Senior Accounts Receivable (A/R) Accountant

The ideal Senior Accounts Receivable (A/R) Accountant is meticulous with a strong understanding of SaaS revenue recognition, billing cycles, and the ability to manage the full accounts receivable lifecycle. This position will play a key role in ensuring accurate financial reporting, maintaining healthy cash flow, and collaborating with various teams to optimize A/R processes.

Key Responsibilities:

• Accounts Receivable Management:
  • Ensuring the timely and accurate billing of customers for subscription services
  • Manage invoicing, payment processing, and collections for all customers.
  • Reconcile customer accounts and resolve discrepancies promptly
• Revenue Recognition:
  • Ensure proper accounting of deferred revenue -Recognize revenue according to the company’s subscription terms.                                                                                                                                                               
  • Ensure compliance with the company’s revenue recognition policies, including ASC 606

• Billing & Subscription Management:
  • Monitor and manage customer contracts and subscription terms, ensuring billing is completed in accordance with agreed-upon terms.
  • Perform routine audits to ensure accuracy in customer billing, subscription renewals, and adjustments.
• Cash Application & Payment Processing:
  • Oversee the timely application of customer payments to their respective invoices.
  • Process ACH, wire, and credit card payments, ensuring the correct application of payments to the appropriate accounts.
• Aging & Collections:
  • Monitor accounts receivable aging reports and follow up with customers on overdue balances.
  • Assist in developing and implementing effective collections strategies to reduce A/R aging.
• Reporting & Reconciliation:
  • Prepare and present monthly, quarterly, and annual accounts receivable and aging reports to senior management.
  • Assist in month-end and year-end closing processes, ensuring that all A/R entries are accurately recorded in the general ledger.
• Audit Support
  • Prepare and assist during audits by ensuring that accounts receivable documentation is complete and organized.
  • Respond to audit inquiries related to customer receipts, contracts, and general financial data.
• Collaboration:
  • Work cross-functionally with sales, customer success teams to resolve billing issues and improve the overall customer experience.
  • Assist in streamlining and automating A/R processes to improve efficiency and reduce manual errors.
• Process Improvement:
  • Identify opportunities for process improvements within the A/R function to enhance operational efficiency, reduce aging balances, and improve cash flow management.

Qualifications:

• Education:
  Bachelor’s degree in Accounting, Finance, or a related field.
• Experience:
  • 5+ years of experience in A/R, with a preference for 2+ years of experience in a SaaS or subscription-based business model.
  • Strong understanding of SaaS billing and revenue recognition principles (e.g., ASC 606).
  • Proven experience in managing complex billing cycles, recurring revenue and contract management.
• Skills:
  • Proficient in accounting software (e.g., Sage Intacct, Rippling, Bill.com) and MS Excel.
  • Strong analytical skills and attention to detail.
  • Excellent communication skills, both written and verbal.
  • Ability to work in a challenging environment and manage multiple priorities.
• Certifications (Optional): CPA or equivalent certification is a plus but not required.

Key Attributes:

• Highly organized and proactive with a strong sense of ownership.
• Ability to work in a fast-paced, dynamic environment while managing competing priorities.
• Strong problem-solving skills and the ability to troubleshoot payment discrepancies.
• Collaborative mindset, with the ability to build effective cross-functional relationships.

Compensation: $80,000 - $90,000 plus a potential 5% bonus