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Senior Revenue Accountant

ID:  2486
Function:  Finance

San Jose, CA, US

Organization & Role

LitePoint is seeking a Senior Revenue Accountant to lead revenue recognition operation. We are looking for someone that works well cross functionally and a creative problem solver with passion for innovation to join our team. This role is a high visibility position, collaborating across the organization to provide valuable information to make critical business decisions. You will provide technical revenue recognition guidance, analyze issues, communicate, and report revenue results.


  • Responsible for developing, maintaining, and enforcing the Company's revenue recognition policy. Research and develop new positions and interpretations as needed.
  • Be a subject matter expert in revenue recognition accounting and apply knowledge to guide contract negotiations and revenue transactions.
  • Review contracts and terms and conditions. Apply critical thinking to ensure proper revenue recognition in accordance to ASC 606, specifically on hardware/software.
  • Clearly articulates point of view regarding revenue issues and works with stakeholders to develop solution with transparency throughout all levels of the organization.
  • Develop and maintain deferred revenue model, supporting schedules and maintain revenue recognition memo.
  • Update long range deferred revenue forecast once a quarter and review current quarter deferred revenue forecast on a weekly basis.
  • Review of sales orders to ensure proper system transaction, review of billings for accuracy, review of revenue recognition methodology, with a continuous effort to ensure accuracy of revenue recognition.
  • Manage sales certification process. Review certifications and update sales certification log.
  • Lead revenue close process. Prepare journal entries and related account reconciliations while providing analysis for fluctuations.
  • Prepare and review of various revenue reports such as month-end deferred revenue reconciliations and other revenue reports as requested by management.
  • Prepare revenue-related supporting schedules for the preparation of the Company’s 10-Q and 10-K.
  • Own SOX compliance process for revenue-related controls.
  • Challenge the “status quo”. Lead process improvement initiatives to streamline revenue process as business expands and shorten the revenue close cycle.
  • Take on additional duties and ad-hoc projects and activities, including support of quarter close activities outside of revenue accounting.

Basic Qualifications & Skills

  • Bachelor’s degree in Accounting with 5 years of revenue recognition working experience. CPA a plus.
  • Strong understanding of the principles of revenue recognition under ASC 606, specifically on hardware/software.
  • Ability to research and understand technical details with ability to interpret and present in non-technical language.
  • Confident, good judgment, energy and personality to work in a dynamic environment cross functionally and across all levels of management.
  • Strong end-to-end process orientation with demonstrated analytical thinking, project management, and problem solving skills
  • Ability to manage multiple priorities
  • Flexibility to work under time constraints and deadlines
  • Must be meticulous, detail oriented, and organized
  • Strong interpersonal and communication skills
  • Ability to work independently yet cooperatively in a team environment
  • High proficiency in advanced MS Excel including Pivot Tables and V-Lookups
  • Strong working knowledge with ERP systems. Experience with MS Dynamics NAV a plus.

Nearest Major Market: San Jose
Nearest Secondary Market: Palo Alto

Job Segment: Revenue, Outside Sales, Accounting, ERP, Finance, Sales, Research, Technology