About the company
Founded in 2017, Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the first federally chartered crypto bank in the US, Anchorage Digital offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. Weāre looking to diversify our team with people who are humble, creative, and eager to learn. We are a remote friendly, global team, but provide the option of working in-office in New York City, Sioux Falls, Porto, Lisbon, and Singapore. For our colleagues not located near our beautiful offices, we encourage and sponsor quarterly in-person collaboration days to work together and further deepen our Village.
Job Summary
Technical Skills
šLead and oversee the end-to-end Revenue Accounting and Billing Operations function, including all aspects of accurate and timely revenue recognition, billing, collections, and financial reporting. šDevelop and maintain revenue recognition policies and procedures in compliance with GAAP that align with the company's business model and revenue streams, including client payments in both fiat and cryptocurrency. šEnsure accurate and timely monthly, quarterly, and annual revenue close processes, including reconciliations, journal entries, and variance analysis. šEvaluate customer contracts for non-standard terms and conditions that have revenue recognition implications and document the proper revenue accounting treatment in collaboration with Technical Accounting. šApply advanced skills in Google Sheets and revenue recognition software to efficiently and reliably implement revenue recognition conclusions across multiple lines of business. šPerform detailed and data intensive reconciliations with disparate datasets. šManage external audits and ensure compliance with internal controls and audits, SOC requirements, and regulatory obligations. Complexity and Impact of Work: šPartner with Product, Engineering and Data Science teams to identify product and system features needed to accurately calculate and report billing, revenue, collections and accounts receivables. Streamline processes and implement automation tools/ revenue systems to improve the efficiency, scalability and accuracy of client billing and revenue recognition. šPartner with Legal, Sales, Technical Accounting and Business teams to review client contracts and ensure revenue implications and accounting requirements are well-understood and properly accounted for in new product launches, pricing strategies, and other business initiatives.I šIdentify opportunities for process improvement in existing revenue accounting procedures and drive initiatives to implement enhancements. šAct as a control owner, designing and implementing robust internal controls to ensure the accuracy and integrity of revenue recognition processes, mitigating financial risks. šOrganizational Knowledge: šHave a deep knowledge of the strategy of Anchorage Digital and its various business lines. Actively engage with different groups to work on understanding historical transactions as well as requirements for executing on go-forward global strategy. šDevelop deep understanding of the multiple source data systems for client billing including production databases, blockchains, and spreadsheets. šWork on issues where analysis of situations or data requires an in-depth knowledge of the companyās objectives šCommunication and Influence: šArticulate a clear strategy for the Revenue function and communicate across the company effectively. šCommunicate, organize and execute on cross-team goals and projects, utilizing relationships and resources cross-functionally to solve problems. šStandardize and document processes and internal controls with an intentional approach to create shared consciousness and eliminate single points of failure. šAct as the primary point of contact for revenue and AR-related internal and external audit processes to ensure accuracy and timeliness of financial reporting šTeam Leadership šLead and mentor a team of revenue accounting professionals, fostering a culture of high performance, collaboration, and continuous improvement. šProvide clear directions and priorities to the revenue accounting team by defining strategic direction, planning the roadmap, flagging dependencies and blockers, escalating issues, and synthesizing feedback to ensure team success. šProvide guidance and mentorship to team members, fostering their professional growth and development through regular feedback, training opportunities, and career advancement support. šPlan and execute team staffing and succession planning in service of company goals, including identifying gaps, defining roles, and managing appropriate team size.
You may be a fit for this role if you have:
š10+ years of relevant accounting experience, ideally with a mix of revenue accounting and public accounting; CPA license required. Fluency in ASC 606 with a proven experience in managing complex revenue recognition processes, financial reporting, and audits, including a proven track record of designing processes to operationalize and scale technical revenue accounting conclusions for complex contracts. šFamiliarity with crypto-specific revenue models (e.g., transaction fees, staking rewards) and accounting considerations. šDemonstrated ability to lead and develop high-performing teams and build effective relationships with cross-functional partners in a dynamic environment with multiple and changing priorities. šStrong analytical, problem-solving, and organizational skills with a high attention to detail.