Lead Revenue Accountant

Cielo Projects

About The Position

Velotic is a newly formed independent software company focused on industrial operations, bringing together the ThingWorx and Kepware portfolios (formerly part of PTC) and Proficy (formerly part of GE Vernova). The company reports $350 million in annual revenue and serves customers globally. Its mission is to equip industrial producers with software-defined, data-driven production systems that improve quality, cycle times, resilience, and sustainable profit growth. The Lead Revenue Accountant oversees revenue accounting activities and ensures revenue is recognized accurately and in accordance with applicable accounting standards and company policies. The role serves as a key accounting resource for complex customer contracts and partners with Billing, Order Management, Sales, Finance, and other cross-functional teams. It requires technical accounting and analytical skills, independent evaluation of complex contracts and transactions, and the ability to guide Finance colleagues and improve revenue processes and controls. The position covers revenue recognition for software, SaaS, term licenses, professional services, maintenance, and other revenue streams. The Lead Revenue Accountant analyzes contracts under ASC 606, supports close activities, maintains revenue-related documentation and controls, contributes to system and process improvements, and assists with audits and technical accounting research. Success includes accurate and timely revenue reporting, clear documentation of contract conclusions, effective issue resolution, strong controls, and scalable process improvements.

Requirements

Bachelor's degree in Accounting, Finance, Business, or a related field.
8+ years of accounting or finance experience, with significant experience in revenue accounting.
Strong understanding of U.S. GAAP and revenue recognition principles.
Working knowledge of ASC 606 and experience applying its requirements to customer contracts.
Experience analyzing contracts and determining appropriate revenue recognition treatment.
Strong analytical, problem-solving, and technical accounting skills.
Excellent attention to detail and ability to manage multiple priorities.
Strong written and verbal communication skills.
Advanced proficiency with Microsoft Excel.
Experience working with an ERP or revenue management system.

Nice To Haves

Experience with software, SaaS, technology, professional services, or other subscription-based businesses.
Experience with complex, multi-element customer contracts.
Experience with term and perpetual software licenses.
Experience with professional services revenue recognition, including percentage-of-completion or other input/output methods.
Experience evaluating standalone selling prices and allocating transaction consideration.
Experience with contract modifications under ASC 606.
Experience with NetSuite or similar systems.
Experience with revenue recognition automation and system implementations.
Experience supporting external audits and technical accounting reviews.

Responsibilities

Oversee day-to-day revenue accounting activities and ensure revenue is recognized accurately and timely.
Analyze customer contracts and determine the appropriate accounting treatment under ASC 606.
Identify performance obligations and determine appropriate revenue recognition methods and timing.
Evaluate standalone selling prices and allocate transaction consideration among performance obligations.
Analyze contract modifications, renewals, cancellations, expansions, and other changes to customer arrangements.
Perform revenue recognition for software, SaaS, term licenses, professional services, maintenance, and other revenue streams.
Evaluate time-and-materials, fixed-price, milestone-based, and other professional services arrangements.
Prepare and review revenue recognition calculations, journal entries, and supporting schedules.
Monitor contract assets, contract liabilities, deferred revenue, and other revenue-related balance sheet accounts.
Perform monthly revenue reconciliations and investigate variances between billing, subledgers, and the general ledger.
Support month-end and year-end close activities, including preparation and review of revenue-related journal entries and account reconciliations.
Review billing activity for consistency with contractual terms and revenue recognition requirements.
Partner with Billing and Dispute Resolution teams to research and resolve revenue-related billing issues.
Provide accounting guidance to Sales, Operations, Order Management, and other business functions regarding contract structure and revenue implications.
Maintain revenue accounting policies, procedures, and documentation.
Identify opportunities to improve revenue processes, systems, controls, and reporting.
Assist with the implementation and maintenance of revenue recognition systems and automation.
Prepare analyses and documentation supporting internal and external audits.
Research technical accounting matters and document conclusions for complex or unusual transactions.
Monitor changes in accounting standards and assess their potential impact on revenue accounting practices.
Provide training, guidance, and technical support to accountants and other Finance team members.
Participate in special projects, process improvements, system implementations, and other Finance initiatives as needed.