Head of Consolidation Accounting
Lambda Labs
- Location
- San Jose Office (First St)
- Employment
- Full Time
- Work model
- Remote
- Level
- Staff
- Posted
- 7h ago
Skills
About this role
Lambda, The Superintelligence Cloud, is a leader in AI cloud infrastructure serving tens of thousands of customers. Our customers range from AI researchers to enterprises and hyperscalers. Lambda's mission is to make compute as ubiquitous as electricity and give everyone the power of superintelligence. One person, one GPU. If you'd like to build the world's best AI cloud, join us. *Note: This position requires presence in our San Jose or San Francisco office location 4 days per week; Lambda's designated work from home day is currently Tuesday. The Accounting team at Lambda owns the integrity of our financial statements as the company scales at extraordinary speed across a growing number of legal entities, currencies, and business lines. As Lambda prepares for the rigor of being a public company, this team is building the consolidation processes, systems, and controls that will support that next chapter - accurately, efficiently, and at scale.
What You'll Do
Own end-to-end consolidation of Lambda's financial statements across all legal entities, including intercompany eliminations, foreign currency, minority interest, and topside/consolidating journal entries. Serve as the business process owner for NetSuite as it relates to consolidations, intercompany accounting, and multi-entity/multi-book structure — partnering with Financial Systems on configuration, enhancements, and new entity onboarding. Design, document, and continuously improve the intercompany accounting policy, including transfer pricing agreements, intercompany billing/settlement mechanics, and reconciliation and dispute-resolution workflows between entities. Partner with Tax team to support intercompany transfer pricing policies and ongoing settlements Act as the interface between Accounting Operations, Technical Accounting, and Financial Systems to ensure consolidation requirements are reflected in system design, close calendars, and process changes. Own coordination of the accounting close calendar as it relates to consolidation activities, driving adherence to deadlines across corporate and subsidiary teams. Lead process and system design for consolidations as Lambda adds new entities, currencies, and business lines. Serve as SOX control owner for consolidation- and intercompany-related controls; ensure controls are properly designed, evidenced, and operating effectively, and partner with Internal Audit and external auditors on testing. Partner with Technical Accounting on the accounting treatment for new entity structures, acquisitions, equity investments, non-controlling interests, and other consolidation-impacting transactions. Prepare and review consolidated financial statements, elimination entries, and supporting consolidation schedules for monthly, quarterly, and annual reporting. Manage statutory reporting requirements and local GAAP-to-US GAAP adjustments across international subsidiaries, in partnership with local finance teams and external advisors. Help build IPO-ready consolidation infrastructure — including scalable close processes, system controls, and reporting capabilities that will support the demands of being a public company (10-Q/10-K timelines, external audit, segment reporting). Drive automation and continuous improvement of the consolidation process, reducing manual effort and close risk as entity count and transaction volume grow. Support the year-end audit by preparing consolidation-related audit deliverables and serving as a key point of contact for auditors on consolidation matters. Mentor and develop accounting staff supporting the consolidation and intercompany close process. You 7+ years of progressive accounting experience, including significant time in consolidations and multi-entity/intercompany accounting; public accounting experience (Big 4 or national firm) strongly preferred. CPA required. Deep hands-on experience with NetSuite OneWorld, including intercompany management, multi-subsidiary consolidation, and elimination