Revenue Accounting Manager at Retool

San Francisco, California, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Technology, SoftwareIndustries

Requirements

Strong expertise in ASC 606 revenue accounting and the quote-to-cash process (subject matter expert level)
Experience overseeing accounting for multiple revenue streams
Knowledge of US GAAP, including ability to build formal accounting policies, prepare technical revenue accounting memos, and monitor relevant developments
Ability to review customer contracts for revenue recognition compliance with company policies and ASC 606
Capability to review, document, and communicate revenue impacts for customer contracts
Experience participating in month-end close processes, including journal entries, account analysis, reconciliations, and reviewing team members' work
Skills in working cross-functionally to standardize procedures, drive process improvements, and implement automation
Ability to develop and provide technical revenue recognition training to cross-functional teams

Responsibilities

Serve as a subject matter expert on ASC 606 revenue accounting and the quote-to-cash process
Oversee the accounting of multiple revenue streams and design, implement, and execute scalable processes for efficient close and strong controls
Build formal accounting policies in accordance with US GAAP, prepare technical revenue accounting memos, and monitor US GAAP developments for compliance
Review customer contracts for revenue recognition to ensure compliance with company policies and ASC 606 standards
Review, document, and communicate revenue impacts for customer contracts per Retool's policies and ASC 606
Participate in the month-end close process, including preparing journal entries, account analysis, revenue account reconciliations, and reviewing team members' work
Work cross-functionally to standardize procedures, drive process improvements, and automation to streamline revenue accounting and improve closes and internal controls
Develop and provide technical revenue recognition training to cross-functional teams
Support revenue recognition and contract structuring, new product introduction, revenue accounting processes, cross-functional collaboration with sales and revenue operations
Build and uphold revenue recognition standards, develop processes and controls, identify automation opportunities to scale
Support external audits and lead special projects to build new accounting capabilities

Skills

Revenue Recognition

Contract Structuring

ASC 606

Accounting

Financial Reporting

Product Introduction

Retool

Simplifies development of internal business tools

About Retool

Retool helps businesses create internal tools quickly and easily, targeting developers and IT teams. Users can build applications by connecting to various databases and APIs using a drag-and-drop interface, which reduces the need for extensive coding. The platform manages data fetching and user interface concerns, allowing developers to focus on customization. Retool operates on a subscription model and aims to streamline operations and improve productivity for businesses.

San Francisco, CaliforniaHeadquarters

2017Year Founded

$160.6MTotal Funding

SERIES_CCompany Stage

Data & Analytics, Enterprise SoftwareIndustries

201-500Employees

Benefits

Competitive healthcare, dental and vision benefits.

Breakfast, lunch and dinner at our San Francisco and New York offices.

$1,200 annual stipend for anything learning-related (books, conferences, classes, etc.).

$1,000 work-from-home-setup stipend.

Take the time you need to recharge!

Family planning support and paid parental leave.

Enrollment and matching up to an effective rate of 4%.

Mental health and wellness benefits

Risks

Increased competition from other low-code platforms may erode market share.

Expansion into external apps could introduce security vulnerabilities.

Dependence on third-party APIs poses risks if services change or fail.

Differentiation

Retool enables rapid internal tool development with a drag-and-drop interface.

It supports integration with various databases and APIs, enhancing flexibility.

Retool's platform is accessible to users with limited programming skills.

Upsides

Retool's expansion to external apps broadens its market reach.

Partnership with OpenAI enhances AI capabilities in business applications.

Growing demand for low-code platforms boosts Retool's market potential.

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