Full-Time
Senior Revenue Accountant
Confirmed live in the last 24 hours
OpenGov
501-1,000 employees
Cloud-based software for government organizations
Compensation Overview
$120k - $160kAnnually
Senior, Expert
Chicago, IL, USA
- BA degree in accounting required
- CPA preferred
- 5+ years of revenue experience in the SaaS software industry
- Prior experience with Netsuite ARM preferred
- Strong knowledge of revenue recognition standards, especially ASC 606
- Good understanding of financial statements and strong account reconciliation skills
- Chicagoland area preferred
- Review and analyze sales contracts to determine appropriate revenue recognition in accordance with GAAP ASC 606 and company policies.
- Prepare and maintain revenue schedules and journal entries in NetSuite, ensuring accuracy and completeness.
- Collaborate with the systems, sales, and legal teams to address revenue-related issues and provide guidance to ensure accounting compliance.
- Monitor and reconcile revenue-related accounts, investigating and resolving discrepancies as needed to ensure a smooth month-end close accounting process.
- Assist in the preparation of financial statements and NetSuite reports and support FP&A team by providing explanations on revenue flux.
- Support external audits by providing documentation and explanations related to revenue recognition.
- Identify opportunities for process improvement in revenue accounting procedures and support initiatives to implement enhancements.
- Partner with cross-functional teams to streamline workflows and optimize revenue recognition processes.
- Support M&A activities as it relates to revenue, including integration and documentation of processes.
OpenGov provides cloud-based software solutions tailored for the public sector, focusing on strategic budgeting, planning, permitting, licensing, and code enforcement. Their tools help government organizations transition from paper-based processes to digital workflows, significantly reducing the time and resources needed for tasks like budget creation, which can be completed in half the usual time. OpenGov stands out in the government technology market by addressing the specific challenges faced by local governments, such as outdated systems and the need for transparency. Their software enables government leaders to analyze data effectively, recognize trends, and connect strategic goals with performance outcomes. The company operates on a subscription-based model, ensuring a consistent revenue stream while supporting local governments in modernizing their operations.
Company Stage
M&A
Total Funding
$2B
Headquarters
Redwood City, California
Founded
2012
6 month growth
↑ 7%1 year growth
↑ 10%2 year growth
↑ 62%
Simplify's Take
What believers are saying
- OpenGov's SaaS model ensures a steady stream of recurring revenue, providing financial stability and enabling continuous innovation.
- The company's strategic acquisitions and partnerships, such as with Cox Enterprises, enhance its market position and expand its product offerings.
- OpenGov's solutions significantly improve efficiency and transparency for local governments, making it an attractive choice for public sector clients.
What critics are saying
- The public sector's slow adoption of new technologies could hinder OpenGov's growth and market penetration.
- Dependence on government contracts may expose OpenGov to political and budgetary fluctuations, impacting revenue stability.
What makes OpenGov unique
- OpenGov's deep expertise in the public sector, with over 500 years of collective experience, sets it apart from competitors who may lack such specialized knowledge.
- Their comprehensive suite of cloud-based solutions specifically tailored for government needs, such as strategic budgeting and permitting, offers a significant advantage over more generalized software providers.
- The recent acquisition of iGovServices expands OpenGov's capabilities into tax and revenue management, further differentiating its product offerings.
Benefits
Competitive Salary
Work from Anywhere
Unlimited Vacation
Mission-Driven Colleagues
World-Class Healthcare
Professional Development
Family Matters
Amazing Customers