- Track asset commissioning and ensure timely capitalization once assets are placed into service.
- Monitor CIP aging and ensure appropriate classification and capitalization timing.
- Ensure compliance with ASC 842 including lease classification, ROU asset and liability calculations, and ongoing lease reassessments.
- Support processes for asset tagging, inventory tracking, and periodic physical verification of assets.
- Oversee asset retirement and decommissioning processes for technology equipment.
- Drive automation and integration between ERP (NetSuite), procurement systems, and asset tracking tools.
- Develop scalable processes to manage high volumes of infrastructure assets
Requirements
Lambda, The Superintelligence Cloud, is a leader in AI cloud infrastructure serving tens of thousands of customers.
Our customers range from AI researchers to enterprises and hyperscalers.
If you'd like to build the world's best AI cloud, join us. *Note: This position requires flexible presence in both our San Francisco and San Jose offices, a total of 4 days per week; Lambda’s designated work from home day is currently Tuesday.
The majority of our fixed assets consist of GPU compute infrastructure, along with associated racks, cabling, and supporting data center equipment.
The ideal candidate brings strong technical accounting expertise, operational rigor, and the ability to partner cross-functionally with infrastructure, procurement, and legal teams in a rapidly scaling environment. Key
Qualifications - Required - Bachelor’s degree in Accounting or Finance. - 7+ years of accounting
experience with significant exposure to fixed asset and lease accounting. -
Experience managing large-scale fixed asset and lease portfolios ($2B+ preferred). - Strong understanding of U.S. GAAP fixed asset accounting and ASC 842 lease accounting. -
Experience managing Construction in Progress (CIP) and capital project accounting. - Proficiency with ERP systems and fixed asset management modules. - Strong analytical, organizational, and process improvement skills. - Preferred - CPA with public accounting experience. -
Experience in data center, cloud infrastructure, technology hardware, telecom, or other capital-intensive industries. -
Experience with global operations and multi-location lease portfolios. -
Experience implementing or optimizing fixed asset or lease accounting systems. - Forward-thinker in embracing and implementing AI tools as part of foundational accounting processes.
Key Competencies - Technical accounting expertise (fixed assets and leases) - Strong internal controls mindset - Ability to manage complex, high-value asset portfolios - Cross-functional collaboration with operational teams - Detail-oriented with strong analytical capability - Ability to operate effectively in a fast-growing environment - Forward-thinker in embracing and implementing AI tools as part of foundation accounting processes.
About Lambda - Founded in 2012, with 500+ employees, and growing fast - Our investors notably include TWG Global, US Innovative Technology Fund (USIT), Andra Capital, SGW, Andrej Karpathy, ARK Invest, Fincadia Advisors, G Squared, In-Q-Tel (IQT), KHK & Partners, NVIDIA, Pegatron, Supermicro, Wistron, Wiwynn, Gradient Ventures, Mercato Partners, SVB, 1517, and Crescent Cove - We have research papers accepted at top machine learning and graphics conferences, including NeurIPS, ICCV, SIGGRAPH, and TOG - Our
Benefits
The company maintains over $1.5B in fixed assets placed into service, more than $200M in Construction in Progress (CIP), and $500M+ in operating Right-of-Use (ROU) assets related to data center leases across 15+ locations in the U.S. and internationally.
Salary Range Information The annual salary range for this position has been set based on market data and other factors.
However, a salary higher or lower than this range may be appropriate for a candidate whose
Additional details
Lambda's mission is to make compute as ubiquitous as electricity and give everyone the power of superintelligence.
We are seeking an experienced Fixed Asset & Lease Accounting Manager to lead the accounting, controls, and reporting for our capital asset and lease portfolios in a highly capital-intensive infrastructure environment.
This role will own the full lifecycle of fixed assets and leases—from capitalization policy and CIP monitoring to depreciation, lease accounting under ASC 842, asset disposals, and audit support.
Responsibilities - Fixed Asset Accounting & Controls - Manage accounting and reporting for $1.5B+ in fixed assets including GPU infrastructure, racks, cabling, and related equipment. - Oversee asset capitalization, classification, and useful life determinations in accordance with U.S. GAAP.
- Review and approve asset additions, transfers, disposals, and retirements.
- Maintain and continuously improve capitalization policies and internal controls.
- Construction in Progress (CIP) Management - Oversee accounting for $200M+ in CIP related to GPU infrastructure deployments and data center buildouts.
- Partner with engineering, infrastructure, and procurement teams to validate deployment milestones and cost allocations.
- Lease Accounting (ASC 842) - Manage accounting and reporting for $500M+ in Right-of-Use (ROU) assets related to data center leases across 15+ locations.
- Abstract lease agreements and identify embedded leases where applicable.