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Manager, Revenue Accounting

Manager, Revenue Accounting

Komodo HealthPoughkeepsie, NY, US
2 days ago
Job type
  • Full-time
Job description

Manager, Revenue Accounting

We Breathe Life Into Data

At Komodo Health, our mission is to reduce the global burden of disease. We believe that smarter use of data is essential to this mission. That's why we built the Healthcare Map the industry's largest, most complete, precise view of the U.S. healthcare system by combining de-identified, real-world patient data with innovative algorithms and decades of clinical experience. The Healthcare Map serves as our foundation for a powerful suite of software applications, helping us answer healthcare's most complex questions for our partners. Across the healthcare ecosystem, we're helping our clients unlock critical insights to track detailed patient behaviors and treatment patterns, identify gaps in care, address unmet patient needs, and reduce the global burden of disease.

As we pursue these goals, it remains essential to us that we stay grounded in our values : be awesome, seek growth, deliver "wow," and enjoy the ride. At Komodo, you will be joining a team of ambitious, supportive Dragons with diverse backgrounds but a shared passion to deliver on our mission to reduce the burden of disease and enjoy the journey along the way.

The Opportunity at Komodo Health

We are the Technical Revenue Accounting team. We ensure the company's revenue is recognized accurately and on time, strictly following ASC 606 standards. Our work involves cross-functional collaboration with teams like Sales, Deal Desk, and Legal to analyze contracts, determine performance obligations, and manage the entire revenue lifecycle from contract execution to reporting. We are the central point for revenue recognition and the primary contact for revenue-related audit requests.

Looking back on your first 12 months at Komodo Health, you will have accomplished

  • A deep and comprehensive understanding of the company's business model, products, services, and core business processes, highlighted by a mastery of the quote-to-cash workflow from initial pricing to final payment collection.
  • Scalability and operational efficiency by streamlining core revenue processesincluding the implementation of automation and standardizationto support the company's projected growth.
  • Partnered cross-functionally with teams including Sales, Deal Desk, Operations, Revenue / Finance Systems, and FP&A to ensure accurate, complete, and timely revenue reporting.
  • Significantly strengthened ASC 606 technical revenue accounting knowledge, embraced new challenges, and achieved measurable personal and professional growth within the team.
  • Successfully identified and implemented AI-driven solutions to enhance team capacity and productivity, resulting in quantifiable new value for internal business partners.

These are the essential job duties you will be responsible for

  • Review and analyze complex customer contracts to evaluate and formally document revenue accounting treatment (based on the five-step model), ensuring strict compliance with U.S. GAAP (ASC 606) and established company accounting policies.
  • Partner with Sales and Deal Desk to provide essential guidance on ASC 606 to ensure appropriate identification of performance obligations and impacting terms, and coordinate with Operations and Professional Services to ensure the timely and accurate recognition of revenue.
  • Drive the timely and accurate completion of month-end and quarter-end financial closes under tight deadlines, ensuring seamless communication and coordination with Accounting, Financial Reporting, FP&A.
  • Support FP&A in the analysis of revenue performance against plan, and assist with the preparation of required ASC 606 financial statement disclosures and responses to external auditor inquiries.
  • Evaluate, automate, and streamline existing manual revenue processes to enhance efficiency, facilitate standardization, and improve the effectiveness of the monthly and quarterly revenue close cycle.
  • Contribute to ASC 606 compliance by assisting with annual assessments of Material Rights and Standalone Selling Price (SSP), and provide critical, time-sensitive ad-hoc financial analysis to support executive leadership and FP&A function.
  • Serve as a key liaison, working with Financial Systems, and external consultants, to drive the implementation and successful roll-out of a revenue automation platform.
  • What You Bring to Komodo Health (Required)

  • Bachelor's degree in Accounting or Finance.
  • 5+ years of hands-on, progressive ASC 606 revenue recognition accounting experience, including complex contract analysis and related financial statement disclosures.
  • Deep expertise in SaaS revenue accounting (ASC 606), including complex areas such as accounting for variable consideration, material rights, and contracts with customer opt-out clauses.
  • Leverage in-depth knowledge of the quote-to-cash cycle and ASC 606 principles to review complex customer contracts, identifying and analyzing revenue-impacting terms.
  • Proven ability to independently own projects, proactively forge collaborative cross-functional relationships, identify and apply critical problem-solving skills to resolve issues, and consistently deliver timely project results.
  • Experience with large-scale ERP and CRM systems (NetSuite, Salesforce) and dedicated revenue automation software (e.g., Zuora RevPro or equivalent) for managing complex ASC 606 revenue recognition.
  • Demonstrated intermediate to advanced proficiency in Microsoft Excel, including the ability to analyze large datasets, extract actionable business insights, and present findings clearly and concisely to stakeholders across all organizational levels.
  • Exceptional attention to detail and accuracy while maintaining strong interpersonal, verbal, and written communication skills for effective collaboration and stakeholder interaction.
  • Embrace and drive change in a dynamic, fast-paced environment, proactively identifying opportunities for continuous process improvement and fostering a growth mindset for personal and team development.
  • A highly resourceful and resilient team player with a positive attitude and a strong sense of accountability, committed to finding and implementing effective solutions.
  • Expectations of AI Use in This Role (Required)

  • Accelerate contract reviews by automatically extracting terms related to revenue, such as pricing, payment schedules, performance obligations, option pricing, and opt-outs / termination for convenience.
  • Automate the documentation of standard operating procedures (SOPs) and workflows for key revenue processes, ensuring they are consistently updated and readily available for audit / public company readiness, cross-training, and employee onboarding.
  • Research, interpret, and summarize relevant ASC 606 guidance for specific revenue arrangements.
  • Draft initial technical revenue accounting memos by extracting key facts from contracts and integrating the correct accounting guidance, presenting a clear, supportable position for human review and finalization.
  • Accurately summarize meeting transcripts or recordings, identifying and extracting all key decisions and action items with associated owners and deadlines.
  • Additional Skills and Experience We'd Prioritize (Nice to Have)

  • Private and / or smaller public company experience, during periods of rapid growth and organizational scaling.
  • Big 4 or national public accounting firm experience.
  • Initial Public Offering (IPO) process experience, including the preparation and execution phases.
  • Navigating and supporting a financial system implementation and / or a merger / acquisition.
  • AI experience, specifically identifying, scoping, and prioritizing use cases that align with strategic business goals, and implementing.
  • Strong knowledge of healthcare, life sciences, or pharmaceutical sectors.
  • CPA and / or Master's in Accounting or Finance is preferred, but not required.
  • The pay range for each job posting reflects a minimum and maximum range of annual base pay that we reasonably expect to pay for this position within the US. We carefully consider multiple business-related factors when determining compensation, including job-related skills, work experience, geographic work location, relevant training and certifications, business needs and market demands.

    The starting annual base pay for this role is listed below. This position may be eligible for performance-based bonuses as determined in the Company's sole discretion and in accordance with a written agreement or plan. This role may also be eligible for equity awards. In addition, this role is eligible for benefits including, but not limited to, comprehensive health, dental, and vision insurance; flexible time off and holidays; 401(k) with company match; disability insurance and life insurance; and leaves of absence in accordance with applicable state and local laws and regulations and company policy.

    San Francisco Bay Area and New York City :

    $134,000 - $182,000 USD

    All Other US Locations :

    $116,000 - $158,000 USD

    Komodo's AI Standard

    At Komodo, we're not just witnessing the AI revolution we're leading it. This is a pivotal moment in time, where being

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    Manager Revenue Accounting • Poughkeepsie, NY, US

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