Who we are:

At Formic, we’re on a mission to revolutionize American manufacturing and create more abundance in the world. We believe in continuing the American legacy of innovation by making automation accessible to all manufacturers and increasing their factory productivity by 10x. 

Built upon deep expertise in robotics and manufacturing, our unique Pay-for-Productivity robotics solutions combine the best automation technology, tools, and uptime services for manufacturers, paving the way for a new era of supercharged efficiency and competitiveness. 

As the world faces growing pressure from rising costs and labor shortages, Formic is a uniquely powerful tool in overcoming these challenges.  Fueled by our vision for a resurged “Made in America,” we’re growing fast - achieving 70% quarterly growth in customer count and ARR, with ~30% of our customers having already deployed multiple systems.  

Supporting us in our mission, with investments thus far totaling over $60 million, are backers including Blackhorn Ventures, Mitsubishi HC Capital America, NEC, Translink Capital,
Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and Lorimer Ventures, and founders of multiple Fortune 50 companies. 

About the Finance team:

Formic provides robotics-as-a-service (RaaS) and the Finance & Legal team is a key part of providing the “as-a-service” part of RaaS.  The Finance & Legal team is part of the foundational infrastructure of RaaS–think the wiring, plumbing or framing of a house that is not seen, but is a critical part of making the house stand, last and function properly.  The Finance & Legal team is responsible for  financial operations; treasury and finance; accounting; credit; legal; compliance; and customer contracting and financial servicing. 

As Staff Accountant, you will:

• Perform full-cycle Accounts Payable: Manage AP and maintain records of vendor relations and statuses.  This will include managing ProcureDesk (our purchase order platform) and initiating vendor payments
• Code transactions and payables by account, project, etc.
• Manage credit card receipt coding, tracking down missing expense information, data hygiene, and miscellaneous credit card reporting as needed
• Be actively involved in, and own portions of, the month-end close process, including reconciliation schedules and account reconciliations in Xero
• Partner with Supply Chain Manager to ensure inventory items (parts and assets) are appropriately recorded, logged, etc.  Collaborate on process improvements and operational excellence
• Complete quarterly inventory counts 
• Have active involvement  in maintenance cost reporting and tracking; participate in continuous process improvement 
• Oversee supplier and vendor setup within various platforms
• Manage forms requested by third parties and customers (e.g., credit applications, vendor references, vendor questionnaires)
• File and save / organize credit approvals to allow for timely funding draws
• Miscellaneous other duties as requested

What makes you a great fit:

• Bachelor’s degree in Accounting preferred
• At least 3+ years of relevant Accounting experience, including experience in full-cycle Accounts Payable
• Advanced knowledge of Excel, Google Sheets, and accounting GL systems
• Excellent knowledge of GAAP
• Excellent communication and organizational skills, both written and verbal
• Ability to be flexible and comfortable with changing environments
• Possess exceptional organization, prioritization, and communication skills
• Ability to work independently with limited oversight
• Willingness to roll up sleeves and learn new systems and processes
• Ability to work at least 3 days/week and as needed in our Woodridge, IL office

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