Sanmina Corporation (Nasdaq: SANM) is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina Corporation provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, defense and aerospace, industrial and semiconductor systems, medical, multimedia, computing and storage, automotive and clean technology sectors. Sanmina Corporation has facilities strategically located in key regions throughout the world.

Nature of Duties/Responsibilities

1. Revenue Recognition (ASC 606)

• Policy & Process Ownership: Develop, implement, and maintain revenue recognition policy in accordance with ASC 606

• Contract Review: Lead the review of complex, multi-element customer contracts and sales agreements to identify distinct performance obligations, determine appropriate transaction prices, and allocate revenue accurately.

• Manufacturing-Specific Analysis:

  • Assess timing of revenue recognition (point-in-time vs. over-time) for custom manufacturing, non-standard products, and projects with installation or service components.

  • Analyze and document treatment for warranties (assurance vs. service), variable consideration (rebates, discounts, returns) etc.

  • Establish and maintain standalone selling prices (SSPs) for all distinct performance obligations.

• Cross-Functional Collaboration: Partner closely with Sales, Legal, Operations, and Project Management teams during contract negotiations to provide real-time accounting guidance and assess the financial impact of proposed terms.

• Month-End Close: Oversee the month-end revenue close process, including the review of journal entries, account reconciliations, and variance analysis.

2. Technical Accounting & Policy

• Subject Matter Expert: Serve as the organization's primary resource for technical accounting research, interpretation, and documentation.

• Complex Transactions: Lead the accounting analysis and prepare technical memos for complex transactions, including:

  • Inventory Arrangements

  • Lease accounting (ASC 842).

  • Asset impairment testing (goodwill, intangibles, long-lived assets).

  • Complex vendor arrangements

• New Standards Implementation: Monitor new accounting pronouncements from the FASB and SEC. Lead the assessment of their impact and manage the company-wide implementation process.

• Policy Governance: Develop, update, and communicate global accounting policies to ensure consistency and compliance across the organization.

3. Financial Reporting & Controls

• SEC Filings: Oversee the preparation and review of accounting-related sections of SEC filings (Forms 10-K, 10-Q), including financial statement footnotes and MD&A disclosures related to revenue and other technical matters.

• External Audit: Manage the relationship with external auditors as the primary contact for technical accounting and revenue recognition. Coordinate audit requests and ensure timely resolution of inquiries.

• Internal Controls (SOX): Design, implement, and maintain effective internal controls over the revenue recognition cycle and other technical accounting areas to ensure SOX compliance.

Education and Experience

• 10+ years accounting experience with a combination of Big 4 and industry experience

• CPA or equivalent

• Strong, in-depth knowledge of various technical accounting areas relevant to manufacturing organizations including inventory, vendor arrangements, manufacturing and product revenue recognition

• Ability to think outside the box, comfortable with ambiguity and provide suggestions and guidance

• Ability to communicate highly technical perspectives to individuals with varying degrees of experience in the subject matter, ranging from sales personnel and certain other customer-facing individuals to other finance personnel and executive management.

Sanmina is an Equal Opportunity Employer