Revenue Accountant at Bloom Equity Partners | Torre

Revenue Accountant

You'll shape financial integrity and drive growth by optimizing revenue recognition processes.
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Full-time

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Emma of Torre.ai
about 2 months ago

Requirements and responsibilities


About the roleThe Revenue Accountant is responsible for managing the end-to-end revenue recognition process for Soutron Global’s SaaS subscription and professional services revenue streams. This role ensures compliance with ASC 606 and US GAAP, reviews customer contracts to determine appropriate revenue treatment, prepares journal entries for month-end, quarter-end, and year-end close, reconciles deferred and recognized revenue accounts, and supports audit and reporting requirements. The Revenue Accountant partners closely with Sales, Customer Success, and Finance leadership to maintain accurate revenue records and contributes to process improvement initiatives across the finance function.Essential responsibilities and dutiesReview new and amended customer contracts to determine revenue recognition treatment in accordance with ASC 606, including identification of performance obligations, transaction price allocation, and timing of revenue recognitionPrepare and post monthly journal entries related to subscription revenue, professional services revenue, deferred revenue, and related balance sheet accountsMaintain and reconcile the deferred revenue schedule, ensuring accuracy of beginning balances, billings, revenue recognized, and ending balancesPrepare account reconciliations for revenue-related balance sheet accounts including deferred revenue, unbilled receivables, and accounts receivableResearch variances in revenue-related accounts and provide explanations of actuals vs. forecast to managementSupport the monthly, quarterly, and year-end financial close process with accurate and timely revenue reportingDraft technical accounting memos documenting the revenue treatment for non-standard or complex contractual arrangementsCollaborate with Sales and Customer Success teams to understand contract structures, amendments, and renewalsPrepare schedules and supporting documentation for external audits related to revenue recognitionAnalyze subscription metrics including ARR, MRR, churn, and net revenue retention to support management reportingAssist in the development and documentation of revenue recognition policies, procedures, and internal controlsSupport system and process improvements related to billing, revenue recognition, and ERP workflowsAssist with ad hoc financial analysis and special projects as directed by the VP of Finance or ControllerQualificationsEducation: Bachelor’s degree in Accounting or Finance requiredCertification: CPA preferred or actively pursuingExperience: Minimum of 2-4 years of accounting experience, with direct experience in revenue recognition under ASC 606; SaaS or subscription-based business experience strongly preferred; public accounting experience a plusKnowledge/skills/abilitiesStrong working knowledge of ASC 606 revenue recognition standards and US GAAP principlesExperience with SaaS revenue models including subscription, usage-based, and professional services revenue streamsProficiency with ERP and billing systems; experience with NetSuite, Sage, or similar platforms preferredAdvanced proficiency in Microsoft Excel including pivot tables, VLOOKUP/INDEX-MATCH, and financial modelingStrong analytical and problem-solving skills with attention to detailExcellent organizational and time management skills with the ability to manage multiple priorities in a fast-paced environmentStrong written and verbal communication skills, including the ability to draft technical accounting memosAbility to work independently with minimal supervision while exercising sound judgmentAbility to collaborate cross-functionally with non-finance stakeholdersExperience working in a private equity-backed environment is a plus
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