Staff Accountant

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Accounting Professional Dallas, TX, US

2 days ago Requisition

About Applied Digital:

At Applied Digital, we are the epicenter of AI innovation, crafting cutting-edge data center solutions tailored for the demands of high-performance computing. Designed from the ground up to support AI and machine learning workloads, our infrastructure is the backbone of tomorrow’s technological advancements, including AI-driven video and generative platforms.

We are:

• Forward-Thinkers:
  With a keen eye on current market trends and future innovations, we adapt swiftly and lead technological evolution.
• Resilient:
  We navigate complex challenges and emerge stronger, delivering robust and reliable solutions for industry pioneers.
• Innovative Designers:
  Leveraging the latest technologies, we create visionary solutions that redefine industry standards.

At Applied Digital, we are committed to solving intricate problems, advancing business initiatives, maximizing operational efficiency, and reducing our carbon footprint. We are a team of resilient, forward-thinking innovators driving the AI revolution.

Position Summary:

Reporting to the Accounting Manager, the Staff Accountant will own key corporate accounting areas including payroll; debt, equity & investment accounting; and corporate allocations. This role is responsible for preparing journal entries, account reconciliations, and roll forwards, and plays a central role in the monthly, quarterly, and annual close. The position works closely with third-party providers, internal teams, and external auditors to ensure accurate, timely, and U.S. GAAP-compliant financial reporting, and contributes to continuous process improvement as the company scales.

Key Responsibilities:

• Prepare and record journal entries for payroll, debt, equity & investment accounting, and corporate allocations in accordance with U.S. GAAP.
• Account for payroll, including wages, bonuses, commissions, payroll taxes, benefits, and related accruals; reconcile payroll registers to the general ledger.
• Account for debt activity, including draws, repayments, interest expense and accruals, amortization of debt issuance costs and discounts, and covenant tracking support.
• Record equity transactions, including stock issuances, warrants, option exercises, and preferred stock activity; maintain the equity roll forward.
• Calculate and record share-based compensation expense (RSUs, PSUs, stock options) under ASC 718, including forfeitures and related tax impacts; reconcile to equity administration platform reports.
• Prepare and maintain balance sheet reconciliations, roll forwards, and supporting schedules for assigned accounts.
• Support the monthly, quarterly, and annual close processes, including preparation of flux and variance analyses and meeting close deadlines.
• Coordinate with third-party providers, including payroll processors, equity administrators, and lenders, to obtain and reconcile reports.
• Assist with financial statement footnote disclosures, SEC reporting support, audit requests (quarterly reviews and year-end audit), and lender or regulatory reporting.
• Support SOX compliance by executing and documenting internal controls over assigned processes.
• Identify and implement process improvements and automation opportunities; perform other accounting duties and ad hoc projects as assigned.

Basic Qualifications:

• Bachelor’s degree in Accounting or Finance required.
• 2–3 years of accounting experience applying U.S. GAAP, in public accounting and/or a corporate accounting environment.
• Solid working knowledge of U.S. GAAP, including payroll, debt, equity, and…