Sr. Financial Analyst/Accountant (Teradyne, N. Reading MA)

We are the global test and automation specialists, powering next-generation technologies through sophisticated solutions. Behind every electronic device you use, Teradyne's test technology ensures your device works right the first time, every time! Our portfolio of automation solutions help manufacturers to develop and deliver products quickly, efficiently and cost-effectively. Together, Teradyne companies deliver manufacturing automation across industries and applications around the world!

 

Our Purpose:

 

TERADYNE, where experience meets innovation and driving excellence in every connection. We are fueled by creativity and diversity of thought and in our workforce. Our employees are supported to innovate and learn something new every day.

 

We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation and delivers better business results.

 

Opportunity Overview:

 

** ITAR Restriction: All candidates for this ITAR restricted position must be one of the following: US Citizen or U.S. Permanent Resident, Asylee, Refugee or otherwise lawfully admitted under an amnesty program.

 

Teradyne has an immediate need for an experienced and self-driven Senior Financial Analyst/Accountant to join our Defense and Aerospace division finance team.

In this role, you will be responsible for overseeing day-to-day budget processes for multiple departments, including engineering, marketing, sales, and operations. You will also be responsible for Revenue and Cost of Goods Sold forecasting, reporting and accounting including Percent of Completion Revenue recognition, as well as overseeing key divisional income statement and balance sheet accounts.

In addition, you will be a key stakeholder in developing and implementing budget tracking and review processes for the division.

 

The ideal candidate will have a strong background in financial analysis, reporting, and accounting principles, with the ability to collaborate effectively with cross-functional teams and drive business judgements with senior management.

 

• Revenue recognition in accordance with ASC 606 accounting standards including managing Percent of Completion projects from a finance perspective
• Develop, manage, and review quarterly and annual budget and headcount forecasts for engineering, marketing, sales, and operations departments.
• Collaborate with department heads to gather and assess financial data, ensuring alignment with business objectives.
• Provide in-depth review and variance explanations on budget performance versus actual results for each department.
• Prepare and present detailed budget reports to senior management, highlighting key financial trends, risks, and opportunities.
• Develop and maintain quarterly/annual revenue and cost of good sold forecasts.
• Drive continuous improvement in P&L reporting, ensuring clear visibility into financial performance.
• Support monthly and quarterly Balance sheet reviews, ensuring that all accounts are reconciled and accurate on a monthly and quarterly basis.
• Assist in month-end and quarter-end close processes, ensuring accurate financial reporting and timely delivery against deadlines.
• Support the quarterly and annual audit processes by providing relevant financial information.
• Ensure compliance with internal and external audit controls as well a