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Full-Time

Manager of Accounting

Vendor Reconciliation

Posted on 7/17/2024

Pax8

Pax8

1,001-5,000 employees

Cloud marketplace for IT service providers

Enterprise Software
Education

Compensation Overview

$105kAnnually

Mid, Senior

United States

Hybrid and remote work options available.

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Required Skills
NetSuite
Power BI
Data Analysis
Requirements
  • At least four (4) years of progressive accounting experience with revenue accounting experience preferred.
  • At least two (2) years of experience in data analysis across large-volume data sets with the ability to interpret and identify discrepancies and trends.
  • Working knowledge of ASC 606 to communicate identified reconciliation discrepancies back to the accounting team for proper financial treatment.
  • Strong Excel proficiency and experience with complex excel formulas and macros for data manipulation and analysis.
  • Familiarity with data visualization tools (i.e., PowerBI).
  • Previous experience with NetSuite or other enterprise ERP systems.
  • Ability to manage multiple reconciliation projects simultaneously, prioritize tasks effectively, and meet deadlines in a fast-paced environment.
  • Effective communication is crucial for explaining financial discrepancies, collaborating with stakeholders, and presenting reconciliation results to leadership. This includes both written and verbal communication skills.
  • Exceptional analytical, strategic, planning, organization, and time management skills to effectively execute project plans.
  • Possesses strong business acumen with the ability to think from an overall “best for the business” perspective.
  • Demonstrates initiative and is results oriented.
  • Manages competing priorities across multiple functional areas.
  • Ability to adapt approach and demeanor in real time to match the shifting demands of different situations.
  • Ability to take a broad view when approaching issues using a global lens.
  • Ability to be self-motivated and independent.
  • B.A./B.S. in a related field (e.g., Finance, Accounting, Economics, Data Science) or equivalent work experience.
  • CPA license or MBA is a plus.
Responsibilities
  • Provide and interpret detailed revenue and cost transaction detail used to calculate monthly revenue and COGS to the Marketplace Reconciliation team for analysis.
  • Serve as a liaison between the Marketplace Reconciliation team and the global Accounting team to ensure alignment on accurate and timely financial reporting involving reconciliation discrepancies.
  • Interpret vendor reconciliation findings with the global Accounting team during the financial close and review process.
  • Assist with establishing robust reconciliation controls and procedures to mitigate financial risk and ensure compliance with regulatory requirements.
  • Provide reporting to quantify financial impact of reconciliation findings, as well as track and report on the resolution.
  • Track key performance indicators (KPIs) related to reconciliation accuracy, financial impact, and resolution of outstanding reconciliation discrepancies.
  • Leverage technology and best practices to automate repetitive processes while improving accuracy and efficiency.
  • Assist the Marketplace Reconciliation team in analyzing reconciliation data to generate actionable insights and prepare comprehensive reports for management review and decision-making.
  • Support internal and external reconciliation efforts by providing necessary documentation and data.
  • Collaborate with global internal stakeholders, including Marketplace Reconciliation team, Sales, and Vendor teams, to foster continued business maturity, financial accuracy, and enable recovery of potential lost revenue.
  • Develop and implement sustainable reconciliation practices to maintain the integrity of financial statements.
  • Contribute to projects focused on developing long-term, product-based reconciliation solutions.

Pax8 operates a cloud marketplace that connects businesses with a variety of cloud-based solutions, including software and infrastructure services from major vendors like Amazon Web Services and Microsoft. Clients such as IT service providers, managed service providers (MSPs), and value-added resellers (VARs) use Pax8's platform to access these solutions and enhance their service offerings. The marketplace not only provides cloud solutions but also includes educational resources like the Pax8 Academy, which helps clients understand and utilize cloud technology effectively. Unlike many competitors, Pax8 emphasizes building a collaborative ecosystem where partners and vendors can work together, offering insights and coaching to help businesses grow. The company's goal is to empower its clients by providing the tools and knowledge they need to succeed in the cloud computing market, generating revenue through subscription fees and sales of cloud services.

Company Stage

N/A

Total Funding

$395.5M

Headquarters

Greenwood Village, Colorado

Founded

2011

Growth & Insights
Headcount

6 month growth

0%

1 year growth

7%

2 year growth

32%
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Simplify's Take

What believers are saying

  • Winning the 2024 Microsoft Americas Partner of the Year Award highlights Pax8's strong industry reputation and potential for continued growth.
  • The appointment of a Chief AI Officer and the launch of an AI-enabled marketplace demonstrate Pax8's commitment to innovation and staying ahead of technological trends.
  • Partnerships with companies like Exium and FlexPoint provide MSPs with advanced tools for cybersecurity and financial management, enhancing operational efficiency and client satisfaction.

What critics are saying

  • The rapidly evolving cloud services market requires constant innovation, and Pax8 must continuously update its offerings to stay competitive.
  • Dependence on partnerships for advanced features could pose risks if these partnerships dissolve or fail to deliver expected benefits.

What makes Pax8 unique

  • Pax8's marketplace uniquely combines cloud solutions with educational resources and support, setting it apart from competitors who primarily focus on product offerings.
  • The Pax8 Academy provides specialized cloud-based education, ensuring clients are well-equipped to navigate cloud technology, a feature not commonly found in other cloud marketplaces.
  • Strategic partnerships with companies like Exium and FlexPoint enhance Pax8's platform by integrating advanced cybersecurity and automated billing solutions, offering a more comprehensive service to MSPs.

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Benefits

Medical, dental, and vision (most plans covered at 100%)

Employee Assistance Program

Paid holidays and Extended Holiday Program

Flexible vacation and paid sick time

Military, parental, and family care leave

401(k) with company match

Bonus program

Employer-paid life insurance, short-term, and long-term disability

Home-office allowance

Transportation benefits

Pet adoption reimbursement

INACTIVE