Sr. Commissions Accountant

Responsibilities

• Account for sales commissions in accordance with ASC 340-40.
• Ensure accuracy and compliance with commission plans, sales arrangements, and contract terms.
• Determine the appropriate capitalization and amortization treatment for commissions.
• Collaborate with cross-functional teams including Sales, Sales Operations, Payroll, and FP&A to review and assess the commission implications of new plans, deals, and offerings.
• Prepare and maintain documentation supporting commission accounting policies and procedures.
• Assist in the implementation and enhancement of commission management software and systems.
• Conduct periodic reviews and reconciliations of commission-related accounts, including clawbacks and true-ups.
• Participate in internal and external audits, providing necessary documentation and support.
• Stay current on changes in accounting standards and regulations related to commissions and contract cost accounting.
• Provide guidance and support to junior team members, fostering a collaborative and growth-oriented environment.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• CPA or equivalent certification is a nice to have.
• Minimum of three to five years of experience in commissions or revenue accounting, preferably within the software industry.
• Experience with a Big 4 accounting firm is preferred.
• Thorough understanding of ASC 340-40 and accounting for the costs of obtaining a contract.
• Strong analytical skills with meticulous attention to detail.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams.
• Proficiency in accounting software and ERP systems.
• Experience with NetSuite and Salesforce is a bonus.
• Experience with commission management tools such as CaptivateIQ or Xactly is a plus.