Staff Accountant - Technical Accounting Chicago Woodridge, IL

Formic is on a mission to reshape American manufacturing by making automation accessible to every factory. As labor constraints rise, costs increase, and global competition intensifies, automation is no longer optional for manufacturers that want to stay competitive.

We deliver automation through a Robotics-as-a-Service model that combines industrial robotics, proprietary software, and full‑service support into a single, integrated solution. By removing the traditional barriers of cost, complexity, and risk, we enable manufacturers to deploy automation quickly and realize measurable gains in throughput, safety, and operational efficiency without large upfront capital investment.

Backed by leading investors including Lux Capital, Initialized Capital, Blackhorn Ventures, and Mitsubishi HC Capital North America, Formic is scaling rapidly and building the foundation for a new era of high‑performance, Made in America production.

Formic’s Finance team underpins the infrastructure of our Robotics-as-a-Service model. It is responsible for financial operations, treasury, capital strategy, credit, compliance, accounting, and customer financial servicing. As Formic scales nationwide, Finance plays a central role in ensuring disciplined capital deployment, strong portfolio performance, and long‑term financial durability.

As Staff Accountant - Technical Accounting, you will play a key role in building and scaling Formic’s accounting function. This role combines hands‑on execution and ownership of core accounting areas, while diving into complex, technical topics and helping shape how the function evolves.

This role is designed for someone coming out of public accounting who is ready to step into a more dynamic environment: one where you can apply your technical foundation, operate with autonomy, and make a tangible impact on systems, processes, and outcomes.

You will work hands‑on across audit, technical accounting, and complex transactions, while also helping modernize the finance function through automation and AI‑enabled tools. This role offers strong potential to expand your scope and grow alongside the business as Formic scales.

Audit & Controls:

• Prepare audit schedules and reconciliations, including gathering supporting documentation
• Partner directly with auditors to respond to requests and ensure efficient audit execution
• Strengthen internal controls and elevate documentation standards across the accounting function
• Identify and implement improvements to audit readiness, accuracy, and efficiency

Technical & Specialized Accounting:

• Research, document, and support the execution of technical accounting areas (e.g., revenue recognition, lease accounting, R&D tax credit)
• Contribute to accounting and reporting for complex transactions and new initiatives (e.g., securitization‑related reporting)
• Maintenance expense tracking and review, including policy review and improvements
• Ensure accurate and consistent application of accounting policies across evolving business activities
• Partner cross‑functionally to support accurate, timely financial reporting
• Support and improve monthly, quarterly, and annual close processes

Technology- and AI‑driven Process Improvement:

• Identify and drive opportunities to automate reconciliations, reporting, and workflows
• Support implementation and adoption of AI‑enabled accounting tools and financial systems
• Improve processes to reduce manual work, increase accuracy, and enhance scalability
• Bring forward AI‑enabled and process efficiency ideas and actively contribute to building a more modern, tech‑enabled finance function

• Bachelor’s degree in Accounting or Finance
• 2–5+ years of accounting experience (public accounting preferred)
• Strong understanding of US GAAP
• Proven success supporting audits or financial reporting
• Experience with automation, systems, or AI applications within finance
• Proficiency in Excel and strong analytical skills
• Experience with ERP systems (e.g., Net Suite, SAP, Oracle)
• Exposure to revenue recognition (ASC 606), lease accounting (ASC 842), credit losses (ASC 326)
• Experience in a high‑growth or…