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Intercompany Accountant

On-site in Madrid·Full-time·Added 2 days ago (last checked 6 Nov)

Diamond Foundry

18 open roles

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Our summary

Salary: €35,000 - €39,000 a year
About €2,200 - €2,420 a month after tax.
Work mode: On-site, Madrid
Contract: Full-time
English: Required
Experience: 2+ years
Education: University degree

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Skills

Accounting

Nice to have

Requirements

What we're looking for

Bachelor’s degree in Accounting or Finance with 2+ years of accounting experience, including hands-on month-end close experience
Experience at a multi-entity global company transacting in multiple currencies, ideally in manufacturing, inventory-heavy, or vertically integrated businesses

Nice to have

Working knowledge of intercompany entries, transfer pricing, elimination entities, foreign exchange revaluation, and cumulative translation adjustments is a plus
Advanced spreadsheet skills, including complex formulas, pivot tables, and multi-tab models. Experience with NetSuite OneWorld or similar multi-subsidiary ERP is a plus
Exceptional organization and communication skills, with the ability to own work end to end, collaborate cross-functionally with non-accounting teams, and seek out process improvements

The role

We are hiring an Accountant to own intercompany processes across a global group of roughly 20 subsidiaries in the United States, Spain, Germany, UAE, among other countries. This role will prepare transactions in the various functional currencies of these subsidiaries, which will require knowledge of foreign exchange revaluation, cumulative translation adjustment, and consolidation into the US Parent company USD financial presentation.

This role will report to a Senior Accountant and will require collaboration with the wider global accounting team. You will prepare recurring and ad-hoc intercompany entries, maintain and reconcile intercompany accounts, and be a key player in our accelerated month-end close.

What you'll do

Own intercompany journal entries, including transfer pricing, intercompany sales and COGS, cross charges for shared expenses, and cash settlements
Prepare elimination and consolidation entries, including intercompany profit margin elimination and payable and receivable netting
Reconcile intercompany payable, receivable, and investment accounts between subsidiaries and prepare supporting schedules within the close calendar
Oversee intercompany purchase order and sales order creation in NetSuite, track intercompany billing, and investigate unbilled or unmatched activity
Assist with ad hoc projects, process improvements, and audit requests

About Diamond Foundry

Diamond Foundry is a technology company that produces lab-grown diamonds using a proprietary plasma reactor process, eliminating the need for mining. Founded in 2012 and headquartered in San Francisco, USA, the company has expanded from jewelry-grade diamonds into semiconductor substrates, positioning itself as a leader in sustainable diamond manufacturing. Its operations span the US and Europe, with a significant manufacturing presence in Spain.

In Spain, Diamond Foundry operates a major production facility in Zaragoza, which serves as a key hub for its manufacturing and engineering teams. The company is actively hiring for roles in software engineering, mechanical design, quality, and industrial operations, offering international professionals the opportunity to work in a cutting-edge, high-tech manufacturing environment. With a focus on innovation and sustainability, Diamond Foundry provides a dynamic workplace for engineers and technicians looking to contribute to a rapidly growing industry.

Industry: Manufacturing
Founded: 2015
Employees: 500–1,000
Headquarters: San Francisco, USA
In Spain: Zaragoza

Good to know if you are moving

Diamond Foundry's Spain operations are centered in Zaragoza, a city with a growing industrial sector and good transport links to Madrid and Barcelona.
The company offers roles in both English and Spanish, with many technical positions requiring English proficiency, making it accessible for international professionals.
As a US-based company with a Spanish manufacturing hub, employees may have opportunities for cross-border collaboration and career growth.
Zaragoza offers a lower cost of living compared to major Spanish cities, making it an attractive location for relocating professionals.
The company is at the forefront of sustainable technology, appealing to professionals interested in environmentally friendly manufacturing.

All open roles at Diamond Foundry