Cornerstone OnDemand (CSOD) is at a critically important juncture in the company’s lifecycle. CSOD is the world’s largest and most successful stand-alone unified Talent Management company and one of the world’s largest SaaS companies. After 22 quarters as a public entity, delivering stellar results as a high growth SaaS company, CSOD has gone from a startup to a publicly traded company valued at approximately $3.0B. The company is entering a phase of achieving scale and global expansion through continued relentless execution.
Cornerstone is seeking a Director of Revenue Accounting. This individual will be a well-rounded leader managing revenue operations, monthly close procedures and revenue recognition accounting. Our business is growing quickly to a billion-dollar SaaS operation, we are committed to achieving a balance between re-accelerating our revenue growth and maintaining profitability. This is an excellent opportunity for a Director of Revenue Accounting to lead various elements of this transformation, including streamlining processes to close our books faster and scaling financial systems and other workflows to support the Company’s growth.
Additionally, the role involves enhancing our order to cash operations, including partnering with stakeholders such as Sales, Legal, and Operations. The Director of Revenue Accounting is expected to work effectively with team members within Accounting and across departments to effect changes and complete special projects required as part of company-wide goals and objectives.
In this role you will...
Oversee revenue monthly close procedures to ensure timely and accurate closing of the books for internal and external reporting in accordance with U.S. GAAP and SOX requirements
Will have 2 teams of revenue accountants reporting into you
Ensure revenue for all customer contracts are accurately recorded in accordance with ASC 606
Lead order to cash process improvements to streamline and scale our existing financial systems and operations to support the next phase of the Company’s growth
Liaise with our external auditors for the quarterly reviews and year-end audits, including discussing technical revenue accounting issues and internal control findings
Analyze and synthesize trends in data and information to identify risks and requirements for additional processes and procedures
Maintain great relationships with business partners (Sales, Legal, and Operations) and accounting peers to address accounting and operational needs.
Instill/support a culture of high-quality work, team collaboration and continuous improvement, including providing mentorship and coaching to Managers and Staff
You’ve got what it takes if you have…
A bachelor’s degree related to accounting/finance or equivalent experience
12+ years of related experience, including experience in either revenue recognition, revenue operations or finance operations
4+ years of experience leading and managing teams
Revenue recognition experience in a technology company, including ASC 606
Experience building new capabilities and process optimization
Demonstrated ability to make recommendations and influence outcomes
Excellent team building and leadership skills with a focus on continual development, performance, accountability and self-motivation
Strong negotiation and communication skills; experience in effectively communicating key data including presentations to senior management
Track record of achieving results with a strong sense of ownership and follow-through
Excellent written and verbal communication skills in order to interact upward and cross functionally and manage a large team
Confidence in researching technical accounting literature and SEC guidance and drafting accounting memorandums
Ability to motivate, engage, and develop teammates to reach maximum potential
Extra Dose of Awesomeness if you have…
Experience with Enterprise SaaS business models
Experience with customer contracts with multiple performance obligations
Knowledge of NetSuite and Salesforce systems
Interest in understanding how IT systems and workflows are designed
Master’s degree related to accounting/finance or equivalent preferred
About Cornerstone OnDemand
Cornerstone OnDemand is a leader in cloud-based applications for talent management. The company’s solutions help organizations recruit, train, manage and engage their employees, empowering their people and increasing workforce productivity. Based in Santa Monica, California, the company’s solutions are used by over 3,000 clients worldwide, spanning more than 42 million users across 192 countries and 42 languages. For more information about Cornerstone, visit csod.com. Read Cornerstone’s blog at csod.com/blog. Follow Cornerstone on Twitter at twitter.com/CornerstoneInc. Like Cornerstone on Facebook at facebook.com/CSODcommunity.
Cornerstone empowers some of the world’s leading organizations, such as Starwood Hotels & Resorts, The Neiman Marcus Group, Save the Children, Turner Broadcasting System, Virgin Media and Pinkberry, to engage their workforces and leverage people performance for greater business results.
Cornerstone is headquartered in Santa Monica, California, with locations in Salt Lake City, Auckland, Hong Kong, London, Mumbai, Munich, Madrid, Paris, Rome, Sydney and Tel Aviv.