Senior Manager, Revenue Accounting

Senior Manager, Revenue Accounting
PowerSchool - Education company
- Folsom, CA
Job description
Our Partner, Powerschool, is seeking an experienced Senior Manager of Revenue Accounting:
Overview
At PowerSchool, we are a dedicated team of innovators guided by our shared purpose of powering personalized education for students around the world. From the central office to the classroom to the home, PowerSchool supports the entire educational ecosystem as the global leader of cloud-based software for K-12 education. Our employees make it all possible, and a career with us means you’re joining a successful team committed to engaging, empowering, and improving the K-12 education experience everywhere.
Team Overview
Our Finance team is a passionate, high-performing group committed to supporting PowerSchool operations through accurate and timely financial transaction management. The team provides critical business guidance on a broad range of accounting, reporting, and analytical projects, ensuring the integrity of financial data. The Revenue Team plays a pivotal role in our company's success by ensuring that our revenue recognition processes are optimized and compliant with regulatory standards. By partnering closely with our legal, finance, and sales teams, the Revenue Team meticulously reviews and analyzes sales contracts to guarantee alignment with ASC 606. This collaboration not only safeguards the company against potential compliance risks but also enhances our financial reporting accuracy.
ResponsibilitiesDescription
The ideal candidate must possess strong critical thinking and communication skills. This person will partner closely with our cross-functional teams to structure and negotiate contractual terms, perform revenue close accounting activities, as well as work with key stakeholders, lead projects, develop new processes and improve on the month-end close process. The position requires a hands-on person who is flexible, solutions-oriented and works well under pressure in a fast-paced environment.
Your impact will consist of:
- Partner with Sales, Legal, FP&A, and Sales Operations on deal construction and non-standard contract reviews to determine revenue impact and provide recommendations to maximize revenue and other key financial metrics.
- Support monthly closing activities including, but not limited to, reviewing non-routine revenue transactions, performing accounting assessments, preparing accurate journal entries, and documenting revenue conclusions.
- Research, resolve, and operationalize complex and non-routine revenue accounting transactions.
- Identify actionable insights and suggest recommendations to address issues and improve accounting processes/efficiencies.
- Monitor revenue inbox to respond timely and appropriately to business requests.
- Participate in and/or lead projects and initiatives with cross functional impacts.
- Assist with external audits and special projects as needed.
Minimum Qualifications
- Minimum of 8+ years of relevant and related work experience.
- Bachelor’s degree in Accounting or Finance
- Advance knowledge of ASC 606 revenue accounting guidance
- Experience with SaaS or Software Company revenue recognition
- Experience in writing complex technical revenue accounting position papers
- Experience partnering with FP&A, Sales, Legal to deliver insightful information
- Solid organizational skills with the ability to manage priorities and execute in a fast-paced environment with attention to details
- Team player and effective communicator with all levels of management and cross functional organizations.
Preferred Qualifications
- Public Accounting experience, preferably Big 4 CPA firm
- CPA or equivalent
- Experience with Netsuite and SalesForce
PowerSchool offers the following benefits:
- Comprehensive Insurance Coverage (including Medical, Dental, Vision, Pharmacy benefits, Life Insurance and AD&D)
- Flexible Spending Accounts and Health Savings Accounts
- Short-Term Disability and Long-Term Disability
- Comprehensive 401(k) plan
- Generous Parental Leave
- Unrestricted paid time off (known as Discretionary Time Off - DTO)
- Wellness Program, including ClassPass & Employee Assistance Program
- Tuition Reimbursement
- Optional Benefits: Pet Insurance, Identity Theft Protection, Student Debt Repayment Program and Prepaid Legal coverage
All applicants applying for U.S. job openings must be legally authorized to work in the United States and are required to have U.S. residency at the time of application.
If you are a person with a disability needing assistance with the application, or at any point in the hiring process, please contact us at support@themomproject.com.
Screening Questions
- Do you have advance knowledge of ASC 606 revenue accounting?
- Do you have SaaS or Software Company revenue recognition experience?
- Are you able to commit to a hybrid work schedule, requiring 2 days onsite/week in Folsom, CA?