Revenue Accounting Manager

6 days ago


Fremont, California, United States DataDirect Networks Inc Full time
Job Description

We are seeking a highly skilled Revenue Accounting Manager to join our team at DataDirect Networks Inc. This is a remote position based in the Pacific Time Zone.

Key Responsibilities:
  • Collaborate with Sales organization, order management team, and corporate legal team to ensure accurate revenue transactions in accordance with our revenue recognition policy.
  • Participate in discussions, review draft contracts, and provide recommendations for recognition in accordance with relevant accounting literature and our Revenue Recognition Policy.
  • Review revenue contracts to identify various performance obligations and determine appropriate revenue accounting treatment under current revenue recognition rules per ASC 606.
  • Calculate estimated standalone selling price for various performance obligations.
  • Calculate allocation of total contract consideration to multiple performance obligations based on the relative values using the standalone selling price.
  • Publish accounting memo as necessary to document our accounting positions.
  • Work actively with external auditors to ensure that revenue recognition interpretations are consistent and compliant with GAAP.
  • Responsible for the monthly close on revenue accounting and prepare journal entries to ensure proper accrual or deferral of revenue as appropriate.
  • Work with our international entities team to ensure proper recognition of our revenue and cost and timely reporting.
  • Maintain and update internal controls and policies and procedures documentation for revenue recognition and support internal audits of related controls.
  • Enhance existing processes and automation of Oracle.
  • Support all revenue recognition disclosures in all financial reporting requirements.
  • Create detailed revenue reporting as needed for management purposes as well as other process and control improvement as required.
  • Provide revenue recognition guidance & training to various teams at our international and domestic locations during the year.
Requirements:
  • CPA required, BA in Accounting or related majors or equivalent work experience.
  • 5 - 10 years progressive experience plus relevant managerial roles in private companies with Big 4 experience required.
  • Strong technical Revenue Recognition experience, significant knowledge of ASC 606, and all related guidance regarding revenue recognition in a high-tech company.
  • Strong technical, analytical, business partnering, and interpersonal skills.
  • Must have advanced Microsoft Excel skills and ability to work and analyze large data sets.
  • Strong business acumen and the ability to influence change through written and verbal communications are imperative.
  • Position requires the ability to communicate professionally, clearly, and effectively to target audiences.
  • Results oriented and strong attention to details.
  • Subscription revenue/ Software As a Service experience.
What We Offer:

DataDirect Networks Inc. is a global leader in AI and multi-cloud data management at scale. Our company is committed to innovation, customer-centricity, and a team of passionate professionals who bring their expertise and dedication to every project. This is a chance to make a significant impact at a company that is shaping the future of AI and data management.



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