Revenue Accountant
WFA Digital Insight
As the demand for skilled accounting professionals grows, with a 27% increase in ASC 606 expertise requests in the past year, Fortive's Revenue Accountant role stands out. With a focus on technical accounting and revenue recognition, this position requires strong GTM skills. In the current remote job market, candidates with experience in SaaS revenue models and audit-ready documentation are in high demand. Before applying, consider the importance of scalable mentality and cross-functional partnership in a high-growth SaaS company.
Job Description
About the Role
The Revenue Accountant position at Fortive is a critical role within the Finance organization, focusing on ensuring accurate, compliant, and scalable revenue recognition as the company grows. This role requires a highly skilled professional with expertise in ASC 606 and revenue accounting. The Revenue Accountant will work closely with various teams, including Deal Desk, Legal, Sales, and RevOps, to review contract terms and evaluate revenue recognition implications.Day-to-day responsibilities will include preparing and reviewing technical accounting memorandums for complex customer arrangements and maintaining revenue recognition controls. The ideal candidate will have a strong understanding of SaaS revenue models and experience with audit-ready documentation.
The Revenue Accountant will be part of a dynamic team and will report to a senior finance leader. The role will involve close collaboration with cross-functional teams, including Sales, Legal, and RevOps, to drive business growth and ensure compliance with revenue recognition standards.
What You Will Do
- Serve as the primary subject matter expert on ASC 606, including contract identification, performance obligations, transaction price allocation, variable consideration, contract modifications, and significant financing components
- Prepare and review technical accounting memorandums for complex customer arrangements, including multi-element SaaS contracts, usage-based pricing, professional services, and partner agreements
- Partner with Deal Desk, Legal, Sales, and RevOps to review contract terms and evaluate revenue recognition implications
- Maintain and enhance revenue recognition controls to ensure accurate and compliant GAAP and SOX reporting
- Support monthly, quarterly, and annual close processes related to revenue and deferred revenue, including preparation and review of journal entries and account reconciliations
- Support internal and external audits as the primary revenue accounting contact
- Develop and maintain revenue accounting policies and standard operating procedures
- Partner with RevOps and Systems teams to improve quote-to-cash and revenue automation processes
- Own the Standalone Selling Price (SSP) framework, including methodology, analysis, refresh cadence, and documentation
- Perform SSP analyses to support transaction price allocation in compliance with ASC 606
- Partner with FP&A and RevOps to assist with revenue forecasting, backlog analysis, and GAAP revenue timing
What We Are Looking For
- Bachelor’s degree in Accounting or Finance; CPA preferred
- 2+ years of experience in revenue or technical accounting with strong ASC 606 exposure
- SaaS revenue model experience and audit-ready documentation skills
- Understanding of subscription, services, or usage-based revenue models
- Experience with ERP, CPQ, billing, and revenue sub-ledger systems, including NetSuite, Salesforce.com
- Strong technical judgment and attention to detail
- Ability to translate accounting guidance into operational outcomes
- Clear communicator with executive-ready writing skills
Nice to Have
- Experience in a high-growth SaaS company
- Proven cross-functional partnership with Sales, Legal, FP&A, and RevOps
- Knowledge of revenue recognition standards and compliance requirements
Benefits and Perks
- Competitive compensation package
- Opportunity to work with a high-growth SaaS company
- Collaborative and dynamic work environment
- Professional development and growth opportunities
- Flexible remote work arrangements
- Access to cutting-edge technology and tools
How to Stand Out
- Ensure you have a strong understanding of ASC 606 and revenue recognition standards before applying
- Highlight your experience with SaaS revenue models and audit-ready documentation in your resume and cover letter
- Be prepared to provide examples of your technical accounting expertise and ability to partner with cross-functional teams
- Familiarize yourself with ERP, CPQ, billing, and revenue sub-ledger systems, including NetSuite and Salesforce.com
- Showcase your ability to communicate complex accounting concepts to non-technical stakeholders
- Research Fortive's company culture and values to demonstrate your enthusiasm for the role and company
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