Senior Revenue Accountant

Mission

We are seeking a detail-oriented Senior Revenue Accountant to manage revenue recognition processes, ensure compliance with ASC 606 and ASC 842, and partner cross-functionally with Sales, Legal, and Finance teams. This role is critical to maintaining accurate financial reporting and supporting scalable revenue operations as the company grows, with particular focus on our cloud hosting revenue streams and data center leasing arrangements.

This individual will also support broader monthly close activities, technical accounting research, and audit/internal controls compliance.

Mission

We are seeking a detail-oriented Senior Revenue Accountant to manage revenue recognition processes, ensure compliance with ASC 606 and ASC 842, and partner cross-functionally with Sales, Legal, and Finance teams. This role is critical to maintaining accurate financial reporting and supporting scalable revenue operations as the company grows, with particular focus on our cloud hosting revenue streams and data center leasing arrangements.

This individual will also support broader monthly close activities, technical accounting research and audit/internal controls compliance.

Location:

This role will be based in one of our three hiring hubs: the Dallas, San Francisco, or New York City area. The person hired for this role must be based in one of these three areas. You’ll have the flexibility to work remotely while we establish our local Groq office, with the expectation that this role will transition to onsite once the office opens.

Responsibilities

& Opportunities In This Role

• Review customer contracts for cloud hosting services to ensure compliance with ASC 606, including identification of performance obligations, standalone selling price analysis, and appropriate timing/pattern of revenue recognition.
• Review lease agreements related to data center space and data center computer rack leasing to ensure proper accounting treatment under ASC 842, including lease classification (operating vs. finance/sales-type), embedded lease identification, and right-of-use asset/liability assessment.
• Analyze contract terms, performance obligations, and pricing structures to determine appropriate revenue treatment across both hosting and leasing arrangements.
• Partner with Sales and Legal teams during contract drafting and negotiation to structure terms that support clean, straightforward revenue recognition.
• Identify and flag non-standard terms (e.g., bundled hosting/hardware arrangements, variable consideration, embedded leases) that may create recognition complexity or risk.
• Manage and maintain deferred revenue waterfalls/schedules.
• Create, issue, and reconcile monthly customer billings; investigate and resolve discrepancies between billing, revenue, and cash receipts.
• Perform balance sheet account reconciliations and analyze fluctuations (flux analysis) month-over-month and year-over-year.
• Utilize Salesforce and Net Suite to manage contract data, billing workflows, and revenue schedules.
• Identify and implement process improvements to increase efficiency and reduce manual, spreadsheet-based work in revenue operations and close activities.
• Review collectability of outstanding invoices in accordance with ASC 326 (CECL).
• Make recommendations regarding customer churn related to non-payment, delinquency, or other disqualifying account activity.
• Serve as a key liaison between Accounting, Sales, and Legal on revenue-impacting matters.
• Partner with FP&A on budget-to-actual variance analysis related to revenue.
• Support ad hoc analysis and special projects as requested by management.

Ideal Candidates Have/are

• Bachelor's degree in Accounting, Finance, or related field.
• 3-5+ years of progressive accounting experience, with direct experience in revenue…