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Full-Time

Senior Manager

Revenue Accounting

Posted on 9/5/2024

Lyft

Lyft

10,001+ employees

Ride-sharing platform connecting drivers and passengers

Automotive & Transportation

Compensation Overview

$152k - $210kAnnually

+ Equity Offering + Bonus

Expert

San Francisco, CA, USA

Category
Financial Accounting
Management Accounting
Accounting
Required Skills
SQL
Oracle
Requirements
  • BS in Accounting/Finance, CPA license preferred
  • 10+ years in Accounting, including Big 4 experience
  • Experience managing teams, setting goals and strategies, developing team roadmaps, and mentoring direct reports
  • Experience with SOX, internal controls, and working in a public market company environment preferred
  • Experience working with engineering, data, and other technical teams preferred
  • Experience working with large data sets with SQL and Mode Reporting preferred
  • Strong organizational, verbal, and written communication skills
  • Strong accounting research and problem-solving skills with a focus on revenue recognition
  • Extensive knowledge of ASC 606 revenue accounting guidance
  • Highly detail-oriented and able to multitask
  • Strong quantitative and qualitative analytical skills – must have significant experience in Microsoft and Google applications; Oracle is strongly preferred
  • Able to operate independently and as part of a larger functional team
  • Ability to build cross-functional relationships, deadline driven, and take initiative to drive results
  • Ability to lead a team in a dynamic environment, managing multiple and changing priorities with ability to understand issues, demonstrate resourcefulness and proactively resolve problems while consistently meeting deadlines
Responsibilities
  • Own the critical and highly visible accounting processes around Revenue and deliver accurate financial results in a high-growth, fast-paced environment
  • Join a dynamic and highly collaborative accounting organization and play a critical role in overseeing the Revenue accounting function, strategizing and implementing process improvements, and scaling the revenue accounting close process
  • Provide leadership to a team through strategic planning and develop direct reports
  • Regularly work cross functionally with other teams, such as Financial Systems, FP&A, Financial reporting, Technical Accounting, Data team, and Accounts Receivables to ensure timely and accurate reporting
  • Lead the monthly, quarterly and annual revenue accounting close process, and manage day-to-day revenue accounting operations
  • Ensure compliance with revenue accounting policies, procedures and SOX controls through detailed review of journal entries, account reconciliations, key controls and flux analysis
  • Play a key role in our quarterly and annual review and audit process, including managing key deliverables to internal and external auditors
  • Research on unusual/complex revenue transactions for appropriate revenue accounting treatment and document key revenue conclusions in a memo in compliance with ASC 606
  • Assess potential business changes for impact and compliance objectives for SOX related to your areas of responsibility
  • Responsible for identifying and implementing process and system improvements with the goal of decreasing days to close, while also improving team efficiency and scalability
  • Assess new product offerings for technical revenue considerations and work cross-functionally to operationalize within accounting processes
  • Lead/support ad hoc projects

Lyft connects passengers with drivers through a mobile app, primarily serving urban commuters, students, and tourists in the United States and Canada. The platform offers various ride options, including standard, luxury, and shared rides, catering to different customer preferences. Drivers use their own vehicles to provide services, and Lyft earns revenue by taking a commission from each ride fare. In addition to car rides, Lyft also provides bike and scooter rentals, and has a subscription service called Lyft Pink that offers benefits for a monthly fee. The company emphasizes safety and community guidelines to ensure a secure experience for users, while also supporting drivers with flexible payment options. Lyft's goal is to provide reliable transportation solutions while exploring self-driving technology and maintaining a diverse revenue stream.

Company Stage

IPO

Total Funding

$4.8B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

2%

1 year growth

4%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Lyft's exploration of self-driving technology positions it at the forefront of innovation in the transportation sector.
  • The company's flexible payment options attract a diverse range of drivers, enhancing its service availability and reliability.
  • Strategic partnerships, such as those with Babyscripts and the NAACP, expand Lyft's market reach and social impact.

What critics are saying

  • The ongoing legal challenges regarding the classification of drivers as independent contractors could result in increased operational costs and regulatory scrutiny.
  • Intense competition from rivals like Uber may pressure Lyft's market share and profitability.

What makes Lyft unique

  • Lyft's diversified revenue streams, including bike and scooter rentals, advertising, and subscription services, set it apart from competitors who primarily focus on ride-sharing.
  • The company's emphasis on safety and community guidelines ensures a secure experience for both drivers and passengers, which is a significant competitive advantage.
  • Lyft's partnerships with organizations like the EAS Carpenters union and Babyscripts highlight its commitment to social impact and community engagement.