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About this Inventory Accounting Manager role at Figure

Figure · Onsite · San Jose, CA

Figure is an AI robotics company developing autonomous general-purpose humanoid robots. The goal of the company is to ship humanoid robots with human level intelligence. Its robots are engineered to perform a variety of tasks in the home and commercial markets. Figure is headquartered in San Jose, CA.

We are looking for an Accounting Manager, with a focus on Inventory. This role will own the inventory and cost accounting, including building processes and deploying systems from end to end.

Responsibilities:

Cost Accounting and Inventory Management

  • Track and reconcile inventory across raw materials, subassemblies, WIP, and finished goods.

  • Manage data integrity between ERP (NetSuite) and operational systems (MES, PLM, WMS). Resolve discrepancies between quantities, costs, and system records across locations or systems (e.g., NetSuite vs. MES).

  • Maintain cost model, including overhead allocation and labor/machine rates.

  • Analyze purchase price variances (PPV), material usage variances, and production inefficiencies to support margin analysis and COGS reporting.

Capital Asset and Fixed Asset Accounting

  • Maintain fixed asset schedules and manage capitalization policies for PP&E.

  • Ensure proper classification between R&D prototypes vs. capitalizable production assets.

  • Track depreciation and coordinate asset lifecycle management.

General accounting

  • Lead the automation of end-to-end transaction workflows and balance sheet reconciliations.

  • Support with growing volume of transactions (accounting syncs, reimbursements, etc)

  • Prepare technical accounting memos.

Lease accounting management.

  • Technical accounting analysis for new leases

  • Manage monthly lease accounting reconciliation and entries.

Tax

  • Support external reporting requirements for government grants or incentives.

  • Assist with quarterly and annual compliance.

Audit Readiness

  • Lead annual external financial audits.

Requirements: 

  • Education: Bachelor’s in Accounting, Finance, or a related field. CPA preferred.

  • Experience: 8+ years in accounting, including 5+ years in cost and inventory accounting at a hardware or manufacturing company. Prior experience as a manager at a high-growth company is a plus.

  • Technical accounting: Deep expertise of US GAAP for inventory accounting (ASC 330), fixed assets (ASC 360), leases (ASC 842), and of the R&D vs. capitalizable cost distinction.

  • Systems: Hands-on NetSuite experience, ideally including inventory and manufacturing modules. Experience with systems integration and reconciling ERP data against MES, PLM, and WMS systems.

  • Analytical Skills: Strong attention to detail, organizational skills, and a knack for identifying and resolving discrepancies.

  • Process building: Track record of designing and documenting controls and processes from scratch in a fast-scaling environment.

  • Communication: Exceptional verbal and written communication skills for successful collaboration with vendors and internal stakeholders.

The US base salary range for this full-time position is $165,000 to $195,00 per year.

The pay offered for this position may vary based on several individual factors, including job-related knowledge, skills, and experience. The total compensation package may also include additional components/benefits depending on the specific role. This information will be shared if an employment offer is extended.

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