Revenue Accounting Manager
Biotechnology is rewriting life as we know it, from the medicines we take, to the crops we grow, the materials we wear, and the household goods that we rely on every day. But moving at the new speed of science requires better technology.
Benchling’s mission is to unlock the power of biotechnology. The world’s most innovative biotech companies use Benchling’s R&D Cloud to power the development of breakthrough products and accelerate time to milestone and market.
Come help us bring modern software to modern science.
ROLE OVERVIEW
Benchling is looking for a Revenue Accounting Manager who will manage the full cycle Revenue and Order to Cash functions at a hyper-growth SaaS company. If you are passionate about technical revenue accounting for SaaS, working with cross functional partners, scaling O2C operations using technology and automation, we would love to meet with you! This role will be based out of the San Francisco HQ and report to the Head of Revenue.
When it is safe to return to office, we will be a hybrid office and will ask employees to come into the office at least 3 times a week.
YOUR IMPACT
- Manage the revenue policy per ASC 606 for all revenue streams (subscription and professional services). Implement a systematic process to ensure proper recognition of revenue, deferred revenue, contract assets and unbilled receivables. Advise on the accounting implications of non-standard financial terms and modifications on sales contracts.
- Collaborate with engineering, products, sales and services organizations to create and maintain a set of “audit proof” evidence that supports delivery of each performance obligation to substantiate revenue recognition.
- Manage the Order to Cash function responsible for sales contract review and management, validation of data in Salesforce and NetSuite against the contract and revenue policy, invoicing and collection. Act as a strategic partner to build the scalable and efficient processes across FP&A, legal, sales, services, marketing, products, etc.
- Design and improve revenue and O2C tools and software that integrate with related policies and systems seamlessly; generate reliable and timely financial data and metrics; optimize operational efficiency and salability; and enforce public-company ready internal controls in accordance with Sarbanes-Oxley compliance.
- Manage global sales and use tax compliance and filing requirements. Support the team that builds a comprehensive workflow that encompasses periodic evaluation of sales tax exposure and requirements on international, state and local level; obtain and review sales tax exemption certificates; collect and remit sales taxes as appropriate; ensure timely and accurate filing of sales tax filings; perform related reconciliations.
- Account for incremental sales costs and contract fulfillment costs in accordance with ASC 340.
- Create a partnership with cross functional teams to keep abreast of the business priorities and strategies to generate meaningful financial insight and KPIs in evaluating the historical trend, planning and forecasting of cash, key A/R metric, and RPO, etc. Design and perform A/R reserves analyses.
- Lead, coach, mentor and train the team; take an active interest in their career and development; find ways to continue their growth and development.
- Participate in month/quarter/year-end accounting close and audits. Ensure that financial data entered by the revenue and O2C team is accurate and in accordance with GAAP.
- Lead or assist on special projects as needed (e.g. Compliance filings, system implementation, etc.).
ABOUT YOU
- BS/BA in Accounting or equivalent with a strong understanding of GAAP, general ledger structure, and financial statements; CPA required
- Minimum 5 years of experience working directly in revenue and O2C roles, with an emphasis on building systems and technical expertise. Must have a minimum 2 years of managing a team
- Experience adopting ASC 606 required
- Experience in high-growth SaaS environment with subscription and service products required. Experience in public accounting and public company a plus
- High proficiency using the NetSuite Advanced Revenue Management module in multi-currencies a plus
- Strong MS Office Suite skills including VLOOKUP, if functions, pivot tables, etc.
- Proficiency using FloQast a plus
- Analytical and motivated to self-educate; able to identify and report relevant issues to management for timely and accurate resolution
- Excellent organizational skills and attention to detail. Must be able to prioritize tasks to meet deadlines and demands
- Versatile, enjoy working in a fast-paced environment and manage multiple projects and tasks
- Ability to communicate effectively with teammates and various levels of management as well as external contacts
- Reliability with strong work ethic, maturity and professionalism to handle confidential data
#LI-TD1
We are an equal opportunity employer. That means we don’t discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We also consider for employment qualified applicants with arrest and conviction records, consistent with applicable federal, state and local law, including but not limited to the San Francisco Fair Chance Ordinance.
Our leadership principles guide how all Benchlings can lead by example:
- Admit mistakes and shortcomings
- Deliver results
- Disagree and commit
- Obsess over customers
- Rely on work ethic
- Show empathy
- Recruit and develop the best
- Sweat the details
- Think and communicate clearly
- Unite around the mission
For applicants for U.S.-based roles only: All new hires in the United States are required to be fully vaccinated against COVID-19 and to provide proof of vaccination prior to their first day of employment. If you are unable to be vaccinated for medical or religious reasons, we will explore potential reasonable accommodations; however, Benchling may not be able to grant such accommodations in all cases if doing so would cause undue hardship.
If you are a Colorado resident: Please contact us by emailing [email protected] to receive compensation and benefits information for this role. Please include the job title in the subject line of the email.