Senior Revenue Accountant
Senior Revenue Accountant
Relay, a Raleigh-based venture backed technology company, is looking to change the way we communicate. We’re on a mission that matters, and we're hiring for a Senior Revenue Accountant who will thrive in a dynamic high-growth start-up environment.
Frontline workers are the lifeblood of our economy, and we're building the cloud platform that makes them better, faster and safer than ever before. Our cloud solution incorporates software and AI to offer a data driven approach to frontline work through real time communications, real time location information and powerful real time data and insights. Here at Relay, we've designed, built and launched an entirely new product category and we're disrupting the handheld radio industry. What is it? A simple, rugged, internet-enabled smart-device, and all the software that runs with it, for B2B clients and frontline workers across multiple industries and verticals. We've achieved proven product-market fit with a user experience that solves real-world customer pain and unlocks new capabilities.
This role will be based in our Raleigh, North Carolina HQ.
What is Relay? A platform that includes a simple, rugged, internet-enabled smart-device, and all the software that runs with it, for B2B clients and frontline workers across multiple industries and verticals. We've achieved proven product-market fit with a user experience that solves real-world customer pain and unlocks new capabilities. We are expanding our Finance team to support this growth!
As the Senior Revenue Recognition Accountant, you will manage and execute the Company's revenue accounting function. This role encompasses handling all revenue recognition and accounting activities, performing critical contract reviews, and collaborating directly with the Senior Manager of Revenue Accounting to advise internal business partners on complex revenue arrangements. Success in this position requires building strong, cross-functional relationships with Sales, Operations, Legal, and Finance teams (including Billing and FP&A).
What you will do:
- Develop a deep understanding of Relay products and the order-to-cash cycle to provide accurate revenue recognition guidance based on authoritative literature and company’s policies
- Responsible for the preparation of monthly revenue recognition journal entries, AR, unbilled receivable and deferred revenue reconciliations, and other monthly close related tasks as assigned
- Review sales/purchase orders, specific customer contracts and invoices for completeness, accuracy, and proper revenue accounting treatment including multiple performance obligations arrangements.Document and account for new sales or renewal contracts in accordance with ASC 606
- Analyze and communicate the monthly P&L performance (specifically revenue and cost of revenue) through the preparation and presentation of concise financial summaries for monthly close meetings
- Prepare and review of detailed workpapers and supporting schedules, ensuring readiness for external audits and due diligence requirements
- Document, update and refine the Company’s revenue recognition policy as well as participate in continuous improvements to further scale and streamline our revenue process
- Assist the Sr. Manager, Revenue Accounting in developing and implementing best practices for revenue recognition processes, and internal procedures.
- Collaborate closely with FP&A to ensure alignment on the calculation and reporting of key internal revenue metrics and KPIs
- Partner with the Billing team to execute monthly collections analysis and accurately calculate the A/R allowance
- Support broader accounting team initiatives and special projects through cross-functional collaboration
If this sounds like a great new professional adventure and you are looking to work in a supportive and growing business apply now! Our team is excited to hear from you!
What you will have:
- 4-6 years of general ledger accounting, public accounting, or relevant experience
- BA/BS degree in Accounting, Business, Finance or other relevant field
- CPA designation or currently pursuing a CPA
- Hands-on experience and understanding of ASC 606 revenue recognition and experience in revenue accounting
- Deep understanding and knowledge of US GAAP as well as accounting and financial processes
- Advanced proficiency in Microsoft Excel
- Attention to detail and a solution-oriented mindset
- Strong verbal and written communication skills
- Positive attitude and self-motivated
- Ability to establish priorities, work independently, and execute autonomously close deadlines
- Flexibility with the ability to work in a fast-paced changing environment
What would be preferred:
- Extensive hands-on experience and understanding of ASC 606 revenue recognition and experience in revenue accounting
- Experience with accounting at a SaaS company
- Experience with working in NetSuite
About us: company, culture & perks:
We have a culture where we empower our Relayers to do the best work in their lives. We call this idea BWIML (pronounced bee wimmel = Best Work In My Life).
It's truly amazing what happy, engaged team members can achieve. Our ever evolving list of benefits means you'll be able to achieve work/life balance, stay healthy, perform impactful work, grow in your role, look after yourself/your family, and invest in your future.
At Relay, we offer...
- 100% Paid Insurance Health, Dental, Vision, Long/Short Term Disability and Life Insurance benefits for you and those who depend on you
- Generous Paid Time Off
- 401(K) Savings Plan + Company Match
- Baby Cash Reward + Paid Parental Leave
- Wellness Perks, including a world-class onsite fitness center with instructor led classes + locker room as well as endless outdoor amenities whether tennis, basketball, cycling, or pickleball is your jam
- Free Snacks and Fun Times
- Latest tech, standing desks, and all the accessories and software you need to succeed in your role
Please note all finalist candidates must complete a successful background and reference checks prior to employment with Relay.