Senior Revenue Accountant, Lyft
$84-105k
More information about location
3+ days a week in office
Ride sharing company
Open for applications
Ride sharing company
1001+ employees
Open for applications
$84-105k
More information about location
3+ days a week in office
1001+ employees
Company mission
To improve people’s lives with the world’s best transportation.
Role
Who you are
- BS in Accounting/Finance, with CPA license preferred
- 4+ years in Accounting, public accounting experience preferred
- Strong cognitive thinking, critical thinking, and efficiency driven
- Be able to read SQL, preferred but not required
- Fast learner with strong problem-solving skills
- Proactive, action taker, and be a change agent
- Familiar with ASC 606 guidance with hardware, software, subscription, ads, NPI revenue experience preferred, but not required
- Have experience draft revenue accounting memo one pager, preferred but not required
- Demonstrated initiative and ability to work independently with minimal supervision to accomplish objectives and deadlines
- Strong organizational, communication, and project/time management skills
- Strong quantitative and qualitative analytical skills - must have significant experience in Microsoft and Google applications; Oracle is strongly preferred
- Capable to establish strong working relationships with all levels stakeholders
What the job involves
- Lyft is looking to hire an experienced Senior Revenue Accountant to its Revenue Accounting team
- This role will report to Sr. Manager, Revenue Accounting
- This is a crucial role that will assist in overseeing revenue accounting operations and B2B non-standard contract review in a fast paced environment
- This role provides growth opportunities, as it encompasses day to day controllership duties as well as drive project based initiatives
- The candidate should expect to leverage current skill-sets while also focusing on learning quickly and adding value to the current processes
- Own month end close process, including journal entries, reconciliations, and flux analysis for one of the Lyft revenue streams (Lyft Bikes & Scooters)
- Collaborate with the financial analytics data team and other internal business partners to define accounting requirements for new products and projects
- Work with the upstream cross functional business partners to determine accounting requirements for new contracts or new products
- Lead operational improvement initiatives and automation to streamline processes and shorten close
- Perform review on B2B contract modifications and propose initial accounting position
- Responsible for SOX compliance for revenue accounting
- Assist with external audit, including PBC and auditor’s follow up questions
- Perform special projects in Accounting/Finance as needed
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 trialed 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.
Steph
Company Specialist at Welcome to the Jungle
Insights
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
Articles
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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