Full-Time

Revenue Accounting & Operations Director

Posted on 7/9/2024

MasterClass

MasterClass

501-1,000 employees

Subscription-based platform for expert-led classes

Education
Consumer Goods

Compensation Overview

$188k - $200kAnnually

Senior

San Francisco, CA, USA

Category
Cost Accounting
Financial Accounting
Financial Analysis
Accounting
Requirements
  • Experience implementing and operationalizing revenue systems and reporting
  • Strong ASC 606 accounting background and experience
  • Highly analytical mind-set with a strong attention to detail
  • Desire to continually improve existing processes providing improved visibility to the business
  • Passionate curiosity about the business
Responsibilities
  • Responsible for the resources and timelines related to the month and quarter end revenue process, ensuring that the revenue related data is accurate and provided timely for the financial close process
  • Provide guidance and conduct research related to revenue recognition items under ASC 606
  • Drive process improvements and automation initiatives to enhance accuracy and efficiency
  • Work cross functionally across MasterClass to support the implementation of new revenue products from an operational and technical perspective
  • Support the Company’s annual financial external audit by providing accurate revenue support and educating the Company’s auditors on the Company’s revenue process and stance on technical revenue items
  • Utilize and help maintain the Company’s tool for revenue recognition related to B2C and B2B revenue

MasterClass offers a subscription-based streaming platform that allows users to access a variety of classes taught by experts in different fields, including Arts & Entertainment, Business, Design & Style, Sports & Gaming, and Writing. Each class typically consists of around 20 video lessons, each lasting about 10 minutes, enabling learners to progress at their own pace. The platform enhances the learning experience with high-quality visuals and practical demonstrations, along with downloadable workbooks to support the lessons. Unlike many other educational platforms, MasterClass focuses on providing insights from renowned professionals, making it appealing to those who want to learn from the best. The goal of MasterClass is to cater to a global audience of lifelong learners and enthusiasts by offering diverse subjects through an accessible and engaging format.

Company Stage

Series F

Total Funding

$448.8M

Headquarters

San Francisco, California

Founded

2015

Growth & Insights
Headcount

6 month growth

0%

1 year growth

1%

2 year growth

-3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in niche courses like sports betting aligns with MasterClass's offerings.
  • Rising popularity of short-form video content matches MasterClass's 10-minute lesson format.
  • Collaboration with high-profile experts enhances brand credibility and attracts diverse audiences.

What critics are saying

  • Increased competition from free content on platforms like YouTube may affect subscriptions.
  • Economic downturns may lead to reduced spending on non-essential services like MasterClass.
  • The rise of AI-generated content could impact the perceived value of human-taught classes.

What makes MasterClass unique

  • MasterClass offers classes taught by world-renowned experts, enhancing its credibility.
  • The platform provides cinematic visuals and hands-on demonstrations for an immersive learning experience.
  • MasterClass covers a wide range of subjects, appealing to diverse interests.

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