Lease Accounting Specialist
Riot Platforms, Denver, CO, United States
Lease Accounting Specialist
We are seeking a Lease Accounting Specialist to own the end-to-end billing, collections, and lease accounting process. This role is responsible for ensuring customers are invoiced accurately and on time, payments are tracked and applied correctly, and revenue-related accounts are complete, accurate, and reconciled monthly. The position requires close partnership with the Sales, Operations and Technical Accounting Departments to understand the contracts. This role requires someone who is comfortable taking initiative, building processes, and operating independently in a fast-paced, high-standards environment. This position will report to the Corporate Accounting Manager. Essential Functions Own the revenue process from contract review through billing, customer interaction, and account reconciliation. Ensure invoices are issued accurately and in alignment with revenue schedules for long-term, recurring data center colocation/hosting, project-based, and/or usage-based billings. Prepare and post monthly revenue journal entries within NetSuite. Reconcile revenue, AR, deferred revenue, and other revenue-related accounts monthly. Work closely with other departments, such as sales, to ensure excellent customer service and to be able to identify potential collectability issues and work with others to address them professionally. Help develop, document, and maintain standardized policies and processes for the revenue cycle. Review customer contracts to help determine proper revenue treatment in accordance with ASC 606 and ASC 842 (lessor). Analyze monthly revenue trends and provide variance explanations to management. Coordinate with FP&A to forecast revenue and identify and explain unusual fluctuations. Maintain documentation and internal controls over revenue processes, ensuring compliance with GAAP, internal policies and adhering to SOX controls. Assist in quarterly reviews and annual audits by supporting the revenue-related testing inquiries. Ability to take on additional accounting-related responsibilities as needed. Knowledge, Skills, and Abilities Experience with billing and accounts receivable systems and business processes. Understanding of U.S. GAAP principles, especially ASC 606 and ASC 842. Proven ability to interpret complex customer contracts. Experience collaborating with customers, team members, and cross-functional departments. Experience operating independently or building a function. Effective verbal, written, and listening communication skills to support the needs of other departments, auditors, and management. Work independently and take initiative. Proficient in Microsoft Excel. Attention to detail. Education and Experience 5+ years of revenue and billing experience. Degree in Accounting. Data Center, colocation, real estate and/or construction experience preferred. ERP system such as NetSuite, required. Compensation and Benefits $85,000-$115,000 base salary range, commensurate with experience 401k plan with company matching Great medical, vision, and dental plans to choose from Long-term and short-term disability Additional benefit options (Employee Assistance Program, Pet Insurance, and more) Flexible Spending Accounts A fun company culture with tremendous growth opportunities! Riot is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
We are seeking a Lease Accounting Specialist to own the end-to-end billing, collections, and lease accounting process. This role is responsible for ensuring customers are invoiced accurately and on time, payments are tracked and applied correctly, and revenue-related accounts are complete, accurate, and reconciled monthly. The position requires close partnership with the Sales, Operations and Technical Accounting Departments to understand the contracts. This role requires someone who is comfortable taking initiative, building processes, and operating independently in a fast-paced, high-standards environment. This position will report to the Corporate Accounting Manager. Essential Functions Own the revenue process from contract review through billing, customer interaction, and account reconciliation. Ensure invoices are issued accurately and in alignment with revenue schedules for long-term, recurring data center colocation/hosting, project-based, and/or usage-based billings. Prepare and post monthly revenue journal entries within NetSuite. Reconcile revenue, AR, deferred revenue, and other revenue-related accounts monthly. Work closely with other departments, such as sales, to ensure excellent customer service and to be able to identify potential collectability issues and work with others to address them professionally. Help develop, document, and maintain standardized policies and processes for the revenue cycle. Review customer contracts to help determine proper revenue treatment in accordance with ASC 606 and ASC 842 (lessor). Analyze monthly revenue trends and provide variance explanations to management. Coordinate with FP&A to forecast revenue and identify and explain unusual fluctuations. Maintain documentation and internal controls over revenue processes, ensuring compliance with GAAP, internal policies and adhering to SOX controls. Assist in quarterly reviews and annual audits by supporting the revenue-related testing inquiries. Ability to take on additional accounting-related responsibilities as needed. Knowledge, Skills, and Abilities Experience with billing and accounts receivable systems and business processes. Understanding of U.S. GAAP principles, especially ASC 606 and ASC 842. Proven ability to interpret complex customer contracts. Experience collaborating with customers, team members, and cross-functional departments. Experience operating independently or building a function. Effective verbal, written, and listening communication skills to support the needs of other departments, auditors, and management. Work independently and take initiative. Proficient in Microsoft Excel. Attention to detail. Education and Experience 5+ years of revenue and billing experience. Degree in Accounting. Data Center, colocation, real estate and/or construction experience preferred. ERP system such as NetSuite, required. Compensation and Benefits $85,000-$115,000 base salary range, commensurate with experience 401k plan with company matching Great medical, vision, and dental plans to choose from Long-term and short-term disability Additional benefit options (Employee Assistance Program, Pet Insurance, and more) Flexible Spending Accounts A fun company culture with tremendous growth opportunities! Riot is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.