Inventory Accountant

Lambda's GPU cloud is used by deep learning engineers at Stanford, Berkeley, and Carnegie Mellon. Lambda's on-prem systems power research and engineering at Intel, Microsoft, Kaiser Permanente, major universities, and the Department of Defense.

If you'd like to build the world's best deep learning cloud, join us.

*Note: This position requires presence in our San Jose Headquarters 5 days per week.

What You’ll Do

• Coordinate the timeliness, accuracy and completeness of period end close activities for inventory and related inventory reserves, including journal entries, reconciliations and roll-forwards in accordance with reporting deadlines
• Oversee accurate and timely recording of inventory transactions
• Perform regular reconciliations of inventory accounts and resolve any discrepancies
• Perform regular cutoff procedures of inventory to ensure accuracy and completeness
• Monitor inventory valuation to ensure accuracy and completeness
• Collaborate with the operations team to improve our inventory control processes
• Prepare and analyze inventory-related financial reports, including cost of goods sold (COGS) and inventory turnover
• Prepare and review inventory reserve analysis on a monthly basis
• Assist in the development and implementation of inventory policies and procedures
• Work with external auditors during inventory audits
• Provide support for ad hoc projects related to inventory management and financial analysis

You

• Have a Bachelor's degree in Accounting, Finance, or related field
• Have 2-4 years of experience in inventory accounting or related field
• Possess a strong understanding of inventory valuation methods (e.g., FIFO, LIFO, weighted average)
• Are proficient in Microsoft Excel and experience with ERP systems
• Have excellent analytical and problem-solving skills
• Are detail-oriented with strong organizational and time management abilities
• Have the ability to work effectively both independently and in a team environment
• Have strong communication skills and ability to collaborate with cross-functional teams

Nice to Have

• CPA or pursuing CPA certification
• Experience with NetSuite (or similar large ERP system)
• Knowledge of US GAAP and IFRS as they relate to inventory accounting

About Lambda

• We offer generous cash & equity compensation
• Investors include Gradient Ventures, Google’s AI-focused venture fund
• We are experiencing extremely high demand for our systems, with quarter over quarter, year over year profitability
• Our research papers have been accepted into top machine learning and graphics conferences, including NeurIPS, ICCV, SIGGRAPH, and TOG
• We have a wildly talented team of 200, and growing fast
• Health, dental, and vision coverage for you and your dependents
• Commuter/Work from home stipends
• 401k Plan with 2% company match
• Flexible Paid Time Off Plan that we all actually use

Salary Range Information 

Based on market data and other factors, the salary range for this position is $93,000 - $159,000. However, a salary higher or lower than this range may be appropriate for a candidate whose qualifications differ meaningfully from those listed in the job description. 

A Final Note:

You do not need to match all of the listed expectations to apply for this position. We are committed to building a team with a variety of backgrounds, experiences, and skills.

Equal Opportunity Employer

Lambda is an Equal Opportunity employer. Applicants are considered without regard to race, color, religion, creed, national origin, age, sex, gender, marital status, sexual orientation and identity, genetic information, veteran status, citizenship, or any other factors prohibited by local, state, or federal law.