Director of Revenue

Confidential Jobs; Palo Alto (CA); On-site; USD 150,000 - 210,000; Full time

Job summary

Confidential Jobs in Palo Alto, CA seeks an experienced Revenue Accountant/Manager to lead the revenue accounting function. You will develop policies, provide technical guidance on ASC 606, and manage the monthly close with a focus on accuracy and timeliness.

The role requires strong GAAP expertise, 10+ years in revenue accounting, and experience with NetSuite and cross-functional collaboration with Sales and FP&A. Big Four background is preferred.

Qualifications

• Bachelor's degree in accounting, finance, or related field.
• CPA designation preferred or in progress.

Responsibilities

• Develop and maintain revenue recognition policies and controls.
• Provide technical accounting guidance on revenue arrangements and disclosures.
• Lead revenue accounting team and mentor staff.
• Manage monthly revenue close, journal entries and reconciliations.
• Review complex revenue contracts for proper recognition.
• Coordinate with external auditors during audits.

Skills

Revenue recognition

ASC 606

GAAP

Leadership

NetSuite

Cross-functional

Audit liaison

Excel proficiency

SOX controls

Education

Bachelor’s degree

CPA preferred

Tools

NetSuite

Salesforce

Excel

Job description

• Develop and maintain revenue recognition policies, procedures, and controls in accordance with accounting standards (e.g., ASC 606).
• Provide technical accounting expertise on the proper treatment of revenue arrangements and related financial reporting and disclosures requirements.
• Produce technical memos to support the Company’s position
• Lead the revenue accounting team, providing guidance and support to ensure accurate and timely recording of revenue transactions.
• Manage the monthly revenue close process, including preparation and review of journal entries, reconciliations of revenue, deferred revenue and other accounts associated with revenue streams
• Review complex revenue contracts to assess appropriate revenue recognition treatment and ensure compliance with company policies and accounting standards.
• Collaborate with cross-functional teams, including sales, legal, and FP&A, to resolve revenue recognition issues and ensure alignment on contract terms and conditions.
• Conduct periodic reviews and assessments of revenue recognition processes and controls, identifying areas for improvement and implementing solutions to enhance efficiency and effectiveness with “SOX-like” quality.
• Stay abreast of updates to accounting standards and regulations related to revenue recognition, assessing the impact on the company's accounting policies and practices.
• Prepare and review financial statements and disclosures related to revenue recognition, ensuring compliance with GAAP and regulatory requirements.
• Coordinate with external auditors and regulatory agencies during financial statement audits and reviews, providing support and documentation as needed.

Qualifications:

• Bachelor’s degree in accounting, Finance, or a related field; CPA designation preferred.
• 10 years of experience in revenue accounting or related roles, with a strong understanding of revenue recognition principles and accounting standards (e.g., ASC 606).
• Big four accounting experience preferred.
• The ideal candidate will have experience in both public accounting and industry revenue accounting experience.
• Experience in a leadership or managerial role, with a demonstrated ability to lead and develop a team.
• Thorough knowledge of financial reporting processes and controls, with a focus on accuracy, completeness, and integrity.
• Strong analytical and problem-solving skills, with the ability to interpret complex contracts and transactions and apply accounting principles appropriately.
• Excellent communication and interpersonal skills, with the ability to effectively interact with internal and external stakeholders at all levels.
• Experience with Netsuite or other large ERP required, (Netsuite ARM and Salesforce is a plus)
• Intermediate/advanced Excel skills (e.g. complex formula & vlookups experience) and ability to work with large volumes of transactional data Ability to thrive in a fast-paced, dynamic environment and manage competing priorities effectively.
• Strong collaboration and teamwork skills.