Director of Revenue Accounting

Acumatica
Bellevue, WA Full Time
POSTED ON 6/28/2024 CLOSED ON 7/26/2024

What are the responsibilities and job description for the Director of Revenue Accounting position at Acumatica?

Acumatica is a company on a mission. We are a leading innovator in cloud ERP (Enterprise Resource Planning) with customers worldwide. But don’t take our word for it—read what analysts like IDC and Nucleus Research have to say about us.

Acumatica is different by design and purposely built to help small and midsized companies thrive in today’s digital economy. Our industry-specific business management solution is engineered to address real-world needs—featuring intelligent workflows and market-leading usability that enable companies to manage risk, anticipate disruption, and seize new opportunities. Our principled business practices, growth-friendly licensing, and flexible deployment options put organizations in control of their own future.

We recognize that no business succeeds alone, and that’s why Acumatica is more than a product—it’s a thriving community of partners, customers, and creators committed to delivering technology that enables tomorrow’s leading companies to innovate, collaborate, and grow on their terms. We’re a community working to continuously seek out better ways to work and to build the future of business, together.

Acumatica is owned by EQT Partners, one of the world’s leading investment companies.

Acumatica’s culture is casual and high-energy. We are passionate about our product and our mission, and we are loyal to each other and our company. We value work/life balance, efficiency, simplicity, freakishly friendly customer service, and making a difference in the world. Acumatica offers exceptional professional and financial growth potential.

To learn more about Acumatica’s mission, please visit:

Acumatica is hiring a Director of Revenue Accounting to join our growing team! The Director of Revenue Accounting will report to the VP, Global Controller, and will lead the global team responsible for the full order-to-cash cycle.

Key Responsibilities:

  • Lead global revenue accounting, contracts, billing and collections functions, establishing a long-term vision of the order-to-cash process for scalability.
  • Stay current with changes in accounting standards and regulations related to SaaS revenue accounting and assess their impact on the company.
  • Provide thought leadership and establish a long-term vision for scalable order-to-cash process including system requirements for the revenue recognition process compliant with US GAAP ASC 606
  • Provide guidance and expertise on complex revenue transactions, including SSP analysis and allocations in multiple-element arrangements, to accounting, FP&A, sales, product management, services and customer support teams
  • Lead global order-to-cash team through monthly and quarterly closing cycles, ensuring timely delivery of revenue figures with accuracy and completeness. Perform financial analyses to support reconciliations of revenue, deferred revenue, accounts receivable and other monthly and quarterly analytics
  • Be proactive in identifying and chasing down issues within revenue accounting, as well as providing timely updates and documentation through conclusion of these issues
  • Responsible for managing revenue related support provided to external auditors and to the internal FP&A team
  • Address contract-related issues from legal and sales teams with special consideration to billing and revenue recognition implications
  • Research and document complex revenue accounting matters in technical memos
  • Lead the design and documentation of SOX controls relating to order-to-cash and revenue accounting close; post launch oversee and ensure controls remain operational.
  • Mentor and coach the team of global accounting professionals, providing guidance, training, and professional development opportunities
  • Perform other ad hoc responsibilities as necessary

Qualifications

  • Bachelor’s degree in accounting, finance, or related field; CPA or equivalent certification preferred
  • 10 years of experience in accounting including 6 years in revenue accounting, with a focus on technology or SaaS industries preferred.
  • A minimum of 3-5 years in a managerial or leadership role including managing global teams and collaborating with cross-functional stakeholders
  • Deep working knowledge of ASC 606, including multiple-element arrangement accounting, standalone selling price establishment, contract modification accounting, etc.
  • Expertise in subscription billing processes, systems, invoicing, and collections strategies for indirect sales channels
  • Experience with revenue recognition system implementations
  • Demonstrated success in leading revenue accounting functions through rapid growth and expanding product offerings, with a proven ability to develop and execute effective strategies
  • Detail-oriented with strong project management and organizational skills, with a willingness to roll up your sleeves and delve deep into processes and systems
  • Strong analytical skills and attention to detail, with the ability to interpret and analyze complex contracts
  • Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively
  • Travel requirements-Limited travel (

    Acumatica is an Affirmative Action and Equal Opportunity Employer/Veterans/Disabled. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail HR@acumatica.com. This email is created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only emails sent for this purpose will be returned. Emails sent for other purposes, such as following up on an application or technical issues not related to a disability, will not receive a response.

    For this role, the salary range is $160,000- $190,000 annually. This range represents the low and high end of the salary range for this job and may vary based on location. The actual salary offer will carefully consider a wide range of factors, including skills, qualifications, experience and other relevant elements. At Acumatica, certain roles are eligible for additional rewards, including annual bonus and stock. These awards are allocated based on individual performance. In addition, certain roles also have the opportunity to earn sales incentives based on revenue or utilization, depending on the terms of the plan and the employee’s role.

    Benefits/perks listed here may vary depending on the nature of your employment with Acumatica and the country where you work.

    US-based employees:

    • Gain access to healthcare benefits (Medical- one plan 100% ER paid), dental and vision insurance for you and your dependents);
    • Employer paid Short-term/Long-term Disability and Basic life insurance;
    • 401(k) plan and company match;
    • 15 days of PTO (paid time off);
    • 5 sick days;
    • 9 paid holidays
    • 3 Floating Holidays;
    • Paid Parental leave

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    Salary : $160,000 - $190,000

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