Revenue Accounting Manager

Roles and responsibilities

• Collaborate with Product Management, Sales Operations, Sales, Legal, and FP&A teams to design standard contracts
• Drive process and configuration improvements in NetSuite and related systems for end-to-end automation of the revenue life cycle
• Incorporate industry best practices and emerging technology to raise the bar for reporting speed and accuracy
• Review and evaluate the revenue recognition impact of non-standard contracts and new products
• Lead, mentor and develop a team of revenue accounting and systems accounting professionals
• Assist in month-end revenue close, including reconciliations, fluctuation analysis, and other reporting
• Develop and maintain effective internal over revenue transactions and reporting
• Research and write accounting memos on significant revenue recognition and other policy matters
• Act as the primary liaison with external auditors in matters related to order-to-cash
  
  

Valued Skills And Experience

• An exceptional academic track record from both high school and university
• An undergraduate degree in Accounting or Finance, or a compelling narrative about your alternative chosen path
• CPA, CA or equivalent with excellent technical accounting skills and IFRS experience
• A detailed understanding of IFRS 15 and relevant rules related to SaaS and services
• Leadership or management responsibility
• A track record of going above-and-beyond expectations
• Experience of software licensing, subscription and services revenue accounting and operations
• Experience driving revenue recognition and scaling accounting processes in a high-growth environment
• Experience with ERP, Rev Rec, CRM, CPQ and other relevant software categories - NetSuite and Salesforce preferred
• Experience in a multi-country multi-currency, operations and tax environment
• Professional written and spoken English
• Excellent interpersonal skills, curiosity, flexibility, and accountability
• Thoughtfulness and self-motivation
• Result-oriented, with a personal drive to meet commitments
• Ability to travel twice a year, for company events up to two weeks long
  
  

Additional, Optional Skills We Value

• Public company reporting and revenue accounting experience
• Software implementation, integration and user acceptance
• Software engineering qualification or experience
• A passion for technology and a desire to work with motivated colleagues
• MBA or other relevant business degree

Desired candidate profile

1. Revenue Recognition

• Revenue Accounting Policies: Develop, implement, and enforce revenue recognition policies and procedures in compliance with GAAP, IFRS, and any industry-specific guidelines (e.g., ASC 606 for revenue recognition in the U.S.).
• Revenue Recognition: Oversee the accurate and timely recognition of revenue for multiple revenue streams (e.g., product sales, services, subscriptions, or long-term contracts).
• Complex Transactions: Review and account for complex revenue transactions, such as bundled contracts, multi-element arrangements, or revenue from long-term projects.

2. Financial Reporting

• Monthly and Quarterly Close: Manage the month-end, quarter-end, and year-end close processes related to revenue accounting, ensuring that all revenue transactions are recorded accurately and on time.
• Financial Statements: Prepare or oversee the preparation of revenue-related sections of financial statements, including balance sheets and income statements.
• Variance Analysis: Perform detailed analysis of revenue and related accounts, including comparing actual results to budgeted or forecasted amounts and explaining variances.

3. Internal Controls and Compliance

• Internal Controls: Establish and maintain strong internal controls over the revenue accounting process to ensure accuracy, completeness, and compliance with relevant accounting standards.
• Audit Support: Support internal and external audits by providing necessary documentation and ensuring proper revenue recognition practices are followed.
• SOX Compliance: Ensure compliance with the Sarbanes-Oxley Act (SOX) requirements, particularly regarding revenue recognition processes.

4. Team Leadership and Collaboration

• Manage Revenue Accounting Team: Lead a team of accountants focused on revenue-related activities, providing guidance, training, and performance evaluations.
• Cross-Functional Collaboration: Work closely with sales, contracts, legal, and operations teams to understand and account for contractual agreements, ensuring proper revenue treatment and ensuring smooth revenue recognition workflows.
• Collaboration with Finance and FP&A: Partner with finance teams, such as financial planning and analysis (FP&A), to ensure that revenue projections align with accounting and reporting processes.

5. Process Improvement and Automation

• Process Optimization: Continuously assess and improve the efficiency and effectiveness of revenue accounting processes, identifying opportunities for automation, streamlining workflows, and reducing manual effort.
• Revenue Systems: Oversee the use of revenue accounting systems, such as ASC 606-compliant software or enterprise resource planning (ERP) tools, ensuring data accuracy and system functionality.
• Implementation of Best Practices: Advocate for best practices in revenue recognition and accounting to improve efficiency, accuracy, and compliance.

6. Financial Analysis and Forecasting

• Revenue Forecasting: Assist in the development of revenue forecasts and provide input into the budgeting process based on historical data and contract analysis.
• Trend Analysis: Analyze revenue trends, sales cycles, and contract terms to identify potential risks and opportunities for the company’s revenue model.

7. Compliance and Policy Updates

• Stay Current on Regulations: Stay updated on changes in accounting standards and regulatory requirements, particularly those related to revenue recognition (e.g., changes to ASC 606, IFRS 15).
• Policy Updates: Regularly update the company’s revenue recognition policies to reflect regulatory changes and industry best practices.