Director, Revenue Accounting

Savvy Wealth • New York, NY

1d • $180,000 - $220,000 • Onsite

About The Position

Savvy Wealth is a registered investment advisor (RIA) that partners with experienced financial advisors, providing them with a modern, AI-native home to grow their businesses. The company offers a proprietary tech platform, client portal, in-house marketing, investment management, and client services. Savvy Wealth utilizes AI extensively in its product and internal operations. The company is a Series C with over 170 employees, has raised $200M, and is approaching $100M ARR. It has been recognized as the No. 1 fastest-growing financial services company in America and is a Certified Great Place to Work.

Requirements

• CPA with a Bachelor's Degree in Accounting or Finance (or equivalent experience)
• 8+ years of accounting experience, with at least 3 years in financial services industry
• Direct experience at a wealth management firm, RIA or broker-dealer
• Understanding of AUM fee billing, custodian cash flows and revenue share payout models
• Strong knowledge of ASC 606 Revenue from Contracts with Customers & ASC 326 Credit Impairment
• Experience with custodian cash application, accounts receivable accounting and financial reporting
• Proficiency with mainstream ERP systems and revenue engines such as Netsuite, Campfire, Orion, AdvicePay, etc.
• Experience in collaborating across departments to influence change
• Attention to detail, excellent communication skills, and strong sense of teamwork
• Ability to work independently and prioritize in a fast-paced environment
• Strong sense of ownership and independence, with proven ability to identify issues, propose solutions, and drive initiatives to completion with minimal supervision

Nice To Haves

• Experience in a growing fintech business, preferably in startup or high-growth environments
• Experience with SEC/FINRA regulated entities
• Passion for data integrity, comfort with large datasets, and enjoyment of solving complex problems
• Exceptional business acumen with ability to translate complex financial concepts into actionable insights for non-finance stakeholders

Responsibilities

• Manage daily revenue accounting operations, including high-volume transaction processing, and ensure accurate revenue recognition in compliance with ASC 606 for a RIA and broker-dealer
• Own the month-end revenue close process by preparing revenue journal entries and revenue account reconciliations and journal entries for revenue, deferred revenue, and unbilled receivables
• Manage comprehensive accounts receivable accounting functions, including custodian cash application, A/R reconciliations, and aging analysis
• Ensure accurate commission calculations and recognition under US GAAP
• Lead quarterly CECL aging analysis to ensure consistent application of ASC 326
• Ensure compliance with SEC and FINRA rules and reporting
• Perform regular month-end close flux analysis, identifying and explaining significant variances in revenue, commissions, and accounts receivable balances to ensure financial integrity and provide insights for management decision-making
• Collaborate cross-functionally with Operations, RevOps, Sales, Legal, and other business partners on strategic processes and programs
• Support revenue accounting system initiatives, including design, implementation, testing, and optimization
• Serve as subject matter expert for revenue and A/R accounting questions across the organization
• Lead audit coordination and serve as primary contact for external auditors during year-end audit
• Maintain comprehensive documentation for all revenue, commissions and A/R processes

Benefits

• Competitive salary and equity package
• Unlimited PTO + paid company holidays
• Access to holistic medical, dental, and vision plans
• Company 401(k) (including Mega backdoor Roth options), Commuter, and HSA/FSA plans
• NYC office in Union Square
• Lunch and snacks provided in the office, & dinner if you stay late
• Access to virtual mental health care (Spring Health) and health concierge (Rightway) to help you find the right care
• Access to counseling for stress management, dependent care, nutrition, fitness, legal, and financial issues (Guardian WorkLifeMatters EAP)

What This Job Offers

• Job Type: Full-time
• Career Level: Director