GL Accounting Manager in Dallas, Texas at Applied Digital Corporation

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:

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:

The GL Accounting Manager will play a key role in supporting the Company's growing accounting function by managing complex accounting areas, ensuring accurate and timely financial reporting, and strengthening the monthly close process. This position will partner closely with Finance, Treasury, Legal, Tax, FP&A, and external auditors to support the Company's continued growth while maintaining compliance with U.S. GAAP and SEC reporting requirements.

Key Responsibilities:

• Lead accounting for debt arrangements, including new financings, modifications, interest accruals, and related disclosures.
• Manage stock-based compensation accounting under ASC 718, including grant accounting, modifications, forfeitures, and quarterly reporting.
• Oversee investment accounting, including equity method, fair value investments, and other strategic investments under applicable U.S. GAAP.
• Prepare and review monthly consolidations, elimination of entries, and intercompany reconciliations across multiple subsidiaries.
• Support corporate cost allocation methodologies and ensure consistent application across legal entities.
• Review complex journal entries, balance sheet reconciliations, and supporting schedules.
• Research and document technical accounting matters and prepare accounting memos as needed.
• Identify opportunities to improve accounting processes, internal controls, and automation within NetSuite and related systems.
• Mentor and develop accounting staff while promoting best practices and continuous process improvement.
• Participate in special projects, acquisitions, financing transactions, and system implementations as required

Basic Qualifications:

• Bachelor’s degree in accounting or finance; CPA required.
• 6–8+ years of progressive accounting experience, including public accounting and/or publicly traded company experience.
• Strong knowledge of U.S. GAAP and SEC reporting requirements.
• Experience with technical accounting areas such as debt, stock-based compensation, consolidations, and investments.
• Advanced Excel skills and strong analytical abilities.
• Excellent communication, organizational, and project management skills.
• Ability to manage multiple priorities in a fast-paced, high-growth environment.

Preferred Qualifications:

• Big Four experience is preferred
• Experience supporting SOX compliance and internal controls.
• Familiarity with ASC 718, ASC 320/321/323, ASC 470, ASC 480, ASC 815, and consolidation accounting

Please note that Applied Digital is currently unable to sponsor new applicants for employment authorization or provide immigration-related support for this position. This includes, but is not limited to, visa categories such as H-1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, E-2, E-3, L-1, O-1, and any Employment Authorization Documents (EADs) or other work authorizations that require employer sponsorship.

Physical Requirements:

The company has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and the company reserves the right to change this job description and/or assign tasks for the employee to perform, as the company may deem appropriate.

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbents acknowledge that they possess the skills, aptitudes, and abilities to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health or safety of themselves or others. This document does not create an employment contract, implied or otherwise, other than an “at will” relationship.

The company is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable.