Controller - Hybrid Position in Cardiff by the Sea, California at INFINITY X1 LLC

About Infinity X1
Infinity X1 is a dynamic, rapidly growing consumer goods company dedicated to providing the finest quality products in power management, smart technology, and illumination. As a result of years of research and development, our products offer superior nighttime visibility, extended battery life, and sophisticated adaptive technology. We have successfully doubled our revenue year-over-year since 2019, and our products are currently sold through major, known retailers including Costco, Walmart, and Lowe’s.

Position Summary
We are seeking a highly detail-oriented and experienced Controller to join our team. This critical leadership role reports directly to the CFO and is responsible to assist with financial reporting, internal accounting, and purchasing functions. The Controller will be supporting the CFO in ensuring the accuracy of our financial records, the efficiency of our transactional processes, and compliance with our key retail partners.

Key Responsibilities

The duties of this role include, but are not limited to, the following areas:

• Financial Reporting & Close: Assist with monthly and annual closing process, ensuring timely and accurate financial reporting (P&L, Balance Sheet, Cash Flow).

• General Ledger & Reconciliation: Oversee all general ledger activity, including inventory and balance sheet reconciliations, journal entries, and detailed account analysis.

• Cash Management: Assist with cash flow activities, including monthly bank reconciliation, corporate credit cards, weekly supplier wires, vendor payments, cash distributions and preparing occasional cash projections.
• Accounts Receivable: Direct and manage the full AR cycle, ensuring timely order processing and accurate invoice submission across both the accounting system and customer portals and timely collection process. This includes leading the process to review and validate all retailer deductions and chargebacks for all accounts.

• Accounts Payable & Control Oversight: Supervise the Accounts Payable function, ensuring all bills are processed and paid in a timely and efficient manner. This involves improving the approval process and maintaining internal controls to ensure payable transactions are valid

• Supplier Claims: Oversee the submission and tracking of all quarterly supplier claims related to product defects and other issues.

• Financial Analysis and reporting: Weekly/Quarterly/Annual sales projections and financial reporting. Assist with various financial analysis projects. Preparation of materials for weekly sales projections, quarterly board meeting and annual financial audits and budgets.

• Pricing & Margin Analysis: Ensure accuracy of all customer sales pricing and supplier FOB costs and prepare cost analysis of accounts and

• Royalty & Commissions: Oversee the full process, including the accurate calculation, recording, accrual, and reporting of all royalty and commission liabilities.

• Costco Marketing Accruals: Manage and maintain accrual files for Costco marketing programs, regularly updating balances and validating the legitimacy of all related deductions.

Qualifications

• Bachelor’s degree in Accounting, CPA preferred.
• Minimum of 20 years of experience in accounting, proven experience overseeing a purchasing function with at least 10 years in a leadership role.
• Strong working knowledge of U.S. GAAP.
• Experience in the consumer goods, import, or retail industry is highly desirable, particularly with vendor portals and major retail partners (e.g., Costco, Lowe’s).
• Expert-level proficiency in NetSuite.

Competencies

• Leadership: Ability to lead and mentor a team of accounting and purchasing professionals.
• Detail Orientation: Exceptional attention to detail and accuracy in complex financial and transactional data.
• Problem-Solving: Proven ability to investigate and resolve accounting and purchasing issues
• Communication: Excellent verbal and written communication skills for internal and external stakeholders (e.g., attorneys, agents, vendors)

This is a hybrid position, but we are currently only considering candidates located in the Greater San Diego area (our office is in the Cardiff area).

Please provide your salary history, salary requirement, and availability for an interview.