Director of Accounting Close and Operations at Penumbra Inc

Alameda, California, United States

Penumbra Inc Logo
Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Accounting, Finance, OperationsIndustries

Requirements

Candidates must possess a Bachelor’s degree in accounting or a related field, along with a minimum of 15 years of experience, or an equivalent combination of education and experience. A Certified Public Accountant (CPA) is preferred, and comprehensive knowledge of US GAAP, internal controls, and full-cycle accounting is required. Strong analytical abilities, oral, written, and interpersonal communication skills, and a high degree of accuracy and attention to detail are essential. Proficiency in Microsoft Word, Excel, and other standard office tools is also needed.

Responsibilities

As the Director of Accounting Close and Operations, you will lead critical aspects of the monthly, quarterly, and annual close processes, including managing timelines and deliverables to ensure timely and accurate financial statements in accordance with U.S. GAAP. You will oversee core components of the close cycle, such as journal entries, account reconciliations, and fluctuation analyses. You will manage a team of accounting professionals, establish objectives and assignments, and provide ongoing feedback. You will also guide the team in preparing and presenting financial results, identifying key trends, and providing actionable insights to senior management. Furthermore, you will lead the implementation and maintenance of accounting systems and processes, drive automation and continuous improvement initiatives, review supporting documentation for SEC filings and audits, and support senior management with ad hoc projects and strategic initiatives.

Skills

U.S. GAAP
Accounting Close Process
Financial Statement Analysis
Process Improvement
Team Development
Journal Entries
Account Reconciliations
Fluctuation Analysis
Financial Reporting
Leadership

Penumbra Inc

Develops medical devices for vascular conditions

About Penumbra Inc

Penumbra Inc. specializes in creating medical devices aimed at treating neurovascular and peripheral vascular conditions. Their products, such as the Penumbra System and the Indigo System, are designed for use in hospitals and clinics, helping healthcare professionals address issues like stroke and other vascular diseases. These devices work by providing advanced tools for interventions in neurology and vascular surgery, allowing for effective treatment options. Unlike many competitors, Penumbra focuses specifically on these specialized areas, ensuring their products are tailored to the needs of medical professionals in these fields. The company's goal is to continuously improve and innovate their medical devices to enhance patient care and support healthcare providers in delivering effective treatments.

Alameda, CaliforniaHeadquarters
2004Year Founded
$116.7KTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Parental Leave
Paid Vacation
Paid Sick Leave
Paid Holidays

Risks

Recent layoffs in the Immersive Healthcare division may indicate financial strain.
The EMBOLIZE trial could divert resources from core product lines.
Regulatory challenges in Europe may impact sales of new products like BMX81 and BMX96.

Differentiation

Penumbra offers a comprehensive range of neuro and peripheral vascular devices.
The company focuses on innovative solutions for stroke and neurovascular disease treatment.
Penumbra's global presence spans North America, Europe, Asia, and Australia.

Upsides

Growing demand for minimally invasive procedures aligns with Penumbra's product offerings.
The global neurovascular devices market is projected to grow at 8.5% CAGR until 2030.
Penumbra's European launch of BMX81 and BMX96 expands its market presence.

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