Senior Accountant, Drata
$84-129.7k
+ RSUs
Security and compliance automation
Be an early applicant
Security and compliance automation
501-1000 employees
Be an early applicant
$84-129.7k
+ RSUs
501-1000 employees
Company mission
To help companies earn and keep the trust of their users, customers, partners, and prospects.
Role
Who you are
- We are seeking a detail-oriented and experienced Senior Accountant to play a critical role in our accounting operations
- The ideal candidate will have a strong foundation in general accounting principles and deep expertise in technical accounting areas specific to the SaaS industry, including ASC 606 and ASC 340-40
- Bachelor’s degree in Accounting
- CPA designation or active CPA candidate is highly preferred
- 4+ years of progressive accounting experience, with a mix of public accounting and private industry experience desired
- Direct, hands-on experience with the application of ASC 606 and ASC 340-40 within a SaaS or subscription-based business model is required
- Strong understanding of U.S. GAAP and general accounting principles
- Demonstrated experience with financial systems and tools, including NetSuite (ERP), Salesforce (CRM), and Xactly (incentive compensation)
- Advanced Microsoft Excel skills (VLOOKUP, pivot tables, complex formulas)
- Excellent analytical, problem-solving, and organizational skills
- Strong communication skills, with the ability to articulate complex accounting concepts to non-accountants
What the job involves
- You will be a key contributor to the month-end close process, financial reporting, and the implementation of best practices
- At Drata, we pride ourselves on delivering exceptional experiences that earn and sustain trust
- This role will be vital in maintaining trust in our financial reporting while enabling effective audits of our financial statements and related disclosures
- Assist with the end-to-end revenue recognition process under ASC 606, performing detailed contract analysis, identifying performance obligations, and managing deferred revenue across all SaaS revenue streams
- Lead key areas of the monthly, quarterly, and year-end financial close to ensure timely and accurate reporting
- Manage the accounting for deferred contract costs in compliance with ASC 340-40, overseeing the accurate calculation, amortization, and reconciliation of capitalized sales commissions
- Prepare and review complex journal entries and perform comprehensive balance sheet reconciliations for key accounts, including revenue, deferred commissions, and accruals
- Collaborate with external auditors and support the preparation of financial statements by providing necessary schedules, documentation, and explanations
- Proactively identify opportunities for process improvement and partner with cross-functional teams to enhance the efficiency and internal controls of the accounting function
Our take
Traditional manual compliance workflows are tedious, error-prone and extremely hard to scale, which presents special difficulties for rapidly growing companies in maintaining strong data security. Drata enables companies to manage compliance easily, by automatic monitoring and evidence collection, building a single picture of risk across the company.
The company has several competitors offering compliance automation solutions, including Vanta and Secureframe , but Drata is unique in automating the tasks themselves rather than generating notifications for teams to action. This approach has garnered Drata a client base of thousands of companies including bambooHR, Notion and Abnormal.
Drata has grown swiftly since its 2020 founding. Iconiq Growth and GGV Capital have led Drata's impressive funding rounds. It intends to use its influx of cash to invest heavily in research and development, and to roll out new features for auditors and startups.
Freddie
Company Specialist at Welcome to the Jungle
Insights
90% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Dec 2022
$200m
SERIES C
Nov 2021
$100m
SERIES B
Total funding: $328.2m
Company benefits
- 100% coverage for medical, dental, and vision
- $500 annually towards personal development opportunities
- Unlimited vacation policy for strong, fully charged batteries
- Flexible hours and work from home (especially these days!)
- Reach your financial goals while reducing your taxes
- Pre-tax savings plans for healthcare and dependent care
- Work From Home Stipend
- Learning Enrichment Stipends
- 16 weeks fully-paid parental leave
- 401K Retirement Plan
Company HQ
University City, San Diego, CA
Leadership
Adam Markowitz
(CEO)Previously VP & GM at Instructure. Founder & former CEO of Portfolium. Has worked in Mechanical and Aerospace Engineering.
Daniel Marashlian
(CTO)Former Technical Advisory Board Member at the National University. Previously Senior Director Of Engineering at Instructure. Co-founded Portfolium and RapidEngage.
Troy Markowitz
(COO)Advisor at Knack and former Contributor to Forbes. Previously the VP of Strategy, Growth Markets at Instructure. Prior experience in Business Development.
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