Senior Accountant - Revenue

About xAI

xAI’s mission is to create AI systems that can accurately understand the universe and aid humanity in its pursuit of knowledge. Our team is small, highly motivated, and focused on engineering excellence. This organization is for individuals who appreciate challenging themselves and thrive on curiosity. We operate with a flat organizational structure. All employees are expected to be hands-on and to contribute directly to the company’s mission. Leadership is given to those who show initiative and consistently deliver excellence. Work ethic and strong prioritization skills are important. All engineers are expected to have strong communication skills. They should be able to concisely and accurately share knowledge with their teammates.

About the Role

We are seeking a meticulous and experienced Senior Revenue Accountant to join our finance team in Palo Alto. This role is pivotal in ensuring the financial integrity of xAI’s revenue processes as we scale our operations, including the development of large-scale data centers. You will specialize in revenue recognition and management, ensuring compliance with GAAP standards, particularly ASC 606, while collaborating closely with finance and engineering teams to deliver timely and accurate financial insights. Your expertise will drive efficient revenue workflows, support strategic decision-making, and maintain the highest standards of accuracy and compliance.

Responsibilities

• Revenue Recognition : Oversee revenue recognition processes, including contract review, revenue allocation, and recognition in accordance with ASC 606.
• Review and analyze customer contracts for proper revenue treatment, including multiple-element arrangements.
• Ensure timely and accurate invoicing, collections, and revenue recording.
• Maintain customer relationships, resolve billing discrepancies, and respond to inquiries promptly.
• Streamline revenue workflows and implement process improvements to enhance efficiency.
• Deferred Revenue and Billing : Manage deferred revenue accounting, including setup, amortization, and adjustments.
• Maintain accurate deferred revenue schedules and ensure proper documentation and tracking.
• Oversee billing cycles and revenue-related adjustments.
• Perform monthly reconciliations of revenue accounts to the general ledger.
• Calculate and record revenue adjustments in accordance with company policies and GAAP.
• Conduct periodic reviews of revenue streams and coordinate with other departments to ensure compliance.
• Assist with revenue forecasting and reporting for budgeting and planning purposes.
• General Accounting & Reporting : Support month-end and year-end close processes, including preparing journal entries, account reconciliations, and financial reports.
• Ensure compliance with internal controls, policies, and procedures.
• Support external audits by providing documentation and explanations related to revenue and billing.
• Collaborate with the accounting team to prepare financial statements and ad-hoc reports as needed.
• Identify opportunities to automate and improve accounting processes using ERP systems or other tools.

Required Qualifications

Preferred Qualifications

Interview Process

After submitting your application, our team will review your CV and statement of exceptional work. If your application advances, you will be invited to a 15-minute phone interview to discuss basic qualifications. Successful candidates will proceed to the main process, which includes :

Our goal is to complete the main interview process within one week.

Annual Salary Range

$110,000 - $150,000 USD

Benefits

Base salary is just one part of our total rewards package at xAI, which also includes equity, comprehensive medical, vision, and dental coverage, access to a 401(k) retirement plan, short & long-term disability insurance, life insurance, and various other discounts and perks.

xAI is an equal opportunity employer.

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