Senior Revenue Accountant, Spotify
Premium Revenue
$95.9-119.9k
+ Equity
2-3 days a week in office
Commercial music streaming service
Be an early applicant
Commercial music streaming service
1001+ employees
Be an early applicant
$95.9-119.9k
+ Equity
2-3 days a week in office
1001+ employees
Company mission
To unlock the potential of human creativity—by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it
Role
Who you are
- The ideal candidate will be a detail oriented and motivated self-starter who thrives working in a dynamic environment. In return, we will offer you a challenging role in an exciting and fast-paced international organization where you will have exposure to a number of business critical areas of operations.
- The ideal candidate will have at least 5 years of combined revenue operations and GL experience at a global organization
- Bachelor’s degree in Accounting with CPA or CA preferred
- Minimum of 5 years related experience preferably combined public accounting firm and global public company (preferably companies in Technology, Payments, Digital Media, or Telecommunications)
- Individual with strong critical thinking and problem-solving skills, capable of translating objectives into practical strategies
- Strong Excel skills, and be comfortable with large data volumes
- Experience with major ERP and Accounting systems (Netsuite, Blackline)
- Experience with SQL and BigQuery a plus
- Able to work under time pressure, able to prioritize workload and meet strict deadlines
- Proven ability to succeed in a fast paced and changing environment
What the job involves
- We are looking for a Senior Accountant in Revenue Accounting to support the Order-to-Cash team with Premium Subscription revenue accounting operations. The Order-to-Cash team is a vital partner to Spotify’s business helping to develop and implement scalable processes that protects the accuracy and completeness of the financial statements
- Adaptability to the constantly evolving business priorities with an understanding of how various puzzle pieces fit into the big picture is crucial to this role
- These areas include invoicing and payment operations, IFRS revenue recognition, and advising and partnering with a variety of internal Engineering groups to help them build and maintain efficient operational processes at the scale of hundreds of millions of transactions per month
- Complete accurate and timely reporting of the Company’s financials in accordance with International Financial Reporting Standards (IFRS) and Sarbanes-Oxley (SOX) control requirements
- Implement month-end close procedures, including journal entries, account reconciliations, and fluctuations analysis for Premium subscription revenue
- Maintain and scale operational efficiency, inclusive of advising and problem solving across multiple related groups as business demands grow and evolve
- Work closely with key business partners on policies, processes and programs, including Payments, Tax, FP&A, GL Reporting, Legal, and Technical Accounting
- Work internally and with Engineering teams to automate various elements of operational processes to ensure long-term scalability for new and changing revenue streams
- Assessing risk and testing functionality of accounting system releases as they relate to changes in reporting
- Organize and review the work of offshore consultants of the accounting team and manage the efficiency and effectiveness of these contributions
- Other responsibilities include participating in special projects, systems implementation and enhancements or ad hoc analyses as applicable
Our take
Spotify was founded in an attempt to combat the rampant music piracy that was causing significant harm to the industry. The company has since taken music streaming mainstream and now has 180m+ paying subscribers across the world.
With features that include a highly accessible interface and a vast catalogue of artists, Spotify's strong brand has been able to maintain growth in spite of fierce competition from deep-pocketed rivals like Amazon and Apple. The company has achieved this by making smart acquisitions to move into other verticals to strengthen its offerings, especially podcasting, by acquiring Gimlet Media, Anchor and Parcast.
Spotify's future plans include rapid growth with a goal to become a one-stop destination for all digital sound, as well as AI and NFT integrations. However, high costs incurred from the acquisition of exclusive podcasts, increasing competitor strength, and weak bottom-line growth mean that the company must find a balance to maintain its position in the sector.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
23% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Jan 2016
$1bn
CONVERTIBLE
Jun 2015
$526m
SERIES G
Total funding: $2.1bn
Company benefits
- Extensive learning opportunities, through our dedicated team, GreenHouse
- Flexible share incentives letting you choose how you share in our success
- Global parental leave, six months off - fully paid - for all new parents
- All The Feels, our employee assistance program and self-care hub
- Flexible public holidays, swap days off according to your values and beliefs
Company values
- Innovative: We move fast and take big risks
- Sincere: We have no time for internal politics
- Passionate: We revel in what we do
- Collaborative: We recognise that we're all in this together
- Playful: We don't take ourselves too seriously
Company HQ
Norrmalm, Stockholm, Stockholms län
Articles
Leadership
Daniel Ek
(CEO & Chairman)Founded Spotify in 2006. Previously worked as an executive at Tradera, an auction company that was sold to eBay and was briefly the CEO of uTorrent.
People progressing
Joined as a Conversion Manager in the Growth Team. Promoted three times over seven years to Senior Director - Head of Growth.
Joined as a Customer Advisor. Since then has had the role titles Senior Advisor, Content Associate, Team Coach, and Operations Manager - Primary Support. Hurst is now currently the Business Operations Manager of Music.
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