Senior Accountant, Instacart
Revenue Accounting, Retailer
$95-127k
Plus this role is eligible for a new hire equity grant as well as annual refresh grants. Salary dependent on location
Online grocery marketplace & grocery tech platform
Be an early applicant
Online grocery marketplace & grocery tech platform
1001+ employees
Be an early applicant
$95-127k
Plus this role is eligible for a new hire equity grant as well as annual refresh grants. Salary dependent on location
1001+ employees
Company mission
To create a world where everyone has access to the food they love and have more time to enjoy it together.
Role
Who you are
- The ideal candidate has a strong background in revenue accounting, excellent problem-solving abilities, and thrives in a fast-paced environment
- You have a Bachelor’s degree in Accounting, Finance, or a related field
- You have 3-5+ years of related accounting experience
- You have a strong understanding of ASC 606 and SaaS revenue models
- You are proficient with Excel and Google sheets
- You are detail-oriented, self-directed and able to effectively complete tasks with minimal supervision
- You have strong organizational, verbal, and written communication skills
Desirable
- CPA/CA designation
- Public company accounting experience is a plus
- Strong analytical Tooling experience (Mode/Power BI/Alteryx)
- Experience with Klarity AI is a plus
- Experience with Oracle Cloud Revenue Management, Zuora, Billing Platform, other type of compatible revenue tool an asset
What the job involves
- We are seeking an experienced and detail-oriented Senior Accountant, Revenue Accounting to join our growing team
- This role will play a pivotal part in preparing and analyzing our revenue recognition processes, ensuring compliance with accounting standards (such as ASC 606), and supporting overall financial reporting activities
- The Revenue Accounting team is at the heart of Instacart’s financial ecosystem
- We are a collaborative group of accounting professionals who work closely with key cross-functional teams, including Business Development, Billing Operations, and Strategic Finance, to ensure accurate revenue reporting and streamline accounting practices
- Our team values innovation, continuous improvement, and shared knowledge
- Reviewing and summarizing customer contracts for proper revenue recognition in accordance with the Company policy and ASC 606 accounting standards
- Contributing in the monthly accounting close, ensuring accurate and timely recording of revenue transactions and the completeness of retailer revenue reporting
- Providing input to revenue team transformational projects
- Analyzing and taking ownership implement process improvements
- Ensuring appropriate application of internal controls
- Appropriately applying ASC 606 and company revenue recognition policies
- Work towards becoming a subject matter expert on revenue and ASC 606
- Supporting and collaborating with cross functional teams to support close
Our take
Instacart is an online grocery marketplace that operates a pick-up and delivery system in the US and Canada. Unlike standard grocery shopping, Instacart sends a “personal shopper” to your local store to buy your products, who then delivers them straight to your door on the same day via their own car. The company also supplies the Instacart Platform, with services for stores encompassing eCommerce, fulfilment, in-store, ads, and insights.
The increased modernization of society has meant more than ever that consumers are looking to buy their groceries online, making space for apps like Instacart to become daily life staples for years to come. Although the company must compete with other grocery store delivery services, such as Walmart’s own, it has expanded to cover large percentages of US and Canadian households, and is now aligned with over 900 retail banners across more than 75,000 locations.
Instacart's software offerings signify the company's focus on tech, designed to move it away from its dependence on the gig economy. To this end, the company has acquired FoodStorm, an order management system that powers end-to-end order-ahead and catering, integrating its technology into its enterprise suite. Despite an IPO in September 2023, market downturns have necessitated a 7% workforce cut in 2024, focused on middle management and creating a flatter organisational structure. With a new streamlined workforce, here's to hoping Instacart can maintain its momentum.
Steph
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 14 rounds)
Nov 2021
$232m
LATE VC
Mar 2021
$265m
LATE VC
Total funding: $2.9bn
Company benefits
- Wellness Tailored to You: Medical, dental, vision, retirement, life & disability coverage right alongside physical & mental wellness programs, memberships and stipends to keep you and your family feeling your best.
- Family Building Benefits: No matter where you are in your family journey, we support you. Our plans cover modern family planning for all. We offer leave for all parents, flexible working schedules and an active Parents@ community.
- Work From Home Stipend: We help outfit your WFH setup and offer reimbursements so you can be your most productive while at home.
- Flexible Time Off: We all recharge differently. Take the time you need with our flexible time off policy and company-wide Self-Checkouts where we encourage everyone to sign off.
- Learning & Development: Whether you're just starting your career or leading teams, we provide customized L&D programs to help you grow and an annual allowance to pursue your development.
- Future Planning: We have you covered as you plan for your future. 401(k) matching in the US and RRSP in Canada, student loan assistance through Peanut Butter, free Rocket Lawyer membership, SoFi & First Republic financial planning and more.
- Four Year Fill-Up: We encourage our tenured employees to take longer breaks and truly unplug by doing something they love – typically four consecutive weeks around the four year mark.
- Community Connection: Support the communities you care about with volunteer weeks and get involved with our social impact program, Instacart Serves.
- Instacart Express Membership: We help keep your fridge stocked. Unlock grocery discounts with our Instacart Beta app while testing our latest features.
Company HQ
The East Cut, San Francisco, CA
Leadership
Apoorva Mehta
(Co-Founder & Chairman)Studied Electrical Engineering at University of Waterloo. Worked in Fulfillment Optimisation SDE at Amazon.com before going on to co-found Instacart.
Brandon Leonardo
(Co-Founder)Interned at Cisco Systems as an IT Engineer. Later became a Senior Web Developer at Webs and then a Venture Hacker at Angel List.
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