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AI Summary
The Revenue Accountant manages the end-to-end revenue recognition process for SaaS subscriptions and professional services in compliance with ASC 606 and US GAAP. They are responsible for preparing journal entries, reconciling deferred revenue, and collaborating with cross-functional teams to support financial close and audit requirements.
Soutron Global
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.
Job Description
| Position Title: | Revenue Accountant |
| Reports To: | Controller |
| Organization: | Soutron Global |
| Classification: | Exempt |
JOB SUMMARY:
The 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 DUTIES:
- Review 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 recognition
- Prepare and post monthly journal entries related to subscription revenue, professional services revenue, deferred revenue, and related balance sheet accounts
- Maintain and reconcile the deferred revenue schedule, ensuring accuracy of beginning balances, billings, revenue recognized, and ending balances
- Prepare account reconciliations for revenue-related balance sheet accounts including deferred revenue, unbilled receivables, and accounts receivable
- Research variances in revenue-related accounts and provide explanations of actuals vs. forecast to management
- Support the monthly, quarterly, and year-end financial close process with accurate and timely revenue reporting
- Draft technical accounting memos documenting the revenue treatment for non-standard or complex contractual arrangements
- Collaborate with Sales and Customer Success teams to understand contract structures, amendments, and renewals
- Prepare schedules and supporting documentation for external audits related to revenue recognition
- Analyze subscription metrics including ARR, MRR, churn, and net revenue retention to support management reporting
- Assist in the development and documentation of revenue recognition policies, procedures, and internal controls
- Support system and process improvements related to billing, revenue recognition, and ERP workflows
- Assist with ad hoc financial analysis and special projects as directed by the VP of Finance or Controller
QUALIFICATIONS:
- EDUCATION: Bachelor’s degree in Accounting or Finance required
- CERTIFICATION: CPA preferred or actively pursuing
- EXPERIENCE: 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 plus
KNOWLEDGE/SKILLS/ABILITIES:
- Strong working knowledge of ASC 606 revenue recognition standards and US GAAP principles
- Experience with SaaS revenue models including subscription, usage-based, and professional services revenue streams
- Proficiency with ERP and billing systems; experience with NetSuite, Sage, or similar platforms preferred
- Advanced proficiency in Microsoft Excel including pivot tables, VLOOKUP/INDEX-MATCH, and financial modeling
- Strong analytical and problem-solving skills with attention to detail
- Excellent organizational and time management skills with the ability to manage multiple priorities in a fast-paced environment
- Strong written and verbal communication skills, including the ability to draft technical accounting memos
- Ability to work independently with minimal supervision while exercising sound judgment
- Ability to collaborate cross-functionally with non-finance stakeholders
- Experience working in a private equity-backed environment is a plus
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