Revenue Accounting Manager, Lyft
New Products and Initiatives
$108-140k
3 days a week in office
Ride sharing company
Open for applications
Ride sharing company
1001+ employees
Open for applications
$108-140k
3 days a week in office
1001+ employees
Company mission
To improve people’s lives with the world’s best transportation.
Role
Who you are
- BS in Accounting/Finance, CPA license preferred
- 5+ years in Accounting including revenue recognition, including Big 4 experience
- Strong knowledge of revenue recognition principles and accounting standards (ASC 606)
- Deep expertise in US GAAP, SEC reporting requirements, SOX, and internal controls
- Experience working with engineering, data, and other technical teams preferred
- Experience working with large data sets with SQL and Mode Reporting preferred
- Strong organizational, verbal, and written communication skills
- Strong accounting research and problem-solving skills with a focus on revenue recognition
- Highly detail-oriented and able to multitask
- Strong quantitative and qualitative analytical skills with the ability to review and analyze revenue contracts and transactions for accuracy
- Must have significant experience in Microsoft and Google applications; Oracle is strongly preferred
- Able to operate independently and as part of a larger functional team
- Ability to build cross-functional relationships, deadline driven, and take initiative to drive results
What the job involves
- The Lyft Accounting team is seeking a proactive and results-driven Revenue Accounting Manager
- In this critical and highly visible role, you will serve as a technical revenue accounting expert and strategic advisor to key stakeholders, overseeing complex revenue transactions while providing thoughtful leadership across the organization
- This role will work closely with cross-functional teams to ensure new product and initiative launches drive accurate financial reporting in a high-growth, fast-paced environment
- As part of a dynamic and collaborative accounting organization, you will play a pivotal role in enhancing the Revenue accounting function, establishing new processes and procedures, creating robust documentation, and playing a pivotal role in scaling the revenue accounting function
- You will help drive process improvements, establish best practices, and support the company’s continued growth and transformation
- This role will begin as an individual contributor
- Join a dynamic and highly collaborative accounting organization and play a critical role in overseeing revenue accounting considerations for new products and initiatives
- Partner with Engineering and Product Management teams to design and implement scalable revenue recognition processes for new product launches, ensuring compliance with accounting standards (e.g., ASC 606)
- Identify opportunities to enhance opportunities to automate existing revenue processes and enhance system capabilities
- Prepare internal summary documentation for new products and initiatives, (less rigorous than a memo) summarizing key stakeholders, findings, and accounting impacts
- Own the revenue accounting review of contracts with customers, partner with technical accounting team to ensure proper documentation under ASC 606 and that any nonstandard findings are properly documented and accounted for
- Assist with revenue technology transformation initiatives and process enhancements to improve efficiency and accuracy
- Regularly partner with cross-functional teams, such as Financial Systems, FP&A, Financial reporting, Technical Accounting, Data team, and Accounts Receivables to ensure timely and accurate reporting
- Provide workpapers, ad-hoc analysis, and inputs to the FPA process. Address revenue-related inquiries from other departments and assist external auditors during audits
- Ensure compliance with revenue accounting policies, procedures and SOX controls. Assess and enhance SOX compliance processes related to revenue accounting
- Train internal stakeholders on revenue recognition principles, best practices, and policy updates
- Lead or participate in special projects and process improvements related to revenue recognition
Our take
Lyft has aimed for consistent growth, making sure to pitch itself as a more reliable and friendly ride-sharing option than its main competitor, Uber. Uber has a greater market share and operates globally, but Lyft hopes to compete by its focus on ride-sharing over Uber's more diversified business approach and as a more rider-friendly and greener alternative to Uber.
Operating only in the USA and Canada, Lyft is in a position of being less affected by global events than Uber but also more vulnerable to local conditions. As an example, while it doesn't face the regulatory hurdles around employment rights that Uber does, it is unable to balance out the cost of the unusually expensive US auto insurance across its operations.
In 2022, Lyft acquired PBSC Urban Solutions, a bike-share equipment and technology supplier, allowing Lyft to compete in new verticals and reaffirming its commitment to green transportation. It has also trialed and launched Lyft Assisted, where drivers help passengers from their door into the car to get to medical appointments. These developments chime well with Lyft's unique selling point as a friendlier and more environmentally aware ride-sharing app.
Steph
Company Specialist at Welcome to the Jungle
Insights
-2% employee growth in 12 months
Company
Funding (last 2 of 14 rounds)
Jun 2018
$600m
LATE VC
Mar 2018
$200m
LATE VC
Total funding: $4.9bn
Company benefits
- Great medical, dental, and vision insurance options
- Mental health benefits
- In addition to 12 observed holidays, salaried team members have unlimited paid time off, hourly team members have 15 days paid time off
- 401(k) plan to help save for your future
- 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
- Pre-tax commuter benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
- Family building benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
Company HQ
China Basin, San Francisco, CA
Leadership
John Zimmer
(Co-Founder)Originally an Analyst at Lehman Brothers, Zimmer then founded Zimride which was a private ridesharing company that pivoted into Lyft.
Logan Green
(Co-Founder)Founded Zimride, a private ridesharing company which later pivoted into Lyft.
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