Controller

About Learning Without Tears (LWT)

At Learning Without Tears, we're more than just a company; we're a passionate, family-owned community on a mission to revolutionize education. We believe that learning should be engaging and joyful, which is why we create innovative, fun products and digital resources that empower educators and inspire children.

Every day, our commitment to collaboration and creativity propels us forward. We're dedicated to embracing change, striving for excellence, and simplifying processes to create a lasting impact in the lives of educators and learners alike.

Join our dynamic team and be a part of something truly transformative as we shape the future of education together!

The Controller will lead the accounting department and oversee day-to-day accounting operations, manage financial reporting, governance, internal controls, and ensure the company's accounting activities comply with GAAP.

What You'll Be Doing:

• Prepare and maintain the company's monthly and annual financial statements.
• Manage LWT accounting closing operations to determine revenue and related expenditure.
• Prepare and present technical research on complex revenue accounting issues.
• Review contracts under ASC606 to ensure accurate revenue recognition and related capitalization of deferred costs.
• Maintain SSP (Standalone Selling Price) to remain in compliance with ASC606.
• Process allocations related to multi-element arrangements and fair value allocation in accordance with GAAP
• Maintain deferred revenue reconciliations and ensure accuracy of balances monthly
• Maintain and assess the daily cash flow outlook to determine business funding draw and paydown requirements, as well as distributions to shareholders
• Prepare and analyze monthly revenue fluctuations to understand revenue drivers
• Oversee the preparation and completion of quarterly reconciliations and support for income taxes
• Manage contractual database of company terms and obligations
• Investigate, coordinate, and resolve contractual issues, partnering with Sales, Marketing, Customer Success, and other functional departments.
• Process revenue allocation and revenue plans in the accounting system to ensure accurate revenue recognition treatment in the general ledger and support the monthly closing process
• Review of A/R Aging to ensure timely collection of customer payments and appropriate reserve levels.
• Provide analytics for A/R, Deferred Revenue, Accrued Commissions, Revenue
• Determine the monthly revenue outlook and work with the Finance team to perform monthly financial planning, analysis, and reporting activities
• Oversee payroll activities managed by the Payroll Lead.
• Analyze and research actual to budget variances, partnering with finance to ensure accuracy of the monthly financial statements
• Review, manage and suggest improvements for various other processes such as accounts payable, payroll, journal entries, and make accounting decisions related to appropriate coding of expenses
• Work with the Inventory Management group to review and understand variances with inventory positions, value, quantity, and potential reserve requirements.
• Work with outside accounting firm to ensure the company's income tax returns are filed timely and accurately. Provide all necessary analysis and documentation for annual tax filings.
• Process and manage Intangible Assets, including monthly software capitalization and amortization transactions and reconciliation, and maintain schedules for internal and external capitalization expenses.
• Assist with the reconfiguration of current processes and controls and ad hoc requests as needed
• Hire, coach, motivate, evaluate, and manage accounting team by providing clear expectations and prioritization, actively communicating performance feedback, and coaching and mentoring staff to build an engaged, productive, and cohesive team
• Recommend and undertake projects to research and implement improvements or additions to the company's policy, processes, and procedures to ensure accuracy and efficiency of financial reporting

Your Experience & Qualifications:

• B.A. or B.S. in Accounting or Finance; or equivalent combination of education and work experience; CPA preferred
• 8+ years progressive accounting and/or finance experience in a consulting or public accounting firm, or public / private mix
• Knowledge of GAAP rules related to revenue reporting and ASC 606, technology industry/SaaS based company accounting principles and accounting for multiple element arrangements
• Strong analytical and problem-solving skills
• Strong organizational skills with the ability to handle multiple projects at once while completing quality work on a timely basis
• Excellent verbal and written communication skills
• Excellent interpersonal skills with a focus on providing outstanding customer service to a variety of internal and external stakeholders
• Experience in accounting and CRM systems, NetSuite and/or Salesforce preferred
• Experience with corporate income tax return preparation is a plus
• Proficient in Microsoft Office (Outlook, Word, Excel, etc.)

Why Work with Us?

• Mission-Driven Impact: Join a team passionate about making a difference and driving positive change.
• Growth and Development: We invest in your success with ongoing learning and career opportunities.
• Work-Life Balance: Enjoy flexible work options, generous PTO, and wellness support.
• Inclusive Culture: We foster a diverse, collaborative, and supportive workplace.
• Competitive Benefits: Receive competitive pay, comprehensive benefits, and employee recognition.

Apply now at https://www.lwtears.com/join-our-team

Learning Without Tears is an Equal Opportunity and Affirmative Action Employer.