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Revenue Accounting Manager

2 months ago

Salt Lake, Utah, United States Lightspeed DMS Full time

Company Overview
LightspeedDMS LLC is seeking a dedicated and detail-oriented Senior Revenue Accountant to join our dynamic team.

Position Summary
This role is designed for a self-motivated individual with a proven history of excellence in a fast-paced setting. The successful candidate will engage in various responsibilities throughout the quote to cash cycle.

Reporting Structure
The position will report directly to the Director of Accounting, offering an exciting opportunity for career advancement within 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 AR, contract assets/liabilities, and deferred revenues, ensuring compliance with closing timelines.
- Analyze complex customer contracts to determine appropriate revenue recognition in line with ASC 606.
- Support the execution of periodic Standalone Selling Price (SSP) analyses.
- Conduct technical accounting research and maintain documentation that supports revenue recognition conclusions.
- Collaborate with the cash application team to ensure accuracy.
- Oversee the integrity of the Accounts Receivable subledger, including aging buckets.
- Work alongside cross-functional teams, including billing/accounts receivable, sales, operations, and IT, during contract negotiations to optimize revenue recognition and ensure precise financial reporting.
- Participate in initiatives aimed at process improvement, enhancing internal controls and compliance measures.
- Assist with periodic audits 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 environment.
- Comprehensive understanding of ASC 606 and revenue recognition principles under US GAAP.
- Strong analytical and communication skills, with the ability to operate independently in a dynamic setting.
- Proficiency in accounting software, ERP systems, and advanced Excel capabilities.
- Expert knowledge of MS Office Suite (Outlook, Word, PowerPoint, and Excel).
- CPA license or progress towards CPA is preferred.
- Experience with Salesforce and NetSuite is advantageous.

Compensation and Benefits
Lightspeed is committed to equitable compensation practices. Compensation packages are determined by various factors, including skills, experience, certifications, and work location. The total compensation package may also encompass an annual performance bonus, benefits, and/or other applicable incentive compensation plans.

Diversity and Inclusion
At Lightspeed, we believe that inclusion and diversity are vital in fostering meaningful connections with our people, customers, and communities. We encourage different perspectives, allowing everyone to be their best selves and make a significant impact. Lightspeed's culture values and celebrates the uniqueness of individuals and the diverse viewpoints they bring.

Equal Opportunity Employer
Lightspeed is an Equal Opportunity Employer dedicated to creating an inclusive workforce where everyone is valued. Qualified applicants will receive consideration for employment without regard to race, color, creed, ancestry, national origin, gender, sexual orientation, gender identity, gender expression, marital status, creed or religion, age, disability (including pregnancy), results of genetic testing, service in the military, veteran status, or any other category protected by law.