Senior Accountant

Fullsteam; Ontario; On-site; CAD 75,000 - 110,000; Full time

Job summary

A technology company is seeking a qualified Senior Accountant in Toronto. The role focuses on revenue recognition, requires strong analytical skills, and offers a competitive salary of CA$75,000 to CA$110,000. Candidates should have at least 5 years of experience in accounting, with proficiency in accounting software and a Bachelor's degree in a related field.

Qualifications

• 5+ years of proven experience in accounting, finance, or related roles, focusing on revenue recognition.
• Strong understanding of ASC 606 revenue recognition principles.
• Corporate month-end close process experience.

Responsibilities

• Ensure accurate and timely recognition of revenue and expenses.
• Conduct periodic training sessions on revenue recognition.
• Collaborate cross-functionally to facilitate relationships.

Skills

Revenue recognition expertise

GL accounting principles

Analytical Capability

Attention to Detail

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

NetSuite

Zuora

Microsoft Excel

Job description

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It's fun to work in a company where people truly BELIEVE in what they're doing!

Fullsteam is a leading provider of vertical software and embedded payments technology dedicated to helping businesses flourish by providing their customers with seamless experiences. With a dynamic and growing team of over 1,900 employees, we are committed to driving innovation and delivering best-in-class software and payment solutions that empower small and medium-sized businesses across numerous industries. Our purpose is to help our customers grow their businesses and delight their customers. Join us and be a part of a forward-thinking company that values growth, excellence, and the success of our clients.

The Fullsteam Accounting team is seeking a highly qualified candidate for our Senior Accountant with SaaS and month-end close experience and the ability to thrive in a high growth and fast-paced environment. This role is responsible for ensuring the billing/revenue recognition and general ledgers are accurate for a group of our business units.

Candidate should be located in Canada, preferably in Toronto.

Primary Responsibilities :

• Ensure accurate and timely recognition of revenue and expenses in accordance with company policies and accounting standards.
• Reconcile revenue and expense data between different systems or sources, identifying and resolving discrepancies as needed.
• Partner with the billing specialist to ensure completeness and accuracy of transactions.
• Establish clear communication channels and workflows between revenue accounting team members to facilitate timely resolution of discrepancies.
• Conduct periodic training sessions for team members on revenue recognition and accrual accounting principles and related policies.
• Properly record reclass entries and accruals at the customer/vendor detail level, ensuring proper journal entry support is documented and saved appropriately.
• Effectively meet close deadlines on a consistent basis.
• Maintain a standardized documentation system for journal entries, including detailed descriptions and supporting documentation.
• Analyze revenue and expense data to identify discrepancies or variations in revenue and expenses, and investigate the underlying causes and provide explanations of variances.
• Review MoM or YoY variations, investigating underlying causes and providing explanations as necessary.
• Investigate and provide insights into discrepancies between billed amounts and recognized revenue.
• Maintain controls and processes to minimize the occurrence of discrepancies in the future.
• Monitor and reconcile deferred revenue accounts, ensuring proper recognition of revenue over time or upon fulfillment of contractual obligations.
• Own reconciliation process for assigned balance sheet accounts.
• Ensure all balance sheet accounts are in compliance with accounting policies and guidelines.
• Follow accounting principles on cash recognition, amortization, etc., and identify and implement process improvements to improve workflows.
• Assist external auditors during interim and annual audits by providing documentation, explanations, and support related to the business units' financial transactions.
• Assist with audit compliance documentation as necessary.
• Reviewing cash weekly and following up with other teams as needed to ensure items are properly recorded.
• Recording prepaid expenses and ensuring amortization schedules are set up properly.
• Collaborate cross-functionally with other departments and business units to facilitate relationships, resolve variances, and drive process improvement initiatives.

Technical Skills and Knowledge :

• Revenue recognition expertise – understands and applies ASC 606 revenue recognition standards applicable to SaaS and Payments industry (fees, services) with understanding of billing vs. Revenue recognition principles.
• Proficient in GL accounting principles and practices.
• Strong knowledge and experience in balance sheet reconciliations.
• Capable of managing multiple revenue streams across assigned business units managing and reconciling SaaS subscription revenue, payments transaction revenue, and deferred revenue schedules.
• Ability to develop and maintain controls for accounting and reporting accuracy.
• Ability to manage audit processes for internal and external audit needs including process documentation.
• Understanding of compliance and PCI compliance needs related to the fintech/payments industry.
• Background in Zuora and NetSuite for revenue and expense tracking and reporting.
• Advanced Microsoft Excel skills including visualization techniques to report data to multiple stakeholder groups.
• Understanding of automation tools to identify and implement process or workflow enhancements.
• Critical thinker who can analyze, identify, and resolve discrepancies in records like misapplied payments or unbilled accounts.
• Analytical Capability and Attention to Detail – able to analyze accounting data, identify solutions, and take corrective actions with attention to details for accounting records including supporting data, reconciliations, and amortization schedules.
• Skilled at analyzing revenue and expense data, identifying trends, discrepancies, and process improvement needs.
• Understands and applies methodology for revenue metrics to ensure reporting is timely, accurate, error-free, and informative as well as complying with regulatory and audit requirements.

Collaboration and Communication :

• Works to manage relationships across functions including sales, operations, accounting, and billing to ensure alignment and accuracy through clear verbal communication and written documentation.
• Provides clear and interpretable reports in a consistent manner for stakeholder needs and decision making.
• Maintains a high level of service to all stakeholders both internally and externally.

Accountability :

• An achiever who takes ownership of responsibilities and understands the ethical needs of providing accurate and timely accounting data.
• Works collaboratively with team members to ensure departmental goals are achieved for monthly reporting needs.
• Is able to thrive in a mergers and acquisitions setting with new business unit responsibilities.
• Identifies challenges, proposes solutions, and implements solutions to ensure resolution.
• Excellent analytical and problem-solving skills with attention to detail.
• Ability to prioritize and manage tasks in a fast-paced environment.
• Ability to work independently and collaboratively in a dynamic environment.

Minimum Qualifications :

• Bachelor's degree in Accounting, Finance, or related field; CPA certification is a plus.
• 5+ years of proven experience in accounting, finance, or related roles, with a strong focus on revenue recognition, general ledger accounting, and analysis.
• Strong understanding of revenue recognition principles and accounting standards (e.g., ASC 606).
• Understanding of US GAAP accounting.
• Proficiency in accounting software and ERP systems; NetSuite, Zuora, FloQast, and Salesforce experience is a plus
• Corporate month-end close process experience

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Accounting / Auditing

Industries: Software Development

Location: Toronto, Ontario, Canada

Salary: CA$75,000.00-CA$110,000.00

Posted: 1 month ago