coverage, life and disability insurance, savings plan, company paid holidays and paid time off (PTO) for vacation and/or personal business.
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