Revenue Accounting Manager

4 weeks ago

San Francisco, United States Retool Full time

WHY WE’RE LOOKING FOR YOU:

Retool is scaling quickly To support this growth and help us achieve our long-term mission of bringing good software to everyone, we are building a world-class Finance and Accounting team. This team will serve as Retool’s “source of truth,” developing high-integrity financials that provide visibility into business performance, delivering insights that drive strategic decisions, and establishing operational rigor so we effectively manage our cash and risk. The Revenue Manager role will be essential in helping us build and scale this capability.

WHAT YOU'LL DO:

Retool is looking for a strong Revenue Accounting Manager to join our growing accounting team. Reporting to the Revenue Accounting Lead, the Revenue Accounting Manager will be the focal point on revenue recognition and contract structuring, supporting new product introduction, playing an integral role in our revenue accounting processes, working cross functionally with our sales and revenue operations team and other key stakeholders. This role will help build and uphold revenue recognition standards for Retool. We will also look to you to help us build processes, develop controls, and identify opportunities for automation that will help us scale. Finally, as a fast-growing business, there will be opportunities to lead special projects, which will enable you to expand your skill set while helping Retool build new accounting capabilities.

WHO YOU'LL WORK WITH:

You will join a small, mighty and growing Finance team that aspires to serve customers across the business with high-quality financial reporting and insights. In addition to working with different Finance team members, you will partner with teams across the business as we establish processes and the infrastructure required to support our growing business. We really like spending time with each other in person and believe in the power of in-person collaboration, creativity, and connection so

we have returned in a hybrid capacity to our San Francisco office 3 days a week.

IN THIS ROLE, YOU WILL:

Serve as a subject matter expert on ASC 606 revenue accounting and the quote-to-cash process

Oversee the accounting of multiple revenue streams as well as the design, implementation, and execution of scalable and effective processes for a more efficient close and strong control environment

Establish formal accounting policies in accordance with US GAAP, prepare technical revenue accounting memos in compliance with US GAAP, and monitor relevant US GAAP developments to ensure revenue recognition policies are in compliance

Review customer contracts for revenue recognition to ensure compliance with company policies and appropriate revenue recognition standards under ASC 606

Review, document, and communicate any revenue impacts for customer contracts in accordance with Retool's revenue recognition policies and ASC 606

Participate in the month end close process including preparation of journal entries, account analysis and reconciliation of revenue accounts to deliver timely and accurate financial results

Work cross functionally to standardize procedures, drive process improvements and automation efforts to streamline revenue accounting operations and improve the quality of monthly, quarterly, and annual closes including internal controls

Develop and provide technical revenue recognition training to cross functional teams, including sales and revenue operations

Support special projects as needed including the implementation and / or maintenance of revenue accounting systems and tools

THE SKILLSET YOU'LL BRING:

Bachelor’s degree in Accounting or other relevant field

Certified Public Accountant or equivalent, with Big 4 or large accounting firm experience

6+ years of relevant revenue recognition experience

Prior experience at a start-up or other fast-paced environment

Strong understanding of US GAAP, ASC 606 and ASC 340 principles

Strong organizational skills; a detail-oriented self-starter with the ability to work independently and across various functions

Proven experience in customer contract reviews, subscription billing processes and systems, invoicing, and collections strategies

Ability to partner cross-functionally across the company, and with external partners

Proven analytical and creative problem-solving skills, with the capacity to identify issues and implement solutions proactively, driving continuous improvement

Excellent communication and organizational skills, both written and verbal

Experience with NetSuite preferred

Experience with Stripe and Salesforce a plus

Prior experience with large datasets and SQL a plus

SaaS revenue accounting experience is a plus

Knowledge of sales tax is a plus

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