Location
Pune | India
Job description
Finance, Pune, India
About Us LogicMonitor is the leading fully automated, cloud-based infrastructure monitoring and observability platform for enterprise IT and managed service providers.
We love going to work and think you should too. We are customer obsessed, work as one agile team, and strive to be better every day while building trust. These are our core values. We foster a culture of performance and recognition, allowing us to transform growth as we enable our employees to do the best work of their careers.
This position is located in Pune. You'll be working in a major tech center of Pune, India. We call our offices Centers of Energy, because they're where we accelerate work, spark creativity, and ignite our culture of connection and celebration. Our teams coordinate their time in Centers of Energy to reflect how they work best.
LogicMonitor is an equal opportunity employer. We deeply care about our employees' well-being, creating an environment where everyone feels valued and respected. We celebrate the diversity of our team and are committed to fostering a culture of inclusivity. When you join LogicMonitor, you're not just an employee to us, but a valued member of our community. Come as you are, be yourself, and let's grow together.
To learn more about life at LogicMonitor, check out our Careers Page.
What You'll Do As a key member of the Revenue team at LogicMonitor, you will be a part of a dynamic team for reviewing and summarizing customer contracts for proper revenue recognition in accordance with company policy and revenue recognition accounting standards. Beyond rolling up data accurately, you will look to validate the numbers by understanding the story behind them, performing variance analysis as well as developing and continuously refining insightful dashboards and presentations. In this position, you will have the opportunity to resolve issues related to accounting and revenue recognition. You will also be a major contributor to the monthly close process, ensuring accurate and timely recording of transactions along with team projects and process improvements.
Here's a Closer Look At This Key Role - Perform validation to ensure completeness and accuracy of data flowing from CPQ and Finance ERP to RightRev (i.e., Revenue accounting system)
- Review revenue contracts for application of appropriate revenue recognition in accordance with US GAAP and the Company's revenue recognition policy.
- Perform month-end close activities, including reconciliation of payments to bank deposits, reconciliation of cash to the general ledger, preparing monthly revenue recognition journal entries, monthly revenue analytics, accounts receivable, and deferred revenue account reconciliations.
- Assist in analysis of GAAP revenue to bookings/ARR
- Be an active team player for Company's ASC 606 accounting, including standalone selling price, working with Sr Revenue analyst and across departments to ensure our systems are designed appropriately.
- Partner with FP&A to develop and provide ongoing analysis in order to assist with forecasting of revenue and deferred revenue
- Proactively identify areas for process improvement and partner with other departments to streamline processes related to revenue and cost recognition to create best practices across the organization
- Provide training to business partners while working closely with them to ensure consistency in application of policies and practices
- Assist in annual financial audits, including the preparation of revenue schedules and supporting documents to the external auditors
What You'll Need - Strong understanding and minimum 5-7 years of working knowledge/experience of the U.S. GAAP revenue recognition standard ASC 606 in a SOX compliant environment
- Master's degree in accounting from a reputable university with CA or CPA designation preferred
- In depth understanding and hands on experience of the revenue recognition of a global company with SaaS business model
- Strong background in accounting or finance, business processes and internal control evaluation along with analytical and problem-solving skills, and experience applying these skills to resolve operational accounting process and system issues.
- Effective communication skills - including the capability to listen to the needs of others, articulate issues in a clear and concise manner, and present findings as well as recommendations in both oral and written presentations.
- Ability to set priorities, handle multiple tasks, work independently and deliver results in a fast paced and dynamic environment.
- Experience with Excel, Netsuite, Avalara, SalesForce, Zuora, or similar finance IT platforms
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