Mission:We are seeking a Senior Accountant to own the accounting for high-value hardware purchases from procurement through capitalization and ongoing fixed asset lifecycle management. Groq pioneered the LPU and now runs it alongside next-generation GPUs to deliver fast, reliable AI inference at scale. We're building the premier neocloud for inference, anchored by bare-metal infrastructure across data centers in North America, Europe, the Middle East, and Asia-Pacific, and we're adding hundreds of megawatts of capacity, with much more on the way. Accurate accounting for the hardware that powers our platform is critical as we scale. This role sits at the intersection of Accounting, Procurement, and Data Center Operations, ensuring accurate cost capture, proper ownership documentation, and clean fixed asset records for the compute infrastructure that underpins Groq's inference platform.
Location: This role will be based in one of our three hiring hubs: the
Dallas, San Francisco, or New York City area. The person hired for this role must be based in one of these three areas. You'll have the flexibility to work remotely while we establish our local Groq office, with the expectation that this role will transition to onsite once the office opens.
Responsibilities & opportunities in this role:- Partner with Procurement on direct purchase orders for hardware reviewing PO terms for accounting accuracy.
- Confirm shipping documentation and transfer of ownership/title before recording assets; track in-transit inventory and ensure timely recognition of received goods.
- Validate landed costs (freight, duties, insurance) and BOMs against vendor invoices and POs; investigate and resolve cost variances.
- Maintain the fixed asset register: capitalize new assets, set useful lives, run depreciation, and process transfers and disposals.
- Determine capex vs. expense treatment on hardware purchases in line with company policy.
- Tag, categorize, and track assets by location in NetSuite FAM; keep the fixed asset roll-forward current and tied to the GL.
- Maintain inventory records in NetSuite's Inventory module; partner with Data Center Ops on cycle counts and physical inventory, reconciling results to FAM and the GL.
- Monitor for excess, obsolete, or slow-moving inventory and recommend reserve adjustments.
- Own month-end close for fixed assets, inventory, and related accruals (journal entries, accruals, reclasses).
- Prepare and review balance sheet reconciliations for fixed assets, inventory, and accrued receipts.
- Perform flux analysis on fixed asset/inventory balances and related P&L accounts (depreciation, COGS, freight, reserves), explaining variances month-over-month and vs. budget.
- Support internal and external audit requests for fixed assets and inventory (schedules, roll-forwards, supporting documentation).
- Ensure accounting treatment aligns with US GAAP (e.g., ASC 360) and internal policy.
- Identify and drive process and NetSuite automation improvements across procurement-to-pay, fixed assets, and inventory workflows.
- Serve as the accounting liaison to Procurement and Data Center Ops on hardware purchasing, receiving, and asset tracking.
- Clean, audit-ready fixed asset and inventory records with minimal reconciling items.
- Fast, accurate turnaround on landed cost and BOM validation, minimizing downstream cost corrections.
- Strong working relationships with Procurement and Data Center Ops, with proactive issue flagging rather than after-the-fact fixes.
- Continuous improvement of inventory and asset-tracking controls as the hardware fleet scales.
Ideal candidates have/are:Required- Bachelor's degree in Accounting, Finance, or related field.
- 4+ years of progressive accounting experience, including month-end close, account reconciliations, and flux analysis.
- Meaningful exposure to fixed assets and/or inventory accounting.
- Strong understanding of shipping/logistics documentation (bills of lading, customs forms, Incoterms) and its accounting implications.
- Solid working knowledge of US GAAP, particularly as it relates to fixed assets and inventory.
- Excellent cross-functional communication skills, with experience partnering with Procurement, Operations, or Supply Chain teams.
- Strong Excel skills; comfort working with large datasets and reconciliations.
Preferred- CPA or CPA candidate.
- Experience in a data center, semiconductor, cloud infrastructure, or hardware-intensive environment.
- Hands-on experience with NetSuite, specifically the Fixed Asset Management (FAM) and Inventory modules.
- Experience supporting physical inventory counts across multiple sites.
- Exposure to ASC 360 (fixed assets) and general inventory costing methodologies.
CompensationGroq is committed to providing competitive compensation through our Total Cash philosophy, which incorporates potential bonus value directly into base pay. The total cash salary range for this position, which is inclusive of the potential bonus value, is $115,[redacted]00, with individual placement determined by your geographic location, experience, skills, and alignment with internal compensation standards. This range is specific to candidates located in the United States. Compensation for international candidates will vary based on local market dynamics. Beyond cash compensation, Groq currently offers a quarterly bonus as an interim alternative to equity, with plans to introduce long term incentive program participation in the near term future. Employees also receive a robust suite of benefits.
US Job PostingThis position may require access to technology and/or information subject to U.S. export control laws and regulations, including the Export Administration Regulations (EAR). To comply with these requirements, candidates for this role must meet certain citizenship or residency criteria. Specifically, they must qualify as U.S. Persons for export control purposes (i.e., U.S. citizen, U.S. lawful permanent resident (Green Card holder), or a protected individual under 8 U.S.C. 1324b(a)(3) such as a refugee or asylee), or otherwise be eligible for an applicable export license.
Non-US Job PostingsThis position may require access to technology and/or information subject to U.S. export control laws and regulations, as well as applicable local laws and regulations, including the Export Administration Regulations (EAR). To comply with these requirements, candidates for this role must meet all relevant export control eligibility criteria.
