Director – Revenue Accounting

Director – Revenue Accounting

Requirements

• 10-15+ years of progressive accounting experience, including Big Four public accounting, preferred. Experience should be mostly in auditing and working in accounting functions at public technology companies that have revenue recognition as a critical accounting policy.
• Proven experience successfully managing and developing revenue accounting functions in a public company environment.
• Public company/SEC reporting, revenue recognition, SOX compliance experiences are required.
• An undergraduate degree in accounting, finance, economics, or a related field is preferred.
• In-depth knowledge of ASC 606 Revenue Recognition and related operational processes.
• High level of integrity and dependability with a strong sense of urgency and results orientation.
• Proven ability to thrive in a fast-paced, hyper-growth environment and adapt to changing work environments with the ability to prioritize urgent requests.
• Strong verbal and written communication skills – able to convey a message that is clear and concise, linking business issues, accounting concepts, financial results and strategy.
• Ability to translate analytical and data-driven results into key business and operational recommendations.

Responsibilities

• Oversee revenue accounting operations inclusive of revenue recognition, revenue reserves, and cost of sales.
• Oversee the monthly and quarterly revenue close process including the accurate and timely reporting of financials in compliance with GAAP (ASC 606). Own significant estimates and judgments.
• Provide leadership and vision by identifying the optimum revenue accounting, supply side accounting and compliance and revenue reporting processes that achieve efficiency goals and maintain accuracy and completeness and leads the team to achieve that objective.
• Evaluate current accounting practices and policies to ensure continuous improvement and meet current future requirements.
• Build scalable, cross-functional operational processes aligned with ASC 606, U.S. GAAP, SOX, and internal management reporting standards.
• Review systems and processes within the organization; identify process improvement needs and/or gaps in current work procedures; optimize systems to drive efficiency and effectiveness; make recommendations where systems and processes can be enhanced; take part in implementing technology solutions to drive automation to transition work effort from data gathering to decision making.
• Develop robust revenue reporting, analytics, and performance metrics, identifying trends and variances and providing greater transparency to leadership. Establish processes and systems to gather the data in a repeatable fashion for regular management reporting.
• Optimize team structure and resources to ensure scalable functions. Ensure appropriate training, especially revenue recognition accounting/ASC 606 and knowledge transfer occurs within the department and relevant cross-functional groups with a focus on written revenue recognition practices and process documentation.
• Develop a high-performing cohesive team environment, employee engagement, professional development, open communication, teamwork and collaboration built on mutual accountability and respect.
• Attract, hire, and develop a high-performing, cohesive revenue accounting team, fostering a culture of collaboration, innovation, professional development, and mutual accountability. Provide training and development to the revenue accounting team.
• Coordinate and engage with key stakeholder groups across worldwide revenue organization. Collaborate with various teams to analyze contract terms and determine appropriate revenue recognition treatment.
• Drive cross-functional process improvements and automation initiatives to enhance efficiency, accuracy, and scalability of accounting operations in area of responsibility.
• Execute and enforce the Company’s accounting policies, procedures, and methodologies and support communication to the internal organization.
• Manage multiple projects and coach project managers on the team; create detailed plans and milestones with realistic deadlines. Monitor and communicate progress according to timelines, blockers, and manage backlog of remaining projects that have not been started yet.
• Coordinate internal & external audit requests including preparation of supporting reports and documentation, as well as preparing/reviewing revenue disclosures for SEC filings.
• Serves as a trusted advisor to the GM, Worldwide Revenue Controller and other senior leaders (including C-levels) on revenue accounting, financial reporting, process, systems and control matters.

Preferred Qualifications

• An undergraduate degree in accounting, finance, economics, or a related field is preferred.