Job Information
Magnus Veracross Revenue Accountant in Wakefield, Massachusetts
Company Description:
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
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Responsabilities:
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
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
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.