Revenue Controller

Company: Symbotic
Location: Lynn
Posted on: September 15, 2023

Job Description:

Who we are

With its A.I.-powered robotic technology platform, Symbotic is changing the way consumer goods move through the supply chain. Intelligent software orchestrates advanced robots in a high-density, end-to-end system - reinventing warehouse automation for increased efficiency, speed and flexibility.

What we need

We are looking for a Revenue Controller to join our Finance team reporting to the VP, Finance & Controller. You will be responsible for all aspects of revenue accounting with primary emphasis on US GAAP compliance and managing revenue accounting in SAP Project Systems. Additionally, you will oversee and assess the nature of the transactions, and business practices to account for customer arrangements. In addition to monthly accounting and reporting of revenue, you will provide guidance for and implement process improvements, as well as identify revenue control risks and ensure effective implementation and documentation of revenue recognition.

What we do

The Finance organization is a critical financial business partner for our cross-functional business partners. Functions include General Accounting, Accounts Payable & Receivable, Internal Audit, FP&A. Your role will be a technical revenue contributor and a mentor on a growing team. Our Finance team is a trusted source for financial information for the Company and our partners, customers, suppliers, and stakeholders.

What you'll do

• Draw on your experience to ensure compliance with revenue recognition standards, including ASC 606.
• Review revenue contracts and ensure proper accounting treatment.
• Work closely with the technical team to research on revenue recognition topics and support preparation of accounting memos.
• Manage opening, maintenance and closing of customer projects in SAP Project Systems including creation of appropriate WBS structures.
• Collaborate with cross-functional teams to ensure revenue-related information is accurate and complete in SAP Project Systems including planned revenue and planned costs.
• Manage monthly, quarterly, and yearly financial close requirements around revenue recognition including coordinating with the accounting, billing, fulfillment, and project teams.
• Oversee the Unbilled Receivable, Deferred Revenue and Deferred Costs reporting for customer projects.
• Guide financial decisions by establishing, monitoring, and enforcing revenue related policies and procedures.
• Provide revenue recognition guidance and training to other business groups including Sales, Legal, and Operations.
• Develop and maintain revenue-related policies and procedures, including accounting memos and internal controls documentation to support compliance.
• Assist with coordination and preparation of the revenue related financial data utilized in the preparation and review of periodic SEC 10-Q and 10-K filings.
• Prepare and review SOX control activities related to revenue process.
• Serve as a main point of contact for the external auditors for revenue accounting and play a key role in ensuring the timely completion of the annual audit and quarterly review to meet external reporting deadlines.
• Coach junior team members in the team on their day-to-day activities and deliverables.
• Support ERP implementation.
• Work on process optimization and automation efforts to improve efficiency and effectiveness.
• Other responsibilities as assigned.
• Occasional travel may be required.
  
  What you'll need
  
  • BS degree in Accounting or Finance, or equivalent experience required.
  • Minimum of 10 years of revenue accounting experience with at least 3+ years of management of direct reports.
  • Strong knowledge of revenue recognition standard (ASC 606) especially overtime accounting model
  • Strong technical knowledge and experience with SAP project accounting module required and MS Office
  • Big 4 Accounting Firm experience preferred.
  • Demonstrated ability to handle multiple tasks and details effectively with the ability to manage non-negotiable timelines.
  • Effective time management skills, self- motivated, critical attention to detail and deadlines.
  • Ability to work well independently and in a team environment.
  • Ability to handle stress appropriately and interact well with others.
  • Understanding the implications of new information for both current and future problem-solving and decision-making.
  • Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
    
    About Symbotic
    
    Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, AI-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world's largest retail, wholesale, and food & beverage companies. Applying next-gen technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce the Symbotic platform transforms the flow of goods and the economics of supply chain for its customers. For more information, visit .
    
    We are a community of innovators, collaborators and pioneers who embrace our differences, because we know unique perspectives make us stronger and smarter. Every perspective matters. We depend on the collective voices of our employees, customers and community to help guide us as we build a better place to work - for you and the world. That's why we're proud to be an equal opportunity employer.
    
    We do not discriminate based on race, color, ethnicity, ancestry, religion, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, veteran status, or genetic information.

Keywords: Symbotic, Lynn , Revenue Controller, Accounting, Auditing , Lynn, Massachusetts