Senior Revenue Accountant, SmartAsset
$75.5-107k
Salary applicable for candidates based in CA, CO, CT, MD, NV, RI, WA & NY, may vary in other locations + RSUs
Financial information and advice software
Open for applications
Financial information and advice software
201-500 employees
Open for applications
$75.5-107k
Salary applicable for candidates based in CA, CO, CT, MD, NV, RI, WA & NY, may vary in other locations + RSUs
201-500 employees
Company mission
To help people make smart financial decisions.
Role
Who you are
- An ideal candidate is self-motivated, independent, has a sharp attention to detail and expert-level data analysis skills, and has a background in accounting
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field (CPA or advanced certification preferred)
- 3 years of experience in general accounting, revenue accounting, or accounts receivable, preferably in a Saas or FinTech environment
- Strong proficiency in Microsoft Excel (e.g., VLOOKUPs, Pivot Tables) and other Microsoft Office Suite applications
- Proven analytical and problem-solving skills with a high degree of accuracy and attention to detail
- Knowledge of basic accounting principles, specifically ASC 606, and billing procedures
- Experience with a major ERP system (e.g., SAP, Oracle, NetSuite, Dynamics) or specialized billing software
- Familiarity with contract management and revenue recognition standards
- Experience with process documentation and internal controls
- Prolonged periods of sitting at a desk and working on a computer
- Must be able to communicate via phone calls and/or video conferences (mainly for concierge and sales roles)
What the job involves
- You will have the opportunity to help develop, and execute tasks that support growth, performance, and future objectives at a rapidly growing company
- ASC 606 Revenue Recognition Oversight: You'll lead the technical execution of the ASC 606 revenue recognition framework, ensuring all customer contracts are accurately analyzed and manage the end-to-end calculation of earned versus deferred revenue, maintaining rigorous documentation to support revenue conclusions during internal and external audits
- Complex Revenue Management: Manage and execute the billing process for high-value, complex contract structures
- Oversee the lifecycle of deferred revenue and customer deposits, ensuring accurate recognition and reconciliation in accordance with ASC 606 standards
- Exercise independent judgment to resolve complex discrepancies to ensure all data adjustments align with corporate accounting policies and GAAP standards
- Discrepancy Resolution: Act as the primary escalation point for Sales, Account Management, and Compliance teams regarding sophisticated billing inquiries
- You will exercise independent judgment to resolve contract-to-billing misalignments and negotiate resolution paths
- Invoice Processing & Accuracy: Prepare, issue, and distribute a high-volume of invoices, in a complex billing cycle, to customers in accordance with contract terms and company policy
- Establish audit checkpoints to ensure 100% alignment between executed contract terms, CRM data, and final invoices to minimize credit memos and disputes
- Strategic Close Coordination: Optimize and oversee the month-end close workflow for billing within the Finance department
- Responsibilities include certifying account reconciliations, managing the reconciliation of customer accounts to the General Ledger (GL), and drafting management reports that summarize key billing metrics and revenue recognition outcomes
- Process Improvement: Identify opportunities for billing process enhancements, automation, and system improvements to increase efficiency and accuracy
- Reporting: Generate and present routine and ad-hoc reports on billing metrics, trends, and forecasts for management review
- Compliance: Interpret and apply GAAP and internal controls (SOX compliance where applicable) to billing workflows
- Ensure the department remains audit-ready and serves as the primary point of contact for external auditors regarding billing, customer deposits, and AR inquiries
Our take
Management of personal finance is typically a practice fraught with pitfalls and risks. Tools, information, and professional advice to help manage money have subsequently become invaluable resources to many Americans.
SmartAsset serves as a resource cache and marketplace connecting consumers with financial advisors. This focus on digital resources is proving savvy, as trends in the advisory profession indicate more consumers are turning online for support and professional help. SmartAsset's approach therefore allows it to reach more than 100 million people each month.
SmartAsset has managed to modernize the process of locating clients for advisors - previously a slow and labour-intensive process - while also materially assisting its large number of low-income customers. This saw SmartAsset’s revenue grow by ten times over four years, and it seems likely to capitalize on a growing number of US citizens looking to manage their financial planning digitally.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-12% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Jun 2021
$110m
SERIES D
Jun 2018
$28m
SERIES C
Total funding: $160.7m
Company benefits
- All roles at SmartAsset are currently and will remain remote - flexibility to work from anywhere in the contiguous US
- Medical, Dental, Vision - multiple packages available based on your individualized needs
- Life/AD&D Insurance - basic coverage at 100% company paid, additional supplemental available
- Short-term and Long-term Disability
- FSA: Medical and Dependant Care
- 401K
- Equity packages for each role
- Time Off: PTO, 3 Month Paid Parental Leave, Secondary Caregiver Leave
- EAP (Employee Assistance Program)
- Employee Resource Groups supporting our underrepresented communities
- Pet Insurance
- Home Office Stipend
Company HQ
Murray Hill, New York, NY
Leadership
Michael Carvin
(Founder & CEO)Michael's expertise is in financial decision-making. In the pre-SmartAsset days, Michael worked in private equity. They spent their time using financial models to help companies understand how to make better decisions.
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