Accounting Manager, Archer

$124.8-156k

SAP
Senior and Expert level
San Francisco Bay Area

More information about location

Office located in San Jose, CA

Archer

Urban air mobility developer

Be an early applicant

Archer

Urban air mobility developer

501-1000 employees

B2CSustainabilityTransportManufacturingFlightsAerospace

Be an early applicant

$124.8-156k

SAP
Senior and Expert level
San Francisco Bay Area

More information about location

Office located in San Jose, CA

501-1000 employees

B2CSustainabilityTransportManufacturingFlightsAerospace

Company mission

To accelerate the benefits of sustainable air mobility.

Role

Who you are

  • A bachelor's degree in accounting, finance, or business administration is required. MS in Accounting or MBA in Accounting or Finance is a plus
  • Certified Public Accountant (CPA) designation and or equivalent professional certification is strongly preferred
  • Minimum 8 years of experience in financial and operational accounting
  • Experience at a Big 4 or regional accounting firm is strongly preferred
  • Experience in the manufacturing industry is strongly preferred
  • Working knowledge of SAP, including GL, inventory, Capex, and AP and AR modules, is required
  • Working knowledge of BlackLine is strongly preferred
  • Proficient in Microsoft Office Suite
  • Strong ability to coach, mentor, and develop team members
  • Highly organized, detail-oriented, and a self-starter with a strong desire to achieve results; passionate about quality, results, and progress
  • Strong communicator in both oral and written forms

What the job involves

  • We are seeking a Manager of Accounting to lead and manage the GL accounting team, in areas like cash, fixed assets, accrued expenses, debt, and related processes/systems
  • As the organization scales, the role will also be responsible for inventory accounting and accounts receivable in the future
  • This individual is a key accounting team member and is accountable for the close process, day-to-day accounting, and scale/transformation of the processes and systems
  • The role requires establishing and maintaining working relationships with business partners across the organization, supporting management with analysis, and coaching and mentoring a high-performing team
  • Lead and manage the GL accounting team, including day-to-day operations, training, and performance management
  • Oversee the monthly and quarterly close process, ensuring timely and accurate financial statements following US GAAP and preparing and reviewing reconciliations
  • Partner with Logistics and Supply Chain for adequate inventory controls
  • Liaise with the supply chain team and Tax functions to ensure Sales and Use taxes are properly accounted for and paid to the relevant tax authorities
  • Analyze financial data and present findings to senior management to support decision-making by managing monthly and quarterly fluctuation analysis processes
  • Work cross-functionally with business partners and other functions, such as FP&A, Tax, Supply Chain, Manufacturing and Logistics, and Facilities, to ensure complete and accurate financial reporting per US GAAP
  • Maintain internal control best-practice financial accounting processes and ensure compliance with SOX for all areas of ownership
  • Provide internal and external auditors with requested documentation on a timely basis
  • Ensure all payroll and employee benefit costs and accruals are properly reflected in the general ledger
  • Leads the enhancement/automation of SAP modules for capital expenditure, GRIR, inventory, and accounts payable
  • Collaborate with IT to maintain good system processes and controls and ensure continuous improvement for our accounting system environment
  • Assist the Finance team in developing budgets and forecasts
  • Assist with other projects as requested

Our take

Electric air taxis may sound like a pipedream, but companies like Archer are in the process of testing models that they hope to begin producing at scale in 2025. Designed to be quiet and efficient, its current model can fly at speeds of 150 miles per hour and cover 60 miles per flight. With urban transport in mind, these air taxis are both greener and vastly more efficient than traditional vehicles.

Given the congestion and pollution issues that many cities are facing, it's easy to imagine such transport taking over. It’s also worth noting that although Archer plans to run them with human pilots initially, the company has automation as part of its long-term goals.

Other players exist in this space: EHang, a Chinese firm, flew its first aerial taxi in America in 2020. However, Archer has big backers and customers such as United Airlines (acting both as an investor and launch customer) and manufacturing partner Stellantis with whom it is mass-producing its flagship Midnight eVTOL aircraft.

There's certainly a growing demand for clean transport without sacrificing speed, but many barriers still remain in Archer's way as it must help to initiate a seismic shift in transportation infrastructure and behaviors to reach mass adoption. That being said, it has the funding behind it, raising close to $2 billion in post-IPO funding since 2021.

Freddie headshot

Freddie

Company Specialist

Insights

Top investors

44% employee growth in 12 months

Company

Funding (1 round)

Jul 2020

$55.7m

SERIES A

Total funding: $55.7m

Company values

  • Transparency - We rely on transparent, direct, and honest communication to achieve our mission in the most productive way possible as one team. We’re all in this together
  • Long-term thinking - We are long-term, mission-driven thinkers with an entrepreneurial spirit. We are not afraid to be bold, think creatively, and overcome any obstacles along the way to turning our dream into reality
  • Safety - Safety first, always. We are dedicated to ensuring the safety of our employees, future passengers, and the environment by building a high redundancy aircraft with no single point of failure. Through testing, high quality materials, and precision we will never compromise on safety
  • Sustainability - We’re dedicated to creating an aircraft that will push the world towards a zero-emissions future. By using advanced technology, electric batteries, and safe materials, the environment and health of our communities always comes first
  • Celebration - Most importantly, we celebrate together. From team events to test flights and everything in between, we know how to have fun

Company HQ

Tasman and Zanker, San Jose, CA

Leadership

Started their career in financial services, before co-founding Vettery, a talent marketplace, in 2012. Founded Archer in 2018.

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