Senior Revenue Accountant, Cloud Hosting

Groq, Inc.

San Francisco (CA)

Hybrid

USD 128,000 - 173,000

Full time

14 days+

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Job summary

Groq, Inc. is seeking a Senior Revenue Accountant to own revenue recognition for cloud hosting and data center leasing, ensuring ASC 606 and ASC 842 compliance. The role collaborates with Sales, Legal, and Finance to support scalable revenue operations and accurate monthly close.

You will manage deferred revenue, billing reconciliations, and reconciliations, using NetSuite and Salesforce to track contracts and revenue schedules. A CPA or candidate and strong Excel skills are highly valued.

Qualifications

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 (hosting/subscription/SaaS revenue) and ASC 842 (data center/equipment leasing); familiarity with ASC 326 (CECL) preferred.
CPA or CPA candidate preferred.
Experience in SaaS/cloud infrastructure, colocation, or data center company environments is a plus.
Experience with SOX compliance a plus.

Responsibilities

Review contracts for cloud hosting services to ensure ASC 606 compliance and proper revenue recognition timing.
Review lease agreements for data center space and lease arrangements under ASC 842.
Analyze contract terms and pricing structures to determine revenue treatment across hosting and leasing.
Partner with Sales and Legal during contract drafting to support clean revenue recognition.
Identify non-standard terms that may create recognition complexity or risk.
Manage and maintain deferred revenue waterfalls/schedules.
Create, issue, and reconcile monthly customer billings; investigate discrepancies.
Perform balance sheet reconciliations and flux analysis month-over-month and year-over-year.
Utilize Salesforce and NetSuite to manage contract data, billing workflows, and revenue schedules.
Identify process improvements to increase efficiency and reduce manual work.
Review collectability of outstanding invoices under ASC 326 (CECL).
Make recommendations regarding customer churn related to non-payment or delinquency.
Serve as 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.