Watershed is hiring a Technical Accounting Lead to own the most complex and judgment-heavy areas of our financial statements. You will be the primary technical accounting authority, designing strategic frameworks, authoring memos, and operationalizing key standards like ASC 606, ASC 340-40, and ASC 350-40 for our high-growth software business.

What You'll Do

Own technical accounting for revenue recognition (ASC 606), including reviewing non-standard contracts, identifying complex terms, and drafting technical revenue memos.
Manage end-to-end accounting for capitalized commissions (ASC 340-40), including calculating capitalization rates, amortization periods, and monthly journal entries.
Lead internally developed software accounting (ASC 350-40) by partnering with Engineering and Product teams to track development projects and determine capitalization vs. expense treatment.
Author high-quality technical accounting memos and maintain a comprehensive library of accounting policies and SOPs.
Serve as primary accounting partner for new product launches, partnerships, strategic transactions, and pricing changes.
Translate technical conclusions into practical guardrails that influence product design, deal structure, and go-to-market strategy.
Collaborate with Product and Engineering to define and validate revenue data pipelines, creating scalable accounting workflows.
Act as accounting DRI in cross-functional forums, proactively flagging risks and driving well-reasoned decisions.
Actively participate in month-end close for technical areas, including preparing or reviewing journal entries, complex reconciliations, and variance analyses.
Lead preparation of monthly, quarterly, and annual financial statements in accordance with US GAAP, including footnote disclosures.
Serve as a key liaison for external auditors, managing preparation of audit schedules, technical position papers, and responses to audit inquiries.
Drive automation initiatives by collaborating with stakeholders to automate contract intake, SSP allocation, and revenue reporting processes.
Define long-term priorities for revenue automation and continuous improvements to processes and controls, leveraging AI tools, ERP features, or emerging technologies.

What We're Looking For

8+ years of progressive accounting experience with deep expertise in technical revenue accounting and ASC 606 across SaaS, consumption-based, and professional services arrangements.
CPA required.
Deep proficiency in US GAAP, especially ASC 340-40 (Capitalized Commissions), and ASC 350-40 (Internal-Use Software).
Deep contract review experience including multi-element arrangements, milestone-based SOWs, usage-based models, and complex enterprise agreements.
Proven ability to advise Product and GTM teams on pricing, monetization strategy, and revenue recognition implications.
Systems mindset: ability to bridge technical accounting conclusions with system implementation.
Strong communication skills: able to explain complex accounting concepts to non-accountants.
Organized and detail-oriented with willingness to prepare journal entries, reconciliations, and own schedules.
Experience at a high-growth SaaS or technology company.

Nice to Have

Hands-on experience with NetSuite and Salesforce.
Experience with IPO readiness, public company reporting, or SOX environments.
Experience implementing or optimizing revenue recognition systems or commission automation tools.