Revenue Assurance Manager

As a Revenue Assurance Manager at Databricks, you will play a key role by advising the Sales team on complex accounting and finance compliance issues during contract negotiations. Your responsibilities will include reviewing customer contracts to determine proper revenue recognition as per ASC 606 guidelines, preparing technical accounting memos, and leading initiatives that ensure we meet our strategic growth goals while maintaining compliance.

At Databricks, the ideal candidate for the Revenue Assurance Manager role should have a Bachelor’s degree with an emphasis in Business, Finance, or Accounting, and a CPA is considered a plus. General experience required for this position is at least five years in public or corporate accounting, with at least three years focusing on revenue recognition and experience working closely with Sales on complex deals.

The Revenue Assurance Manager at Databricks contributes to compliance by reviewing new and existing customer contracts and applying ASC 606 revenue recognition principles. You'll also participate in internal and external audits and work towards optimizing processes to maintain a SOX-compliant control environment, ensuring that all deals are structured successfully in accordance with company policies.

A Revenue Assurance Manager at Databricks should have strong spreadsheet skills, particularly with V-lookups and pivot tables, as these are essential for analyzing deal metrics and revenue reporting. Excellent communication and presentation skills are also critical for effectively collaborating with cross-functional teams and senior management.

At Databricks, a Revenue Assurance Manager can expect a fulfilling career trajectory with opportunities to advance to senior management or other leadership roles within the finance or operational departments. As you gain experience and further hone your skills, there are likely possibilities for involvement in broader strategic initiatives within the organization.

ASC 606 is critical for a Revenue Assurance Manager because it sets the framework for revenue recognition which ensures that the company's financial statements are accurate. When discussing this in an interview, you should highlight how a thorough understanding of these principles can help in structuring contracts that maximize revenue while ensuring compliance.

In such a situation, it's important to communicate the issues to the sales team clearly and swiftly. Explain the revenue recognition guidelines they need to comply with and offer constructive solutions or alternatives that could be considered. This shows your problem-solving skills and your ability to maintain team dynamics.

When answering this question, share your experiences preparing financial reports, addressing specific software or tools you utilized. Highlight your ability to analyze data and present findings that impact business decisions effectively.

You can discuss specific methodologies you've employed in the past, such as mapping the current process, identifying bottlenecks, and implementing best practices. Emphasize the importance of stakeholder engagement and cross-team collaboration in introducing any new strategies.

You should mention methods such as continuing education through seminars, webinars, or professional certifications. Engaging with professional accounting organizations or utilizing networking opportunities with peers in the industry can also be important aspects to include.

Provide an example detailing a specific challenge you faced, how you communicated with the Sales team, and the outcome. Reflect on how your advice led to a win-win situation for both departments and improved compliance across the board.

Discuss your systematic approach when writing memos, such as conducting thorough research, structuring the memo clearly, and ensuring that all necessary details are included and easy to understand, making it functional for stakeholders across departments.

Talk about your organizational skills and methodologies for task prioritization, such as utilizing project management tools or time-management strategies. Explain how balancing prioritization against deadlines ensures timely revenue recognition.

Your answer should reflect any relevant experience ensuring revenue processes are compliant with SOX regulations, focusing on internal controls and how they ensure accurate revenue reporting. Mention specific practices you would advocate to maintain compliance in the role.

This is a chance to express your enthusiasm for Databricks' mission and your belief that your skills align perfectly with the company's goals. Highlight the innovative culture at Databricks and your eagerness to contribute to its vision of unifying data, analytics, and AI.