Sr Accounting Manager at Fivestars

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(11 open jobs)

Fivestars has the largest rewards program for local business.

Job title
Sr Accounting Manager
Job listing last updated at
Sep 8, 2020
Job listing location
San Francisco, CA
Job listing source
Job listing link
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Bay Area company location: 500 3rd St #405, San Francisco CA

Job description

Sr Accounting Manager

At Fivestars, our mission is to help businesses and communities thrive by turning every transaction into a relationship. Over 50 million people across the United States and Canada use Fivestars to get rewarded at more than 14,000 local businesses with one rewards program. Local businesses use Fivestars to bring more customers into their stores with an all-in-one digital marketing program and payments platform. Fivestars drives over $3 billion in local commerce across its network per year. 

Fivestars was launched out of Y-Combinator in 2011 (and most recently on Y-Combinator’s Top 75 Companies List for 2019) has raised over $100 million from notable investors including Lightspeed, DCM, HarbourVest, Menlo Ventures, Y-Combinator, and others. 

Together, let’s love local! 

Fivestars is seeking a world-class, experienced and hands-on Sr Accounting Manager (newly created position) to support our fast-paced finance organization. Reporting directly to the Controller, you will be required to have a strong background and understanding of U.S. GAAP accounting principles, and in-depth knowledge or revenue recognition guidance including ASC-605 and ASC-606. You will be working closely with cross-functional teams to ensure timely and accurate recording and reporting of revenue. You will be streamlining our revenue recognition process with multiple performance obligations. The ideal candidate has experience with complex and transaction heavy revenue transactions and can think strategically on a process level.  This role plays an essential part in our finance and accounting team and will oversee subscription/pay revenue and billing

A successful candidate should be self-motivated, hands-on, and act as a proactive business partner and demonstrate the leadership capacity to assume increasing responsibility in finance management.


  • Manage day-to-day accounting activities for revenue accounting to ensure compliance with U.S. GAAP (ASC606), internal policies, and external audit, prepare monthly revenue recognition, bad debt and revenue reserve journal entries
  • Shared ownership of full cycle general ledger financial close process and related activities to ensure complete and accurate financials in accordance with U.S GAAP, including managing/reviewing close activities such as journal entries and account reconciliations within the established close timeline
  • Drive process improvement and automation efforts to streamline Accounting operations related to revenue accounting and improve the quality of monthly, quarterly, and annual closes, and internal controls
  • Analyze and research revenue accounting matters, providing accurate and comprehensive documentation of issues identified and resolutions reached. Develop, implement and maintain desktop procedures for on-going revenue accounting activities.
  • Responsible for registering with new states & filing monthly sales tax using Avalava
  • Prepare journal entries for various business transactions (revenue, cash receipts)
  • Supporting the Controller and other team members with various analysis and ad hoc projects
  • Partner closely with FP&A team around monthly variance analysis and management reporting
  • Proactively identifying issues and assisting in optimizing systems, upgrades and automation of accounting processes


  • Proficient with Netsuite
  • Knowledge in payment transaction revenue preferred
  • Experience with Zuora & Avalara (A plus)
  • Excellent interpersonal and communication skills with ability to effectively present information and respond to questions from management and/or external auditors
  • Solid understanding of balance sheet account reconciliations
  • Ability to work independently, maintain tight deadlines, solve problems quickly, creatively and proactively
  • Remain flexible in a constantly changing environment with changing requirements
  • Work ethic that exudes integrity, accountability, and professionalism
  • Willingness to learn and take on new tasks both related and unrelated to accounting
  • BS in Finance or Accounting required; CPA preferred (not required)
  • Expertise with MS Excel (e.g pivot tables & vlookup experience) and ability to work with large volumes of data
  • At least 10 years of related experience working in either public or private accounting.  A background working in startups, preferably in SAAS and Fintech

Fivestars provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, FiveStars complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

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