Director of Revenue Accounting Operations, Zum
$207-238k
More information about location
3 days a week in office (Redwood City, CA)
Student transportation services
Be an early applicant
Student transportation services
201-500 employees
Be an early applicant
$207-238k
More information about location
3 days a week in office (Redwood City, CA)
201-500 employees
Company mission
To bring student transporation into a new era enabling greater safety, sustainability, equity, and transparency.
Role
Who you are
- Bachelor’s Degree in Accounting or Finance CPA preferred, Big 4 Accounting firm experience preferred
- 10+ years of work experience, including in a public company environment leading revenue team including billing, collections and cash forecasting
- Knowledge and hands-on experience working with GAAP multi-element revenue recognition accounting standards including ASC 606
- A solutions-oriented team player and effective communicator with all levels of management and cross functional organizations
- Be able to have frequent interaction with customers on billing and collection as well as responding timely to customer inquiries
- NetSuite and Salesforce experience preferred
What the job involves
- We’re looking for a highly motivated Director of Revenue Accounting Operations to join our team. Reporting to our Vice President, Corporate Controller, you will act as the leader of our revenue accounting function
- This is an opportunity where you will have the opportunity to drive continuous improvement and ensure accurate and timely financial reporting.
- You will be responsible for managing and growing the existing Revenue Team, overseeing the revenue accounting process for the company, and ensuring that it is in compliance with Generally Accepted Accounting Principles (GAAP) and Sarbanes-Oxley (SOX) regulations
- This role is based at the Company’s headquarters in Redwood Shores, CA and requires you to be onsite 3x/week (Monday, Tuesday, and Thursday). We will only consider candidates already based in the Bay Area
- Manage a revenue team consisting of a Revenue Manager and several Revenue Analysts, both on-shore and off-shore, providing mentorship, feedback and guidance
- Lead the revenue accounting function, including revenue recognition, order management, billing, and collections, ensuring compliance with ASC 606 and other applicable accounting standards
- Oversee the monthly, quarterly, and annual revenue close processes to ensure timely, accurate, and complete reporting in accordance with US GAAP
- Collaborate with Engineering, Sales, Product, Operations and other functions across the organization to streamline revenue process and accuracy of master data
- Partner with Business Development and Legal to ensure that new arrangements, projects, or partnerships maintain compliance with the Company’s revenue recognition policy and achieve the best interests of the Company
- Assist with the financial statement close process by reviewing journal entries, reconciliations or other analysis as requested for professional services and other related non-recurring services
- Leading continuous review of processes and controls around revenue streams and identify and implement improvements including automation of existing manual billing processes
- Maintain a cross-functional cash collection forecast, providing critical insights to inform financial strategy and operational decisions
- Prepare audit-ready memos for revenue-related standard and non-standard contracts, and revenue related disclosures of MD&A in the 10K/10Q
- Participate in the deal review process from a finance perspective for all revenue-generating agreements
- Provide necessary revenue recognition and forecasting inputs to the FP&A team so that the revenue forecast reflects any required GAAP adjustments
- Build new processes to help the business scale and be a key point person for ERP (NetSuite) revenue module
- Establish and monitor key performance indicators (KPIs) for the revenue cycle, using data driven insights to identify trends, mitigate risks, and drive continuous improvement across revenue operations
- Serve as the primary liaison for revenue topics with external auditors, internal audit, and executive stakeholders, ensuring transparency, timely resolution of issues, and alignment with corporate governance standards
Our take
The largest mass transit system in the US is student transportation, and it’s more than double the size of all others combined. It’s rife with inefficiencies, however: circuitous routes mean many students are spending more time travelling and less time sleeping, exercising, or participating in enrichment activities, affecting student outcomes and inequalities.
Zum is looking to overhaul school transport with the help of cloud computing and AI. It has a central hub from which it manages route planning and vehicle assignments across 4,000 areas and school districts in California, meaning fleet deployment, maintenance, and operational efficiency can be optimized. It also offers cameras and tracking in vehicles, and is committed to having a fully electric, 10,000-strong bus fleet by 2025.
It's an ambitious plan, but it’s clear that the US school busing system is in dire need of an overhaul. We’re seeing startups like Via offer a similar service to NY schools, gathering similarly strong momentum. With Zum fast approaching Unicorn status, and its California roll-out continuing without a hitch, it appears, for now, to be leading the modern student transportation startup pack.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
18% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Jun 2024
$32m
GRANT
Jan 2024
$140m
SERIES E
Total funding: $368.8m
Company benefits
- Medical, dental and vision benefits, including paid membership to One Medical
- Unlimited vacation policy
- Free daily catered lunches + fully stocked kitchen at HQ
- Ability to have a huge impact at an early-stage, mission-driven startup
- Fun office culture and a team you would be proud to work with
Company HQ
Redwood Shores, Redwood City, CA
Leadership
Ritu Narayan
(Co-Founder & CEO)Worked as a Lead Product Manager at Yahoo!, eBay, then took up a Sloan Fellowship at the Stanford Graduate School of Business.
Vivek Garg
(Co-Founder & COO)Spent over a decade as a Major in the Indian Army, then went on to found and lead BAPAR, before taking up a Researcher role at Stanford University's SEED Institute.
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