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Sr. Technical Accounting Manager
Sr. Technical Accounting ManagerFortinet • Sunnyvale, CA, United States
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Sr. Technical Accounting Manager

Sr. Technical Accounting Manager

Fortinet • Sunnyvale, CA, United States
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  • [job_card.full_time]
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Fortinet is a global leader and innovator in cybersecurity and continues to be a driving force in the evolution of cybersecurity and the convergence of networking and security. Securing people, devices, and data everywhere is our mission. To that end, our portfolio of over 50 enterprise-grade products is the largest integrated offering available, delivering proven cybersecurity everywhere customers need it. More than 890,000 customers trust Fortinet solutions, which are among the most deployed, most patented, and most validated in the industry.

Within our unified platform, three solutions - Secure Networking, Security Operations, and Unified SASE - redefine cybersecurity, helping you to respond to an ever-evolving cybersecurity landscape to meet constantly accelerating business needs. The solution to simplifying complex networks, distributed users, and hybrid applications is the convergence and consolidation of security, all with flexible consumption models to make buying easy.

The Fortinet Security Fabric enables automated protection, detection, and response along with consolidated visibility across both Fortinet solutions and a broad ecosystem of over 500 third-party solutions. Fortinet holds 1,067 U.S. patents-nearly three times more than comparable network security vendors-a testament to our dedication to organic innovation that delivers industry-leading cybersecurity and networking solutions. The vast majority of Fortinet's R&D is based in North America and the company has support and centers of excellence across the globe.

Our market position and solution effectiveness have been widely validated by industry analysts, independent testing labs, business organizations, and media outlets worldwide. We are proud to count the majority of Fortune 500 companies among our satisfied customers.

For 2025, we project over $7 billion of billings and we are supported by a world-wide employee group of 15,000+ in more than 100 countries.

The Senior Manager Technical Accounting reports to the Director of Technical Accounting and will play a significant role in ensuring the integrity, consistency and application of GAAP world wide, including supporting the finance team with complex accounting matters, application of new guidances, implementation of accounting policies, practices, and systems. He / she will be a key member of the finance team at Fortinet, and will take on a wide range of responsibilities and work in a number of areas, including Cost Accounting, Technical Accounting and research, GL Accounting, Treasury, SEC Reporting, internal reporting, M&A support, equity investments, as well as a variety of ad hoc projects. The successful applicant will engage in problem solving of most complex accounting matters, research on technical guidance and also prepare internal management presentations for members of the Audit Committee and executive team. In addition to Cost Accounting, GL and Technical accounting, this position offers the opportunity to leverage a background of SEC reporting and SOX with the intensity, dynamics and rapid change of a high-growth technology company. This individual will have the capacity to drive reporting and technical excellence, while supporting the development of practical business processes and solutions. The Senior Manager Technical Accounting will have a background in researching and teaching others about new GAAP as well as existing GAAP requirements, be detail oriented and have strong organizational and relationship building skills. This position requires strong communication capabilities to work with finance and non-finance personnel.

Major Responsibilities

  • Technical Accounting, Accounting and Compliance
  • Lead and improve complex cost accounting projects quarterly - inventory reserves calculations, manage journal entries, communication with the operations team, and support related forecasting tasks.
  • Be responsible for researching and updating internal documentation on technical accounting issues and new accounting guidance and their application to internal and external reporting. Summarize the resulting analysis and conclusion for both executive review and to record in the general ledger.
  • Support M&A activities, including contract review, detailed business understanding and identification and resolving of complex accounting issues, communication with accounting and tax teams, testing of various account balances for completeness and accuracy, booking journal entries, and providing SEC reporting team with relevant disclosure support.
  • Support treasury function related process development and improvements.
  • Support month-end, quarter-end and year-end accounting close for areas of functional responsibility.
  • Assist with month-end close including, but not limited to, journal entries, accruals, and reconciling general ledger accounts
  • Prepare SEC schedules, department close and reporting packages, analytics, management presentations and efficiency metrics
  • Document business processes for standard accounting tasks
  • Participate in financial transformation initiatives, implement process changes and establish best practices
  • Coordinate with other departments to obtain transaction information, research reconciling items, and resolve issues
  • Assist with ad-hoc projects and management inquiries

Work closely with international accounting teams to ensure consistent application of policies and procedures.

  • Assist in preparation of the statements of cash flow, earnings per share, and equity roll-forward.
  • Operational and Strategic

  • Work with Director of Technical Accounting to set priorities and work with regional teams on various initiatives.
  • Communication
  • Support with the preparation of quarterly audit committee presentations, other audit committee related reports, and external investor presentations
  • Effectively communicate with all levels of the organization, third party service providers, including external auditors, Assist in quarterly reviews and annual audit with external auditors.
  • Provide accounting / disclosure support and advice to world-wide finance personnel
  • Develop and maintain working relationships across Finance, Legal, Investor Relations, and other organizations.
  • This position requires a detail- as well as relationship-driven individual who will contribute to Fortinet's overall success. The position requires an individual who can support constant change, be flexible and adapt in an evolving fast-paced work environment and often work under tight deadlines with changing requirements.

    Key relationships

  • Inventory operations team
  • Technical Accounting team
  • Accounting team
  • SEC Reporting team
  • Controller
  • Assistant Controller
  • Internal Auditors
  • External Auditors
  • Essential Requirements

  • Bachelor's degree in Accounting or Finance; CPA required
  • At least 8-10 years of experience with at least 3 years of experience at a Big 4 public accounting firm, preferred
  • Strong understanding of typical financial statement line items and financial metrics / ratios
  • Experience with Oracle or similar global ERP system, preferred
  • Strong analytical skills, creative problem-solving, and ability to summarize conclusions succinctly
  • Flexibility and comfort with continuous change, willingness to take on challenges
  • Ability to prioritize multiple duties and work independently
  • Excellent verbal and written communication skills, ability to actively and attentively listen
  • High degree of dedication to improvement and strong sense of ownership
  • High standards of customer service to contacts both within and outside the company
  • Strong proficiency in Microsoft Excel. Knowledge of Word, Outlook and PowerPoint.
  • Fortinet offers employees a variety of benefits, including medical, dental, vision, life and disability insurance, 401(k), 11 paid holidays, vacation time, and sick time as well as a comprehensive leave program.

    Wage ranges are based on various factors including the labor market, job type, and job level. Earnings for this position are expected to be $69,000 - $110,000 Exact salary offers will be determined by factors such as the candidate's subject knowledge, skill level, qualifications, experience, and geographic location.

    All roles are eligible to participate in the Fortinet equity program, Bonus eligibility is reviewed at time of hire and annually at the Company's discretion

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