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Revenue Manager
RETOOL San Francisco, CA
$129k-187k (estimate)
Full Time | IT Outsourcing & Consulting 2 Months Ago
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RETOOL is Hiring a Revenue Manager Near San Francisco, CA

WHY WE’RE LOOKING FOR YOU: 

Retool is scaling quickly! To support this growth and help us achieve our long-term mission of bringing good software to everyone, we are building a world-class Finance and Accounting team. This team will serve as Retool’s “source of truth,” developing high-integrity financials that provide visibility into business performance, delivering insights that drive strategic decisions, and establishing operational rigor so we effectively manage our cash and risk. The Revenue Manager role will be essential in helping us build and scale this capability.

WHAT YOU'LL DO:

Retool is looking for a strong Revenue Accounting Manager to join our growing accounting team. Reporting to the Revenue Accounting Lead, the Revenue Accounting Manager will be the focal point on revenue recognition and contract structuring, supporting new product introduction, playing an integral role in our revenue accounting processes, working cross functionally with our sales and revenue operations team and other key stakeholders. This role will help build and uphold revenue recognition standards for Retool. We will also look to you to help us build processes, develop controls, and identify opportunities for automation that will help us scale. Finally, as a fast-growing business, there will be opportunities to lead special projects, which will enable you to expand your skill set while helping Retool build new accounting capabilities.

WHO YOU'LL WORK WITH:

You will join a small, mighty and growing Finance team that aspires to serve customers across the business with high-quality financial reporting and insights. In addition to working with different Finance team members, you will partner with teams across the business as we establish processes and the infrastructure required to support our growing business. We really like spending time with each other in person and believe in the power of in-person collaboration, creativity, and connection so we have returned in a hybrid capacity to our San Francisco office 3 days a week.

IN THIS ROLE, YOU WILL:

  • Serve as a subject matter expert on ASC 606 revenue accounting and the quote-to-cash process
  • Oversee the accounting of multiple revenue streams as well as the design, implementation, and execution of scalable and effective processes for a more efficient close and strong control environment
  • Establish formal accounting policies in accordance with US GAAP, prepare technical revenue accounting memos in compliance with US GAAP, and monitor relevant US GAAP developments to ensure revenue recognition policies are in compliance
  • Review customer contracts for revenue recognition to ensure compliance with company policies and appropriate revenue recognition standards under ASC 606
  • Review, document, and communicate any revenue impacts for customer contracts in accordance with Retool's revenue recognition policies and ASC 606
  • Participate in the month end close process including preparation of journal entries, account analysis and reconciliation of revenue accounts to deliver timely and accurate financial results
  • Work cross functionally to standardize procedures, drive process improvements and automation efforts to streamline revenue accounting operations and improve the quality of monthly, quarterly, and annual closes including internal controls
  • Develop and provide technical revenue recognition training to cross functional teams, including sales and revenue operations
  • Support special projects as needed including the implementation and / or maintenance of revenue accounting systems and tools

THE SKILLSET YOU'LL BRING:

  • Bachelor’s degree in Accounting or other relevant field
  • Certified Public Accountant or equivalent, with Big 4 or large accounting firm experience 
  • 6 years of relevant revenue recognition experience
  • Prior experience at a start-up or other fast-paced environment
  • Strong understanding of US GAAP, ASC 606 and ASC 340 principles
  • Strong organizational skills; a detail-oriented self-starter with the ability to work independently and across various functions
  • Proven experience in customer contract reviews, subscription billing processes and systems, invoicing, and collections strategies
  • Ability to partner cross-functionally across the company, and with external partners
  • Proven analytical and creative problem-solving skills, with the capacity to identify issues and implement solutions proactively, driving continuous improvement
  • Excellent communication and organizational skills, both written and verbal
  • Experience with NetSuite preferred
  • Experience with Stripe and Salesforce a plus
  • Prior experience with large datasets and SQL a plus
  • SaaS revenue accounting experience is a plus
  • Knowledge of sales tax is a plus

Job Summary

JOB TYPE

Full Time

INDUSTRY

IT Outsourcing & Consulting

SALARY

$129k-187k (estimate)

POST DATE

02/01/2024

EXPIRATION DATE

04/28/2024

HEADQUARTERS

PALO ALTO, CA

SIZE

<25

FOUNDED

2020

CEO

DAVID HSU

REVENUE

<$5M

INDUSTRY

IT Outsourcing & Consulting

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The following is the career advancement route for Revenue Manager positions, which can be used as a reference in future career path planning. As a Revenue Manager, it can be promoted into senior positions as a Revenue Cycle Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Revenue Manager. You can explore the career advancement for a Revenue Manager below and select your interested title to get hiring information.

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If you are interested in becoming a Revenue Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Revenue Manager for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Revenue Manager job description and responsibilities

A revenue manager uses market data to set pricing or business strategy.

02/15/2022: Anderson, IN

Revenue managers oversee the process of collecting and organizing analytical data related to an organization’s revenue, sales, and other financial activities.

01/25/2022: San Jose, CA

An on-site revenue manager can benefit from firsthand knowledge of the market and activities at the hotel, but, thanks to technology, hotels can leverage the skills of a corporate revenue manager with great results.

02/23/2022: Montgomery, AL

Revenue managers also work closely with the Marketing department to create promotional offers and campaigns.

04/15/2022: San Bernardino, CA

Simply, revenue management means predicting consumer behavior to sell the product at an optimal price every day.

04/03/2022: Philadelphia, PA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Revenue Manager jobs

Some revenue management jobs may only require an associate’s degree and work experience.

02/19/2022: Fort Myers, FL

Channels are often closely tied to the customer segments that use them, so depending on the product type, a revenue manager can choose a channel and set prices for a particular segment of a target audience.

03/10/2022: Evansville, IN

Using data analysis and predictive analytics.

01/20/2022: Chicago, IL

Channel and overbooking management.

01/22/2022: Amarillo, TX

Without understanding that psychology should be at the center of revenue strategy, a revenue manager can be prone to the “spaghetti method” – throw everything at the wall and see what sticks.

03/03/2022: Sioux City, IA

Step 3: View the best colleges and universities for Revenue Manager.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College