Revenue Accountant

Transaction Junction (Pty) Ltd; Gauteng; On-site; ZAR 300,000 - 600,000; Full time

Job summary

An established industry player is seeking a Revenue Accountant to ensure accurate tracking and reporting of revenue. In this pivotal role, you will manage the billing process, reconcile financial data, and collaborate with various teams to enhance efficiency. Your expertise in accounting principles, particularly in a Fintech environment, will be crucial in supporting strategic financial planning. This role offers a blend of in-office and remote work, providing an excellent opportunity to contribute to a dynamic team focused on innovation and improvement. If you're a detail-oriented professional with a knack for problem-solving, this is your chance to make a significant impact.

Qualifications

• BCom Accounting required with 10+ years in a similar role, ideally in Fintech.
• Experience in SaaS revenue accounting and knowledge of IFRS15 is essential.

Responsibilities

• Compile monthly billing and reconcile merchant movements.
• Work with multiple databases to extract and aggregate information.

Skills

Advanced MS Office

Problem-solving skills

Attention to detail

Communication skills

Self-starter

Education

BCom Accounting

10+ years of experience

Tools

Xero

Power Query

Power BI

HubSpot

Job description

Job Purpose: The Revenue Accountant's role is to ensure that a company's revenue is accurately tracked, billed and reported, providing transparency for stakeholders and supporting in strategic financial planning.

Accounting Responsibilities:

1. Compiling the monthly billing process extracting data from multiple databases and creating excel upload files into the general ledger to generate the monthly billing run.
2. Working with multiple databases and using Power Query and BI to extract and aggregate the information.
3. Reconciling merchant movements at a store and lane count.
4. Identifying discrepancies and resolving these with the business to ensure billing is valid, accurate and complete at month end.
5. Reviewing contractual terms and conditions for new merchant onboarding ensuring rate cards and discounts are appropriately applied.
6. Assisting the finance team with preparing monthly revenue reporting.
7. Actualizing monthly reporting that populates the company revenue forecast.
8. Working on ad hoc revenue projects and reconciliation and settlement projects for customers.
9. Guiding developers on how to process reconciliation and settlement projects to deploy into the tech stack.
10. Working on automation tasks to streamline processes to allow the company to scale efficiently.
11. Proactively dealing with customers regarding monthly billing.
12. Working with AR clerks to manage DSO.

Collaborative Work:

1. Build a culture of respect and understanding across the organisation.
2. Recognise outcomes which resulted from effective collaboration between teams.
3. Build co-operation and overcome barriers to information sharing, communication and collaboration across the organization.
4. Facilitate opportunities to engage and collaborate with internal stakeholders to develop joint solutions.

Self-Management:

1. Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained.
2. Demonstrate consistent application of internal procedures.
3. Plan and prioritise, demonstrating abilities to manage competing demands.
4. Demonstrate abilities to anticipate and manage change.
5. Demonstrate flexibility in balancing achievement of own objectives with abilities to understand and respond to organizational needs.

Planning Horizon:

1. Focus on immediate deliverables such as daily revenue reconciliations or weekly billing cycles.
2. Constant monitoring of DSO to ensure collections stay on track.
3. Short-term problem-solving for billing discrepancies or customer queries.
4. Responsibility for monthly revenue reporting and actualizing revenue forecasts.
5. Participating in customer or client onboarding processes and ensuring that correct billing and contracts are applied.
6. Assisting in the preparation of quarterly reports that influence broader financial strategies.

Minimum Academic, Professional Qualifications & Experience:

1. BCom Accounting and/or 10+ years of experience in a similar role, with a minimum of 2 years in Fintech.
2. Knowledge of working in reconciliation of VAS settlements.
3. Experience as a revenue accountant in a SaaS business and knowledge of calculating MRRs and Net Revenue Retention.
4. Knowledge of contract accounting and IFRS15.
5. Basics of customer onboarding.
6. Xero general ledger knowledge.
7. Background in accounts receivable.
8. Knowledge of CRM tools like HubSpot would be advantageous.
9. Experience working with business processes.
10. In office for most of the time with some remote work.
11. Own transportation.

Behaviours:

1. Someone who can question tasks and find solutions to improvements.
2. Taking mundane processes and finding ways to improve efficiency and automate tasks.
3. Questioning the norm.

Essential Skills:

1. Advanced MS Office experience including: Excel building complex formulae; Power Query; Power BI and any other database knowledge as well as PowerPoint.
2. Self-starter that can get into the detail.
3. Problem-solving skills.
4. Ability to deal with multiple departments to resolve customer queries.
5. Ability to work effectively in a team and communicate clearly.
6. Knowledge of IFRS including IFRS15 is a bonus.
7. Report writing to complete monthly revenue packs.
8. Strong attention to detail in data entry and reporting.

Functional Competencies:

1. Basic financial reporting and reconciliation.
2. Data handling and analysis (support level).
3. Contract and compliance awareness.
4. Assisting with systems and process improvement.
5. Attention to detail.