Revenue Accounting Manager, Anchorage Digital

Salary not provided

+ Equity

Excel
Google Sheets
NetSuite
Senior and Expert level
Remote in US
Anchorage Digital

Regulated crypto platform

Open for applications

Anchorage Digital

Regulated crypto platform

201-500 employees

FintechB2BCryptocurrencySaaS

Open for applications

Salary not provided

+ Equity

Excel
Google Sheets
NetSuite
Senior and Expert level
Remote in US

201-500 employees

FintechB2BCryptocurrencySaaS

Company mission

To help institutions participate securely in digital assets, by setting a new standard for crypto finance.

Role

Who you are

  • 6+ years of relevant public accounting and/or industry experience in technical revenue accounting
  • Fluency in ASC 606 and the ability to research complex accounting issues in partnership with technical accounting team members
  • A proven track record of designing processes to operationalize and scale technical revenue accounting conclusions for complex contracts
  • Excellent written and oral communication skills and an ability to drive cross functional projects and influence cross functional stakeholders, including GTM organizations and engineering teams
  • Proficiency with Microsoft Excel or Google Sheets
  • Ability to multi-task, thrive in the face of ambiguity and excel in a fast-paced, rapidly evolving organization

Desirable

  • Are proficient with NetSuite or other revenue recognition software
  • Have experience in the SaaS or technology industry
  • Have kept up to date with the proliferation of blockchain and crypto innovations
  • Were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)

What the job involves

  • The Revenue Accounting Manager role presents a unique opportunity to lay the foundation for a scalable revenue recognition function and to build out robust revenue recognition procedures for newly developing business lines at a high growth leader in the digital asset space
  • This person will play a critical role in month end close activities and help us build for scale and contribute to the design, documentation and implementation of policies, processes and controls related to revenue recognition under ASC 606
  • Evaluate customer contracts for non-standard terms and conditions that have revenue recognition implications and document the proper revenue accounting treatments in collaboration with Technical Accounting
  • Apply advanced skills in Google Sheets to efficiently and reliably work with large data sets
  • Partner closely with billing/AR team members to facilitate a timely month-end close, with specific focus on revenue recognition journal entries
  • Interface with Legal and Sales to ensure consideration of revenue recognition outcomes in the negotiation phase of new contracts
  • Identify opportunities for process improvement in revenue accounting procedures and support initiatives to implement enhancements
  • Consult with business unit management teams to deeply understand near and longer term plans for new product and revenue streams and to Implement new pricing/contract structures, providing guidance on revenue optimization opportunities and risk mitigation strategies
  • Conduct comprehensive revenue analysis and act as a key point of contact for the FP&A team on revenue matters
  • Standardize and document processes with an intentional approach to create shared consciousness and eliminate single points of failure
  • Assist with internal and external audit processes to ensure accuracy and timeliness of financial reporting
  • Ability to document and communicate accounting procedures in a way that enables data engineering teams to support automation efforts

Our take

Anchorage is a crypto-native digital asset platform offering a raft of solutions that help companies leverage blockchain technologies. Their advanced security architecture facilitates streamlined access to the complex and fragmented digital asset space.

Financial backing for Anchorage has come from prestigious investors Visa and Andreessen Horowitz. Anchorage's broad offerings are set to be matched by plans to partner across a wide spread of neobanks, challenger & incumbent banks, and corporate treasurers. This would mean an impressive expansion of their already substantial domain of influence in a rapidly developing sector.

In early 2021, Anchorage secured a national trust charter from the OCC, making it the first-ever federally chartered digital asset bank. This is significant, as it provides a good barrier to entry for other companies looking to compete in this space, and gives legacy institutions the ability to offer digital asset access to their clients. Though it has raised considerable funding in the past, crypto instability and wider macroeconomic challenges forced Anchorage to cut 20% of its staff in March 2023. 2022 clampdowns on customer due dilligence internal controllers added to the pressure on Anchorage to streamline and refocus its efforts.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Insights

Top investors

Few candidates hear
back within 2 weeks

-5% employee growth in 12 months

Company

Funding (last 2 of 4 rounds)

Dec 2021

$350m

SERIES D

Feb 2021

$80m

SERIES C

Total funding: $487m

Company benefits

  • 100% health, dental, and vision coverage for employees and their dependents
  • Family comes first: we offer parental and child bonding leave to all new parents
  • Meaningful equity - Every team member is a part owner in the company and community that we’re all building together
  • We allow employees to work anywhere in the U.S. or Portugal, and have physical workspaces in New York, San Francisco, South Dakota, and Portugal
  • Flexible time-off plan - Take time off, guilt-free, so you can recharge when you need to
  • 401(k) plan & FSA account

Company HQ

Financial District, San Francisco, CA

Articles

Leadership

Diogo Mónica

(Executive Chairman)

Former advisor and board member at Jscrambler and advisor at StackRox with Phd in Computer Science at Instituto Superior Tecnico.

Former director at Vendor Security Alliance and Docker. Former Security Engineering Manager at Square.

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