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xAI · 2 weeks ago

Senior Accountant - GL Maintenance & Financial Reporting

Palo Alto, CA

Full-time

Onsite

Mid, Senior Level

$110K/yr - $150K/yr

5+ years exp

xAI is a company focused on creating AI systems to enhance human understanding of the universe. They are seeking a meticulous and experienced Senior Revenue Accountant to ensure financial integrity in revenue processes, ensuring compliance with GAAP standards while collaborating with finance and engineering teams.

Artificial Intelligence (AI)Foundational AIGenerative AIInformation TechnologyMachine Learning

Growth Opportunities

Responsibilities

Oversee revenue recognition processes, including contract review, revenue allocation, and recognition in accordance with ASC 606

Review and analyze customer contracts for proper revenue treatment, including multiple-element arrangements

Ensure timely and accurate invoicing, collections, and revenue recording

Maintain customer relationships, resolve billing discrepancies, and respond to inquiries promptly

Streamline revenue workflows and implement process improvements to enhance efficiency

Manage deferred revenue accounting, including setup, amortization, and adjustments

Maintain accurate deferred revenue schedules and ensure proper documentation and tracking

Oversee billing cycles and revenue-related adjustments

Perform monthly reconciliations of revenue accounts to the general ledger

Calculate and record revenue adjustments in accordance with company policies and GAAP

Conduct periodic reviews of revenue streams and coordinate with other departments to ensure compliance

Assist with revenue forecasting and reporting for budgeting and planning purposes

Support month-end and year-end close processes, including preparing journal entries, account reconciliations, and financial reports

Ensure compliance with internal controls, policies, and procedures

Support external audits by providing documentation and explanations related to revenue and billing

Collaborate with the accounting team to prepare financial statements and ad-hoc reports as needed

Identify opportunities to automate and improve accounting processes using ERP systems or other tools

Qualification

Revenue RecognitionGAAP ComplianceERP SystemsAdvanced ExcelAnalytical SkillsProcess ImprovementCPA CertificationCMA CertificationCommunication SkillsOrganizational SkillsProblem-Solving SkillsTime ManagementAttention to Detail