Director of Technical Accounting and Financial Reporting

Description

VAST Data is looking for a part time Director of Technical Accounting and Financial Reporting to join our growing team!

This is a great opportunity to be part of one of the fastest-growing infrastructure companies in history, an organization that is in the center of the hurricane being created by the revolution in artificial intelligence.

"VAST's data management vision is the future of the market." - Forbes

VAST Data is the data platform company for the AI era. We are building the enterprise software infrastructure to capture, catalog, refine, enrich, and protect massive datasets and make them available for real-time data analysis and AI training and inference. Designed from the ground up to make AI simple to deploy and manage, VAST takes the cost and complexity out of deploying enterprise and AI infrastructure across data center, edge, and cloud.

Our success has been built through intense innovation, a customer-first mentality and a team of fearless VASTronauts who leverage their skills & experiences to make real market impact. This is an opportunity to be a key contributor at a pivotal time in our company’s growth and at a pivotal point in computing history.

Overview

This role requires a detail-oriented, strategic thinker with an extensive understanding of technical accounting principles and the ability to oversee the transformation of complex financial information into clear, compliant communication. The ideal candidate will be a highly organized, proactive leader capable of driving cross-functional collaboration, and delivering thoughtful insights to relevant stakeholders while maintaining the highest standards of accuracy and integrity in financial reporting. They should demonstrate a track record of developing team members and implementing process improvements to enhance the effectiveness of a technical accounting and financial reporting function.

Financial Reporting

• Build out processes to enable the organization to effectively prepare quarterly and annual consolidated financial statements (10-Q, 10-K) in compliance with US GAAP and SEC requirements
• Oversee the preparation of complex financial schedules, including earnings per share, cash flow statement, equity roll forward, among others
• Manage and enhance the quarterly and annual disclosure checklist process, ensuring full adherence to US GAAP and SEC regulations
• Establish appropriate relationships and build out processes to enable effective coordination with senior management, external auditors, and internal teams to produce timely and accurate SEC filings

Technical Accounting

• Lead in-depth technical accounting research and prepare detailed memorandums on complex accounting issues and mentor and enable team members to do the same
• Stay informed of emerging accounting pronouncements and disclosure requirements, serving as a senior knowledge resource for the organization
• Lead the interpretation and implementation of new accounting standards, ensuring company-wide compliance
• Provide expertise in stock-based compensation accounting and collaborate closely with equity administration

Process Improvement

• Identify strategic opportunities and lead initiatives to streamline reporting processes and controls
• Continuously refine and enhance internal and external reporting procedures and policies
• Ensure comprehensive and accurate documentation of financial information used in external reporting, including earnings releases and investor relations materials

Stakeholder Management

• Collaborate with cross-functional senior leaders to resolve complex accounting and reporting issues
• Provide expert strategic guidance on technical accounting matters to various departments across the organization
• Support investor relations initiatives by ensuring the accuracy and completeness of financial disclosures

Key Responsibilities

• Analyze the accounting implications of new transactions and business changes, applying relevant accounting standards and literature. Use sound judgment to navigate subjective areas and ensure thoughtful and appropriate conclusions.
• Prepare or review journal entries and reconciliations for responsible accounting subject matters, including but not limited to stock based compensation, equity transactions, and other areas as needed to support the month-end and quarter-end close and reporting process.
• Prepare monthly and quarterly financial reporting packages, including collaboration with team members to document variance analyses, to facilitate the timely and accurate preparation of relevant financial information.
• Provide guidance and training to accounting staff and business partners as needed.
• Develop, implement, and monitor internal controls to ensure the accuracy of financial records and compliance with U.S. GAAP and SOX requirements. 
• Support the finance organization in day-to-day activities, projects, workflow process improvements, SOX compliance and other ad-hoc requests 
• Review significant vendor agreements and / or customer contracts and evaluate the impact 
• Provide training to internal Finance and Accounting group on technical accounting matters

Requirements

About You

Minimum requirements

• 10+ years of experience in accounting, with a combination of corporate and public accounting, preferably Big Four audit, including direct experience with external reporting and technical accounting
• Bachelor or higher degree in accounting or finance; CPA certification required
• Extensive US GAAP and accounting skills with the ability to convert technical research and interpretation into practical, strategic solutions
• Exceptional written and verbal communication skills with the ability to influence and communicate effectively with senior stakeholders
• Strong analytical skills with attention to detail
• Exceptional organizational skills ensuring efficient and effective strategic execution
• Demonstrated capability to establish realistic timelines, coordinate effectively with cross-functional teams, and consistently meet deadlines
• Strong technical accounting knowledge (including but not limited to ASC 606, ASC 718, ASC 340, ASC 805, ASC 842, Reg S-X, and relevant SEC rules and filing requirements)

Preferred Requirements

• Proficiency in financial reporting software (i.e., Workiva) and advanced Excel skills
• Demonstrates a proactive, hands-on style and the ability to prioritize and deliver results amidst a wide variety of critical initiatives
• Experience working in the enterprise software industry and familiarity with complex software revenue recognition requirements
• Experience with NetSuite is preferred.