The Role
As the Senior Manager of Accounting Close and Operations at Penumbra, you will play a vital role in the company leading critical areas in the monthly, quarterly, and annual close processes, performs financial statement analysis, and assists the Assistant Controller and Controller with technical accounting issues and the management of the department. In this leadership position, you will be responsible for developing and mentoring your team, taking ownership over key aspects of the close process, while providing business insights into our financial results.
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 activities and certain international close activities.
• Key player in the monthly, quarterly, and annual close process, managing deliverables to ensure the delivery of timely and accurate financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP).
• Lead areas in the month end close cycle, including taking ownership of journal entries, account reconciliations, and fluctuation analyses for key components of our financial statements.
• Leads team in presenting financial results, identifying trends, and providing insights to management.
• Assist the Assistant Controller and Controller with the management of the accounting department, including work distribution and problem-solving.
• Lead the integration and maintenance of new and existing accounting systems and processes.
• Drive close cycle automation and process improvement initiatives intended to condense the close cycle, reduce manual work, and improve consistency and standardization of processes.
• Review schedules to support SEC filings, audit and other statutory reporting requirements and work with external auditors.
• Assist management with special projects and tasks.
• Provide technical accounting expertise and knowledge.
• Maintain effective internal controls for the financial close processes, ensuring compliance with SOX requirements and mitigating financial risk by monitoring accounting policies and procedures.
What You Contribute
• A Bachelor's degree in accounting or related field with 12+ 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
• 8+ 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: $165,000 - $225,000 / 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.
Penumbra Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Penumbra and has not been reviewed or approved by Penumbra.
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Healthcare Strength — Company materials describe comprehensive medical, dental, and vision coverage with immediate eligibility, alongside life and disability insurance. Feedback suggests health coverage quality is a standout element of the package.
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Parental & Family Support — Company sources indicate fully paid parental leave and on-site support for nursing parents in key locations. Feedback suggests family support policies compare favorably within med‑tech employers.
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Leave & Time Off Breadth — Company postings outline paid holidays, sick leave, and vacation that increases with tenure. Feedback suggests time‑off provisions are broadly competitive when weighing total package value.
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The Company
What We Do
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. Members of the Penumbra team agree that this is where their work has meaning -- we are transforming the treatment of some of the world's most devastating conditions. Penumbra is where everyone's ideas matter, and where learning and growth are constant.
