Director of Revenue Accounting at Blend

Raleigh, North Carolina, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Bachelor’s degree in Accounting or Finance; CPA required
12+ years of progressive experience in revenue accounting and billing/collections, including 5+ years in a leadership role
Deep expertise in ASC 606, including experience reviewing complex SaaS and subscription-based contracts
Proven experience leading order-to-cash processes and managing billing and AR operations
Experience in a public company environment, including SOX compliance and external audit
Strong systems knowledge (e.g., NetSuite, Salesforce, CPQ, Zuora, or similar platforms)
Excellent analytical and problem-solving skills with the ability to drive actionable insights
Exceptional communication and interpersonal skills to collaborate with internal and external stakeholders and influence outcomes

Responsibilities

Lead the Company’s revenue accounting function, ensuring compliance with ASC 606
Lead technical accounting assessments of customer contracts, with the focus on non-standard terms, contract modifications, and multi-element arrangements
Guide monthly and quarterly revenue close processes, overseeing revenue recognition entries, flux analysis, internal reporting, and external revenue-related disclosures
Maintain and evolve the Company’s revenue recognition policies and documentation
Partner with Product and Engineering to assess impacts of new offerings on revenue recognition and operational processes
Oversee the billings and collections function, ensuring accurate, timely, and complete invoicing and cash application
Drive DSO improvement through proactive collections efforts and partner cross-functionally to resolve disputes
Lead process transformation initiatives to automate and streamline billing and collection workflows
Ensure SOX 404(b) compliant controls are documented and operating effectively across all quote-to-cash processes
Serve as the primary contact for internal and external audits related to revenue and receivables, including providing audit deliverables and technical documentation
Lead, coach, and mentor a team of revenue and billing professionals with a focus on professional growth and high performance
Collaborate with Deal Desk, Legal, Sales Ops, and FP&A to enable timely, compliant, and scalable contracting and revenue processes
Participate in system implementations and enhancements (e.g., ERP, CPQ, billing systems) to support process optimization and automation

Skills

ASC 606

Revenue Recognition

SaaS Revenue Models

Quote-to-Cash

Billing

Collections

Technical Accounting

Audit Support

Flux Analysis

DSO Improvement

Process Optimization

Automation

Blend

Streamlines lending process for financial institutions

About Blend

Blend simplifies the lending process for financial institutions with its digital platform, allowing them to process over $3 billion in loans daily. The platform includes automated verifications, instant pre-approvals, and seamless electronic closings, which enhance efficiency and reduce costs. Blend stands out from competitors with its modular architecture and no-code configuration tools, enabling quick adaptation to market changes and personalized customer experiences. The company's goal is to improve loan processing efficiency and customer acquisition for its clients.

San Francisco, CaliforniaHeadquarters

2012Year Founded

$646.9MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Meaningful equity and a 401(k) plan

Comprehensive health benefits

Wellness benefits covering a variety of wellness activities, gym memberships, fitness classes and more

16 weeks of paid parental leave

Generous vacation policy

Work from home office set up stipend and internet stipend during COVID-19

Risks

Increased competition from emerging fintechs could erode Blend's market share.

Recent stock price decline may indicate investor concerns about Blend's future.

Volatility in the FinTech IPO Index suggests potential market instability for Blend.

Differentiation

Blend's platform processes over $4 billion in loans daily, showcasing its scalability.

The company offers a modular architecture, allowing quick adaptation to market changes.

Blend's partnerships with major banks enhance its credibility and market reach.

Upsides

Growing demand for digital lending boosts Blend's market potential.

Partnerships with fintechs like Astra enhance Blend's service offerings.

Automated workflows reduce costs and improve efficiency for financial institutions.

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