Lead Revenue Accountant

This is a fully remote position, open to applicants in Mexico.

📋 Description

• Supervise daily revenue accounting operations and ensure timely and accurate revenue recognition.

• Assess customer contracts to determine the correct accounting treatment in accordance with ASC 606.

• Identify performance obligations and establish suitable revenue recognition methods and timing.

• Evaluate standalone selling prices and distribute transaction consideration among performance obligations.

• Analyze contract modifications, renewals, cancellations, expansions, and other changes to customer agreements.

• Execute revenue recognition for software, SaaS, term licenses, professional services, maintenance, and additional revenue streams.

• Review time-and-materials, fixed-price, milestone-based, and other professional services arrangements.

• Prepare and examine revenue recognition calculations, journal entries, and related schedules.

• Monitor contract assets, liabilities, deferred revenue, and other balance sheet accounts related to revenue.

• Conduct monthly revenue reconciliations and investigate discrepancies between billing, subledgers, and the general ledger.

• Assist with month-end and year-end closing activities, including the preparation and review of revenue-related journal entries and account reconciliations.

• Review billing practices to ensure alignment with contractual terms and revenue recognition standards.

• Collaborate with Billing and Dispute Resolution teams to investigate and address revenue-related billing concerns.

• Provide accounting advice to Sales, Operations, Order Management, and other business sectors regarding contract structures and revenue implications.

• Maintain revenue accounting policies, procedures, and documentation.

• Identify opportunities to enhance revenue processes, systems, controls, and reporting.

• Assist in the implementation and upkeep of revenue recognition systems and automation.

• Prepare analyses and documentation to support internal and external audits.

• Research technical accounting issues and document conclusions for complex or unique transactions.

• Keep abreast of changes in accounting standards and evaluate their potential impact on the company's revenue accounting practices.

• Offer training, guidance, and technical support to accountants and other members of the Finance team.

• Engage in special projects, process enhancements, system implementations, and other Finance initiatives as required.

⛳️ Requirements

• Bachelor's degree in Accounting, Finance, Business, or a related discipline.

• 8+ years of accounting or finance experience, with substantial expertise in revenue accounting.

• Deep understanding of U.S. GAAP and principles of revenue recognition.

• Practical knowledge of ASC 606 and experience applying its requirements to customer contracts.

• Experience in analyzing contracts and determining suitable revenue recognition treatments.

• Strong analytical, problem-solving, and technical accounting skills.

• Exceptional attention to detail and the ability to manage multiple priorities effectively.

• Strong written and verbal communication abilities.

• Advanced proficiency in Microsoft Excel.

• Experience with an ERP or revenue management system.

• Familiarity with software, SaaS, technology, professional services, or other subscription-based enterprises.

• Experience with complex, multi-element customer contracts.

• Knowledge of term and perpetual software licenses.

• Experience in professional services revenue recognition, including percentage-of-completion or other input/output methods.

• Familiarity with evaluating standalone selling prices and allocating transaction consideration.

• Experience with contract modifications under ASC 606.

• Experience with Netsuite or similar systems.

• Background in revenue recognition automation and system implementations.

• Experience supporting external audits and technical accounting reviews.

🏝️ Benefits

• Performance Bonus

• Flexible work arrangements

• Discretionary Time Off (DTO)

• Global paid parental leave

• Employee Assistance Program (EAP)

• Competitive benefits, compensation, and a long-term impact on how the world’s industrial companies operate, automate, and innovate