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Member of Accounting - Revenue Accounting and Operations Lead

At Anchorage Digital, we are building the world’s most advanced digital asset platform for institutions to participate in crypto.


Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry's leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital.


The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn. 


We are seeking a highly experienced and dynamic Revenue Accounting and Operations Lead to lead our revenue accounting and operations team and ensure robust and compliant client billing and revenue recognition processes. This role is critical to our company’s success and presents a unique opportunity to lead and develop a scalable and high performing revenue function at a high growth leader in the digital asset space. This person will collaborate closely with various departments, including Product, Engineering, Data Science, Sales, Legal and Operations, to develop and implement policies, enhance processes and controls, streamline operations, and drive continuous improvement initiatives related to revenue recognition and billing operations.


We have created the Factors of Growth & Impact to help Villagers better measure impact and articulate coaching, feedback, and the rich and rewarding learning that happens while exploring, developing, and mastering the capabilities and contributions within and outside of the Revenue Accounting and Operations Lead.


Technical Skills
  • Lead and oversee the end-to-end Revenue Accounting and Billing Operations function, including all aspects of accurate and timely revenue recognition, billing, collections, and financial reporting.
  • Develop and maintain revenue recognition policies and procedures in compliance with GAAP that align with the company's business model and revenue streams, including client payments in both fiat and cryptocurrency.
  • Ensure accurate and timely monthly, quarterly, and annual revenue close processes, including reconciliations, journal entries, and variance analysis.
  • Evaluate customer contracts for non-standard terms and conditions that have revenue recognition implications and document the proper revenue accounting treatment in collaboration with Technical Accounting.
  • Apply advanced skills in Google Sheets and revenue recognition software to efficiently and reliably implement revenue recognition conclusions across multiple lines of business.
  • Perform detailed and data intensive reconciliations with disparate datasets.
  • Manage external audits and ensure compliance with internal controls and audits, SOC requirements, and regulatory obligations.


Complexity and Impact of Work:
  • Partner with Product, Engineering and Data Science teams to identify product and system features needed to accurately calculate and report billing, revenue, collections and accounts receivables.  Streamline processes and implement automation tools/ revenue systems to improve the efficiency, scalability and accuracy of client billing and revenue recognition.
  • Partner with Legal, Sales, Technical Accounting and Business teams to review client contracts and ensure revenue implications and accounting requirements are well-understood and properly accounted for in new product launches, pricing strategies, and other business initiatives.I
  • Identify opportunities for process improvement in existing revenue accounting procedures and drive initiatives to implement enhancements.
  • Act as a control owner, designing and implementing robust internal controls to ensure the accuracy and integrity of revenue recognition processes, mitigating financial risks.


Organizational Knowledge:
  • Have a deep knowledge of the strategy of Anchorage Digital and its various business lines. Actively engage with different groups to work on understanding historical transactions as well as requirements for executing on go-forward global strategy.
  • Develop deep understanding of the multiple source data systems for client billing including production databases, blockchains, and spreadsheets.
  • Work on issues where analysis of situations or data requires an in-depth knowledge of the company’s objectives


Communication and Influence:
  • Articulate a clear strategy for the Revenue function and communicate across the company effectively.
  • Communicate, organize and execute on cross-team goals and projects, utilizing relationships and resources cross-functionally to solve problems.
  • Standardize and document processes and internal controls with an intentional approach to create shared consciousness and eliminate single points of failure.
  • Act as the primary point of contact for revenue and AR-related internal and external audit processes to ensure accuracy and timeliness of financial reporting


Team Leadership
  • Lead and mentor a team of revenue accounting professionals, fostering a culture of high performance, collaboration, and continuous improvement.
  • Provide clear directions and priorities to the revenue accounting team by defining strategic direction, planning the roadmap, flagging dependencies and blockers, escalating issues, and synthesizing feedback to ensure team success.
  • Provide guidance and mentorship to team members, fostering their professional growth and development through regular feedback, training opportunities, and career advancement support.
  • Plan and execute team staffing and succession planning in service of company goals, including identifying gaps, defining roles, and managing appropriate team size.


You may be a fit for this role if you have:
  • 10+ years of relevant accounting experience, ideally with a mix of revenue accounting and public accounting; CPA license required.
  • Fluency in ASC 606 with a proven experience in managing complex revenue recognition processes, financial reporting, and audits, including a proven track record of designing processes to operationalize and scale technical revenue accounting conclusions for complex contracts.
  • Familiarity with crypto-specific revenue models (e.g., transaction fees, staking rewards) and accounting considerations.
  • Demonstrated ability to lead and develop high-performing teams and build effective relationships with cross-functional partners in a dynamic environment with multiple and changing priorities.
  • Strong analytical, problem-solving, and organizational skills with a high attention to detail.
  • Excellent written and oral communication skills and an ability to drive cross functional projects and influence cross functional stakeholders, including GTM organizations and engineering teams. 
  • Ability to break down large projects and processes into smaller tasks, accurately estimate their time and scope, articulate effectively the different options considered, and justify and define priorities.


Although not a requirement, bonus points if:
  • You’re proficient with NetSuite and revenue recognition software.
  • You have experience in the crypto, SaaS or technology industry.
  • You've kept up to date with the proliferation of blockchain and crypto innovations.
  • You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)


About Anchorage Digital: Who we are


The Anchorage Village, what we call our team, brings together the brightest minds from platform security, financial services, and distributed ledger technology to provide the building blocks that empower institutions to safely participate in  the evolving digital asset ecosystem. As a diverse team of more than 300 members, we are united in one common goal: building the future of finance by providing the foundation upon which value moves safely in the new global economy. 


Anchorage Digital is committed to being a welcoming and inclusive workplace for everyone, and we are intentional about making sure people feel respected, supported, and connected at work—regardless of who you are or where you come from. We value and celebrate our differences and we believe being open about who we are allows us to do the best work of our lives.

 

Anchorage Digital is an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. Anchorage Digital considers qualified applicants regardless of criminal histories, consistent with other legal requirements. “Anchorage Digital” refers to services that are offered either through Anchorage Digital Bank National Association, an OCC-chartered national trust bank, or Anchorage Lending CA, LLC a finance lender licensed by the California Department of Financial Protection and Innovation, License No. 60DBO-11976, or Anchorage Digital Singapore Pte Ltd, a Singapore private limited company, all wholly-owned subsidiaries of Anchor Labs, Inc., a Delaware corporation.


Protecting your privacy rights is important to Anchorage Digital, and we work to maintain the trust and confidence of our clients when handling personal or financial information. Please see our privacy policy notices here.

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CEO of Anchorage Digital
Anchorage Digital CEO photo
Diogo Mónica | Nathan McCauley
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To invent solutions for the future of capital

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Full-time, on-site
DATE POSTED
September 19, 2024

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