Revenue Accounting Manager, New Products and Initiatives

Company: Socotra, Inc.
Location: San Francisco
Posted on: March 24, 2025

Job Description:

At Lyft, our purpose is to serve and connect. To do this, we start with our own community by creating an open, inclusive, and diverse organization.The Lyft Accounting team is seeking a proactive and results-driven Revenue Accounting Manager. In this critical and highly visible role, you will serve as a technical revenue accounting expert and strategic advisor to key stakeholders, overseeing complex revenue transactions while providing thoughtful leadership across the organization. This role will work closely with cross-functional teams to ensure new product and initiative launches drive accurate financial reporting in a high-growth, fast-paced environment. You will help drive process improvements, establish best practices, and support the company's continued growth and transformation. This role will begin as an individual contributor.Responsibilities:

• Join a dynamic and highly collaborative accounting organization and play a critical role in overseeing revenue accounting considerations for new products and initiatives.
• Partner with Engineering and Product Management teams to design and implement scalable revenue recognition processes for new product launches, ensuring compliance with accounting standards (e.g., ASC 606).
• Identify opportunities to enhance opportunities to automate existing revenue processes and enhance system capabilities.
• Prepare internal summary documentation for new products and initiatives, summarizing key stakeholders, findings, and accounting impacts.
• Own the revenue accounting review of contracts with customers, partner with technical accounting team to ensure proper documentation under ASC 606 and that any nonstandard findings are properly documented and accounted for.
• Assist with revenue technology transformation initiatives and process enhancements to improve efficiency and accuracy.
• Regularly partner with cross-functional teams to ensure timely and accurate reporting.
• Provide workpapers, ad-hoc analysis, and inputs to the FP&A process. Address revenue-related inquiries from other departments and assist external auditors during audits.
• Ensure compliance with revenue accounting policies, procedures and SOX controls. Assess and enhance SOX compliance processes related to revenue accounting.
• Train internal stakeholders on revenue recognition principles, best practices, and policy updates.
• Lead or participate in special projects and process improvements related to revenue recognition.Experience:
  • BS in Accounting/Finance, CPA license preferred
  • 5+ years in Accounting including revenue recognition, including Big 4 experience
  • Strong knowledge of revenue recognition principles and accounting standards (ASC 606)
  • Deep expertise in US GAAP, SEC reporting requirements, SOX, and internal controls
  • Experience working with engineering, data, and other technical teams preferred
  • Experience working with large data sets with SQL and Mode Reporting preferred
  • Strong organizational, verbal, and written communication skills
  • Strong accounting research and problem-solving skills with a focus on revenue recognition
  • Highly detail-oriented and able to multitask
  • Strong quantitative and qualitative analytical skills with the ability to review and analyze revenue contracts and transactions for accuracy
  • Must have significant experience in Microsoft and Google applications; Oracle is strongly preferred
  • Able to operate independently and as part of a larger functional team
  • Ability to build cross-functional relationships, deadline driven, and take initiative to drive resultsBenefits:
    • Great medical, dental, and vision insurance options with additional programs available when enrolled
    • Mental health benefits
    • Family building benefits
    • Child care and pet benefits
    • 401(k) plan to help save for your future
    • 12 observed holidays, salaried team members have discretionary paid time off, hourly team members have 15 days paid time off
    • 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
    • Subsidized commuter benefits
    • Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership ProgramLyft is an equal opportunity employer committed to an inclusive and diverse workplace. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status or any other basis prohibited by law.This role will be in-office on a hybrid schedule - Team Members will be expected to work in the office 3 days per week on Mondays, Wednesdays, and Thursdays. Additionally, hybrid roles have the flexibility to work from anywhere for up to 4 weeks per year. #HybridThe expected base pay range for this position in the San Francisco area is $108,000 - $135,000. Salary ranges are dependent on a variety of factors, including qualifications, experience and geographic location. Range is not inclusive of potential equity offering, bonus or benefits.
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Keywords: Socotra, Inc., San Francisco , Revenue Accounting Manager, New Products and Initiatives, Executive , San Francisco, California