What are the responsibilities and job description for the Director of Accounting position at ThoughtSpot?
Thoughtspot is looking for a Director of Accounting to oversee and manage the organization's accounting operations, ensuring compliance with financial regulations, and providing strategic financial guidance. This senior-level position reports directly to the senior most leader in the Corporate Controller Team and plays a crucial role in maintaining the financial health of the company. The ideal candidate will have a strong understanding of US GAAP, management experience under ASC 606 in software applications, and practical experience scaling accounting operations.
Key Responsibilities:
Develop and implement accounting policies and procedures to ensure accuracy and efficiency in financial reporting
Direct the day-to-day operations of accounting functions, including general ledger, accounts payable, accounts receivable, and financial reporting
Manage and mentor a team of accounting professionals, providing guidance and fostering a collaborative work environment
Oversee the monthly, quarterly, and annual financial close processes
Prepare and analyze financial statements, including cash flow statements
Ensure compliance with GAAP and other relevant financial standards
Collaborate with external auditors for the successful completion of audits
Provide financial analysis and recommendations to support strategic decision-making
Implement and maintain robust internal control systems
Assist in the ongoing compliance with ASC 606, including developing and maintaining revenue recognition policies and procedures
Analyze complex customer contracts to determine appropriate revenue recognition treatment under ASC 606
Review revenue-related and other journal entries, ensuring accuracy and compliance with US GAAP
Qualifications:
Bachelor's degree in Accounting, Finance, or related field; CPA required
10 years of experience of accounting operations
In-depth knowledge of US GAAP
Proficiency in Netsuite, Coupa or other procurement tools, Salesforce, FloQast and other accounting process tools, along with advanced Excel skills
Excellent analytical and problem-solving abilities
The successful candidate will play a crucial role in ensuring the company's day to day transactions recognition practices are accurate, compliant, and support informed business decisions
