Revenue Accountant, Evolv Technology
$80-115k
+ Bonus + Equity
Office located in Waltham, MA
AI-driven security screening & weapon detection
Be an early applicant
AI-driven security screening & weapon detection
201-500 employees
Be an early applicant
$80-115k
+ Bonus + Equity
Office located in Waltham, MA
201-500 employees
Company mission
Evolv Technology's mission is to make the world a safer place for people to gather.
Role
Who you are
- This role is ideal for someone who enjoys applying accounting principles to ensure accuracy and consistency in revenue recognition.
- Bachelor's degree in accounting
- 1– 3 years' experience in accounting, including focus on revenue accounting
- Public accounting experience and experience with publicly traded companies preferred
- Expert level proficiency using Excel
- Experience with NetSuite preferred
- Understanding of ASC606 principals
- Experience working in a SOX compliant environment strongly preferred
- Strong foundational knowledge in accounting principles and practices is essential
- Record and reconcile revenue accounts for standard contracts in accordance with US GAAP and ASC605 policies
- Identifying needed monthly accruals
- Nice to have: Exposure to applying the revenue recognition standards, specifically ASC 606, to ensure accurate and compliant accounting of revenue streams
What the job involves
- You’ll be focused on processing and reviewing standard revenue contracts, ensuring compliance with ASC606, and supporting the monthly close. It’s a strong opportunity to deepen your revenue accounting skills, learn from experienced CPAs on the team, and build a foundation that prepares you for more complex contract analysis as your career progresses
- Success in the Role: What are performance outcomes over the first 6-12 months you will work toward completing?
- In the first 30 days, you will:
- Begin to grasp the order process flow, recognizing key items in orders and starting to understand when and how to address questions or concerns
- Apply meticulous attention to detail to ensure understanding and handling of orders are error-free and compliant
- Start to interact with team members and stakeholders, laying the groundwork for future collaboration and communication
- Within 3 to 6 months, you will:
- Gain the ability to independently review and process standard, repeatable sales orders, and revenue contracts
- Know the appropriate contacts for resolving questions and start building relationships with stakeholders, enhancing teamwork and process efficiency
- Begin to comprehend key accounting pronouncements impacting revenue recognition at Evolv, integrating this knowledge into daily work
- By the end of the first year, you will:
- Collaborate with the Sr. Revenue Accountant to independently review sales orders, maintain revenue reporting accuracy, and ensure sales order approvals process efficiently, avoiding bottlenecks. (This should be a development goal to work towards throughout the first yr, The Sr. Rev Accountant should be teaching the Rev Accountant how to become proficient in this)
- Consistently process routing contracts and maintain accurate revenue records with minimal supervision
- Updating installation and fulfillment dates per revenue recognition rules
- Investigate approaches to understand and navigate the key systems, finding relevant information efficiently and independently
- Partner with Sr. Revenue Accountant (or other relevant leaders) on ad hoc analysis and complex contract reviews to gain exposure and expand skill set. Utilize opportunities to incorporate accounting pronouncements impacting revenue recognition at Evolv, integrating this knowledge into daily work
- Collaborate effectively with various teams such as Order Entry and Logistics, as well as the broader accounting team
- Strong communication skills and the capability to work in a team-oriented environment to ensure cohesive operations and the achievement of common goals
- Support the accounting team in managing the general ledger, and closing the books
- Serve as main point of contact for auditors for revenue testing of routine contracts
- Assisting the accounts receivable team with resolving invoicing issues
- The role offers a path for growth through a deep understanding of revenue accounting and exposure to other areas of accounting, including accruals, management of sales programs, and engagement in various business initiatives
- Ability to prioritize handling multiple ad hoc revenue reporting requirements, ensuring accuracy, and meeting deadlines
- Support tracking key metrics such as Annual Recurring Revenue (ARR), Remaining Performance Obligations (RPO), and Deployed Units
- Ensure precision in financial transactions, compliance with standards like ASC 606 and ASC 842, and accuracy in financial reporting, thereby maintaining the integrity of accounting records
- Review sales orders, bookings, and contracts, managing approvals in NetSuite and Salesforce
Our take
Security screening systems are essential within venues such as concert halls, schools, and workplaces, but there are several problems with existing solutions. For example, lengthy queues and physically intimidating security checkpoints can taint visitor experiences, as well as cause congestion due to their inefficiencies.
Evolv Technology develops AI-driven screening systems, aiming to remove the tension, intimidation, and friction associated with security screening. It does this with a smart touchless screening sensor for weapon detection called Evolve Edge, in addition to an all-in-one venue security analytics platform called Evolv Express.
Whilst the company does face competition from similar security solutions at high-risk locations such as airports, its ability to serve a wide range of venues helps it stand out. It is no doubt Evolv has the ability to make spaces safer, though its past claims it made them "weapon-free" was challenged by a recent failure of its system to detect knives. It does, however, continue to innovate on its offering, and remains an attractive option in the space.
Freddie
Company Specialist at Welcome to the Jungle
Insights
30% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2020
$30m
SERIES C
Oct 2019
$24m
SERIES C
Total funding: $106.4m
Company benefits
- Equity
- Flexible work environment
- Unique culture
- Medical and dental insurance
- 401(k) plan
- Unlimited vacation policy
- Quarterly budget to spend on the perks that are most meaningful to you
Company HQ
Waltham, MA
Leadership
Anil Chitkara
(Chief Growth Officer)Experience as Vice President of PTC. Was also Senior Vice President of Market Development for Oco from 2007 to 2011.
Michael Ellenbogen
(Chief Innovation Officer)Experience as Vice President of Product and Business Development for Vivid Technologies. Was CEO and Founder of Reveal Imaging Technologies from 2003 to 2011.
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