Revenue Accounting Manager - ID.me
McLean, VA
About the Job
Company Overview
ID.me is a high-growth enterprise software company that simplifies how people prove and share their identity online. The company empowers people to control their data through a portable and trusted login, which means they don't need to create a new password when visiting sites that have the ID.me button. ID.me's digital identity network has over 117 million registered members, and is used by fourteen federal agencies, agencies in 30 states and over 600 corporations for secure identity proofing and verification.
ID.me's technology meets the federal standards for consumer authentication set by the Commerce Department and is approved as a NIST 800-63-3 IAL2 / AAL2 credential service provider by the Kantara Initiative. In addition to helping people control their credentials and data, the company's "No Identity Left Behind" initiative strives to expand digital access and inclusion for all people. The company offers multiple pathways to identity verification – online self-serve, live video chat agents, and in person. ID.me is passionate about building a robust identity network that does not compromise access for traditionally underserved groups.
ID.me has received numerous awards including Deloitte's 2023 Technology Fast 500, Washington Business Journal's Fastest Growing Companies, Entrepreneur Magazine's 100 Brilliant Companies and Wall Street Journal's Startup of the Year finalist. In recent quarters, ID.me announced it raised $132 million in Series D funding, led by Viking Global Investors with participation from CapitalG, Morgan Stanley Counterpoint, FTV Capital, PSP Growth, Auctus Investment Group, Moonshots Capital, and Scout Ventures. ID.me's most recent round brings the total investment in ID.me to over $275 million since its founding in 2010.
Responsibilities
The Revenue Accounting Manager will be responsible for supporting the Company's day-to-day revenue accounting operations by ASC 606. The ideal candidate will have experience processing monthly revenue, deferred revenue, and accounts receivable journal entries, account reconciliations, monthly fluctuation analyses, and partnering cross-functionally as an expert in revenue accounting. This position will report to the Director of Revenue and will be expected to work cross-functionally & build relationships across multiple departments.
- Review customer contracts & Salesforce opportunities for completeness and accuracy to determine appropriate revenue recognition by GAAP / ASC 606 and lead the preparation of accounting memos supporting revenue positions.
- Manage segments of the month-end revenue close process, including creating journal entries and reconciliations, maintaining deferred revenue and revenue by customer/vertical schedules, and conducting MoM flux analyses.
- Provide insight and leadership, driving continual process improvements for scalability to meet the requirements of a pre-IPO company.
- Support maintaining ASC 606 revenue sub-ledger, including subscription, professional services, and billing sub-ledgers.
- Assist with on-going projects for streamlining and automating the revenue recognition and month-end close processes.
- Partner with the Sales and Revenue Operations teams to comply with internal policies.
- Conduct periodic reviews and assessments of revenue recognition processes and controls, identifying areas for improvement and implementing solutions to enhance efficiency and effectiveness.
- Support external audits by providing documentation and explanations related to revenue recognition, deferred revenue, and accounts receivable.
- As needed, provide ad hoc analysis and support for general financial operations to support business and any other special projects.
Required Qualifications
- Bachelor's degree in Accounting or Finance
- 4+ years of Big 4 (or similar) public accounting experience
- Experience with SaaS revenue transactions and adhering to ASC 606 accounting guidance
- Advanced Excel capabilities & the ability to work with, manipulate & organize large data sets
- Strong accountability, organization, and attention to detail
- Self-motivated with the ability to work independently and thrive while also contributing to team KPIs and objectives
- Ability to effectively operate in a fast-paced environment and adapt to change
- Strong interpersonal, communication, and messaging skills
- CPA preferred
- Experience with the high-growth SaaS/Technology industry
- Excellent knowledge of financial systems (ERP, NetSuite, NetSuite ARM, Salesforce)
- Experience scaling revenue and accounts receivable operations
The annual base salary listed below for this role is based on experience, skills, education, relevant training and geographic location. Company bonus, incentive for sales roles, equity, and benefits are available depending on the role.
ID.me offers comprehensive medical, dental, vision, health savings account, flexible spending accounts (medical, limited purpose, dependent care, commuter benefit accounts), basic and voluntary life and AD&D insurance, 401(k) with company match, parental leave, ability to participate in unlimited paid time off subject to the terms and conditions of the PTO policy, including 8 company wide holidays, short and long-term disability insurance, accident and critical illness insurance, referral bonus policy, employee assistance program, pet insurance, travel assistant program, wellbeing and childcare discounts, benefit advocates, and a learning and development benefit.
The above represents the anticipated total rewards package for this job requisition. Final offers may vary from the amount listed based on qualifications, professional experiences, skills, education, relevant training, geographic location, and other job related factors.
ID.me maintains a work environment free from discrimination, where employees are treated with dignity and respect. All ID.me employees share in the responsibility for fulfilling our commitment to equal employment opportunity. ID.me does not discriminate against any employee or applicant on the basis of age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances. ID.me adheres to these principles in all aspects of employment, including recruitment, hiring, training, compensation, promotion, benefits, social and recreational programs, and discipline. In addition, ID.me's policy is to provide reasonable accommodation to qualified employees who have protected disabilities to the extent required by applicable laws, regulations and ordinances where a particular employee works. Upon request we will provide you with more information about such accommodations.
Please review our Privacy Policy, including our CCPA policy, atid.me/privacy. If you provide ID.me with any personally identifiable information you confirm that you have read and agree to be bound by the terms and conditions set out in our Privacy Policy.
ID.me participates in E-Verify.