Senior Revenue Accountant

Groq•Worth, IL

62d•$127,500 - $172,500

About The Position

Groq is seeking a detail-oriented Senior Revenue Accountant to manage revenue recognition processes, ensure compliance with ASC 606 and ASC 842, and partner with Sales, Legal, and Finance. The role supports accurate financial reporting and scalable revenue operations, with a particular focus on cloud hosting revenue and data center leasing. It also contributes to monthly close activities, technical accounting research, and audit and internal-controls compliance. The role is based in one of Groq’s three hiring hubs: the Dallas, San Francisco, or New York City area. The employee may work remotely while a local Groq office is established, with the expectation that the role will transition to onsite once the office opens. The position uses Salesforce and NetSuite to manage contract data, billing workflows, and revenue schedules. Compensation is a total cash salary range of $127,500–$172,500, inclusive of potential bonus value, with placement based on location, experience, skills, and internal compensation standards. Groq also offers a Long-Term Incentive Program and employee benefits.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
3–5+ years of progressive accounting experience, including direct revenue accounting experience.
Strong working knowledge of ASC 606; hosting, subscription, or SaaS revenue experience is preferred.
Strong working knowledge of ASC 842; data center or equipment leasing experience is preferred.
Hands-on experience with NetSuite and Salesforce is required.
Strong analytical, organizational, and written communication skills, including the ability to draft technical accounting memos.
Ability to work cross-functionally and explain accounting concepts to non-accounting stakeholders.
High attention to detail and ability to manage multiple priorities in a deadline-driven, fast-paced environment.
Advanced Excel skills, including pivot tables, lookups, and waterfall modeling.
Experience building or improving deferred revenue and billing processes for hosting or subscription revenue.
Experience with lease accounting software or lease schedule management for data center or colocation arrangements.
Experience mentoring or reviewing the work of junior accounting staff.

Nice To Haves

Familiarity with ASC 326 (CECL).
CPA or CPA candidate.
Experience in a SaaS, cloud infrastructure, colocation, or data center company.
SOX compliance experience, including in a public or pre-IPO company environment.
Experience with BI or reporting tools such as Tableau or Power BI.
Prior involvement in audit preparation, PBC schedules, and internal controls; SOX experience is a plus.

Responsibilities

Review cloud hosting customer contracts for ASC 606 compliance, including performance obligations, standalone selling price analysis, and revenue recognition timing and pattern.
Review data center space and computer rack lease agreements for ASC 842 accounting treatment, including lease classification, embedded leases, and right-of-use asset and liability assessment.
Analyze contract terms, performance obligations, and pricing structures to determine appropriate revenue treatment for hosting and leasing arrangements.
Partner with Sales and Legal during contract drafting and negotiation to structure terms that support straightforward revenue recognition.
Identify and flag non-standard contract terms that may create revenue-recognition complexity or risk, such as bundled hosting and hardware, variable consideration, and embedded leases.
Manage and maintain deferred revenue waterfalls and schedules.
Create, issue, and reconcile monthly customer billings; investigate and resolve discrepancies between billing, revenue, and cash receipts.
Perform balance sheet account reconciliations and analyze month-over-month and year-over-year fluctuations.
Use Salesforce and NetSuite to manage contract data, billing workflows, and revenue schedules.
Identify and implement process improvements to increase efficiency and reduce manual, spreadsheet-based work in revenue operations and close activities.
Review collectability of outstanding invoices in accordance with ASC 326 (CECL).
Make recommendations regarding customer churn related to non-payment, delinquency, or other disqualifying account activity.
Serve as a key liaison between Accounting, Sales, and Legal on revenue-impacting matters.
Partner with FP&A on revenue budget-to-actual variance analysis.
Support ad hoc analysis and special projects requested by management.