Revenue Accountant

Veracross • Wakefield, MA

11h

About The Position

Veracross provides SaaS-based School Information Systems (SIS) designed to meet the specific needs of independent K-12 schools worldwide. Our one-record solution combines the power of a fully integrated single-record database, personalized communication tools, and an elegant architecture that is unique in our industry.
We are a growing, values-led community of employees in the US, UK and Australia who share a vision to unify school communities, improve the quality of education, and enhance learning.
Veracross is five product brands in one global tech company
Veracross SIS is a one-person, one-record school management platform
Magnus Health provides cloud-based Student Health Record (SHR) solutions
Digistorm connects with their communities through Digistorm Websites, Digistorm Funnel, and Digistorm Apps.
Epraise incentivizes student well-being and connects teachers, students, and families.
Firefly provides an online learning space for students and teachers

Requirements

• Bachelor’s degree or higher in Accounting, Finance, or Business Administration
• 1+ years experience in revenue accounting, audit or general accounting preferred
• Advanced Excel skills, including the ability to perform functions like V-lookup and Pivot Table, as well as ability to understand more complex formulas
• Working knowledge of US GAAP and ASC 606
• Strong attention to detail and commitment to delivering high quality work
• Ability to work independently and consistently meet deadlines
• Excellent communication skills; able to deliver messages effectively both verbally and in writing

Responsibilities

• Review customer contracts for application of appropriate revenue recognition in accordance with ASC 606
• Create and maintain complex revenue recognition contract templates which capture total contract value, billings, the standard selling price allocation and revenue recognized
• Analyze billing and software go-live data to support proper revenue recognition
• Prepare revenue journal entries and deferred revenue balance sheet account reconciliations and rollforwards and analysis of unusual or significant changes
• Assist with updating and maintaining the revenue recognition policy memo and the standalone selling price analysis
• Assist with the improvement of revenue recognition processes and controls through cross-functional interactions with sales and implementation teams
• Support Financial Planning and Analysis team with revenue forecasting and delivering revenue metrics and reporting
• Support the maintenance of accurate customer product and contract records in Salesforce CPQ
• Support the annual external audit

Benefits

• 3 weeks of vacation per year
• 14 paid holidays per year (including the week off between Christmas and New Year's Eve)
• 56 Hours of paid sick leave annually
• Top tier benefits -
• Medical, Dental & Vision (Blue Cross Blue Shield & EyeMed)
• Veracross LLC Fidelity 401(k) Plan - Managed by Sentinel Benefits
• Salary at Veracross is determined by a variety of factors including, but not limited to: business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience. The compensation range for this position is $72k to $80k (annualized USD) in addition to potential bonus.
• We value the power of an inclusive culture and a strong sense of belonging. We seek to infuse diversity and inclusion in everything we do while promoting a culture where differences are embraced as strengths; opportunities are equal and accessible; consideration and respect are the norm; and all team members are supported in reaching their full potential.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees