Revenue Accountant

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Fullsteam is a leading provider of vertical software and embedded payments technology dedicated to helping businesses flourish by providing their customers with seamless experiences. With a dynamic and growing team of 1,700 employees, we are committed to driving innovation and delivering best-in-class software and payment solutions that empower small and medium-sized businesses across numerous industries. Our purpose is to help our customers grow their businesses and delight their customers. Join us and be a part of a forward-thinking company that values growth, excellence, and the success of our clients.

The Fullsteam Accounting team is seeking a highly qualified candidate for our Revenue Accountant role with SAAS revenue experience and the ability to thrive in a high growth and fast paced environment. This role is responsible for ensuring the billing and revenue recognition is accurate for a group of our portfolio companies.

Hybrid – 2 days a week in the Toronto office.

Primary Responsibilities:

• Ensure accurate and timely recognition of revenue in accordance with company policies and accounting standards.

• Reconcile revenue data between different systems or sources, identifying and resolving discrepancies as needed.

• Partner with the billing specialist to ensure completeness and accuracy of transactions.

• Establish clear communication channels and workflows between revenue accounting and billing departments to facilitate timely resolution of discrepancies.

• Conduct periodic training sessions for billing specialists on revenue recognition principles and related policies.

• Properly record revenue reclass entries and accruals at the customer detail level, ensuring proper journal entry support is documented and saved appropriately.

• Effectively meet close deadlines on a consistent basis.

• Maintain a standardized documentation system for journal entries, including detailed descriptions and supporting documentation.

• Understand revenue recognition start and end dates and key revenue terms such as revenue elements and arrangements.

• Analyze revenue and billing data to identify discrepancies or variations in revenue, and investigate the underlying causes.

• Review MoM or YoY variations, investigating underlying causes and providing explanations as necessary.

• Provide explanations of variances, such as incorrect rev rec dates, missing invoices that have been researched and reviewed with Billing Specialist.

• Investigate and provide insights on discrepancies between billed amounts and recognized revenue.

• Maintain controls and processes to minimize the occurrence of discrepancies in the future.

• Monitor and reconcile deferred revenue accounts, ensuring proper recognition of revenue over time or upon fulfillment of contractual obligations.

• Own reconciliation process for assigned accounts.

• Maintain accurate records and documentation related to revenue transactions.

• Ensure accounts receivable balances are recorded in compliance with accounting policies and guidelines.

• Record receivable reclass entries and accruals

• Understand the difference between invoice dates and revenue recognition start and end dates.

• Assist external auditors during interim and annual audits by providing documentation, explanations, and support related to revenue recognition practices and financial transactions.

• Assist with audit compliance documentation as necessary

• Collaborate cross- functionally with other departments and business units to facilitate relationships, resolve variances and drive process improvement initiatives.

Skills & Competencies:

• Revenue recognition expertise – understands and applies revenue recognition standards applicable to SaaS and Payments industry (fees, services) with understanding of billing vs. Revenue recognition principles.

• Understanding of compliance and PCI compliance needs related to the fintech/payments industry.

• Capable of managing multiple revenue streams across assigned business units managing and reconciling SaaS subscription revenue, payments transaction revenue and deferred revenue schedules.

• Ability to develop and maintain controls for revenue recognition and reporting accuracy.

• Ability to manage audit process for internal and external audit needs including process documentation.

• Skilled in revenue forecasting and budgeting processes.

• Background in NetSuite and ERP systems for revenue tracking and reporting.

• Knowledgeable on billing tools and integration with revenue accounting systems.

• Advanced Microsoft Excel skills including visualization techniques to report data to multiple stakeholder groups.

• Understanding of automation tools to identify and implement process or workflow enhancements.

• Critical thinker who can analyze, identify and resolve discrepancies in records like misapplied payments or unbilled accounts.

Financial Reporting:

• Skilled at analyzing revenue data, identifying trends, discrepancies and process improvement needs.

• Understands and applies methodology for revenue metrics to ensure reporting is timely, accurate, error free and informative as well as complying with regulatory and audit requirements.

Collaboration and Communication:

• Works to manage relationships across functions including sales, operations, accounting and billing to ensure alignment and accuracy through clear verbal communication and written documentation.

• Provides clear and interpretable reports in a consistent manner for stakeholder needs and decision making.

• Maintains a high level of service to all stakeholders both internal and external.

Accountability

• Achiever who takes ownership of responsibilities and understands the ethical needs of providing accurate and timely accounting data.

• Works collaboratively with team members to ensure departmental goals are achieved for monthly reporting needs.

• Is able to thrive in a mergers and acquisitions setting with new business unit responsibilities.

• Identifies challenges, proposes solutions and implements solutions to ensure resolution.

Minimum Qualifications:

• Bachelor's degree in Accounting, Finance, or related field; CPA certification is a plus.

• Minimum of 3-5 years of proven experience in accounting, finance, or related roles, with a focus on revenue recognition and analysis.

• Strong understanding of revenue recognition principles and accounting standards (e.g., ASC 606).

• Proficiency in accounting software and ERP systems (e.g., SAP, Oracle); NetSuite, FloQast and SFDC experience is a plus

• Excellent analytical and problem-solving skills with attention to detail.

• Ability to prioritize and manage tasks in a fast-paced environment.

• Exceptional communication and interpersonal skills.

• Ability to work independently and collaboratively in a dynamic environment.

Fullsteam recognizes that your health and wellbeing are a priority. This is why we offer a full suite of benefits that include:
•  Medical
•  Extended Health and LTD plan
•  Dental
•  Vision
•  RRSP (with employer match)
•  Health Spending Account
•  Flexible paid time off

This posting is for an existing vacancy and will remain open until filled.

Fullsteam supports an inclusive workplace that values diversity of thought, experience, and background. Fullsteam is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, ancestry, age, physical or mental disability, sex, sexual orientation, gender identity/expression, pregnancy, veteran status, marital status, creed, status with regard to public assistance, genetic status or any other status protected by federal, state, or local law.