Full-Time
Sr. Revenue Accountant
Posted on 10/16/2024
Very Good Security
201-500 employees
Provides data security and compliance solutions
Senior
No H1B Sponsorship
Oakland, CA, USA
Hybrid position requiring in-office presence on Tuesday and Thursday.
- Bachelor’s degree in accounting, CPA track or CPA preferred
- 3-5 years’ progressive accounting experience, Public Accounting experience a plus
- Advanced working knowledge of US GAAP, knowledge of ASC606 is required
- 2-4 years of experience with NetSuite required
- 1-3 years of experience with Salesforce required
- Advanced MS Excel skills, including an ability to efficiently solve complex problems
- Successful track record in fast paced, high growth environments
- SaaS experience preferred
- Execution of timely and accurate monthly and annual financial close assignments including journal entries and account reconciliation(s)
- Thorough understanding and adherence to US GAAP rules and policy analysis, particularly ASC606
- Ownership of revenue recognition process & schedules
- Ensure invoices are being sent timely to customers per the signed contract terms
- Collect and apply customer payments in accordance with contract terms
- Identify issues attributed to account delinquency and discuss them with management
- Review, track and report open accounts for collections efforts
- Manage sending approved non paying customers to 3rd party collections
- Communicating with clients through outbound collection calls and email communication in a professional manner
- Partnering with Sales, Revops and Acct Management teams to understand resolved customer collection or revenue issues
- Collaborate with the Sr. Accounting manager and Sr. Accountant to help drive continuous process and system improvements, striving for efficiency, accuracy, compliance, and completeness
- Mentor junior team member on the collection and AR best practices
- Develop and maintain documentation for business processes and compliance related work
- Special projects and ad-hoc reporting and analysis, as required
Very Good Security provides a security infrastructure that helps businesses protect sensitive data, such as credit card information and social security numbers, while allowing them to focus on developing their products. Their main offerings include the VGS Vault for secure data storage and a Tokenization API that replaces sensitive data with unique symbols, ensuring that no actual data is stored in the event of a breach. This approach helps clients avoid vendor lock-in, reduce transaction fees, and increase transaction volumes. VGS serves a wide range of clients, from small startups to large corporations, and offers scalable pricing that starts free and adjusts as a client's security needs grow. The goal of VGS is to simplify data security and compliance for developers, enabling them to create products without the burden of managing sensitive data.
Company Stage
Series C
Total Funding
$100.7M
Headquarters
San Francisco, California
Founded
2015
6 month growth
↓ -1%1 year growth
↑ 11%2 year growth
↑ 54%
Simplify's Take
What believers are saying
- Growing demand for tokenization solutions boosts VGS's market potential.
- Partnerships with major fintechs expand VGS's reach in emerging markets.
- VGS's Payment Optimization suite reduces transaction fees and improves approval rates.
What critics are saying
- DOJ lawsuit against Visa may impact VGS's compliance requirements.
- Geopolitical risks in Africa and the Middle East could affect VGS's operations.
- Rapid growth may strain VGS's operational capabilities and security oversight.
What makes Very Good Security unique
- VGS offers a unique tokenization API for secure data redaction and revelation.
- Their scalable pricing model supports businesses from startups to large corporations.
- VGS's partnership with Onafriq enhances security for fintechs in Africa and the Middle East.
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