Senior Revenue Accountant

Groq, Inc.; Texas; Hybrid; USD 128,000 - 173,000; Full time

Job summary

Groq, Inc. seeks a Senior Revenue Accountant to lead ASC 606/842 revenue recognition for cloud hosting and data center leasing, partnering with Sales, Legal, and Finance to ensure accurate reporting and scalable revenue operations.

You will manage monthly close, technical accounting research, SOX controls, and billing/revenue reconciliations, with remote work options during office setup and a transition to onsite.

Qualifications

• 3–5+ years of progressive accounting experience with revenue focus.
• Strong knowledge of ASC 606 (hosting/subscription/SaaS) and ASC 842 (data center/equipment leasing).
• Experience with NetSuite and Salesforce.
• CPA or CPA candidate preferred.

Responsibilities

• Review contracts for ASC 606 revenue recognition.
• Review lease agreements under ASC 842 for data center space and equipment.
• Analyze terms to determine revenue treatment across hosting and leasing.
• Collaborate with Sales and Legal during contract drafting and negotiation.
• Manage and reconcile monthly billing and revenue discrepancies.
• Perform balance sheet reconciliations and flux analysis.
• Utilize NetSuite and Salesforce to manage data and schedules.
• Support SOX controls and audit readiness.

Skills

ASC 606

ASC 842

GAAP

Cross-functional collaboration

Excel

NetSuite

Salesforce

SOX

Analytical skills

Education

Bachelor's degree in Accounting/Finance

CPA or CPA candidate

Tools

NetSuite

Salesforce

Job description

Mission

We are seeking a detail-oriented Senior Revenue Accountant to manage revenue recognition processes, ensure compliance with ASC 606 and ASC 842, and partner cross-functionally with Sales, Legal, and Finance teams. This role is critical to maintaining accurate financial reporting and supporting scalable revenue operations as the company grows, with particular focus on our cloud hosting revenue streams and data center leasing arrangements. This individual will also support broader monthly close activities, technical accounting research, and audit/internal controls compliance.

Mission

We are seeking a detail-oriented Senior Revenue Accountant to manage revenue recognition processes, ensure compliance with ASC 606 and ASC 842, and partner cross-functionally with Sales, Legal, and Finance teams. This role is critical to maintaining accurate financial reporting and supporting scalable revenue operations as the company grows, with particular focus on our cloud hosting revenue streams and data center leasing arrangements. This individual will also support broader monthly close activities, technical accounting research and audit/internal controls compliance.

Location:

This role will be based in one of our three hiring hubs: the Dallas, San Francisco, or New York City area. The person hired for this role must be based in one of these three areas. You’ll have the flexibility to work remotely while we establish our local Groq office, with the expectation that this role will transition to onsite once the office opens.

Responsibilities & Opportunities In This Role

• Review customer contracts for cloud hosting services to ensure compliance with ASC 606, including identification of performance obligations, standalone selling price analysis, and appropriate timing/pattern of revenue recognition.
• Review lease agreements related to data center space and data center computer rack leasing to ensure proper accounting treatment under ASC 842, including lease classification (operating vs. finance/sales-type), embedded lease identification, and right-of-use asset/liability assessment.
• Analyze contract terms, performance obligations, and pricing structures to determine appropriate revenue treatment across both hosting and leasing arrangements.
• Partner with Sales and Legal teams during contract drafting and negotiation to structure terms that support clean, straightforward revenue recognition.
• Identify and flag non-standard terms (e.g., bundled hosting/hardware arrangements, variable consideration, embedded leases) that may create recognition complexity or risk.
• Manage and maintain deferred revenue waterfalls/schedules.
• Create, issue, and reconcile monthly customer billings; investigate and resolve discrepancies between billing, revenue, and cash receipts.
• Perform balance sheet account reconciliations and analyze fluctuations (flux analysis) month-over-month and year-over-year.
• Utilize Salesforce and NetSuite to manage contract data, billing workflows, and revenue schedules.
• Identify and implement process improvements to increase efficiency and reduce manual, spreadsheet-based work in revenue operations and close activities.
• Review collectability of outstanding invoices in accordance with ASC 326 (CECL).
• Make recommendations regarding customer churn related to non-payment, delinquency, or other disqualifying account activity.
• Serve as a key liaison between Accounting, Sales, and Legal on revenue-impacting matters.
• Partner with FP&A on budget-to-actual variance analysis related to revenue.
• Support ad hoc analysis and special projects as requested by management.

Ideal Candidates Have/are

• Bachelor's degree in Accounting, Finance, or related field.
• 3-5+ years of progressive accounting experience, with direct experience in revenue accounting.
• Strong working knowledge of ASC 606 (preferably applied to hosting/subscription/SaaS revenue) and ASC 842 (preferably applied to data center or equipment leasing); familiarity with ASC 326 (CECL) preferred.
• Solid understanding of US GAAP beyond revenue-specific standards.
• Hands-on experience with NetSuite and Salesforce required.
• CPA or CPA candidate preferred.
• Experience in a SaaS, cloud infrastructure, colocation, or data center company environment a plus.
• Experience with SOX compliance a plus (public or pre-IPO company environment).
• Strong analytical, organizational, and written communication skills (including drafting technical accounting memos).
• Ability to work cross-functionally and explain accounting concepts to non-accounting stakeholders.
• High attention to detail with the ability to manage multiple priorities in a deadline-driven, fast-paced environment.
• Advanced Excel skills (pivot tables, lookups, waterfall modeling); experience with BI/reporting tools (e.g., Tableau, Power BI) a plus.
• Experience building or improving deferred revenue and billing processes for hosting/subscription revenue.
• Experience with lease accounting software or lease schedule management for data center/colocation arrangements.
• Prior involvement in audit preparation, PBC schedules, and internal controls (SOX experience a plus).
• Experience mentoring or reviewing the work of junior accounting staff.

Why Join Us

• Purposeful Hiring: You’re not here by accident, and neither is anyone else. Every teammate is handpicked with intention because who we build with matters.
• Builders Wanted: You’re not just riding the rocket ship, you’re building it. Your work directly shapes the trajectory of our company.
• Mission-Driven Work: We’re here to make a real impact. Our mission fuels everything we do.
• Tackling Hard Problems: If easy isn’t your thing, you’re in the right place. We solve some of the most complex and exciting challenges in our space.
• Excellence Is The Standard: High performance isn’t just encouraged, it’s the baseline. And it’s contagious.

Compensation

Groq is committed to providing competitive compensation through our Total Cash philosophy, which incorporates potential bonus value directly into base pay. The total cash salary range for this position, which is inclusive of the potential bonus value, is $127,500-$172,500, with individual placement determined by your geographic location, experience, skills, and alignment with internal compensation standards. This range is specific to candidates located in the United States. Compensation for international candidates will vary based on local market dynamics. Beyond cash compensation, Groq also offers a Long-Term Incentive (LTI) Program and a robust suite of employee benefits.