Accounting Manager

About Parsec 

Parsec Automation, LLC (Parsec) is a trailblazing creator and provider of manufacturing operations management software. Consistently recognized by organizations like Gartner and IDC and a winner of numerous awards, including the Data Breakthrough Awards, American Business, and Best in Biz, Parsec exemplifies leadership in the dynamic, fast-paced manufacturing sector. With major companies such as Johnson & Johnson, Merck, Toyota, Proctor & Gamble, Eli Lilly, Hershey, Siemens, and DuPont leveraging its innovative TrakSYS™ platform to tackle even the most complex manufacturing challenges, Parsec’s solutions are actively optimizing efficiency, quality, and compliance at over 11,000 plants in more than 140 countries. Committed to customer success and driven by innovation, Parsec continues to fulfill its mission of making the management of manufacturing operations as simple as possible. 

Parsec is backed by BVP Forge, a $780M fund in partnership with the $20B Bessemer platform that has backed industry-defining businesses such as LinkedIn, MindBody, Procore, Shopify, and Toast. BVP Forge combines Bessemer’s front-line industry insights, proven growth IP, and robust executive network with tailored resources for self-sustaining companies and the ForgeEdge™ operational program.

 

 

Role 

We are seeking an ambitious and detail-oriented Accounting Manager to join our finance team. This is a unique opportunity for someone who is tenacious, growth-focused, and technically proficient to make a significant and immediate impact for Parsec.

As the Accounting Manager, you will play a key role in shaping and scaling the accounting department, driving efficiencies, and influencing financial operations across the organization. You’ll oversee day-to-day accounting functions, manage the month-end close process, and contribute to financial reporting, while collaborating with senior leadership to refine processes and influence a high-performing team. With tremendous room for growth and development, this role offers an exciting chance to advance your career and contribute to the success of a dynamic, fast-paced company.

 

Key Responsibilities

Accounting Operations Management

• Oversee and uphold the integrity of daily accounting operations by reviewing workflows, enforcing internal controls, and providing guidance on order and transaction processing.
• Ensure the accuracy and timeliness of financial transactions by reviewing and approving the work of the accounting team, including the Controller, while ensuring alignment with company policies and US GAAP.

 

Month-End Close and Year-End Close

• Facilitate the month-end and year-end close processes, ensuring all activities are completed on schedule.
• Prepare and review schedules, journal entries, balance sheet reconciliations, and variance analyses.
• Identify opportunities to streamline close processes and implement best practices to improve efficiency and accuracy.

 

Technical Accounting Expertise

• Provide technical accounting guidance by determining areas for new policies, identifying areas for improvement in existing policies, and leading the development, implementation, and ongoing updates to ensure compliance with evolving standards.
• Ensure financial statements are compliant with US GAAP, with a focus on the following areas:
  • ASC 606 – Oversee revenue recognition, ensuring proper application of contract terms and accurate reporting.
  • ASC 340-40 – Manage accounting for costs to acquire or fulfill customer contracts, including deferral and amortization.
  • ASC 842 – Administer lease accounting, ensuring proper identification, classification, and measurement.
  • ASC 326 – Lead processes for estimating and recognizing credit losses on financial assets.
  • ASC 350-40 – Oversee capitalization and amortization of internal-use software development costs.
  • ASC 985 – Manage accounting for externally marketed software, ensuring accurate c