Manager, Revenue Accounting

Quanterix is a company that is digitizing biomarker analysis with the goal of advancing the science of precision health. The company’s ultra-sensitive detection solution, Simoa, has the potential to change the way in which healthcare is provided today by giving researchers the ability to closely examine the role of biomarkers in the continuum of health to disease. Quanterix’ technology is designed to enable much earlier disease detection, better prognosis and precise treatment methods to improve the quality of life and longevity of the population for generations to come. The technology is currently being used for research applications in several therapeutic areas, including oncology, neurology, cardiology, inflammation and infectious disease.

ROLE SUMMARY:

We are looking for an experienced and highly motivated Manager, Revenue Accounting to join our accounting team. You will be responsible for leading our revenue accounting team, including daily revenue and accounts receivable operations, month end closes, and developing/maintaining related internal controls. This role will also work with management across the finance organization to understand revenue and receivables trends and serve as an advisor on revenue accounting topics.

This role is flexible and can be hybrid or fully remote (with occasional travel, optional 1 time per quarter for approximately 2 days to our Billerica, MA office to take part in department/cross-functional meetings and team building activities).

WHAT YOU’LL DO:

• Manage the month-end close process for revenue and cost of revenue. Oversee the delivery of accurate and timely financial information to meet the needs of both internal and external stakeholders
• Review revenue and indirect tax reconciliations and analyses, and prepare / review monthly journal entries
• Review standard customer contracts to ensure appropriate revenue recognition treatment under ASC 606. Work with technical accounting team to identify contracts that require technical accounting analysis
• Own the end-to-end internal control (SOX) program for all revenue processes and controls
• Support revenue related disclosures and the preparation/review of revenue footnote schedules associated with SEC filings
• Continuously develop the revenue accounting team, with an emphasis on enhancing accuracy and efficiency
• Oversee accounts receivable activities and ensure timely and accurate invoicing to customers and collections. Partner with the sales and customer service teams accordingly
• Prepare the quarterly CECL reserve and meet with sales teams to support reserve requirements
• Develop, maintain, and operationalize revenue accounting policies and processes
• Identify and drive process improvement initiatives including automation and data analytics to create efficiencies for the quote to cash and revenue processes
• Oversee the team’s preparation of all external audit requests throughout the quarterly reviews and annual audit
• Manage ad hoc projects, as needed

BASIC QUALIFICATIONS:

• Bachelor’s Degree in accounting or finance plus 6 years of experience or Master’s Degree in accounting or finance plus 4 years of experience

PREFERRED QUALIFICATIONS:

• Minimum of 1 year previous direct/indirect people managerial experience
• 3+ years of experience in revenue accounting under ASC 606, US GAAP, and SOX   
• Experience in both ‘Big 4’ public accounting and publicly traded, global companies
• 2+ years of progressive experience leading and developing a team of revenue accountants
• Candidates with a life sciences background, including revenue recognition involving third-party reimbursement
• Experience collaborating with sales and legal teams, including cross-functional initiatives that include direct and indirect reports
• Demonstrated ability to grow a global quote to cash process, navigating the complexities of doing business domestically and internationally, and helping teams through change management
• Foundational understanding of SEC reporting and ASC 606 disclosure requirements for 10-Q’s and 10-K’s
• Focus on innovation. Implementation of modern revenue / billing financial systems, ERP enhancements, and automation (robotic process automation, etc.)

EXPECTATIONS, LEADERSHIP COMPETENCIES, SKILLS & ABILITIES:

• Unwavering integrity and quality in approaching your responsibilities
• Advanced spreadsheet skills
• Comfort acting as a ‘builder’; Establish/maintain policies and process and can roll up their sleeves and support their team as needed
• A self-starter that takes initiative, is capable of acting decisively, and uses good judgment to escalate challenges
• Strong organizational, analytical, interpersonal skills with an ability to work with all levels in an organization
• Exceptional oral and written communication skills. Ability to clearly and concisely document and effectively communicate revenue accounting issues to finance and non-finance personnel
• Attentive listening and being present to non-verbal cues
• Value others, communicate ideas, operate with kindness
• Resilient & versatile; ability to adapt to change and mentor teams through change management
• Ability to think beyond existing solutions, introduce new ideas, design a new future
• Courage to provide counsel to finance leadership and ask questions that show you always remain curious
• Results driven and utilizes knowledge to meet or exceed goals and objectives
• Lead with accounting and industry awareness. Stays up-to-date with relevant ASC 606, revenue recognition, SOX, and industry standards

WHY YOU’LL LIKE WORKING FOR US:

Our Technology: Quanterix’ technology is designed to enable much earlier disease detection, better prognoses and enhanced treatment methods to improve the quality of life and longevity of the population for generations to come. The technology is currently being used for research applications in several therapeutic areas. The company was established in 2007 and is in Billerica, Massachusetts. For additional Information, please visit https://www.quanterix.com.

Our Commitment to Employees: At Quanterix, we take pride in our employees' incredible work ethic, and we want to reward and recognize that by offering competitive compensation and a 401k plan with an employer match, as well as competitive health, dental, and vision benefits for employees and their dependents. We also offer an unlimited vacation policy to all exempt employees, and a generous PTO policy for non-exempt employees. All employees are awarded Equity, and we have an Employee Stock Purchase Plan, a Performance Bonus, and 1:1 Financial Counseling/Planning. We also offer Tuition Assistance. We have a free, state-of-the-art onsite fitness center for all employees. To keep you fueled up, we provide onsite employees free snacks and drinks every day!

DIVERSE & INCLUSIVE WORKPLACE: Quanterix is committed to a Diverse and Inclusive workplace. Quanterix is an Equal Opportunity Employer and does not discriminate based on race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. Quanterix will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

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Last updated on Jun 7, 2024