Revenue Accountant

About Us: Transit Technologies serves as the parent company to a diverse network of transportation products and services that, together, cover the entire lifecycle of a vehicle using best-in-class software. An industry leader in the making, Transit Technologies is on a path to becoming a one-stop shop for transit solutions; a full end-to-end provider of revolutionized mobility services. SUMMARY Hands-on day-to-day management of the accounting functions for operating companies of Transit Technologies LLC. Responsibilities include Accounting, Reporting, , Billing, Accounts Receivable, Revenue and Deferred Revenue. ESSENTIAL DUTIES AND RESPONSIBILITIES (either company-wide or for certain of the company’s subsidiaries): · ASC 606 Compliance: Maintain expertise in ASC 606 revenue recognition guidelines, ensuring accurate reporting of revenue under both ASC 606 frameworks as required. · · ASC 605 Compliance: · Software Industry Focus: Apply revenue recognition principles specifically tailored to the software industry, including revenue allocation, Standalone Selling Price (SSP) and other industry-specific considerations. · SSP Allocations: Oversee the determination and allocation of Standalone Selling Prices (SSP) for contracts including multiple performance obligations, ensuring consistency and accuracy in revenue allocation. · Multiple Performance Obligation Arrangements: Analyze complex contractual agreements to identify performance obligations and allocate transaction prices appropriately in accordance with MCA guidelines. · Financial Reporting: Prepare and review revenue-related financial statements and disclosures, ensuring accuracy and compliance with GAAP (Generally Accepted Accounting Principles) and SEC (Securities and Exchange Commission) regulations. · Internal Controls: Develop and maintain robust internal controls related to revenue recognition processes, ensuring integrity and accuracy of financial data. · Cross-Functional Collaboration: Collaborate with cross-functional teams including Sales, Legal, and Product Development to review contracts, assess revenue implications, and resolve revenue recognition issues. · Audit Support: Serve as a key point of contact for external auditors, providing necessary documentation and explanations related to revenue recognition processes and transactions. · Continuous Improvement: Identify opportunities for process improvements and automation in revenue recognition processes, driving efficiency and accuracy in financial reporting. EDUCATION and EXPERIENCE · Bachelor’s degree in Accounting, Finance, or related field. · Active pursuit or possession of CPA certification preferred. · Minimum 3 years of experience in revenue accounting, preferably within the software industry. · In-depth knowledge of ASC 606 · Experience with SSP allocations, multiple performance obligation arrangements and revenue recognition complexities. · Previous experience in a Big 4 accounting firm highly desirable. · Strong analytical and problem-solving skills with keen attention to detail. · Excellent communication and interpersonal skills, with the ability to collaborate effectively both verbally and in writing across teams. · Proficiency in accounting software and MS Excel. · Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively. PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Regularly required to talk and hear. Frequently required to sit. Occasionally required to stand, walk, and reach with hands and arms. WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. WHY YOU SHOULD JOIN OUR TEAM… We are a great group of people making a difference in the communities we serve. At Transit Technologies we connect communities, empower individual journeys, enhance access to healthcare, and revolutionize mobility. Our cutting-edge solutions shape the future of transportation, seamlessly blending technology and transit to create a more connected, accessible world. We are a private equity backed technology business with strong double digit YoY organic growth and looking to acquire complimentary businesses. You will have the opportunity to gain broad experience across a portfolio of software companies where you will be exposed to company wide information, operations, and strategy. This is an opportunity to interact with decision leaders throughout the firm and have a real impact on the future. Our company culture is derived from TRUST of which we select employees monthly who exhibit values that reflect our core values: Teamwork: Collaboration is Key. We are at our best when we work together. Results: Results Drive Us. We are accountable for real results for clients, employees, and shareholders. Unstoppable: There are no limits to what we can accomplish when we dare to ask “why?” and challenge the status quo. Socially Responsible: Let’s make a positive difference in the communities we serve. Talent: Our people are rockstars. We are committed to hiring, retaining, and developing the top talent in the industry, allowing us to run toward challenges. Looking for an adventure in all directions? Join our team and buckle up! It’s going to be a wild and fun ride. Work remotely anywhere in the US. Why you should join our team . . . •At Transit-Technologies, we hire team members who can take initiative and ownership of their role and are dedicated to finding new clients and enhancing the experience of existing ones. Our work is extremely fast paced and never the same from day to day, and our team members appreciate the autonomy to manage their daily workload and contribute to the success of our company. Our sales team members work with amazing software solutions that have a great impact on the transportation industry providing service to their communities every day. Our team members find that the experience they gain helps them grow in their technical expertise and overall sales presentation skills, contributing to their overall professional development. •Transit-Technologies is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee based on race, color, religion, creed, national origin or ancestry, sex, physical or mental disability, veteran or military status, genetic information, or any other legally recognized protected basis under federal, state, or local laws, regulations, or ordinances.