Controller

About K1 Industries For the first time in decades, power demand growth in the US has jumped 5x, driving multi-year lead times for critical power infrastructure. K1 builds and deploys modular power packages at scale, now. The role K1 is hiring a Controller to build and run the accounting function as we scale manufacturing and commercial operations. We need someone who can own the close, lead the accounting side of our ERP implementation, establish reliable manufacturing accounting, and manage the company’s financial statement audit. You will build the systems and controls that give leadership an accurate view of our financial position and the cost of what we build. This is a hands-on, builder role. Today our accounting is handled by an outside firm; you will be our first in-house accounting hire, bringing the function in-house and building it alongside finance, which will share the load while the team is small. You will work closely with finance, engineering, procurement, supply chain, and operations to connect purchasing, inventory, production, and fixed assets to the general ledger. Expect to do the detailed work yourself at the start, including journal entries, reconciliations, and resolving gaps in source data, while turning evolving processes into a repeatable close and reliable financial reporting. You will report to the Head of Finance with strong visibility to the leadership team. What the role owns Close and financial reporting: Own the monthly, quarterly, and annual close, including journal entries, account reconciliations, accruals, and financial statements. Establish a clear close calendar, review process, and supporting documentation. Investigate variances and communicate results and accounting judgments to finance leadership. Support board and investor reporting cycles. ERP implementation and management: Lead the accounting and financial workstreams of ERP implementation, partnering with operations and supply chain and with external implementation specialists. Own the chart of accounts, accounting requirements, opening balances, and financial reporting setup. Drive data migration, testing, reconciliations, and user readiness through go-live and stabilization, and own the system’s accounting configuration and controls after go-live. Inventory, WIP, and manufacturing cost accounting: Establish and maintain accounting for raw materials, work in process, and finished goods. Work with procurement, supply chain, and manufacturing to ensure receipts, material movements, production activity, and completed builds are recorded accurately. Own inventory reconciliations, physical and cycle count procedures, costing methods (job costing for complex builds and standard costing as volumes grow), overhead allocation, and the treatment of scrap, rework, and obsolescence. Build reliable visibility into material, labor, and overhead costs by product or build, investigate cost variances with operations, reconcile production records to financial results, and improve the accuracy of cost of goods sold and margin reporting. Fixed assets: Own fixed asset and construction-in-progress schedules, including additions, transfers, depreciation, and disposals. Establish clear capitalization policies and supporting records for equipment, tooling, facilities improvements, and other qualifying expenditures. Coordinate with engineering and operations to track when assets are placed in service. Revenue and contract accounting: Establish revenue recognition and billing for equipment sales, long-term service agreements, and warranties, including deferred revenue, contract balances, and warranty reserves. Internal controls and accounting policies: Build practical controls over purchasing, payments, inventory, journal entries, system access, and financial reporting. Establish approval authority, appropriate separation of duties, and documented review procedures. Maintain accounting policies and resolve technical accounting questions with ext…

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