Senior Manager of Revenue Accounting, Lyft
$152-190k
More information about location
Ride sharing company
Job no longer available
Ride sharing company
1001+ employees
Job no longer available
$152-190k
More information about location
1001+ employees
Company mission
To improve people’s lives with the world’s best transportation.
Role
Who you are
- BS in Accounting/Finance, CPA license preferred
- 10+ years in Accounting, including Big 4 experience
- Experience managing teams, setting goals and strategies, developing team roadmaps, and mentoring direct reports
- Experience with SOX, internal controls, and working in a public market company environment preferred
- Experience working with engineering, data, and other technical teams preferred
- Experience working with large data sets with SQL and Mode Reporting preferred
- Strong organizational, verbal, and written communication skills
- Strong accounting research and problem-solving skills with a focus on revenue recognition
- Extensive knowledge of ASC 606 revenue accounting guidance
- Highly detail-oriented and able to multitask
- Strong quantitative and qualitative analytical skills – must have significant experience in Microsoft and Google applications; Oracle is strongly preferred
- Able to operate independently and as part of a larger functional team
- Ability to build cross-functional relationships, deadline driven, and take initiative to drive results
- Ability to lead a team in a dynamic environment, managing multiple and changing priorities with ability to understand issues, demonstrate resourcefulness and proactively resolve problems while consistently meeting deadlines
What the job involves
- Own the critical and highly visible accounting processes around Revenue and deliver accurate financial results in a high-growth, fast-paced environment
- Join a dynamic and highly collaborative accounting organization and play a critical role in overseeing the Revenue accounting function, strategizing and implementing process improvements, and scaling the revenue accounting close process
- Provide leadership to a team through strategic planning and develop direct reports
- Regularly work cross functionally with other teams, such as Financial Systems, FP&A, Financial reporting, Technical Accounting, Data team, and Accounts Receivables to ensure timely and accurate reporting
- Lead the monthly, quarterly and annual revenue accounting close process, and manage day-to-day revenue accounting operations
- Ensure compliance with revenue accounting policies, procedures and SOX controls through detailed review of journal entries, account reconciliations, key controls and flux analysis
- Play a key role in our quarterly and annual review and audit process, including managing key deliverables to internal and external auditors
- Research on unusual/complex revenue transactions for appropriate revenue accounting treatment and document key revenue conclusions in a memo in compliance with ASC 606
- Assess potential business changes for impact and compliance objectives for SOX related to your areas of responsibility
- Responsible for identifying and implementing process and system improvements with the goal of decreasing days to close, while also improving team efficiency and scalability
- Assess new product offerings for technical revenue considerations and work cross-functionally to operationalize within accounting processes
- Lead/support ad hoc projects
Our take
Lyft has aimed for consistent growth, making sure to pitch itself as a more reliable and friendly ride-sharing option than its main competitor, Uber. Uber has a greater market share and operates globally, but Lyft hopes to compete by its focus on ride-sharing over Uber's more diversified business approach and as a more rider-friendly and greener alternative to Uber.
Operating only in the USA and Canada, Lyft is in a position of being less affected by global events than Uber but also more vulnerable to local conditions. As an example, while it doesn't face the regulatory hurdles around employment rights that Uber does, it is unable to balance out the cost of the unusually expensive US auto insurance across its operations.
In 2022, Lyft acquired PBSC Urban Solutions, a bike-share equipment and technology supplier, allowing Lyft to compete in new verticals and reaffirming its commitment to green transportation. It has also trialled and launched Lyft Assisted, where drivers help passengers from their door into the car to get to medical appointments. These developments chime well with Lyft's unique selling point as a friendlier and more environmentally aware ride-sharing app, whilst the acquisition of European competitor Freenow could add 6 million new riders to its platform in 2026.
Steph
Company Specialist at Welcome to the Jungle
Insights
-2% employee growth in 12 months
Company
Funding (last 2 of 14 rounds)
Jun 2018
$600m
LATE VC
Mar 2018
$200m
LATE VC
Total funding: $4.9bn
Company benefits
- Great medical, dental, and vision insurance options
- Mental health benefits
- In addition to 12 observed holidays, salaried team members have unlimited paid time off, hourly team members have 15 days paid time off
- 401(k) plan to help save for your future
- 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
- Pre-tax commuter benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
- Family building benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
Company HQ
China Basin, San Francisco, CA
Leadership
John Zimmer
(Co-Founder)Originally an Analyst at Lehman Brothers, Zimmer then founded Zimride which was a private ridesharing company that pivoted into Lyft.
Logan Green
(Co-Founder)Founded Zimride, a private ridesharing company which later pivoted into Lyft.
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