Candescent · 2 days ago
Sr. Manager - Technical Accounting
New York, NY
Full-time
Onsite
Senior Level
5+ years expCandescent is the leading cloud-based digital banking solutions provider for financial institutions. They are seeking a Sr. Manager - Technical Accounting to lead technical accounting research, provide guidance on complex transactions, and ensure compliance with accounting standards. The role involves collaboration with cross-functional teams and external auditors to maintain accurate financial reporting and documentation.
BankingFinancial ServicesSaaS
Responsibilities
Leads technical accounting research and provides guidance and documentation of outcomes on complex transactions, including revenue recognition, software capitalization, leases, mergers and acquisitions, impairments, restructurings, derivative and other US GAAP topics. Ability to work with external parties as needed
Serves as the subject matter expert on ASC 606, including contract reviews, revenue recognition assessments and documentation of outcomes, and policy enforcement
Reviews and understands customer, vendor and other contracts and documentation to apply and document the correct accounting treatment in a timely and accurate manner
Develops, documents, and implements accounting policies, procedures and controls to ensure consistent and compliant financial reporting. Update policies as need due to new pronouncements and other changes
Collaborates with cross-functional teams (Sales, Legal, FP&A, Product/R&D, etc.) to ensure revenue and other contracts are structured and accounted for in compliance with recognition standards
Supports the monthly, quarterly and annual close processes by ensuring proper accounting treatment and timely resolution of technical accounting issues
Prepares and maintains financial statements and disclosures, including footnotes and supporting documentation, in accordance with US GAAP
Primary liaison to external auditors, coordinating audit requests, works accounting issues and ensures timely and accurate delivery of supporting documentation
Monitors changes in accounting standards and assesses their impact on the Company’s financial statements and operations
Provides training and guidance to accounting and finance teams on technical accounting topics and policy updates. Will also need to be able to communicate these to non-accountants who may be impacted (for example, sales, R&D, HR, etc.)
Keeping current on accounting pronouncements, guidance and trends to assist the Company in being proactive in addressing issues, potential issues and in adopting new standards as needed and in a timely manner
Works with the Finance, Planning and Analysis group to ensure the accuracy of budgets, and forecasts and to explain financial results, especially those related to accounting issues, the impact of new pronouncements and guidance, etc
Qualification
Required
Big 4 public accounting experience at the manager level or higher is strongly preferred. We will consider individuals coming directly from public accounting for this role
Software/SAAS experience either through a public accounting firm or within a corporate environment
Strong analytical, problem-solving, and communication skills. Must have the ability to write technical accounting memos as well as to explain complex accounting rules, such as SAAS revenue recognition, to non-accountants (sales teams, management and others) to achieve successful outcomes
Strong technical knowledge of US GAAP, with deep expertise in ASC 606, software capitalization, corporate consolidations, lease accounting, accruals, derivatives, mergers and acquisitions, impairment and other accounting relative to our business
Experience in drafting and implementing accounting policies as well as the supporting controls and procedures designed to ensure adherence
Ability to prepare consolidated financial statements (balance sheets, income statements, equity and cash flow statements) with appropriate disclosures
Ability to work with both internal parties and clients as well independent auditors and others to achieve successful outcomes
Ability to manage multiple priorities and work effectively in a fast-paced, dynamic environment
Must possess strong organizational skills, be intellectually curious and have a high level of attention to detail
Experience with ERP systems (e.g., primarily NetSuite, with Oracle and SAP being a plus as we transition)
Ability to work with and mentor others in a team environment
5+ years of progressive accounting experience, including public accounting and/or industry experience in the software or technology sector
A Bachelor's degree in Accounting or Finance; An MBA is a plus, but not required
An active CPA license is required
Company
Candescent
Candescent is a digital banking platform that offers online banking, account openings, and digital transaction services.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Donald Chesnut
Chief Design Officer
Gareth Gaston
Chief Product Officer
Recent News
Company data provided by crunchbase