Revenue Accounting Manager, Retool
$148.8-201.3k
The application layer for AI
Job no longer available
The application layer for AI
201-500 employees
Job no longer available
$148.8-201.3k
201-500 employees
Company mission
To create the future of internal software by making software development for engineers simpler and more accessible.
Role
Who you are
- Bachelor’s degree in Accounting or other relevant field
- Certified Public Accountant or equivalent, with Big 4 or large accounting firm experience
- 6+ years of relevant revenue recognition experience
- Prior experience at a start-up or other fast-paced environment
- Strong understanding of US GAAP, ASC 606 and ASC 340 principles
- Strong organizational skills; a detail-oriented self-starter with the ability to work independently and across various functions
- Proven experience in customer contract reviews, subscription billing processes and systems, invoicing, and collections strategies
- Ability to partner cross-functionally across the company, and with external partners
- Proven analytical and creative problem-solving skills, with the capacity to identify issues and implement solutions proactively, driving continuous improvement
- Excellent communication and organizational skills, both written and verbal
- Experience with NetSuite preferred
- Experience with Stripe and Salesforce a plus
- Prior experience with large datasets and SQL a plus
- SaaS revenue accounting experience is a plus
- Knowledge of sales tax and international VAT is a plus
What the job involves
- Retool is looking for a strong Revenue Accounting Manager to join our accounting team
- Reporting to the Revenue Accounting Lead, the Revenue Accounting Manager will be the focal point on revenue recognition and contract structuring, supporting new product introduction, playing an integral role in our revenue accounting processes, working cross functionally with our sales and revenue operations team and other key stakeholders
- This role will help build and uphold revenue recognition standards for Retool
- We will also look to you to help us build processes, develop controls, and identify opportunities for automation that will help us scale
- Additionally this role will support the Company in its external audits
- Finally, as a fast-growing business, there will be opportunities to lead special projects, which will enable you to expand your skill set while helping Retool build new accounting capabilities
- Serve as a subject matter expert on ASC 606 revenue accounting and the quote-to-cash process
- Oversee the accounting of multiple revenue streams as well as the design, implementation, and execution of scalable and effective processes for a more efficient close and strong control environment
- Help build formal accounting policies in accordance with US GAAP, prepare technical revenue accounting memos in compliance with US GAAP, and monitor relevant US GAAP developments to ensure revenue recognition policies are in compliance
- Review customer contracts for revenue recognition to ensure compliance with company policies and appropriate revenue recognition standards under ASC 606
- Review, document, and communicate any revenue impacts for customer contracts in accordance with Retool's revenue recognition policies and ASC 606
- Participate in the month end close process including preparation of journal entries, account analysis, reconciliation of revenue accounts and review of other team member’s work to deliver timely and accurate financial results
- Work cross functionally to standardize procedures, drive process improvements and automation efforts to streamline revenue accounting operations and improve the quality of monthly, quarterly, and annual closes including internal controls
- Develop and provide technical revenue recognition training to cross functional teams, including sales and revenue operations
- Support special projects as needed including the implementation and / or maintenance of revenue accounting systems and tools
- Support our financial statement audits
Our take
Retool allows developers to build internal applications quickly using a complete set of ready-made building blocks. These internal applications can be used to display company data from a range of sources, including Redis, Salesforce, Google Cloud, and Slack.
For a monthly fee, the platform enables companies to save time that they would have otherwise spent on developing their own internal applications. Retool brands itself as 'low-code,' meaning that it is easy to use and customize. There is a huge demand for systems that allow teams to analyze the data they already have. Retool already counts brands such as Amazon, Philips, Peloton, NBC, and Mercedes-Benz as customers.
Founded in 2017, the company is now valued at over $3.6B. Founded by Oxford graduate David Hsu, the management team includes ex-Stripe and ex-Airbnb employees with plenty of experience in taking a company from a start-up to a global brand.
Steph
Company Specialist at Welcome to the Jungle
Insights
38% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Jul 2022
$45m
SERIES C
Dec 2021
$20m
SERIES C
Total funding: $165.3m
Company benefits
- Your health: Our healthcare plans include flexible, competitive options for medical, vision, dental, life insurance, and disability benefits.
- Your fuel: Fully snack-stocked kitchens at every turn, with breakfast, lunch and dinner provided at our San Francisco and New York offices.
- Your growth: We provide a $1,200 annual stipend that can be utilized for all learning-related expenses, including books, conferences, classes, and more.
- Your family: Access to comprehensive family planning services, generous paid parental leave for new parents, and a remarkable $10,000 lifetime benefit towards fertility support.
- Your time: Flexible freedom for a healthier you: take the time off that you need, when you need it! Discover flexible PTO and our 4 week Work From Anywhere policy to rejuvenate on your time.
- Your sidekick: Bring your favorite sidekick to work and enjoy our dog-friendly offices!
- Your future: Plan for your future. We offer enrollment and matching up to 4% for our US-based employees.
- Your wellbeing: Enjoy a suite of perks and memberships that enable you to thrive both personally and professionally.
Company HQ
Mission District, San Francisco, CA
Leadership
David Hsu
(Founder & CEO)David studied Philosophy and Computer Science at the University of Oxford, before founding Retool in 2017. He has served as CEO ever since.
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