Director of Revenue Recognition, Restaurant365
$144.7-217.1k
+ Equity Option Grant
Restaurant management software
Be an early applicant
Restaurant management software
1001+ employees
Be an early applicant
$144.7-217.1k
+ Equity Option Grant
1001+ employees
Company mission
To help restaurants increase sales control food costs, and optimize labor.
Role
Who you are
- The ideal candidate combines strong technical accounting knowledge with operational leadership, driving efficiency and accuracy across the finance function
- Bachelor’s degree in Accounting, Finance, or related field (CPA preferred)
- 8+ years of progressive accounting/finance experience, incl. at least 2 years in a management role
- Strong knowledge of GAAP, ASC 606, and revenue recognition principles
- Experience managing treasury operations is a nice-to-have
- Proficiency with ERP systems (Intacct preferred) and financial reporting tools
- Excellent analytical, problem-solving, and communication skills
What the job involves
- We are seeking a Director of Revenue Recognition to lead and oversee critical accounting functions, including revenue recognition and treasury management
- This role will ensure compliance with accounting standards, safeguard company cash flows, and support accurate and timely reporting of financial performance
- Revenue Management: Oversee the end-to-end revenue recognition process, ensuring compliance with ASC 606 and other applicable accounting standards
- Partner with Sales, Operations, and Legal teams to review contracts and identify revenue implications; monitor deferred revenue, accruals, and reconciliations to ensure accuracy and completeness; drive improvements in revenue forecasting, reporting, and analysis
- Treasury Management: Manage cash flow, banking relationships, and liquidity to support business operations and growth; oversee daily cash operations, including disbursements, investments, and account reconciliations
- Develop and maintain cash flow forecasting models; optimize treasury policies, banking structures, and controls to reduce risk and improve efficiency
- Leadership & Cross-Functional Collaboration: Manage and mentor accounting staff, fostering a culture of accountability, accuracy, and continuous improvement; partner with FP&A, Sales, and Executive leadership to provide insights into revenue, cash flow, and compensation impacts
- Support external audit, tax, and compliance requirements related to revenue, treasury, and compensation; drive process automation and system enhancements to strengthen internal controls and streamline reporting
Our take
Restaurant management can be rather outdated, often relying on spreadsheets and physical receipts. Restaurant365 develops all-in-one management software solutions for the restaurant industry, encompassing accounting, analytics, staff, and inventory management within its toolkit.
Restaurant365’s customer base isn’t just restaurants though, it’s software attracts accounting firms that work with restaurants as well as small eateries and large franchises. It’s expansive customer base is reflected in the amount of funding that it has received since its founding in 2011, now making it a verified Unicorn.
Restaurant365’s most recent round of funding came in 2024, and its $175 million will be invested into further enhancing its product. The company's success is unprecedented, as most would bet that restaurant industries post-pandemic would struggle to get back on their feet. Restaurant365 defied expectations though, and actually turned out to be the company that COVID-hit restaurants relied on to keep their heads above water. This goes some way to explain the success of Restaurant365, which is a proven aid for the ailing dining industry.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
118% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
May 2024
$175m
GROWTH EQUITY VC
May 2023
$135m
LATE VC
Total funding: $437.5m
Company benefits
- Fully Covered Health Insurance: R365 provides comprehensive medical, dental, and vision coverage—100% paid for full-time employees.
- Flexible Time Off: Recharge when you need, so you can stay energized and focused.
- 401k with employer math.
- Stock options to purchase equity.
- Health Savings and Flexible Spending Accounts.
- Employee discount programs to lifestyle vendors and servcies.
- Annual learning and development reimbursement.
- Access to LinkedIn Learning.
- Employee recognition and TIP program.
- Fertility guidance and support.
- Online legal solutions.
- Paid parental leave.
- Disability insurance.
- Pet and life insurance.
- Wellness programs.
- Health concierge and support.
- Meditation and mindfulness courses.
- Gym discounts and virtual fitness classes.
Company HQ
East Irvine, Irvine, CA
Leadership
Tony Smith
(Co-Founder & CEO)Previously on the Board of Directors at Dynamic Methods. Before that, they were a Director of Services there.
Morgan Harris
(Co-Founder & Chief Customer Advocate)Previously Partner and Co-Founder at Dynamic Methods, Account Executive/Senior Consultant at Foreshock and Auditor at PriceWaterhouseCoopers.
John Moody
(Co-Founder, Chief Strategist & Board Member)Previously CRM Managing Partner and Board Member at Dynamic Methods.
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