Junior Accountant

Company Description

Akash Systems, Inc. is a venture-backed, late-stage, Bay Area company that makes and sells Diamond Cooled GPU-based servers to AI companies, Cloud Service Providers, and data centers worldwide.

The deep tech company pioneered Diamond Cooling® technology wherein the world’s most thermally conductive material, lab‑grown diamond, is brought into intimate contact with GPUs — the densest heat source chip in a modern high compute server. The resulting Akash server is one that exhibits more compute in FLOPS (>50%) and FLOPS per Watt (by 2x) than any other server in the market today.

Akash’s Diamond Cooled servers also reduce the energy cost of cooling the entire data center since the servers can operate in an ambient temperature of up to 120oF. The company’s lead investors include Khosla Ventures and Founders Fund. Akash Systems recently deployed its Diamond Cooling® technology in space, where many Akash satellite radios are now in operation.

We are looking for a detail-oriented and experienced Cost Accountant to join our finance team and report directly to the Head of Finance. This is a hands‑on role at the intersection of cost accounting and general financial accounting, suited for someone who takes ownership of the numbers and thrives in a collaborative, fast‑moving environment.

The Cost Accountant will be responsible for maintaining the company’s books in Quick Books, developing and maintaining product cost standards, supporting investor reporting and document requests, and contributing to the full spectrum of day‑to‑day accounting and month‑end close activities. This is a critical role supporting the financial integrity and operational effectiveness of the business.

• Develop, maintain, and continuously refine average cost models for all products, incorporating materials, labor, overhead, and other direct and indirect cost components.
• Analyze variances between standard and actual costs and investigate root causes in coordination with operations and procurement teams.
• Maintain accurate cost data in Quick Books and ensure proper cost layer integrity across inventory and product records.
• Perform periodic inventory costing reviews, reconcile physical inventory counts, and support cycle count programs.
• Prepare cost of goods sold (COGS) analyses and gross margin reports by product, product line, and customer.
• Support the development of pricing models and profitability analyses for new and existing products.
• Assist in establishing and documenting cost accounting policies, methodologies, and internal controls.

• Serve as the primary owner and administrator of the company’s Quick Books environment, ensuring the chart of accounts, class structure, and item lists are accurate and up to date.
• Record and reconcile all financial transactions including journal entries, accruals, prepayments, and reclassifications.
• Perform monthly bank, credit card, and balance sheet account reconciliations.
• Support the full monthly, quarterly, and annual close process, ensuring timely and accurate financial statements in accordance with GAAP.
• Maintain fixed asset schedules and record depreciation and amortization entries.
• Manage accounts payable and accounts receivable sub-ledgers, including vendor and customer reconciliations.

• Compile and organize financial documents, schedules, and supporting data in response to investor information requests and due diligence inquiries.
• Prepare and maintain standardized investor reporting packages, including financial statements, KPI dashboards, and variance commentary.
• Assist in the preparation of materials for board meetings, investor updates, and fundraising processes.
• Maintain organized, audit‑ready financial records and a well‑structured document repository to facilitate timely investor and lender requests.
• Coordinate with the Head of Finance to ensure investor‑facing financial data is accurate, consistent, and presented clearly.

• Assist in the preparation of monthly financial statements, management reports, and variance analyses comparing actuals to…