Accounting Manager
Listed on 2026-11-01
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Accounting
Financial Reporting, Accounts Receivable/ Collections
Our purpose is to help a billion people find the right work! Phenom is an AI-Powered talent experience platform that is redefining the HR tech space. We have grown into a global organization with offices in 6 countries and over 1,500 employees. As an HR tech unicorn organization, innovation and creativity is within our DNA. Come help us make every talent moment Phenomenal!
We are seeking is seeking a technically strong, operationally minded Accounting Manager, who will lead revenue accounting. This role will own the application, documentation, and monthly execution of revenue recognition under ASC 606 across subscription software, implementation services, professional services, training, support, usage-based offerings, and other customer-contract elements.
The ideal candidate combines deep U.S. GAAP and ASC 606 knowledge with hands-on SaaS accounting experience. They can translate complex customer contracts into clear accounting conclusions, scalable revenue processes, accurate financial reporting, and audit-ready support. This person will be a key partner to Commercial, Legal, Deal Desk, Billing, Customer Success, and FP&A as the company evolves its packaging, pricing, contracting, and go-to-market model.
ASC 606 requires companies to identify contracts and performance obligations, determine and allocate transaction price, and recognize revenue when or as obligations are satisfied. In an HR software environment, that commonly means ratable recognition of subscription access over the contractual service period, while implementation, data migration, training, integrations, or other services may require distinct analysis based on whether they are separate performance obligations and how control transfers to the customer.
This role is 5 days/week on-site.
What You'll Do:Revenue recognition and close
- Own the monthly revenue close process, including preparation, review, and posting of revenue, deferred revenue, unbilled receivables/contract assets, commissions, and related journal entries.
- Ensure timely, complete, and accurate revenue recognition under ASC 606 for recurring SaaS subscriptions, implementations, professional services, support, training, usage-based or consumption-based fees, and other contract components.
- Maintain reconciliations between the billing platform, revenue subledger, CRM/CPQ, general ledger, accounts receivable, and cash collections.
- Reconcile deferred revenue and contract balances monthly; investigate and resolve discrepancies promptly.
- Review and validate system-generated revenue schedules, manual revenue schedules, and period-end adjustments.
- Establish and monitor close controls, ensuring revenue accounting deadlines, documentation standards, and approval requirements are consistently met.
- Prepare balance-sheet reconciliations and supporting schedules for revenue-related accounts in accordance with the company’s close calendar.
- Lead contract-level ASC 606 analysis for nonstandard, material, or complex customer arrangements.
- Evaluate the five-step ASC 606 model, including:
- Identification of the enforceable customer contract
- Identification of distinct performance obligations
- Determination of transaction price, including variable consideration, credits, rebates, concessions, refunds, and price protections
- Allocation of transaction price based on relative standalone selling price
- Timing and pattern of revenue recognition, including point-in-time versus over-time recognition
- Document accounting conclusions in concise, audit-ready revenue recognition memos for material and nonroutine transactions.
- Assess contract modifications, renewals, expansions, downgrades, terminations, co-termination arrangements, credits, and concessions to determine the appropriate accounting treatment.
- Evaluate principal-versus-agent considerations, material rights, options for additional goods or services, financing components, nonrefundable upfront fees, and breakage where applicable.
- Partner with Accounting leadership and external advisors on technical accounting positions, accounting policy updates, and emerging revenue-recognition issues.
- Review customer agreements, order forms, statements of work, amendments, and commercial approvals to identify accounting implications before execution whenever practical.
- Partner with Deal Desk, Sales Operations, Legal, and Commercial teams to structure contract terms that are operationally executable and aligned with the…
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