VP of Accounting

VP of Accounting

Full Time + Benefits (Medical, Dental, Vision, 401k with Company Match, PTO)

Job Type: Onsite

Salary Range: $220,000 - $250,000, DOE

Location: Milpitas, CA

Fralock is an engineered solutions provider of specialty components and subassemblies using advanced materials for high reliability, severe environment, and technically challenging applications. We develop and manufacture custom integrated solutions. 

Established in 1967, we are a critical solutions provider to Fortune 500 corporations, government, and targeted OEMs in a variety of industries including Semiconductor Equipment Manufacturing, Medical and Life Science, Aerospace and Defense, Industrial, Electronics, and Energy. Fralock is headquartered in Valencia, CA with manufacturing locations located throughout Northern and Southern California.

VISION

To be recognized by our customers as a leading solutions provider of proprietary engineered advanced materials for high reliability, severe environment, and technically challenging applications.

MISSION

To create value, profitably grow, and share our success with all stakeholders.

CULTURE

• Respect – We treat others the way they want to be treated.
• Integrity – We practice a high standard of ethics in our business dealings with customers, employees, and suppliers.
• Responsiveness – We have a sense of urgency in responding to internal and external requests and work proactively to solve problems.
• Excellence/Competence – We empower our people to continuously improve and execute high quality work.
• Teamwork – We work together to achieve Fralock business objectives by communicating at a high level, by listening and having clarity in our expectations of one another.
• Individual Accountability and Personal Responsibility – We do what we have committed to do when we committed to doing it.
• Continuous Improvement across all segments of the company

This position requires access to information controlled under the International Traffic in Arms Regulations (ITAR) or the Export Administration Regulations (EAR), the successful candidate must be a "U.S. person" as defined in the ITAR and EAR (which generally means (i) be a citizen or national of the United States; or (ii) be a lawful permanent resident of the United States; or (iii) have been admitted to the United States as a refugee, or have been granted asylum, as specified under applicable law.

Main Functions

The VP of Accounting is the sponsor-facing accounting executive responsible for building a disciplined, scalable accounting organization that delivers accurate, timely, and auditable financial results across Fralock divisions.

In this private equity-owned environment, the VP of Accounting owns the integrity of actuals, strengthens the control environment, accelerates the close cycle, and provides Arsenal Capital Partners with clear visibility and diligence readiness. This leader operates with accountability over the record-to-report process and works in close partnership with the CFO, VP of Finance. This role will include direct exposure to Arsenal’s deal team as part of its sponsor-facing responsibilities.

Accounting Operations:

• Own the general ledger structure, account maintenance, journal entry discipline, and consolidated balance sheet integrity;

• Lead the monthly, quarterly, and annual close with clear timelines, defined ownership, and escalation protocols across all sites;

• Oversee AP, AR, payroll accounting, fixed assets, prepaid expenses, accruals, and intercompany accounting across all entities;
• Ensure inventory and cost accounting are accurate and support operational visibility into manufacturing margin performance;
• Prepare consolidated GAAP compliant financial statements with entity-level detail, intercompany eliminations, and documented management adjustments.

Controls and Compliance:

• Design, implement, and enforce internal controls, approval workflows, and segregation of duties across all entities;
• Strengthen account reconciliations, review standards, and audit documentation to eliminate recurring findings;
• Lead remediation of control gaps, audit findings, and close process defects including resolution of prior audit findings;
• Maintain readiness for lender compliance reporting, deadlines, annual external audit, and transaction diligence;
• Build a control environment suitable for presentation to a prospective buyer’s quality of earnings team.

PE Sponsor Partnership:

• Serve as the trusted accounting contact for Arsenal Capital Partners; providing clean actual, timely communication, and concise explanations of accounting judgments;
• Participate in sponsor reviews covering close status, balance sheet quality, working capital, and audit or diligence issues;
• Support Arsenal requests related to financing, add-on acquisitions, exit preparation, and quality-of-earnings processes;
• Translate accounting matters into sponsor-relevant impacts on EBITDA quality, cash conversion, and reporting risk.

Cost Accounting and Manufacturing P&L:

• Own the cost accounting framework across all manufacturing sites: standard cost development, overhead allocation methodology, and manufacturing variance analysis;
• Build and maintain plant-level P&L reporting that accurately reflects each site’s contribution to consolidated operating income;
• Establish and document product costing methodology sufficient for quality of earnings review and buyer diligence scrutiny;
• Partner with operations leadership to identify cost drivers and track margin improvement initiatives.

Transformation and Restructuring:

• Lead redesign of close processes, accounting policies, and workflows to improve speed, accuracy, and repeatability;
• Partner with the CFO, operations, IT, and the VP of Finance on ERP improvements, automation, and process simplification;
• Identify root causes behind recurring problems and implement sustainable fixes;
• Support restructuring priorities that improve confidence in reported results and operating discipline.

Team Leadership:

• Build, lead, and develop a high-performing accounting team across all sites with clear ownership, accountability, and performance standards;
• Supervise all site-level accounting staff and controllers; establish direct or dotted-line reporting relationships as needed;
• Coach team leaders on close management, control discipline, and sponsor-ready communication;
• Create a culture of precision, critical thinking, and continuous improvement; ensure the function can scale as the business grows or pursues transactions.

Required Skills

• Technical accounting (GAAP/IFRS) 
• Financial reporting 
• Internal controls/SOX 
• Audit management 
• Team leadership 
• ERP expertise 
• Process improvement and automation 
• Executive communication 
• Strategic business partnership with CFO/executive leadership

Preferred Skills

• APICS Certification
• Fluent with M2M MRP/ERP system 
• 3-5 years of supervisory experience
• Knowledge of military and commercial specifications and standards 
• Lean manufacturing /six sigma training and demonstrated experience
• Experience Leading Sales & Operations Planning (SOP) or SIOP

Education Requirements

• Bachelor's degree in Accounting or Finance
• MBA preferred 

Experience Requirements

• CPA strongly preferred 
• 10–15+ years of progressive accounting experience 

• Significant management experience

All offers of employment at Fralock are contingent upon clear results of a background check. Background checks may include some or all the following depending on job title and responsibilities:

• Social Security Verification
• Prior Employment Verification
• Criminal History
• Personal and Professional References
• Motor Vehicle Records
• Credit History

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of a position.

Fralock provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.