Head of Accounting

Niron Magnetics is a venture-backed start-up that has developed the only known magnetic material with the potential to displace widely used rare earth permanent magnets, which eliminates the environmental damage caused by their use. Our Clean Earth MagnetTM was named one of TIME Magazine's best inventions of 2023.

Niron Magnetics is comprised of a team of professionals with a desire to make a positive impact in the global community. Niron Magnetics was named one of "America's Top GreenTech Companies" for 2024 by TIME Magazine.

About the role

We are looking to hire our first Head of Accounting to join our growing team. The Head of Accounting will play a pivotal role in overseeing all aspects of the company's accounting function, building the accounting team, and contribute to implementing state-of-the-art systems. This individual will be responsible for all accounting operations, including managing accounting records, managing and performing transactions, preparing financial reports, controlling cost and expenses, and treasury. The position will also be responsible for coordinating and providing information to external auditors, as well as complying with local, state, and federal government reporting requirements and tax filings.

Responsibilities

• Lead the implementation of state-of-the-art accounting systems as part of the overall ERP software.
• Develop and mentor the accounting team, fostering a culture of accountability, collaboration, and continuous improvement.
• Oversee day-to-day accounting operations, including accounts payable and accounts receivable.
• Prepare and analyze financial statements, reports, and forecasts to provide insights into the company's financial performance.
• Develop and implement accounting policies, procedures, and controls to ensure compliance with GAAP and other regulatory requirements.
• Manage the month-end and year-end close process, including reconciliations, accruals, and journal entries.
• Collaborate with cross-functional teams to streamline financial processes and drive operational efficiency.
• Ensure timely and accurate reporting to investors, lenders, and other stakeholders, including board presentations and investor updates.
• Stay abreast of changes in accounting standards, regulations, and best practices, and proactively assess their impact on the company.

Qualifications:

• Bachelor's degree in Accounting, Finance, or related field; CPA certification strongly preferred.
• 8 years of accounting experience, in a manufacturing environment.
• Strong technical accounting skills and knowledge of GAAP
• Demonstrated experience managing month-end close processes and financial reporting.
• Excellent analytical and problem-solving skills, with the ability to interpret financial data and provide actionable insights.
• Exceptional communication skills, with the ability to present complex financial information to non-financial stakeholders.
• Highly organized and detail-oriented, with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Proficiency in Microsoft Excel; Detailed experience with current ERP systems.
• Entrepreneurial mindset with a willingness to roll up sleeves and contribute to the overall success of the company.