Revenue Accounting Manager



Accounting & Finance
New York, NY, USA
Posted on Friday, June 28, 2024

Flex is a growth-stage, NYC headquartered FinTech company that is creating the best rent payment experience. It’s hard to believe that it’s 2024 and paying rent on time is expensive, inflexible, and difficult. We’re here to change that! Flex enables our users to pay rent throughout the month on a schedule that better fits their finances and budget. Our mission is to empower as many renters as possible with flexibility over their most significant recurring expense. After deliberately keeping a stealth profile as we built up unprecedented investor support and an enthusiastic user base, we are looking for motivated individuals to help us keep our mission growing. Will you be a part of the team?

About the role

The Revenue Accounting manager will report to the VP of Accounting. This role is hybrid with on-site expectations of 2-3 days per week in our New York Headquarters.

What you’ll do

  • Responsible for end-to-end revenue operations, revenue recognition under ASC 606, AR and collections
  • Ensure timely, accurate recording and reporting of Flex’s revenue and accounts receivable transactions on a monthly and quarterly basis, including oversight of month-end fluctuation analyses and account reconciliations.
  • Driving the roadmap for Flex’s revenue recognition policy and procedures
  • Maintaining and implementing changes related to ASC 606 guidance
  • Key involvement with prompt and reasonable guidance to Go-to-Market teams on non-standard agreements, with the goal of driving collaboration amongst cross functional teams
  • Partnering with Risk Product, Finance, and Sales teams to enable billing for new products and drive efficiencies in overall order-to-cash process
  • Analyzing revenue and AR data to identify trends and areas for improvement.
  • Proposing and recommending accounting updates to our AR reserve methodology; defining and creating a scalable process for identifying revenue vs. bad debt provision reserves
  • Play a key role in driving change and continuous improvement in the Order to Cash cycle.
  • Lead reporting and serve as subject matter expert in all revenue and AR-related areas during financial statement audits or due diligence

Key qualifications

  • 8+ years accounting experience in financial environment
  • Ability to work in a team environment as well as independently.
  • Bachelor’s degree (B. A) in Accounting
  • Strong working knowledge of ASC 606 codification as it relates to accounting and revenue recognition for financial market instruments/products
  • Hands on experience with contract reviews and due diligence
  • Proven self-starter with a strong sense of ownership, communication and analytical business acumen
  • CPA or equivalent is highly desirable
  • Demonstrated analytical and problem-solving skills.
  • Ability to effectively manage multiple tasks simultaneously and handle adverse and urgent situations with rapid changes in priorities.
  • Strong PC background with working knowledge of ERP and financial systems.
  • Proven time management and project management ability.
  • Excellent interpersonal, oral and written communication skills.

The national pay range for this role is $143,000-$160,000 in base salary. Individual compensation will be commensurate with the candidate's experience aligned with Flex's internal leveling guidelines and benchmarks.

Life at Flex:

We understand that it takes a diverse team of highly intelligent, curious, determined, empathetic, and self aware people to grow a successful company. Our HQ is located in New York City, but we have employees located throughout the US, Australia, and South America. We are growing quickly, but deliberately, with a focus on building an inclusive culture. Our dynamic team has incredible perspectives to share, just as we know you do, and we take great pride in being an equal opportunity workplace.

We offer many employee benefits. For full time, U.S. based employees we offer:

  • Competitive pay
  • 100% company-paid medical, dental, and vision
  • 401(k) + company stock options
  • Unlimited paid time off with a PTO minimum + 13 company paid holidays
  • Parental leave
  • Flex Cares Program: Non-profit company match + pet adoption coverage
  • Free Flex subscription