Senior Revenue Accountant

Responsibilities

• 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 NetSuite 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.

Requirements

• Have/are Bachelor's degree in Accounting, Finance, or related field.
• 3-5+ years of progressive accounting experience, with direct experience in revenue accounting.
• Strong working knowledge of ASC 606 (preferably applied to hosting/subscription/SaaS revenue) and ASC 842 (preferably applied to data center or equipment leasing); familiarity with ASC 326 (CECL) preferred.
• Solid understanding of US GAAP beyond revenue-specific standards.
• Hands-on experience with NetSuite and Salesforce required.
• CPA or CPA candidate preferred.
• Experience in a SaaS, cloud infrastructure, colocation, or data center company environment a plus.
• Experience with SOX compliance a plus (public or pre-IPO company environment).

Qualifications

• Strong analytical, organizational, and written communication skills (including drafting technical accounting memos).
• Ability to work cross-functionally and explain accounting concepts to non-accounting stakeholders.
• High attention to detail with the ability to manage multiple priorities in a deadline-driven, fast-paced environment.
• Advanced Excel skills (pivot tables, lookups, waterfall modeling); experience with BI/reporting tools (e.g., Tableau, Power BI) a plus.
• Experience building or improving deferred revenue and billing processes for hosting/subscription revenue.
• Experience with lease accounting software or lease schedule management for data center/colocation arrangements.
• Prior involvement in audit preparation, PBC schedules, and internal controls (SOX experience a plus).
• Experience mentoring or reviewing the work of junior accounting staff.

Benefits

• Groq is committed to providing competitive compensation through our Total Cash philosophy, which incorporates potential bonus value directly into base pay.
• The total cash salary range for this position, which is inclusive of the potential bonus value, is $127,500 - $172,500, with individual placement determined by your geographic location, experience, skills, and alignment with internal compensation standards.
• This range is specific to candidates located in the United States. Compensation for international candidates will vary based on local market dynamics.
• Beyond cash compensation, Groq also offers a Long-Term Incentive (LTI) Program and a robust suite of employee benefits.