The posting
Manager of Financial Reporting and Technical Accounting
About the Role
The Manager of Financial Reporting and Technical Accounting will assist in preparing technical accounting memos on issues relevant to Alarm.com and researching authoritative accounting guidance under U.S. Generally Accepted Accounting Principles ("GAAP"), under the direction of the Director of Financial Reporting and Technical Accounting. The position will also support the implementation of new accounting standards.
The role is also responsible for preparing the Form 10-Ks, 10-Qs and related financial schedules supporting the financial statement disclosures, along with other Securities and Exchange Commission ("SEC") filings (e.g., 8-Ks), and for the completion and review of eXtensible Business Reporting Language ("XBRL") on a quarterly basis.
Additional responsibilities include assessing the accounting for and tracking of development projects eligible for capitalization, calculating credit losses under the Current Expected Credit Losses model, assisting with due diligence and purchase accounting procedures for acquisitions, coordinating with third-party valuation experts on intangible asset valuations, reviewing customer and vendor contracts as well as lease contracts to assess proper accounting treatment, and performing financial reporting and process controls on a monthly, quarterly and annual basis, as necessary.
The Manager will also assist in gathering support for external auditors and responding to questions related to tests of controls, interim procedures, quarterly reviews and year-end audits, helping ensure support schedules are accurate and provided to auditors on a timely basis.
This role is best suited for someone who enjoys being in the office and working closely with teammates and cross-functional partners in support of the broader organization and team goals.
Key Responsibilities
Technical Accounting & Financial Reporting
- Research technical accounting issues and draft memorandums summarizing the applicable guidance and its impact on operations and financial statement disclosures.
- Draft 10-Ks and 10-Qs and related financial schedules in accordance with presentation and disclosure requirements.
- Prepare other SEC filings (e.g., 8-Ks) and complete and review XBRL on a quarterly basis.
- Assist with the implementation of new accounting standards.
- Analyze development projects for capitalization and calculate the amount of costs eligible for capitalization.
- Calculate the credit loss percentage to be applied to outstanding receivables on a quarterly basis.
Contract Review
- Analyze customer and vendor contracts and determine the proper accounting treatment.
- Analyze lease contracts, identify lease and non-lease components and determine the proper accounting treatment.
Mergers & Acquisitions Support
- Perform due diligence and purchase accounting procedures for acquisitions, including creating and executing work plans and drafting memos summarizing findings and technical accounting issues.
- Coordinate with third-party valuation experts for intangible asset valuations and review valuation reports.
Audit Support & Process Controls
- Assist in gathering support for external auditors and answer questions related to tests of controls, interim procedures, quarterly reviews and year-end audits.
- Perform financial reporting and other process controls on a monthly, quarterly and annual basis, as necessary.
Required Qualifications
- A. in Accounting; active CPA required
- 6+ years of progressive experience in public accounting (Big Four accounting experience preferred) and/or corporate financial reporting at a publicly traded company
- Experience performing technical accounting research, including drafting memorandums that summarize accounting guidance and its impact on operations and financial statement disclosures
- Experience drafting or reviewing 10-Qs and 10-Ks of a publicly traded company
- In-depth knowledge of U.S. GAAP guidelines and SEC reporting requirements
- Ability to summarize complex accounting issues in a technical memorandum
- Strong background and experience with audit methodologies and techniques
- Strong project management, time management and organizational skills
- Ability to work effectively within a team to complete projects, as well as independently
Core Competencies
- Technical Accounting Acumen — Solid knowledge of GAAP guidelines, SEC reporting requirements and auditor methodologies.
- Research & Analysis — Strong ability to research, assess the impact of, and document technical accounting issues.
- Project & Time Management — Strong project management, time management and organizational skills, with a strong work ethic.
- Communication — Strong analytical, problem-solving and communication skills.
- System Savvy — Experience with Enterprise Resource Planning systems and financial reporting tools, along with a curiosity and intent to evolve as AI tools become available.
- Collaboration — Ability to work independently and collaboratively, with a desire to work primarily in the office and build relationships with peers and teammates.
Performance Objectives
- Ensure appropriate accounting for technical accounting issues and new accounting standards
- Ensure timely and accurate SEC filings
- Meet monthly, quarterly and yearly review and audit requirements
- Ensure appropriate accounting for acquisitions
Please note that sponsorship of new applicants for employment authorization, or any other immigration-related support, is not available for this position at this time.
WHY WORK FOR ALARM.COM?
- Collaborate with outstanding people: We hire only the best. Our standards are high and our employees enjoy working alongside other high achievers.
- Make an immediate impact: New employees can expect to be given real responsibility for bringing new technologies to the marketplace. You are empowered to perform as soon as you join the Alarm.com team!
- Gain well rounded experience: Alarm.com offers a diverse and dynamic environment where you will get the chance to work directly with executives and develop expertise across multiple areas of the business.
- Community and Camaraderie: One of our core values is to 'Keep It Fun,' which to us means fostering a strong sense of community. Our culture is built on collaboration and connection, where we celebrate our successes and believe that a positive, engaging environment is key to doing our best work.
- Alarm.com values working together and collaborating in person. Our employees work from the office 4 days a week.
COMPANY INFO
Alarm.com is the leading platform for intelligently connected properties. Millions of homeowners and businesses rely on Alarm.com's technology to secure, monitor, and manage their environments from anywhere. Our comprehensive suite of solutions—including security, video surveillance, access control, active shooter detection, intelligent automation, energy management, and wellness—is delivered exclusively through a trusted network of thousands of professional service providers and commercial integrators across North America and worldwide. Alarm.com's common stock is traded on Nasdaq under the ticker symbol ALRM. Alarm.com delivers serious security for serious people.
For more information, please visit www.alarm.com.
COMPANY BENEFITS
Our total rewards package is designed to support you holistically—in your health, your finances, and your life outside of work. The package includes medical plans with company subsidies, a Health Savings Account (HSA) with a company contribution, and a 401(k) with an employer match. We encourage a healthy work-life balance with paid vacation that increases with tenure, paid holidays, wellness time, and paid maternity and bonding leave. To complete the package, we also provide company-paid disability and life insurance, all within a collaborative and casual work environment.
Alarm.com is an Equal Opportunity Employer
In connection with your application, we collect information that identifies, reasonably relates to or describes you ("Personal Information"). The categories of Personal Information that we may collect include your name, government-issued identification number(s), email address, mailing address, other contact information, emergency contact information, employment history, educational history, criminal record, and demographic information. We collect and use those categories of Personal Information about you for human resources and other business management purposes, including identifying and evaluating you as a candidate for potential or future employment or future positions, recordkeeping in relation to recruiting and hiring, conducting criminal background checks as permitted by law, conducting analytics, and ensuring compliance with applicable legal requirements and Company policies. By submitting your application, you acknowledge that we may retain some of the personal data that you provide in your application for our internal operations such as managing our recruitment system and ensuring that we comply with labor laws and regulations even after we have made our employment decision.
Notice To Third Party Agencies: Alarm.com understands the value of professional recruiting services. However, we are not accepting resumes from recruiters or employment agencies for this position. In the event we receive a resume or candidate referral for this position from a third-party recruiter or agency without a previously signed agreement, we reserve the right to pursue and hire those candidate(s) without any financial obligation to you. If you are interested in working with Alarm.com, please email your company information and standard agreement to [email protected].
The base salary range of this opportunity is listed below and is determined within a range based on factors including qualifications, location and experience. This allows opportunity for growth and development within the role. The base salary offered is part of a total compensation package.
Base Salary Range
$150,000—$170,000 USD
