Company Description
WHO WE ARE
Velotic is a newly-formed independent software company with a pure-play focus on industrial operations. We unite two category-defining portfolios -- ThingWorx and Kepware (formerly part of PTC) and Proficy (formerly part of GE Vernova) -- to transform industrial manufacturing, at scale. With $350M in annual revenue, a global footprint across a range of industries, a legacy customer base, and our intelligent data connectivity systems and AI solutions, we are one of the world's largest independent software companies focused on industrial operations -- here to power the future of manufacturing.
OUR MISSION
Enabling the world's industrial producers to do the right things right—across every shift, every plant, every day. We help manufacturers prosper by equipping them with software-defined, data-driven production systems that elevate quality, accelerate cycle times, improve resilience, and enable sustainable profit growth.
OUR VALUES
How we work matters as much as what we build. We shine brighter, bringing curiosity and energy to ever problem. We build what matters, turning fresh thinking into real impact. We move with pace and purpose, favoring good decisions made quickly. And we win the right way — together, holding ourselves to the highest standards of ethics, integrity, and respect. These values shape how we hire, lead, and hold each other accountable, every day.
Job Description
About the Role
We are seeking for the role of a Lead Revenue Accountant who is responsible for overseeing the company's revenue accounting activities and ensuring revenue is recognized accurately and in accordance with applicable accounting standards and company policies. This role serves as a key accounting resource for complex customer contracts and works closely with Billing, Order Management, Sales, Finance, and other cross-functional teams.
The ideal candidate has strong technical accounting and analytical skills, experience with revenue recognition, and the ability to independently evaluate complex contracts and transactions. This role is also expected to provide guidance to other members of the Finance organization and identify opportunities to improve revenue processes and controls.
Key Responsibilities
- Oversee day-to-day revenue accounting activities and ensure revenue is recognized accurately and timely.
- Analyze customer contracts and determine the appropriate accounting treatment under ASC 606.
- Identify performance obligations and determine appropriate revenue recognition methods and timing.
- Evaluate standalone selling prices and allocation of transaction consideration among performance obligations.
- Analyze contract modifications, renewals, cancellations, expansions, and other changes to customer arrangements.
- Perform revenue recognition for software, SaaS, term licenses, professional services, maintenance, and other revenue streams.
- Evaluate time-and-materials, fixed-price, milestone-based, and other professional services arrangements.
- Prepare and review revenue recognition calculations, journal entries, and supporting schedules.
- Monitor contract assets, contract liabilities, deferred revenue, and other revenue-related balance sheet accounts.
- Perform monthly revenue reconciliations and investigate variances between billing, subledgers, and the general ledger.
- Support month-end and year-end close activities, including preparation and review of revenue-related journal entries and account reconciliations.
- Review billing activity to ensure it is consistent with contractual terms and revenue recognition requirements.
- Partner with Billing and Dispute Resolution teams to research and resolve revenue-related billing issues.
- Provide accounting guidance to Sales, Operations, Order Management, and other business functions regarding contract structure and revenue implications.
- Maintain revenue accounting policies, procedures, and documentation.
- Identify opportunities to improve revenue processes, systems, controls, and reporting.
- Assist with the implementation and maintenance of revenue recognition systems and automation.
- Prepare analyses and documentation supporting internal and external audits.
- Research technical accounting matters and document conclusions for complex or unusual transactions.
- Monitor changes in accounting standards and assess their potential impact on the company's revenue accounting practices.
- Provide training, guidance, and technical support to accountants and other Finance team members.
- Participate in special projects, process improvements, system implementations, and other Finance initiatives as needed
Qualifications
Qualifications
- Bachelor's degree in Accounting, Finance, Business, or a related field.
- 8+ years of accounting or finance experience, with significant experience in revenue accounting.
- Strong understanding of U.S. GAAP and revenue recognition principles.
- Working knowledge of ASC 606 and experience applying its requirements to customer contracts.
- Experience analyzing contracts and determining appropriate revenue recognition treatment.
- Strong analytical, problem-solving, and technical accounting skills.
- Excellent attention to detail and ability to manage multiple priorities.
- Strong written and verbal communication skills.
- Advanced proficiency with Microsoft Excel.
- Experience working with an ERP or revenue management system.
- Experience with software, SaaS, technology, professional services, or other subscription-based businesses.
- Experience with complex, multi-element customer contracts.
- Experience with term and perpetual software licenses.
- Experience with professional services revenue recognition, including percentage-of-completion or other input/output methods.
- Experience evaluating standalone selling prices and allocating transaction consideration.
- Experience with contract modifications under ASC 606.
- Experience with Netsuite or similar systems.
- Experience with revenue recognition automation and system implementations.
- Experience supporting external audits and technical accounting reviews.
What Success Looks Like
Success in this position will be measured by the ability to:
- Ensure revenue is recognized accurately, completely, and in accordance with U.S. GAAP.
- Independently evaluate complex contracts and clearly document accounting conclusions.
- Complete revenue-related close activities accurately and within established deadlines.
- Identify and resolve revenue accounting issues before they impact financial reporting.
- Maintain strong controls and documentation surrounding the revenue recognition process.
- Serve as a trusted accounting resource for cross-functional teams.
- Identify and implement improvements that increase the efficiency and scalability of revenue processes.
Why This Is A Once-In-A-Career Opportunity
- Lead in a market undergoing significant disruption and growth from cloud migration to edge intelligence to AI-powered industrial automation.
- Join a culture defined by ambition, authenticity, speed, teamwork, and the belief that manufacturing can meaningfully improve the world.
- Competitive benefits, compensation and long-term impact on how the world’s industrial companies operate, automate, and innovate.
Additional Information
Why Join Velotic
Velotic is uniquely positioned at the intersection of industrial operations, advanced connectivity, and AI. Joining now means you can help shape:
Culture & Growth
- Build foundational systems, processes, and culture from day one.
- Work within a team defined by ambition, collaboration, authenticity, and speed.
- Influence global operating models and employee experience at scale.
Work-Life Balance
- Base Salary: MXN 576,000 - 720,000
- Performance Bonus
- Flexible work arrangements
- Discretionary Time Off (DTO)
- Global paid parental leave
- Employee Assistance Program (EAP)
Join Us
Learn more at: www.velotic.com
United Kingdom
United States