Senior Cost Accountant

at  MAINSPRING ENERGY INC

COMPANY OVERVIEW

Driven by our vision of the affordable, reliable, net-zero carbon grid of the future, Mainspring has developed a new category of power generation — the linear generator — that delivers local, scalable, and fuel-flexible power to help accelerate the transition to the net-zero carbon grid.
The unique combination of attributes offered by Mainspring’s linear generator enables applications on both the commercial and utility sides of the meter for the $816B global electricity equipment market. We serve a wide range of Fortune 500 customers across markets and industries as well as top-tier utilities and other gridside providers.

We are looking to build relationships with people who share our values:

• Pragmatic Optimism. Building a new category of world-class power generation requires the optimism of ambition and creativity, balanced with practicality to solve problems efficiently. The challenges that arise are opportunities for growth.
• Excellence without Ego. We bring expertise and commitment to creating the best customer experience, from sales to deployment and service, just as we apply deep technical rigor to building and delivering world-class products. We strive for excellence and behave as leaders with the humility to acknowledge our challenges, both collectively and as individual contributors.
• Proactive Collaboration. The integration and cross-disciplinary nature of Mainspring’s business requires intentionally seeking out others who bring different skills, perspectives, and priorities. Our culture of inclusion and respect extends beyond our team to interactions with our partners and customers.

Mainspring is based in Menlo Park and has partnered with top-tier investors and utilities such as Khosla Ventures, Bill Gates, NextEra, and American Electric Power. More information can be found at www.mainspringenergy.com.

QUALIFICATIONS

• Bachelor’s degree in Business, Accounting or Finance. CPA, or substantial progress towards achieving CPA certification, a plus
• 5+ years’ experience in cost accounting
• Start-up or high-growth company experience a plus; self-starter
• Experience in manufacturing company a must
• Highly desired if experience on product with a complex BOM
• Netsuite a plus
• Good with large sets of data and comfortable with analyzing inventory movements
• Ability to effectively and proactively communicate with different levels and groups
  The Bay Area salary wage for this role is $105k-$140k + pre-IPO stock options + benefits. This position can be hybrid. The salary will be adjusted to reflect local market conditions based on employee location as well as the experience of the employee.
  Does your experience not meet all of our posted requirements? Studies have shown that some people are less likely to apply to positions unless they meet every listed requirement. At Mainspring, we are committed to building a diverse, inclusive, flexible, and collaborative environment, so if you want to help us transition the world to clean and affordable electricity, and don’t meet all posted requirements for a particular role, we’d still love to hear from you. Mainspring can sometimes be flexible enough to shift responsibilities for the right person, or otherwise identify open or upcoming roles that may better fit your professional background.
  In more traditional words, Mainspring Energy, Inc is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
  This compensation and benefits information is based on Mainspring Energy’s estimate as of the date of publication and may be modified in the future. We generally do not negotiate on salary once we have made an offer. The level of pay within the range will depend on a variety of job-related factors that may include location, relevant prior experience and/or education, or particular skills and expertise. New hires joining the company tend to be paid within the starting base pay range noted above, with opportunities to increase pay over time based on development of additional skills, competencies, and company-specific knowledge

Our finance group is looking for an analytical, self-motivated and result-oriented Senior Cost Accountant. Reporting to the Director, Finance Operations, you will own, define, and refine policies and processes for all things related to cost accounting. You will manage product cost globally, inventory management, and monthly financial close in accordance to US GAAP. We desire a problem solver to tackle continual process improvement and refinement. Support on understanding product cost from our contract manufacturer along with a complex supply chain is critical in this role.

• Develop and maintain product costing policies, procedures, and controls for linear generators purchased from our contract manufacturer, including but not limited to tolling arrangements, consignment, or other inventoriable related costs.
• Understand and perform regular cost reviews with business leaders for total product cost and how changes to spending impacts P&L.
• Partner with key stakeholders to develop and maintain understanding on global inventory transactions and valuation, including E&O exposure.
• Accurate and timely support for monthly close process for inventory, product cost, and parts utilization; prepare the necessary journal entries and ensure proper recording in the ERP.
• Perform balance sheet recons and provide narratives on the P&L for inventory variances and factory related costs.
• Maintain GAAP compliance and controls for cost accounting function.
• Continual improvement and refinement of costing procedures and systems that align with the changing business.
• Participate and support the financial audit process; includes driving annual physical inventory procedures as well as the gathering and explanation of supporting documentation.
• Assist with special projects, as needed.