Revenue Accounting Manager
Palantir Technologies
Accounting & Finance
London, UK
The Role
The Finance Team supports and empowers Palantirians through both day-to-day operations and a solution-oriented approach to problem solving. As a member of the Revenue Team, you will be responsible for guiding your customer and deal portfolio through the quote-to-cash process, analysing and reviewing complex revenue transactions, as well as continually refining our revenue recognition policies. You will need to be able to articulate revenue guidance clearly while supporting the legal and deal team on contract drafting to maximise revenue. You will also provide direction on technical revenue accounting issues and be able to explain the accounting impact to the internal stakeholders across various teams including Business Development/Sales, Legal, and Finance during the contract negotiation process. You will work closely with Sales, Finance, and Accounts Receivable teams to ensure the health of your portfolio and participate in global month/quarter-end revenue close.
You are a hands-on self-starter who loves to collaborate, and who is always looking to improve upon the status quo. The position requires strong technical, analytical, attention to detail and communication skills.
Core Responsibilities
- Manage the revenue recognition process from the contract negotiation phase to financial statement disclosure.
- Partnering with Legal and Sales teams to optimise contractual structures to achieve business objectives while ensuring compliance with policies and revenue recognition rules.
- Exercise judgement while ensuring that accounting conclusions are documented in technical memos in accordance with policies and current software revenue recognition rules.
- Drive revenue and cost of revenue month-end close process by creating and validating accruals, preparing and reviewing journal entries and account reconciliations, ensuring policy compliance and developing standard reports.
- Provide technical guidance, training, and support to the Finance, Legal, and Business Development/Sales teams.
- Work actively with internal and external auditors to ensure that revenue recognition policies and interpretations are consistent and adhere to GAAP.
- Identify, champion, and implement continuous improvement initiatives related to revenue processes, including systems, reporting, and analysis.
- Partnering with business leadership and the Sales/Finance team on revenue forecasting processes.
What We Value
- Strong communications, presentation, and interpersonal skills, including the ability to summarise key accounting and operational issues to business partners and leadership.
- Complex analytical problem-solving and project management skills.
- Proficiency with NetSuite and/or other revenue recognition accounting systems.
- CPA or ACCA/ACA (preferred but not required).
What We Require
- Extensive experience in the application of ASC 606, specifically in its application to enterprise software-as-a-service.
- 5+ years’ experience within a large public accounting firm and/or a small to mid-sized enterprise software company.
- Bachelor’s degree or equivalent experience in business administration, economics, finance, accounting, or a related field.
