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Senior Revenue Accountant

Quantexa

Quantexa

Accounting & Finance, Sales & Business Development
London, UK
Posted on Jul 11, 2024

What we’re all about

Do you ever have the urge to do things better than the last time? We do. And it’s this urge that drives us every day. Our environment of discovery and innovation means we’re able to create deep and valuable relationships with our clients to create real change for them and their industries. It’s what got us here – and it’s what will make our future. At Quantexa, you’ll experience autonomy and support in equal measures allowing you to form a career that matches your ambitions. 41% of our colleagues come from an ethnic or religious minority background. We speak over 20 languages across our 47 nationalities, creating a sense of belonging for all.

We're heading in one direction, the future. We’d love you to join us.

The opportunity

As a Senior Revenue Accountant, you will be commercially focused and responsible for overseeing all aspects of revenue recognition, sales metrics analysis, and gross margin analytics for the group. You will play a critical role in ensuring accurate financial reporting, driving revenue optimization strategies, and providing insightful guidance to key stakeholders.

What you’ll be doing

Revenue Recognition Management:

  • Develop and maintain revenue recognition policies and procedures in compliance with relevant accounting standards (e.g., IFRS15, USGAAP).
  • Review contracts and sales agreements to ensure proper recognition of revenue streams.
  • Collaborate with cross-functional teams, including Sales, Legal, PMO and Product, to address revenue recognition complexities and ensure alignment with business objectives and tax structuring.
  • Ensure monthly reconciliation of revenue accounting ledgers is complete and balances, both P&L and Balances Sheet.

Gross Margin Analytics for Professional Services:

  • Analyse gross margin performance for professional services engagements, pre, during and post deployment.
  • Develop and implement robust reporting and analysis tools to track gross margin trends, identify areas for improvement, and drive profitability.
  • Partner with Professional Services leadership to optimize pricing strategies, resource allocation, and project profitability.

Sales Metrics and Performance Analysis:

  • Establish and monitor key sales performance indicators (KPIs) to track the effectiveness of sales and delivery strategies and initiatives.
  • Analyse sales and delivery data to identify trends, opportunities, and areas for improvement.
  • Provide regular reports and presentations to executive leadership on sales performance and forecast accuracy.
  • Monitor and Calculate sales performance and attainment for processing commission and bonus related pay.

Forecasting and Budgeting:

  • Lead the development of revenue forecasts and budgets based on historical data, market trends, and business projections.
  • Work closely with Sales and Finance teams to validate sales forecasts and align revenue targets with overall company objectives.
  • Monitor actual performance against forecasts and budgets, identifying variances and implementing corrective actions as necessary.

Cross-functional Collaboration:

  • Partner with Sales Operations, Customer Success, and Product teams to drive cross-functional initiatives aimed at revenue growth and customer satisfaction.
  • Serve as a trusted advisor to department heads, providing financial insights and recommendations to support decision-making.

Process Improvement and Compliance:

  • Continuously assess and enhance revenue accounting processes to improve efficiency, accuracy, and scalability.
  • Stay abreast of regulatory changes and accounting standards updates related to revenue recognition, ensuring compliance and mitigating risks.