Sr. Accountant, Supply Chain & Infrastructure
About The Position
Groq is seeking a Senior Accountant to own accounting for high-value hardware purchases from procurement through capitalization and ongoing fixed asset lifecycle management. The role supports accurate accounting for the compute infrastructure underlying Groq’s AI inference platform and sits at the intersection of Accounting, Procurement, and Data Center Operations. The position is based in the Dallas, San Francisco, or New York City area. The employee may work remotely while Groq establishes a local office, with the expectation that the role will transition to onsite once the office opens. The accountant will oversee fixed asset and inventory accounting, including landed-cost validation, capitalization, depreciation, inventory tracking, close activities, reconciliations, audits, and process improvements. The role also serves as an accounting liaison to Procurement and Data Center Operations, helping maintain accurate, audit-ready records as the hardware fleet scales.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- At least 4 years of progressive accounting experience, including month-end close, account reconciliations, and flux analysis.
- Meaningful exposure to fixed assets and/or inventory accounting.
- Strong understanding of shipping and logistics documentation, including bills of lading, customs forms, and Incoterms, and their accounting implications.
- Solid working knowledge of US GAAP, particularly as it relates to fixed assets and inventory.
- Excellent cross-functional communication skills and experience partnering with Procurement, Operations, or Supply Chain teams.
- Strong Excel skills and comfort working with large datasets and reconciliations.
Nice To Haves
- CPA or CPA candidate.
- Experience in a data center, semiconductor, cloud infrastructure, or hardware-intensive environment.
- Hands-on experience with NetSuite, specifically its Fixed Asset Management (FAM) and Inventory modules.
- Experience supporting physical inventory counts across multiple sites.
- Exposure to ASC 360 and general inventory costing methodologies.
Responsibilities
- Partner with Procurement on direct hardware purchase orders and review PO terms for accounting accuracy.
- Confirm shipping documentation and transfer of ownership or title before recording assets; track in-transit inventory and ensure timely recognition of received goods.
- Validate landed costs, including freight, duties, and insurance, and bills of materials against vendor invoices and purchase orders; investigate and resolve cost variances.
- Maintain the fixed asset register by capitalizing new assets, setting useful lives, running depreciation, and processing transfers and disposals.
- Determine whether hardware purchases should be capitalized or expensed in accordance with company policy.
- Tag, categorize, and track assets by location in NetSuite FAM; maintain the fixed asset roll-forward and reconcile it to the general ledger.
- Maintain inventory records in NetSuite's Inventory module; partner with Data Center Operations on cycle counts and physical inventory and reconcile results to FAM and the general ledger.
- Monitor excess, obsolete, or slow-moving inventory and recommend reserve adjustments.
- Own month-end close for fixed assets, inventory, and related accruals, including journal entries, accruals, and reclasses.
- Prepare and review balance sheet reconciliations for fixed assets, inventory, and accrued receipts.
- Perform flux analysis on fixed asset and inventory balances and related P&L accounts, including depreciation, cost of goods sold, freight, and reserves; explain variances month over month and against budget.
- Support internal and external audit requests for fixed assets and inventory by preparing schedules, roll-forwards, and supporting documentation.
- Ensure accounting treatment aligns with US GAAP, including ASC 360, and internal policy.
- Identify and drive process and NetSuite automation improvements across procurement-to-pay, fixed assets, and inventory workflows.
- Serve as the accounting liaison to Procurement and Data Center Operations on hardware purchasing, receiving, and asset tracking.
- Maintain clean, audit-ready fixed asset and inventory records with minimal reconciling items.
- Provide fast, accurate landed-cost and BOM validation to minimize downstream cost corrections.
- Build strong working relationships with Procurement and Data Center Operations and proactively flag issues.
- Continuously improve inventory and asset-tracking controls as the hardware fleet scales.
Benefits
- Quarterly bonus as an interim alternative to equity.
- Plans to introduce long-term incentive program participation in the near future.
- Robust suite of benefits.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
