Senior Accountant

It's fun to work in a company where people truly BELIEVE in what they're doing!

Fullsteam is a leading provider of vertical software and embedded payments technology dedicated to helping businesses flourish by providing their customers with seamless experiences. With a dynamic and growing team of over 1,900 employees, we are committed to driving innovation and delivering best-in-class software and payment solutions that empower small and medium-sized businesses across numerous industries. Our purpose is to help our customers grow their businesses and delight their customers. Join us and be a part of a forward-thinking company that values growth, excellence, and the success of our clients.

The Fullsteam Accounting team is seeking a highly qualified candidate for our Senior Accountant with SAAS and month-end close experience and the ability to thrive in a high growth and fast-paced environment. This role is responsible for ensuring the billing/ revenue recognition and general ledgers are accurate for a group of our business units.

Candidate should be located in Canada, preferably in Toronto.

Primary Responsibilities:

• Ensure accurate and timely recognition of revenue and expenses in accordance with company policies and accounting standards.
• Reconcile revenue and expense data between different systems or sources, identifying and resolving discrepancies as needed.
• Partner with the billing specialist to ensure completeness and accuracy of transactions.
• Establish clear communication channels and workflows between revenue accounting team members to facilitate timely resolution of discrepancies.
• Conduct periodic training sessions for team members on revenue recognition and accrual accounting principles and related policies.
• Properly record reclass entries and accruals at the customer / vendor detail level, ensuring proper journal entry support is documented and saved appropriately.
• Effectively meet close deadlines on a consistent basis.
• Maintain a standardized documentation system for journal entries, including detailed descriptions and supporting documentation.
• Analyze revenue and expense data to identify discrepancies or variations in revenue and expenses, and investigate the underlying causes and provide explanations of variances.
• Review MoM or YoY variations, investigating underlying causes and providing explanations as necessary.
• Investigate and provide insights into discrepancies between billed amounts and recognized revenue.
• Maintain controls and processes to minimize the occurrence of discrepancies in the future.
• Monitor and reconcile deferred revenue accounts, ensuring proper recognition of revenue over time or upon fulfillment of contractual obligations.
• Own reconciliation process for assigned balance sheet accounts.
• Ensure all balance sheet accounts are in compliance with accounting policies and guidelines.
• Follow accounting principles on cash recognition, amortization, etc. and identify and implement process improvements to improve workflows.
• Assist external auditors during interim and annual audits by providing documentation, explanations, and support related to the business units financial transactions.
• Assist with audit compliance documentation as necessary.
• Reviewing cash weekly and following up with other teams as needed to ensure items are properly recorded.
• Recording prepaid expense and ensuring amortization schedules are set up properly.
• Collaborate cross- functionally with other departments and business units to facilitate relationships, resolve variances and drive process improvement initiatives.

Technical Skills and Knowledge:

• Revenue recognition expertise – understands and applies ASC 606 revenue recognition standards applicable to SaaS and Payments industry (fees, services) with understanding of billing vs. Revenue recognition principles.
• Proficient in GL accounting principles and practices.
• Strong knowledge and experience in balance sheet reconciliations.
• Capable of managing multiple revenue streams across assigned business units managing and reconciling SaaS subscription revenue, payments transaction revenue and deferred revenue schedules.
• Ability to develop and maintain controls for accounting and reporting accuracy.
• Ability to manage audit processes for internal and external audit needs including process documentation.
• Understanding of compliance and PCI compliance needs related to the fintech/payments industry.
• Background in Zuora and NetSuite for revenue and expense tracking and reporting.
• Advanced Microsoft Excel skills including visualization techniques to report data to multiple stakeholder groups.
• Understanding of automation tools to identify and implement process or workflow enhancements.
• Critical thinker who can analyze, identify and resolve discrepancies in records like misapplied payments or unbilled accounts.
• Analytical Capability and Attention to Detail – able to analyze accounting data, identify solutions and take corrective actions with attention to details for accounting records including supporting data, reconciliations and amortization schedules.

Financial Reporting:

• Skilled at analyzing revenue and expense data, identifying trends, discrepancies and process improvement needs.
• Understands and applies methodology for revenue metrics to ensure reporting is timely, accurate, error-free and informative as well as complying with regulatory and audit requirements.

Collaboration and Communication:

• Works to manage relationships across functions including sales, operations, accounting and billing to ensure alignment and accuracy through clear verbal communication and written documentation.
• Provides clear and interpretable reports in a consistent manner for stakeholder needs and decision making.
• Maintains a high level of service to all stakeholders both internally and externally.

Accountability:

• An achiever who takes ownership of responsibilities and understands the ethical needs of providing accurate and timely accounting data.
• Works collaboratively with team members to ensure departmental goals are achieved for monthly reporting needs.
• Is able to thrive in a mergers and acquisitions setting with new business unit responsibilities.
• Identifies challenges, proposes solutions and implements solutions to ensure resolution.
• Excellent analytical and problem-solving skills with attention to detail.
• Ability to prioritize and manage tasks in a fast-paced environment.
• Ability to work independently and collaboratively in a dynamic environment.

Minimum Qualifications:

• Bachelor's degree in Accounting, Finance, or related field; CPA certification is a plus.
• 5+ years of proven experience in accounting, finance, or related roles, with a strong focus on revenue recognition, general ledger accounting, and analysis.
• Strong understanding of revenue recognition principles and accounting standards (e.g., ASC 606).
• Understanding of US GAAP accounting.
• Proficiency in accounting software and ERP systems; NetSuite, Zuora, FloQast and Salesforce experience is a plus
• Corporate month end close process experience