- Serve as a subject matter expert on ASC 606 revenue accounting and the quote-to-cash process
- Oversee the accounting of multiple revenue streams as well as the design, implementation, and execution of scalable and effective processes for a more efficient close and strong control environment
- Establish formal accounting policies in accordance with US GAAP, prepare technical revenue accounting memos in compliance with US GAAP, and monitor relevant US GAAP developments to ensure revenue recognition policies are in compliance
- Review customer contracts for revenue recognition to ensure compliance with company policies and appropriate revenue recognition standards under ASC 606
- Review, document, and communicate any revenue impacts for customer contracts in accordance with Retool's revenue recognition policies and ASC 606
- Participate in the month end close process including preparation of journal entries, account analysis and reconciliation of revenue accounts to deliver timely and accurate financial results
- Work cross functionally to standardize procedures, drive process improvements and automation efforts to streamline revenue accounting operations and improve the quality of monthly, quarterly, and annual closes including internal controls
- Develop and provide technical revenue recognition training to cross functional teams, including sales and revenue operations
- Support special projects as needed including the implementation and / or maintenance of revenue accounting systems and tools
- Bachelor's degree in Accounting or other relevant field
- Certified Public Accountant or equivalent, with Big 4 or large accounting firm experience
- 6+ years of relevant revenue recognition experience
- Prior experience at a start-up or other fast-paced environment
- Strong understanding of US GAAP, ASC 606 and ASC 340 principles
- Strong organizational skills; a detail-oriented self-starter with the ability to work independently and across various functions
- Proven experience in customer contract reviews, subscription billing processes and systems, invoicing, and collections strategies
- Ability to partner cross-functionally across the company, and with external partners
- Proven analytical and creative problem-solving skills, with the capacity to identify issues and implement solutions proactively, driving continuous improvement
- Excellent communication and organizational skills, both written and verbal
- Experience with NetSuite preferred
- Experience with Stripe and Salesforce a plus
- Prior experience with large datasets and SQL a plus
- SaaS revenue accounting experience is a plus
- Knowledge of sales tax is a plus
Revenue Accounting Manager - San Francisco, United States - Retool
Description
ABOUT RETOOL:
Nearly every company in the world runs on custom software: Gartner estimates that up to 50% of all code is written for internal use. This is the operational software for refunding orders, underwriting loans, onboarding employees, analyzing transactions, and providing customer support. But most companies don't have adequate resources to properly invest in these tools, leading to a lot of old and clunky internal software or, even worse, users still stuck in manual and spreadsheet flows.
At Retool, we're on a mission to bring good software to everyone. We're building a new type of development platform that combines the benefits of traditional software development with a drag-and-drop UI editor and AI, making it dramatically faster to build internal tools. We believe that the future of software development lies in abstracting away the tedious and repetitive tasks developers waste time on, while creating reusable components that act as a force multiplier for future developers and projects. The result is not just productivity, but good software by default. And that's a mission worth striving for.
Today, our customers span from small startups building their first operational tools to Fortune 500 companies building mission-critical apps for thousands of users across their business. Interested in joining us? Let us know
WHY WE'RE LOOKING FOR YOU:
Retool is scaling quickly To support this growth and help us achieve our long-term mission of bringing good software to everyone, we are building a world-class Finance and Accounting team. This team will serve as Retool's "source of truth," developing high-integrity financials that provide visibility into business performance, delivering insights that drive strategic decisions, and establishing operational rigor so we effectively manage our cash and risk. The Revenue Manager role will be essential in helping us build and scale this capability.
WHAT YOU'LL DO:
Retool is looking for a strong Revenue Accounting Manager to join our growing accounting team. Reporting to the Revenue Accounting Lead, the Revenue Accounting Manager will be the focal point on revenue recognition and contract structuring, supporting new product introduction, playing an integral role in our revenue accounting processes, working cross functionally with our sales and revenue operations team and other key stakeholders. This role will help build and uphold revenue recognition standards for Retool. We will also look to you to help us build processes, develop controls, and identify opportunities for automation that will help us scale. Finally, as a fast-growing business, there will be opportunities to lead special projects, which will enable you to expand your skill set while helping Retool build new accounting capabilities.
WHO YOU'LL WORK WITH:
You will join a small, mighty and growing Finance team that aspires to serve customers across the business with high-quality financial reporting and insights. In addition to working with different Finance team members, you will partner with teams across the business as we establish processes and the infrastructure required to support our growing business. We really like spending time with each other in person and believe in the power of in-person collaboration, creativity, and connection so we have returned in a hybrid capacity to our San Francisco office 3 days a week.
IN THIS ROLE, YOU WILL:
THE SKILLSET YOU'LL BRING:
For candidates based in the United States, the annual base salary range is listed below. This salary range may be inclusive of several career levels at Retool and will be narrowed during the interview process based on a number of factors such as (but not limited to), scope and responsibilities, the candidate's experience and qualifications, and location.
Additional compensation in the form(s) of equity, and/or commission/bonuses are dependent on the position offered. Retool provides a comprehensive benefit plan, including medical, dental, vision, and 401(k). Pay and benefits are subject to change at any time, consistent with the terms of any applicable compensation or benefit plans.
United States pay range
$110,200—$158,300 USD
Retool offers generous benefits to all employees and hybrid work location. For more information, please visit the benefits and perks section of our careers page
Retool is currently set up to employ all roles in the US and specific roles in the UK. To find roles that can be employed in the UK, please refer to our careers page and review the indicated locations.