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Job Opportunities

With a history of innovation, technology leadership, reliability and product and service excellence, CPI is a market share leader in its five largest markets. We’re experiencing remarkable growth. The most exciting challenges still lie ahead, and we invite you to grow with us.

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Job Description

Job Number
21-03
Job Title
Financial Reporting Manager
Department
Corporate : Corporate Accounting
Location
Palo Alto, CA
Description
Communications & Power Industries, (CPI), headquartered in Palo Alto, California, is a global manufacturer of electronic components and subsystems focused primarily on communications and defense markets. With a heritage of technological excellence that spans decades, CPI develops, manufactures, and globally distributes innovative and reliable technology solutions used in the generation, amplification, transmission, and reception of microwave signals for commercial and military applications. CPI serves customers in the communications, defense, medical, industrial, and scientific markets. CPI has manufacturing Divisions in the United States and Canada, and sales, service, and engineering offices around the world. This position is open to remote location
Requirements
Duties and Responsibilities
•   Assist with the month-end accounting closing process and preparing monthly internal financial reports.
•   Assist with and/or lead technical accounting research efforts; analyze, research and conclude on new and proposed accounting, reporting and disclosure standards issued by the FASB and prepare memorandums regarding the Company’s position and impact on the Company.
•   Assist with special projects, such as acquisition accounting and integration, new software implementation and new accounting standard implementation, as needed.
•   Perform monthly hedge accounting for foreign exchange hedges.
•   Review monthly variance analysis and work with manufacturing divisions to resolve accounting related issues.
•   Review compliance with and documentation maintained for ASC 606 revenue recognition by the manufacturing divisions.
•   Prepare and/or review account reconciliations and maintain corporate accrual entries.
•   Perform the quarterly intercompany cash clearing.
•   Be a key contributor for implementation of ASC 842 Lease Accounting, which will be effective on October 1, 2022 for CPI.
•   Assist with preparation and consolidation of tax schedules.
•   Perform periodic audits of internal accounting at Corporate and manufacturing divisions.
•   Act as liaison with external auditors.
•   Maintain and update Company accounting policies and procedures.
•   Prepare global transfer pricing documentation and analyses.
•   Analyze and review cost reports within government contract requirements. Keep awareness of any government rate changes and communicate/apply, as appropriate.
•   Assist in maintaining the Corporate consolidation system, including setting up of new GL accounts and configuring, building, and testing reports.
•   Compile data and complete government surveys and censuses.
•   Other duties as assigned or required.

This is a hands-on position with no direct reports. To be successful, this person must work with various Corporate and Division functional teams and third-party service providers.