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Lead Revenue Accounting Specialist
2 months ago
Company Overview
LightspeedDMS LLC is seeking a dedicated and detail-oriented professional for the position of Senior Revenue Accountant.
Role Overview
This position is ideal for a self-motivated individual with a strong background in accounting, particularly in revenue recognition within a fast-paced environment. The successful candidate will engage in various responsibilities throughout the quote-to-cash process.
Reporting Structure
The Senior Revenue Accountant will report directly to the Director of Accounting, providing an exciting opportunity for career advancement in a rapidly growing private equity-owned SaaS organization.
Key Responsibilities
- Contribute significantly to the period-end closing process, with a focus on accounts receivable and revenue management.
- Prepare and analyze journal entries in compliance with US GAAP, including deferred and accrued revenue postings.
- Maintain reconciliations for accounts related to accounts receivable, contract assets/liabilities, and deferred revenues, ensuring compliance with closing timelines.
- Analyze complex customer contracts to ascertain appropriate revenue recognition in line with ASC 606.
- Assist in conducting periodic Standalone Selling Price (SSP) analyses.
- Perform technical accounting research and maintain documentation to support revenue recognition conclusions.
- Collaborate with the cash application team to ensure accuracy.
- Oversee the integrity of the Accounts Receivable subledger, including aging buckets.
- Work with cross-functional teams such as billing/accounts receivable, sales, and operations to optimize revenue recognition and ensure accurate financial reporting.
- Engage in process improvement initiatives to enhance internal controls and compliance.
- Support audit processes by providing necessary documentation and explanations.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related discipline.
- A minimum of 4 years of relevant experience in revenue recognition within a SaaS or technology firm.
- Strong understanding of ASC 606 and revenue recognition principles under US GAAP.
- Excellent analytical and communication skills, with the ability to work independently in a dynamic setting.
- Proficiency in accounting software, ERP systems, and advanced Excel capabilities.
- Expertise in MS Office Suite (Outlook, Word, PowerPoint, and Excel).
- CPA certification or progress towards CPA is preferred.
- Experience with Salesforce and NetSuite is advantageous.
Compensation and Culture
Lightspeed is committed to equitable compensation practices. Compensation packages are determined based on various factors, including skills, experience, certifications, and work location. The total compensation package may also include performance bonuses, benefits, and other incentive plans.
Diversity and Inclusion
At Lightspeed, we value inclusion and diversity as essential components in fostering meaningful connections with our people, customers, and communities. We encourage diverse perspectives to ensure that everyone can thrive and make a significant impact.
Lightspeed is an Equal Opportunity Employer dedicated to creating an inclusive workforce where all individuals are valued.
