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Revenue and Technical Accounting Manager

PsiQuantum

PsiQuantum

IT, Accounting & Finance
Palo Alto, CA, USA
Posted on Monday, June 3, 2024

We believe quantum computing will change everything. It will have the power to transform the foundations of giant industries that rely on intensive computation. PsiQuantum is on a mission to build the world’s first useful quantum computer, capable of delivering these transformative results. We know that means it will need 1 million qubits, error correction, a scalable architecture and a data center footprint.

By harnessing the laws of quantum physics, quantum computers can provide exponential performance increases over today’s most powerful supercomputers, offering the potential for extraordinary advances across a broad range of industries including climate, energy, healthcare, pharmaceuticals, finance, agriculture, transportation, materials design, and many more.

PsiQuantum is uniquely positioned to deliver on the promise of quantum computing years earlier than our competitors. Our architecture is based on photonics which gives us the ability to produce our components using existing high-volume semiconductor manufacturing processes, the same processes that are today producing billions of chips for telecom and consumer electronics applications. Since photons don’t feel heat, we can take advantage of existing cryogenic cooling systems, the kind that have been operating at facilities like the Stanford Linear Accelerator (SLAC). And because photons are in fact light, they can move between subsystems at tremendous speed using standard fiber connectivity.

Our team is building a utility scale quantum computer and the software tools needed to build fault tolerant quantum applications. We’re a highly motivated and collaborative group focused on a singular goal - building the world’s first useful quantum computer on the fastest path possible.

There’s much more work to be done and we are looking for exceptional talent to join us on this extraordinary journey!

Job Summary:

The Manager, Revenue and Technical Accounting, reporting to the Corporate Controller, plays a key role in managing revenue recognition processes and ensuring compliance with accounting standards and regulatory requirements. Additionally, this role involves providing technical accounting expertise to support complex transactions and financial reporting.

Responsibilities:

  • Revenue Recognition
    • Review sales contracts and assess revenue recognition implications in accordance with applicable accounting standards (e.g., ASC 606).
    • Collaborate with sales, legal, and finance teams to ensure accurate and timely recognition of revenue from contracts.
    • Perform revenue reconciliations and analysis to ensure completeness and accuracy of reported revenue.
    • Stay updated on changes in revenue recognition rules and regulations to ensure compliance.
  • Technical Accounting
    • Research and interpret complex accounting issues and transactions, providing guidance and recommendations to management.
    • Evaluate the accounting treatment of significant transactions, such as lease accounting, stock-based compensation and debt and equity transactions.
    • Prepare technical accounting memos documenting conclusions reached and supporting rationale.
    • Assist in the implementation of new accounting standards and policies.
  • Financial Reporting
    • Prepare revenue-related financial statements, disclosures, and schedules for internal and external reporting purposes.
    • Assist in the preparation of annual financial statements, ensuring compliance with GAAP and regulatory requirements.
    • Support the audit process by providing documentation and explanations related to revenue recognition and technical accounting matters.
  • Internal Controls and Process Improvement
    • Develop and maintain internal controls related to revenue recognition and technical accounting processes to ensure accuracy and compliance.
    • Identify opportunities to streamline processes, improve efficiency, and enhance the quality of financial reporting.
    • Participate in cross-functional projects and initiatives to implement process improvements and system enhancements.

Experience/Qualifications:

  • Bachelor's degree in Accounting, Finance, or related field. CPA certification preferred.
  • 8+ years of progressive experience in revenue and technical accounting – a mix of Big-4 and industry experience preferred.
  • Demonstrated knowledge and experience in researching and documenting accounting guidance and the accounting treatment of complex transactions.
  • Excellent analytical and problem-solving skills with attention to detail.
  • Effective communication skills, including technical report writing, with the ability to explain complex accounting issues to non-accounting stakeholders.
  • Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.

PsiQuantum provides equal employment opportunity for all applicants and employees. PsiQuantum does not unlawfully discriminate on the basis of race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), gender identity, gender expression, national origin, ancestry, citizenship, age, physical or mental disability, military or veteran status, marital status, domestic partner status, sexual orientation, genetic information, or any other basis protected by applicable laws.

We are not accepting unsolicited resumes from employment agencies.

The range below reflects the minimum and maximum target range for new hire base salary across all US locations. Actual compensation may vary outside of this range and is dependent on various factors including but not limited to a candidate's qualifications including relevant education and training, competencies, experience, geographic location, and business needs. Base pay is only one part of the total compensation package. Full time roles are eligible for equity and benefits. Base pay is subject to change and may be modified in the future.

For a fully qualified candidate, the expected pay range is:

Pay Range
$150,000$195,000 USD