Revenue Accounting Lead

Spectrum.Life is a Mental Health, Wellbeing and Digital Health Innovator, delivering solutions for the Corporate, Insurance and Education Sectors. We support 2,500+ companies in their health and wellness strategies - looking after the mental health and wellbeing needs of over 4,000,000 users.

We are a healthcare company first. We focus on clinical efficacy and outcomes as our prime responsibility. We do this by providing or enabling best-in-class services, delivered by fully accredited, experienced professionals through our in-house built technology.

Our mission is to save and change as many lives as possible. We do this by Engaging and Empowering members to Transform their health and wellbeing.

ROLE BRIEF

We at Spectrum.Life are seeking to hire a Revenue Accounting Lead, reporting into our Head of Finance and this role will have two direct reports.

The Revenue Accounting Lead will act as the ‘go-to’ person for finance in ensuring the accurate, timely and relevant accounting of revenue from all our customer invoices, commercial contracts and agreements, collaborating with the finance team, account management, sales and growth/sales operations in the review and support their delivery of the financials. This accounting should align with the relevant accounting standards and companywide definitions around commercial contracts.

This person will become a trusted member of the finance team, a key lieutenant for the Head of Finance and a subject matter expert on the treatment of revenue from our commercial contracts and billing.

RESPONSIBILITIES:

• Ensure that revenue is properly calculated and recorded in compliance with the relevant accounting standards and Sarbanes-Oxley guidelines in each of our legal entities’ financials
• Create and update unbilled revenue and deferred revenue schedules for all customer billing, client projects and reconcile respective balances to the general ledger
• Lead the revenue accounting in monthly financial close
• Support in performing sensitivity analysis as to how new developments may impact the current business, cash flow, and financial results
• Assist commercial and legal supports to ensure Spectrum.Life’s compliance with client specific MSAs, SOWs and booking forms
• Review and become knowledgeable of all customer agreements, understanding staff deployment on projects and defined deliverables
• Ensure proper intake and set-up of new customers and/or projects
• Prepare contract summaries for material completed transactions, where necessary
• Streamline and improve existing finance systems and processes to enable the business and finance function to scale, while also evaluating new tooling that may be implemented to accelerate efficiencies
• Coordinate with customer operations and implementations teams to ensure accurate and timely data
• Oversee, and assist where necessary, with accurate and timely invoicing of customers and invoice collections
• Support annual audit process
• Work on enhancing and implementing best in practice internal controls
• Provide data & support for commercial finance/FP&A for use in executive reporting, budgeting and forecasting
• Assist with any sales & use tax filings and lead of the tax treatment of business lines in our customer invoicing

REQUIREMENTS:

• Detailed knowledge of software and SaaS revenue recognition
• 2+ years’ experience in similar role
• Qualified accountant
• This person must have an innovative, customer-centric approach to their role with the mental agility to thrive in a fast-paced, ever-changing environment.
• Report creation in Excel and other business systems/reporting tools
• Experience of commonly used accounting systems, e.g. Netsuite, Quickbooks etc.
• Advanced usage of Excel pivot tables and functions
• Takes full ownership of areas of own responsibility and is totally delivery focused
• Team player and ability to work on own initiative
• Highly motivated and takes a proactive approach to problem solving
• Eager to learn new skills and adapt easily to change
• Results oriented, with the ability to take decisions quickly when necessary and the resilience to challenge/be challenged
• Strong analytical ability and excellent numerical skills, with strong focus on accuracy and attention to detail
• High energy with a “can do” attitude, a positive demeanour, a sense of purpose and the ability to have fun and adapt to the Spectrum.Life culture

DESIRABLE:

• Experience of Xero accounting software and team productivity tolling, e.g. Monday.com, Asana
• Experience with hyper growth organizations a bonus, with flexibility to create pragmatic and innovative solutions to complex business problems
• International experience is a bonus
• The potential to take on increasingly senior roles within Spectrum.Life.

WHAT ARE THE BENEFITS OF WORKING AT SPECTRUM.LIFE?

• Full time permanent contract
• Competitive salary (Dependent on experience).
• In-office, remote or hybrid working options
• 25 days annual leave
• 24/7 EAP and a wide range of health and wellbeing supports
• Extensive list of employee perks and benefits https://app.box.com/s/3z3nm97sd53ggz5fx7epjml4l7sn4sn7