New 
Director of Accounting Close and Operations
 Penumbra, Inc. | |
parental leave, sick time, 401(k)
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 United States, California, Alameda | |
| 1321 Harbor Bay Parkway (Show on map) | |
 May 24, 2025 | |
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As the Director of Accounting Close and Operations at Penumbra, you will play a vital key leadership role in the company leading critical aspects of the monthly, quarterly, and annual close processes. You will conduct financial statement analysis, and support the Assistant Controller and Controller with technical accounting matters and departmental management. As a leader, you will take ownership of core close activities, offer meaningful business insights into financial results, and focus on developing and mentoring a high-performing team.
To be successful in this role you must have a strong understanding of U.S. GAAP, the accounting close process, a passion for process improvement and developing a team, and the ability to successfully interact with, influence, and coordinate with other business functions and team members to drive initiatives aimed at optimizing the close process.
What You'll Work On
* Select, manage, train, and develop staff. Establish objectives and assignments and provide ongoing feedback through performance reviews and development plans.
* Lead and manage a team of accounting professionals responsible for U.S. general ledger functions and selected international close activities.
* Serve as a key contributor to the monthly, quarterly, and annual close processes by managing timelines and deliverables to ensure timely and accurate financial statements in accordance with U.S. GAAP.
* Oversee core components of the close cycle, including preparation and review of journal entries, account reconciliations, and fluctuation analyses.
* Guide the team in preparing and presenting financial results, identifying key trends, and providing actionable insights to senior management.
* Partner with the Assistant Controller and Controller in overseeing departmental operations, including work allocation and issue resolution.
* Lead the implementation, integration, and ongoing maintenance of new and existing accounting systems and processes.
* Drive automation and continuous improvement initiatives aimed at shortening the close cycle, minimizing manual tasks, and standardizing processes.
* Review supporting documentation for SEC filings, external audits, and other statutory reporting, and coordinate with external auditors as needed.
* Support senior management with ad hoc projects and strategic initiatives.
* Provide technical accounting expertise and stay current on applicable accounting guidance and standards.
* Ensure effective internal controls are in place for the financial close process, supporting SOX compliance and mitigating financial risk through policy and procedure adherence.
What You Contribute
* Bachelor's degree in accounting or related field with 15+ years of experience, or equivalent combination of education and experience
* A comprehensive understanding of US GAAP, internal controls and full cycle accounting experience are required.
* Certified Public Accountant (CPA) is a plus
* 10+ years of experience in a supervisory role desired
* Strong analytical abilities, as well as oral, written, and interpersonal communication skills
* High degree of accuracy and attention to detail
* Proficiency with Microsoft Word, Excel, and other standard office tools
* Excellent organizational skills with ability to prioritize assignments while handling various projects simultaneously
Working Conditions
General office environment. Willingness and ability to work on site. Requires some lifting and moving of up to 5 pounds. Must be able to move between buildings and floors. Must be able to remain stationary and use a computer or other standard office equipment, such as a printer or copy machine, for an extensive period of time each day. Must be able to read, prepare emails, and produce documents and spreadsheets. Must be able to move within the office and access file cabinets or supplies, as needed. Must be able to communicate and exchange accurate information with employees at all levels on a daily basis.
Annual Base Salary Range: $206,080 - $290,000 / year
We offer a competitive compensation package plus a benefits and equity program, when applicable.
Individual total compensation will vary based on factors such as qualifications, skill level, competencies, and work location.
What We Offer
*A collaborative teamwork environment where learning is constant, and performance is rewarded.
*The opportunity to be part of the team that is revolutionizing the treatment of some of the world's most devastating diseases.
*A generous benefits package for eligible employees that includes medical, dental, vision, life, AD&D, short and long-term disability insurance, 401(k) with employer match, an employee stock purchase plan, paid parental leave, eleven paid company holidays per year, a minimum of fifteen days of accrued vacation per year, which increases with tenure, and paid sick time in compliance with applicable law(s).
Penumbra, Inc., headquartered in Alameda, California, is a global healthcare company focused on innovative therapies. Penumbra designs, develops, manufactures, and markets novel products and has a broad portfolio that addresses challenging medical conditions in markets with significant unmet need. Penumbra sells its products to hospitals and healthcare providers primarily through its direct sales organization in the United States, most of Europe, Canada, and Australia, and through distributors in select international markets. The Penumbra logo is a trademark of Penumbra, Inc.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, age, disability, military or veteran status, or any other characteristic protected by federal, state, or local laws.
If you reside in the State of California, please also refer to
Penumbra's Privacy Notice for California Residents.
For additional information on Penumbra's commitment to being an equal opportunity employer, please see
Penumbra's AAP Policy Statement.
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