Your role
As a Sr. Manager, Revenue Accounting, you will drive the end-to-end revenue recognition process in accordance with US GAAP and ASC 606 under a high-growth SaaS revenue model. This role will partner closely with the billing team to properly document and record revenue for a timely and accurate monthly, quarterly, and year-end close, including reconciliation for all revenue accounts, reserves, and deferred balances. Working in close collaboration with our Deal Desk, Customer Success, and Technical Accounting team, this hire will define a process to stratify and document the accounting treatment for credits and amendments, as well as any non-standard terms in customer contracts, and help us up-level our existing procedures and controls in the revenue recognition process.
What you'll do
- Oversee and contribute to the Company's revenue recognition framework by completing month-end revenue recognition postings and reconciliations.
- Own and direct the monthly, quarterly, and annual revenue close process, including the review of staff's journal entries, account reconciliations, waterfalls, deferred balances, and revenue reserves.
- Partner with the Billing team to ensure accurate data inputs and understanding of revenue sources for accurate revenue posting.
- Review contracts and special terms to ensure the terms and conditions are properly assessed for revenue recognition, including complex arrangements, and maintain the revenue checklist.
- Lead the improvement of complex annual assessments, such as the SSP (Standalone Selling Price) Analysis, by adding and executing comprehensive procedures.
- Coordinate with external auditors for annual audits, serving as the main point of contact to resolve open items and questions related to the revenue cycle.
- Serve as a key leader and subject matter expert for the Suitebilling implementation of the Order-to-Cash (O2C) cycle, specifically focusing on the impact to revenue.
- Strategically lead efforts to shorten the close timeline by optimizing and rearranging tasks, such as directing the posting of recurring waterfall journal entries before the close.
- Execute the SaaS revenue recognition accounting model within the respective systems and tools, including executing the process of our month-end accounting close for SaaS, usage revenue, and Professional Services revenue, as well as the necessary entries for the allowance for doubtful accounts and bad debts.
- Develop new strategies to improve the accuracy and timeliness of revenue management.
- Develop internal finance controls based on industry best practices.
- Direct the continued implementation and improvement of technical tools to reduce manual business processes.
- Work proactively with executive management on new product introductions or new business arrangements and related revenue recognition considerations.
- Assist in other ad-hoc revenue-related accounting activities and analyses for financial reporting disclosures, including metrics like revenue vs. bookings.
Skills you'll bring
- 8+ years of experience with a proven track record of supporting US-based teams and strong knowledge of US GAAP and ASC 606.
- CPA designation strongly preferred.
- Possess an understanding of both ASC 606 and the SaaS revenue model, with a minimum of 3 years in revenue accounting.
- Strong communication skills and the ability to build relationships among multiple teams will be key to success.
- Ability to lead a team through a system transition, mentor staff, and manage critical relationships with IT/Consultants and external auditors.
- Great attention to detail and a passion for meeting and beating deadlines with the energy to drive tasks to completion.
- Work hours will follow the US Pacific Time zone.
