Lead Assistant Controller — GL & Revenue Close

Topstep; Chicago (IL); Hybrid; USD 170,000 - 200,000; Full time

Benefits offered by this job

Remote-hybrid work options

Seven company-paid holidays

401(k) matching with health benefits

Generous PTO and family leave

Budget for meals and wellness

Job summary

Topstep is seeking an Assistant Controller to lead day-to-day accounting operations, ensuring the integrity of the general ledger, revenue accounting, and month-end close across the organization. You will build and guide the GL and revenue teams, partner with Treasury, HR, and Product/Engineering, and elevate critical issues to the Controller and CFO.

The role requires strong technical accounting expertise, hands-on leadership, and capability to manage high-volume data environments while

Qualifications

• Bachelor's degree in Accounting, Finance, or related field; CPA preferred.
• CPA designation strongly preferred.
• 7+ years of progressive accounting and finance leadership experience.
• 2+ years managing accounting teams.
• Strong working knowledge of U.S. GAAP, ASC 606, and financial reporting requirements.
• Experience with external audits and working with auditors.

Responsibilities

• Own execution of the month-end close calendar, including bank transaction uploads, payroll expenses, expense report coding, fixed asset and intangible asset amortization, prepaids and accruals, balance sheet reconciliations, and journal entry review.
• Ensure every GL account has a clearly identified owner, a documented process, and supporting schedules sufficient for audit.
• Oversee balance sheet reconciliations across cash, prepaids, accrued expenses, fixed assets, intangible assets, intercompany/clearing accounts, etc.
• Resolve aged and complex reconciling items, including system-driven discrepancies between NetSuite, payment processors, the trading platform, and bank data.
• Maintain and continuously improve the chart of accounts and account mapping in partnership with the Controller and FP&A.
• Oversee revenue recognition for subscriptions, resets, promotions, chargebacks, and refunds.
• Ensure consistent application of ASC 606.
• Manage deferred revenue schedules, rollforwards, and monthly release entries. Ensure supporting data (trading platform, payment processor, Sigma/Snowflake extracts) is reconciled before posting.
• Oversee the 3-way reconciliation process between payment processors, the general ledger, and bank data, and ensure discrepancies are researched and resolved timely.
• Oversee payout accounting and reconciliation across internal systems, processors, and bank data. Ensure payout returns are properly tracked and accounted for.
• Ensure billing, payout, and accounting records align and accurately reflect activity across both revenue and payout processes.
• Support the Controller in preparing accurate monthly, quarterly, and annual financial statements by ensuring underlying GL and revenue schedules are complete, reconciled, and ready ahead of reporting deadlines.
• Review journal entries, reconciliations, and account roll-forwards prepared by the team for accuracy and adequate support prior to Controller review.
• Flag account-level risks, unusual fluctuations, or open items to the Controller in time for resolution before financial statements are finalized.
• Assist in preparing supporting schedules and analysis requested by the Controller, CFO, or external auditors for financial reporting purposes.
• Partner with the Controller to establish and maintain accounting policies for revenue, payouts, accruals, close, and internal controls.
• Partner with the Controller on the design, implementation, and continuous improvement of the Company's internal control framework.
• Identify control gaps and reconciliation breakdowns across cash, payouts, and revenue processes. Design and implement corrective processes and mitigation strategies.
• Partner with the Controller to ensure audit findings, control deficiencies, and process improvement opportunities are appropriately addressed.
• Own accounting policies & procedures, including SOPs, ensuring the team maintains and updates the policies on a timely basis.
• Ensure clean data ingestion from upstream systems impacting billing, revenue, and payouts.
• Partner cross-functionally to resolve data, system, or process gaps affecting accounting accuracy.
• Own and lead system implementations and improvements to accounting systems.
• Partner cross-functionally to ensure adoption of new systems, product launches, etc. are properly accounted for.
• Drive adoption of tools (e.g., reconciliation/automation tools) to reduce manual, spreadsheet-based processes.
• Present accounting findings, risks, and recommendations to the Controller and CFO.
• Act as a thought partner to the Controller on technical accounting questions, close timing, and account treatment.
• Partner internally with Treasury, FP&A, HR, Product, Engineering, and outside advisors (audit, tax, accounting advisors, ERP advisors, etc.) to ensure consistent, well-supported accounting.
• Communicate risks, open items, and recommendations clearly to the Controller and other Finance leadership.

Skills

Team leadership

Cross-functional collaboration

Technical accounting

Communication skills

Internal controls

Education

Bachelor's degree in Accounting or Finance

CPA designation

Tools

NetSuite ERP

Excel

Job description

Topstep is seeking an Assistant Controller to lead day-to-day accounting operations, ensuring the integrity of the general ledger, revenue accounting, and month-end close across the organization. You will build and guide the GL and revenue teams, partner with Treasury, HR, and Product/Engineering, and elevate critical issues to the Controller and CFO.

The role requires strong technical accounting expertise, hands-on leadership, and capability to manage high-volume data environments while