Director of Revenue Accounting, Oura
$143-206k
Salary dependent on location + Equity packages
More information about location
Health monitoring smart ring
Job no longer available
Health monitoring smart ring
501-1000 employees
Job no longer available
$143-206k
Salary dependent on location + Equity packages
More information about location
501-1000 employees
Company mission
Oura's mission is to make health a daily practice.
Role
Who you are
- Experience working at a public company, particularly in a finance or revenue accounting leadership role, is strongly preferred
- Prior experience working at a Big 4 accounting firm (e.g., Deloitte, PwC, EY, KPMG), with exposure to revenue accounting and audit processes, is highly desirable
- Hands-on experience leading the implementation of revenue recognition and ERP systems (e.g., NetSuite, Zuora)
- Knowledge of Sarbanes-Oxley (SOX) compliance and internal controls related to revenue recognition
- Experience working with complex revenue models, such as hardware + subscription bundles, SaaS, or recurring revenue arrangements
- Proven ability to lead and develop teams
- Excellent communication and cross-functional collaboration skills
What the job involves
- We are seeking an experienced Director of Revenue Accounting to manage all aspects of US GAAP revenue reporting for Oura Ring
- This person will be responsible for designing and implementing revenue reporting processes that are compliant with US GAAP
- The Director will work across multiple revenue streams (D2C, retail, B2B, Partnerships) and ensure that our revenue recognition processes are scalable, efficient, and aligned with industry standards
- You will also manage a team, work cross-functionally with other teams such as legal and sales, and drive the implementation of accounting systems and tools to enhance operational efficiency
- A key part of this role will involve working across geographies to implement process improvements and ensuring alignment with global teams
- Own the revenue accounting function, ensuring compliance with ASC 606 and other relevant accounting standards
- Oversee the month-end and quarter-end revenue close processes, ensuring accuracy and timely reporting
- Develop, implement, and maintain revenue recognition policies and procedures to support business objectives
- Partner closely with Sales, FP&A, Legal, and Operations to structure complex customer contracts in compliance with revenue recognition principles
- Manage revenue accounting for a global multi-channel go-to-market strategy, including D2C, B2B, Retail, and Partnerships, handling complex revenue arrangements
- Implement and maintain an internal control infrastructure across all revenue channels to ensure compliance and mitigate risks
- Lead the implementation and optimization of revenue recognition software and ERP systems (e.g., NetSuite, Zuora), ensuring systems are scalable to accommodate the company’s growth and evolving business model
- Drive process improvements and automation initiatives to enhance efficiency and scalability
- Lead and develop a large, growing, and high-performing revenue accounting team
- Prepare and present revenue-related analyses and reports to executive leadership
- Collaborate with external auditors to support audit and compliance requirements
Our take
As smart watches with health and wellbeing monitoring functions are now an everyday norm, Oura is offering similar wearable technology with its series of rings. It’s one of a number of companies gaining serious traction in the market, along with the likes of Circular and Movano.
The company gained an early profile after its collaboration with Gucci which created mainstream publicity and may have given it a leg up on the competition. With the smart ring market forecast to keep growing, Oura certainly finds itself in a promising position as it moves to build out its operations and refine the product.
The bottom line for Oura will be customer satisfaction and demand, which does make its mixed reviews so far a little troubling. That said, the announcement of its new "Circles" social feature, on top of an integration with InsideTracker and acquisition of "wave to pay" company Proxy, all look set to increase the functionality of the ring and could well win more consumers over.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
9% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Dec 2024
$125m
SERIES D
Nov 2024
$75m
SERIES D
Total funding: $354.7m
Company benefits
- Beautiful workspaces in San Francisco by Pier 31, Oulu and Helsinki (Finland)
- Amazing culture of collaborative and passionate coworkers
- Wellness benefits
- An Oura Ring of your own
- Personal learning & development budget of 750 USD/EUR
- Unlimited course offerings from Coursera
- Five (5) total days of work time to devote to employee development training
- Equity
- Health, dental, and vision insurance
- 20 days of PTO
Company HQ
Linnanmaa, Oulu
Leadership
Tom Hale
(CEO, Not Founder)Seasoned senior board member and advisor at multiple high growth companies including Cars.com, Volara, and HomeAway.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 14 more jobs at Oura