layiq
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Job opportunity
Revenue Accounting Lead
Factory
San Francisco, CA, United States
Source: Factory careers · View original posting
Employer job description
From Factory's posting. “We” and “our” refer to the employer.
About the Role
Factory is looking for a Revenue Accountant to own revenue recognition and the revenue close as the company scales. This is a foundational role on our accounting team, partnering closely with Accounting, Strategic Finance, and Revenue Operations. You will own ASC 606 revenue recognition across our subscription, committed-use, and usage-based (consumption) billing models, and build the systems, schedules, and controls that make revenue accurate, auditable, and automated.
What you will do and achieve
- Own revenue recognition under ASC 606 across subscription, committed-use, and usage-based / consumption contracts.
- Run the monthly and quarterly revenue close, including deferred revenue, unbilled and accrued revenue, and contract asset / liability schedules.
- Review customer contracts to determine performance obligations, standalone selling price allocations, and revenue treatment.
- Own billing operations in our billing platform (Orb) — invoicing, credits, commit drawdowns, and usage true-ups.
- Manage accounts receivable, cash application, and collections in partnership with the broader finance team.
- Own AR reconciliations and aging analysis, and drive collections.
- Perform month-end flux and variance analysis on revenue and AR balances, and build AR and collections metrics (DSO, aging) for management reporting.
- Develop and document revenue policies, internal controls, and repeatable close procedures.
- Support audit and diligence requests related to revenue, and drive audit readiness.
- Coordinate sales tax and VAT treatment.
- Leverage AI and automation across the revenue workflow — from contract review, to revenue recognition, to reconciliations and reporting.
Qualifications
- 4-7+ years of progressive revenue accounting experience.
- Deep technical knowledge of US GAAP revenue recognition (ASC 606).
- Experience with subscription and usage-based / consumption billing models.
- Hands-on experience with billing and ERP systems (e.g., Orb, Stripe, NetSuite).
- Strong reconciliation skills and advanced Excel.
- Highly organized and detail-oriented, with the ability to own processes end-to-end.