Director, Technical Accounting and Revenue Recognition

Company Overview: Sanmina Corporation

Sanmina (Nasdaq: SANM) is a global leader in integrated manufacturing solutions, serving the Electronics Manufacturing Services (EMS) market. With a focus on communications, defense, aerospace, and medical sectors, Sanmina provides end-to-end support to Original Equipment Manufacturers (OEMs). We are looking for a strategic Director of Technical Accounting to ensure financial integrity across our global facilities.

Revenue Recognition (ASC 606) Expertise

• Policy Ownership: Developing and maintaining global revenue recognition policies in strict accordance with ASC 606 standards.

• Contract Analysis: Leading the review of complex, multi-element customer contracts to identify performance obligations and determine transaction prices.

• Manufacturing Specifics: Assessing timing for point-in-time vs. over-time revenue for custom manufacturing and analyzing variable considerations like rebates and warranties.

• Collaboration: Partnering with Legal and Sales teams to provide real-time guidance on the financial impact of proposed contract terms.

Technical Accounting & SEC Reporting

• Subject Matter Expert: Acting as the primary resource for technical accounting research, specifically for ASC 842 (Leases) and asset impairment testing.

• SEC Filings: Overseeing the preparation of financial statement footnotes and MD&A disclosures for Forms 10-K and 10-Q.

• Audit Management: Serving as the primary contact for external auditors, ensuring timely resolution of technical accounting inquiries.

• Standard Implementation: Monitoring FASB and SEC pronouncements to manage the company-wide implementation of new accounting standards.

Internal Controls & SOX Compliance

This role is critical for maintaining the integrity of the revenue cycle through robust internal controls.

• Control Design: Implementing and maintaining effective SOX controls over revenue recognition and technical accounting.

• Policy Governance: Communicating global policies to ensure consistency across international regions.

Required Qualifications

• Education: Bachelor’s degree in Accounting or Finance; CPA certification is highly preferred.

• Experience: 10+ years of progressive experience in technical accounting, preferably within a large manufacturing or EMS environment.

• Technical Knowledge: Deep expertise in US GAAP, SEC reporting requirements, and the ASC 606/ASC 842 frameworks.

• Skills: Strong leadership abilities with the energy to manage complex transactions independently.