Sales Compensation Accounting Lead

1 week ago

Palo Alto, California, United States MongoDB Full time

MongoDB is experiencing remarkable growth and is seeking a driven and seasoned Sales Commission Accounting Manager to join our Sales Compensation team. This role presents an excellent opportunity to engage deeply and make a significant impact within a rapidly expanding organization. In this pivotal position, you will collaborate closely with executives and various internal departments, including Sales, Sales Operations, Sales Analytics, Deal Desk, Business Systems, Finance, Accounting, and HR, to enhance and establish processes and systems that support our growth trajectory.

Your Key Contributions:

  • Oversee MongoDB's commission accounting and manage the monthly closing process for both domestic and international operations. This involves meticulous coordination, recording and reviewing journal entries, account reconciliations, and variance analysis.
  • Lead a team of two direct reports, fostering their professional development.
  • Conduct reconciliations between actuals and budget, serving as the primary liaison with the FP&A team.
  • Collaborate with Sales Operations, FP&A, and the Commissions Manager to assess new compensation plan modifications and evaluate their accounting implications and operational viability.
  • Navigate the complexities of commission accounting resulting from changes in accounting standards.
  • Act as the dedicated subject matter expert for MongoDB's Capitalized Commission Process.
  • Manage commission-related SOX controls and coordinate with internal and external auditors, ensuring adherence to our commissions accounting policies under US GAAP, including the development of Technical Accounting Memos.
  • Drive continuous enhancements to the closing process through automation and re-evaluation of legacy procedures, while maintaining and drafting process documentation.
  • Support system integration initiatives, which involve implementing various finance and accounting solutions (such as Xactly CEA Accrual, Xactly Incent, NetSuite, etc.).

Qualifications and Skills:

  • A minimum of 5 years of professional accounting experience.
  • CPA certification is mandatory.
  • 1 to 2 years of experience in managing personnel.
  • In-depth knowledge of US GAAP, ASC 606, and SOX regulations.
  • Familiarity with business systems like Xactly, NetSuite, and Floqast is highly desirable.
  • Understanding of internal controls over financial reporting and the capability to implement controls to mitigate business risks.
  • Proficient in Excel and other Microsoft Office applications.
  • Strong interpersonal and communication skills, with the ability to collaborate across various departments.
  • Experience in scaling processes from inception to a highly optimized state.
  • Adept at managing deadlines and prioritizing multiple projects and responsibilities.
  • Knowledge of incentive plan structures (quotas, accelerators, pay mix, and on-target earnings) and related systems.
  • Ability to thrive in a dynamic and fast-paced environment with shifting priorities.

Personal Attributes:

  • Detail-oriented with exceptional organizational and time management skills.
  • Excellent verbal and written communication skills, with a collaborative spirit.
  • Self-driven with the ability to work independently and take initiative.
  • Innovative thinker capable of identifying problems or opportunities for improvement in existing processes and providing creative solutions.

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