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Senior Revenue Accountant (U.S.)

Karat is the world's largest interviewing company, dedicated to helping organizations hire top engineering talent. The Senior Revenue Accountant will ensure revenue compliance and support financial initiatives.

Skills

  • Revenue accounting
  • Billing systems
  • Sage Intacct
  • Written and verbal communication
  • Organizational skills
  • Time management

Responsibilities

  • Own the day-to-day of the revenue accounting process, ensuring compliance with GAAP (ASC 606)
  • Review revenue contracts and agreements
  • Perform regular audits along the entire revenue stream
  • Work cross-functionally with various stakeholders to ensure accurate reporting
  • Perform invoicing and collection functions for the company
  • Participate in planning and implementing accounting systems

Education

  • Bachelor's degree in Accounting or related field

Benefits

  • Employer-sponsored healthcare (100% for employees, 75% for dependents)
  • Medical, Dental, Vision insurance
  • Short-Term and Long-Term Disability insurance
  • Flexible Savings Account
  • 401(k) match of 4%
  • Mental wellness support
  • Flexible vacation and sick leave policies
  • U.S. Parental Leave
To read the complete job description, please click on the ‘Apply’ button
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Average salary estimate

$90800 / YEARLY (est.)
min
max
$81600K
$100000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Revenue Accountant (U.S.), Karat

At Karat, we're not just the world's largest interviewing company; we're redefining the way organizations hire top engineering talent. As we continue to grow, we're looking for a passionate Senior Revenue Accountant to join our dynamic Accounting team in the Greater Chicago Area. In this role, you will become an integral part of ensuring that we maintain accurate and compliant finance practices across our operations. You'll dive deep into the revenue accounting process, ensuring everything aligns with GAAP (ASC 606). From reviewing revenue contracts and performing regular audits to collaborating with various stakeholders for seamless revenue reporting, your contribution will be vital. You’ll also manage invoicing and collection functions, and help implement critical business systems. If you have at least 7 years of accounting experience, particularly in revenue accounting and billing systems, and enjoy working in a fast-paced, team-oriented environment, you’ll thrive here. You’ll appreciate our employee benefits, including competitive salaries, stock options, and generous wellness support. Let’s unlock opportunity for everyone together here at Karat!

Frequently Asked Questions (FAQs) for Senior Revenue Accountant (U.S.) Role at Karat
What are the main responsibilities of a Senior Revenue Accountant at Karat?

A Senior Revenue Accountant at Karat is responsible for managing the revenue accounting process, ensuring compliance with GAAP (ASC 606). This includes reviewing contracts, conducting regular audits, collaborating with internal teams for accurate revenue reporting, and managing invoicing and collection systems.

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What qualifications are needed for the Senior Revenue Accountant role at Karat?

To qualify for the Senior Revenue Accountant role at Karat, candidates should have 7+ years of accounting experience, hands-on experience with revenue accounting and billing systems, and strong communication skills. Familiarity with Sage Intacct is preferred.

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Is the Senior Revenue Accountant position remote or in-person at Karat?

The Senior Revenue Accountant position at Karat is located in the Greater Chicago Area. While most work will predominantly occur during Central Time hours, some meetings may overlap with global timezones, indicating a collaborative work environment.

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What benefits does Karat provide for the Senior Revenue Accountant position?

Karat offers a competitive salary, stock options, employer-sponsored healthcare, flexible time off, mental wellness support, and a robust 401(k) matching program for the Senior Revenue Accountant position, ensuring a comprehensive benefits package for employees.

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What is the salary range for the Senior Revenue Accountant role at Karat?

The salary range for the Senior Revenue Accountant position at Karat spans from $81,600 to $100,000 USD, depending on various factors like experience, skills, and role complexity.

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Common Interview Questions for Senior Revenue Accountant (U.S.)
How do you ensure compliance with GAAP in revenue accounting?

In answering this question, share specific methods you employ to review revenue contracts, perform audits, and monitor compliance metrics, demonstrating your understanding of GAAP principles and their practical application in revenue recognition.

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Can you explain your experience with revenue recognition under ASC 606?

Discuss your understanding of ASC 606, including the core principles and how you've implemented them in your previous roles. Provide examples of how you’ve successfully recognized revenue according to this standard.

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Describe a time when you had to collaborate cross-functionally. How did you ensure effective communication?

Highlight a specific project where you worked with multiple departments, emphasizing your communication strategies, like using tools such as Slack and email, to facilitate discussions and resolve issues efficiently.

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What experience do you have with billing systems and processes?

Detail your hands-on experience with billing systems, citing particular software you've used and processes you’ve developed or improved, which will show your familiarity and competence in this area.

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How do you handle discrepancies in revenue reporting?

Explain your systematic approach to investigating discrepancies, including analysis methods you use to identify the source of issues, and your strategies for rectifying them through collaboration with concerned stakeholders.

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What strategies do you apply to manage multiple deadlines effectively?

Discuss your time management skills, emphasizing tools or techniques you've used to prioritize tasks and ensure deadlines are met, particularly in high-pressure environments typical of accounting roles.

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How do you stay updated with changes in accounting regulations?

Mention specific resources, courses, or professional organizations you engage with to stay informed about accounting updates. This demonstrates your commitment to continuous learning and professional development.

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Have you ever led a project related to revenue accounting? Can you share your approach?

Outline your experience leading projects, focusing on planning, execution, and results. Highlight your leadership style and how you incorporate feedback from team members.

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Why do you want to work at Karat as a Senior Revenue Accountant?

Articulate your motivations for wanting to join Karat. Share what excites you about the company’s mission and how your values align with theirs, emphasizing your eagerness to contribute to their success.

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Can you walk us through your experience with Sage Intacct?

Discuss your familiarity with Sage Intacct, detailing how you've used it for revenue accounting functions, your level of expertise with its features, and how it has benefited your previous teams.

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In the coming years, nearly 3 billion people will be impacted by interviews — that one simple step between talent and opportunity. Karat is there to ensure that every interview provides the opportunity for growth that all people deserve.

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FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$81,600/yr - $100,000/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
December 22, 2024

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