Full-Time
Revenue Accounting Manager
Confirmed live in the last 24 hours
Bestow
201-500 employees
Digital platform for life insurance solutions
Compensation Overview
$100k - $150kAnnually
Senior
United States
Hybrid workplace available for employees in the contiguous 48 states.
- CPA with 5+ years of accounting experience, public company or fast-growing environment preferred
- Proficiency in SaaS revenue accounting under U.S. GAAP.
- Demonstrated leadership, including in mentoring teams.
- Experience with implementing processes and systems related to revenue operations and accounting
- Excellent communication and project management skills
- Lead monthly revenue close process. Oversee reconciliations of revenue-related accounts and ensure GAAP-compliant financial reporting.
- Stay current on revenue recognition guidance and compliance
- Serve as a partner to our cross-functional teams, including Sales, Revenue Operations, Legal, and Strategic Finance
- Provide education and guidance in contract negotiations to enable strategic decision-making while addressing financial and accounting considerations.
- Review customer contracts and ensure timely and accurate invoicing and revenue accounting in line with ASC 606.
- Analyze large and complex revenue transactions and provide appropriate revenue guidance.
- Develop and maintain revenue policies and process documentation
- Establish internal controls over revenue processes and financial reporting.
- Support revenue compliance requirements, including the SOC1 and financial statement audits and tax compliance.
- Drive continuous improvement in our revenue accounting operations and systems.
Bestow offers a digital platform for purchasing life insurance, focusing on making the process quick and easy for individuals. Their technology streamlines the application process using advanced underwriting methods, allowing customers to receive instant decisions on their coverage. Bestow's software manages the entire insurance lifecycle, which helps reduce costs and enables the company to introduce new products efficiently. Additionally, Bestow utilizes data solutions to enhance customer data for better marketing strategies and audience targeting. Unlike traditional insurance companies, Bestow prioritizes a user-friendly experience and affordability, with coverage starting at $11 per month. The company's goal is to provide accessible life insurance while maintaining high customer satisfaction, as evidenced by their excellent ratings and positive customer feedback.
Company Stage
Series C
Total Funding
$133.7M
Headquarters
Dallas, Texas
Founded
2017
6 month growth
↓ -15%1 year growth
↓ -18%2 year growth
↓ -22%
Simplify's Take
What believers are saying
- The acquisition by Sammons Financial Group could provide Bestow with additional resources and stability for growth.
- Partnerships with major players like Transamerica enhance Bestow's market reach and technological capabilities.
- Recognition as a top workplace in financial services and insurance highlights a positive company culture and employee satisfaction.
What critics are saying
- Layoffs and partner challenges indicate potential instability and strategic misalignment within the company.
- The competitive landscape of digital life insurance is fierce, with new entrants and traditional insurers enhancing their digital offerings.
What makes Bestow unique
- Bestow leverages advanced underwriting technology to expedite the insurance application process, offering instant decisions, unlike traditional insurers.
- Their data-driven approach to audience segmentation and marketing optimization sets them apart in the life insurance industry.
- Bestow's digital platform simplifies the entire insurance lifecycle, from origination to administration, providing a seamless user experience.
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Benefits
Competitive salary
Equity
Annual bonus based on company and individual performance
Flexible PTO plan
Medical, dental, & vision insurance
Paid parental leave
Annual lifestyle spending account
Flexible work-from-home policy
Learning & development opportunities