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We are hiring an Accountant to own intercompany processes across a global group of roughly 20 subsidiaries in the United States, Spain, Germany, UAE, among other countries. This role will prepare transactions in the various functional currencies of these subsidiaries, which will require knowledge of foreign exchange revaluation, cumulative translation adjustment, and consolidation into the US Parent company USD financial presentation.
This role will report to a Senior Accountant and will require collaboration with the wider global accounting team. You will prepare recurring and ad-hoc intercompany entries, maintain and reconcile intercompany accounts, and be a key player in our accelerated month-end close.
Responsibilities
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Own intercompany journal entries, including transfer pricing, intercompany sales and COGS, cross charges for shared expenses, and cash settlements
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Prepare elimination and consolidation entries, including intercompany profit margin elimination and payable and receivable netting
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Reconcile intercompany payable, receivable, and investment accounts between subsidiaries and prepare supporting schedules within the close calendar
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Oversee intercompany purchase order and sales order creation in NetSuite, track intercompany billing, and investigate unbilled or unmatched activity
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Assist with ad hoc projects, process improvements, and audit requests
Requirements
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Bachelor’s degree in Accounting or Finance with 2+ years of accounting experience, including hands-on month-end close experience
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Experience at a multi-entity global company transacting in multiple currencies, ideally in manufacturing, inventory-heavy, or vertically integrated businesses
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Working knowledge of intercompany entries, transfer pricing, elimination entities, foreign exchange revaluation, and cumulative translation adjustments is a plus
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Advanced spreadsheet skills, including complex formulas, pivot tables, and multi-tab models. Experience with NetSuite OneWorld or similar multi-subsidiary ERP is a plus
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Exceptional organization and communication skills, with the ability to own work end to end, collaborate cross-functionally with non-accounting teams, and seek out process improvements
2013
$200.0M (Venture (Round not Specified)) on Apr 26, 2021
$200M
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Diamond Foundry is a San Francisco-based company that produces lab-grown diamonds. Founded in 2012 by Martin Roscheisen and Jeremy Scholz, it specializes in creating sustainable, single-crystal diamonds using proprietary technology developed by engineers from prestigious institutions like MIT, Stanford, and Princeton. The company operates with a commitment to sustainability, utilizing zero-emission energy at its facility in Wenatchee, Washington. Diamond Foundry offers gem-quality diamonds that are chemically identical to mined diamonds, marketed as conflict-free and environmentally friendly. It also owns the jewelry brand VRAI, which features consumer-facing collections. The company has developed advanced reactor systems for scalable diamond production and has expanded its operations, including a showroom in Los Angeles. With a mission to transform the diamond industry, Diamond Foundry emphasizes ethical sourcing and transparency in its products.
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