Staff Accountant – Revenue Recognition

Job Description

Staff Accountant | Verge.io

The Tone:
This is a full-time role at Verge.io. Verge.io is at the forefront of transforming the virtualization landscape, developing VergeOS, an ultraconverged data center operating system. This innovative platform helps enterprises simplify their infrastructure, reduce costs, and streamline IT management by tightly integrating virtualization, storage, and networking into a single, high-performance solution. The Staff Accountant role is a critical position, seeking a detail-oriented professional to support the company’s core accounting operations, encompassing accounts payable, accounts receivable, and contract administration. This position also offers an excellent opportunity for an early-career accountant to gain broad-based experience and play a significant part in supporting revenue recognition processes under ASC 606 as Verge.io’s contract and licensing structures continue to evolve.

The TL;DR
• Role: Early Career
• Type: Full-time
• Mission: This person will manage essential accounts payable and receivable operations, support meticulous contract administration, and play a crucial role in the evolving revenue recognition processes for Verge.io.
• Tech Stack: Microsoft Excel, QuickBooks (or similar ERP systems), NetSuite (or similar ERP systems)

What You’ll Actually Do
• AP Management: Manage day-to-day accounts payable operations, encompassing invoice processing, accurate coding, securing necessary approvals, and executing payment runs.
• AR Oversight: Oversee comprehensive accounts receivable activities, which include customer invoicing, diligent cash application, generating aging reports, and conducting collections follow-up.
• Contract Support: Facilitate efficient contract management by maintaining the contract repository and meticulously tracking key terms such as renewal dates, pricing escalators, and payment terms.
• Revenue Accounting: Provide essential assistance with ASC 606 revenue recognition, involving the identification of performance obligations, maintaining deferred revenue schedules, and preparing related journal entries.
• Monthly Close Contribution: Support critical monthly close activities, contributing through the preparation of journal entries, accruals, and ensuring accurate account reconciliations.

The Must-Haves
• Background: Bachelor’s degree in Accounting, Finance, or a related field. This role is ideal for an early-career accountant.
• Experience: 1–3 years of relevant accounting experience.
• Skills: Demonstrated working knowledge of ASC 606 revenue recognition principles; Proficiency with Microsoft Excel; Strong attention to detail and organizational skills; Clear written and verbal communication skills; High level of integrity and discretion when handling financial and contractual information; Ability to manage multiple priorities and deadlines effectively.
• Bonus: Prior experience in public accounting or the SaaS/software industry is a plus; familiarity with accounting/ERP systems such as QuickBooks, NetSuite, or similar platforms is preferred.