Senior Accountant (AR and Revenue) - cents : Job Details

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Want to be a part of a team revolutionizing and leading an entire industry with no real competition? The laundry industry is a $40+ billion dollar market, and the Cents platform is making it easier for laundromats, dry cleaners, and all garment care businesses to grow, manage, and understand their business. Backed by top-tier investors like Bessemer, Camber Creek, and Tiger Global, Cents is one of the fastest-growing vertical SaaS companies in the USA, and we're just getting started. Already profitable and growing incredibly quickly each year, we have entered the absolute best stage of being a startup.

About Cents

Cents is a New York-based technology company passionate about transforming the laundry industry and dedicated to enabling new ways of working, earning, and living. Cents is modernizing garment care businesses by providing an all-in-one, business-in-a-box platform to help operators start, manage, and grow their businesses. By building a market-leading SaaS product for this industry, we aim to revolutionize the industry through our suite of software (Cents Point of Sale) and hardware (Pulse, Penny, and Laundroworks) products.

Our team is full of passionate technology experts obsessed with supporting and empowering SMBs. We feel the unique responsibility and opportunity we have to elevate an industry. We're adding great talent to help achieve this mission, and that's where you come in!

About The Role

The Senior Accountant (AR and Billing Specialist) will be responsible for overseeing the company's accounts receivable (AR) and billing processes, ensuring that invoices are accurately generated, payments are promptly received, and outstanding accounts are efficiently managed. This role involves managing the entire billing cycle, collaborating with sales and operations teams, and ensuring timely collections and accurate reporting of AR balances. The Senior Accountant will also provide insights into cash flow management and assist with monthly and year-end closings.

Accounts Receivable Management

• Oversee and manage the AR process, including analyzing aging reports to identify at-risk accounts and coordinating with collections team to ensure proper treatment
• Prepare AR aging reports and provide regular updates to senior management on outstanding balances and cash flow projections
• Provide insights into AR performance and recommend strategies to optimize collections and reduce DSO (Days Sales Outstanding)
• Identify opportunities for process improvements in the AR and billing functions to enhance efficiency and accuracy
• Work with cross-functional teams to streamline billing workflows and automate routine tasks
• Oversee our offshore billing team of around 2
• Implement best practices for credit management and collections processes

Revenue Recognition

• Assist in the application of revenue recognition policies to ensure compliance with accounting standards (e.g., ASC 606)

Month-End and Year-End Closing

• Ensure that AR and billing-related transactions are accurately recorded during the month-end and year-end close processes
• Prepare monthly revenue journal entries in accordance with ASC 606Prepare reconciliations for AR and revenue accounts as part of the financial close
• Reconcile Stripe payouts, ensuring all transactions are properly recorded and discrepancies are resolved promptly
• Collaborate with auditors during the audit process and provide necessary documentation

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field
• CPA or similar professional certification is a plus
• Minimum of 5 years of experience in accounts receivable, billing, or a related accounting role
• Experience with billing systems and accounting software (e.g., Maxio, Xero, Salesforce) is required. Implementation experience is preferred
• Proven experience with month-end and year-end closing processes, as well as financial reporting
• Strong understanding of accounting principles, particularly in AR and revenue recognition
• Advanced proficiency with accounting software and Microsoft Excel (pivot tables, VLOOKUP, etc.)
• Ability to manage multiple priorities and meet deadlines
• Strong attention to detail and accuracy in billing and AR transactions
• Excellent communication skills with the ability to handle customer inquiries and collaborate across teams
• Strong analytical and problem-solving skills

Requirements

• Work from our office in NYC 1-3 days a week, depending on proximity

About Us

There's a Laundry List of Why You'll Love Working at Cents!

We are leaders - Leadership is not exclusive to the management team, but something everyone at Cents embraces and wants to get better at.

We are overachievers - The only true way to predict the future is to build it yourself. No excuses. Give 100% at all times.

We are students - We're not afraid to dig in and uncover the truth, even if it's scary or inconvenient. Everyone here is continually learning on the job, no matter if we've been in a role for one year or one minute.

We are committed to diversity and tight knit community - We're committed to growing and empowering a more inclusive community within our company, industry, and cities. That's why we hire and cultivate diverse teams of the best and brightest from all backgrounds, experiences, and perspectives. We believe that true innovation happens when everyone has room at the table and the tools, resources, and opportunity to excel.

Benefits and Perks

We offer great compensation packages, and comprehensive health benefits, & believe in a strong cohesive team atmosphere. Work from-home office stipend, virtual team events, and access to learning opportunities from our team and network of advisors, and investors are just the starting point.

• Equity
• Unlimited PTO and paid holidays
• Remote-first with offices in New York City and San Francisco
• Health benefits, including medical, dental, vision, mental health support, parental leave, life and AD&D insurance, and disability
• 401(k)
• Work-from-home and commuter stipends
• Laundry reimbursements to support our customers' businesses
• Comprehensive training, learning, and development programming
• Access to hundreds of discounts and rewards from renowned vendors including deals on health & wellness, travel, dining, auto insurance, and so much more!

Please be aware that all legitimate recruitment communications from Cents will come through our official channels (@trycents.com email domain, our official careers page, or verified phone calls following email introductions). Also please note that we will never ask for money or sensitive financial information.

If you are contacted through other means or asked for such details, please assume that the communication is not legitimate. Please forward any such communications to us at [email protected] and we can confirm this for you.

Seniority level

• Seniority levelMid-Senior level

Employment type

• Employment typeFull-time

Job function

• Job functionAccounting/Auditing and Finance
• IndustriesInformation Technology & Services and Software Development

Referrals increase your chances of interviewing at Cents by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Paid paternity leave

Disability insurance

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