Accounting Manager, Sales Commissions



Accounting & Finance, Sales & Business Development
Palo Alto, CA, USA
Posted on Saturday, March 23, 2024

The worldwide data management software market is massive (According to IDC, the worldwide database software market, which it refers to as the database management systems software market, was forecasted to be approximately $82 billion in 2023 growing to approximately $137 billion in 2027. This represents a 14% compound annual growth rate). At MongoDB we are transforming industries and empowering developers to build amazing apps that people use every day. We are the leading developer data platform and the first database provider to IPO in over 20 years. Join our team and be at the forefront of innovation and creativity.

MongoDB continues to grow incredibly fast. We are looking for a highly motivated and experienced Sales Commissions Accounting Manager to play a key role within MongoDB’s Sales Compensation team. This is the perfect opportunity to roll up your sleeves and have a positive impact at a hyper-growth company. In this high impact role, you will work closely with executives and internal functions including Sales, Sales Operations, Sales Analytics, Deal Desk, Business Systems, Finance and Accounting, and HR to improve and establish processes and systems for our next stage of growth. This will be a very hands-on role, reporting to the Director, Sales Compensation, and will help support the build out and ongoing administration of our sales incentive programs while overseeing the sales commission calculation and payout process.

The Impact You Will Have:

  • Own MongoDB commission accounting and facilitates the monthly close process for our domestic and international entities. This includes close coordination as well as recording and reviewing journal entries, account reconciliations and fluctuation analysis
  • Manager a team of 2 direct reports
  • Lead actuals to budget reconciliations and act as point of contact with FP&A team
  • Work closely with Sales Operations, FP&A and Commissions Manager to evaluate new compensation plan changes and assess accounting impact and operational feasibility
  • Manage increased complexity of commissions accounting due to changes in accounting guidance
  • Dedicated subject matter expert of MongoDB’s Capitalized Commission Process
  • Own commission SOX controls and liaise with internal and external auditors, enforce and help to refine our commissions accounting policies under US GAAP including Technical Accounting Memos
  • Drive continuous improvements to the close process through automation and rethinking legacy processes, maintain and draft process documents
  • Assist with system integration activities, which includes implementing a variety of finance and accounting solutions (Xactly CEA Accrual, Xactly Incent, NetSuite, etc)

Experience and Skills:

  • 5+ years of professional accounting experience
  • CPA required
  • 1 to 2 years of people management experience
  • Strong knowledge of US GAAP, ASC 606 & SOX
  • Business systems knowledge such as Xactly, NetSuite and Floqast highly preferred
  • Knowledgeable of internal controls over financial reporting and ability to implement controls to mitigate business risks
  • Proficiency in Excel and other Microsoft Office applications
  • Strong interpersonal and communication skills and ability to collaborate across multiple departments
  • Experience in scaling processes from ground up to a highly optimized state
  • Sensitive to deadlines and able to prioritize multiple projects and responsibilities
  • Working knowledge of incentive plan structures (quotas, accelerators, pay mix, and on-target earnings) and systems
  • Ability to work in a multifaceted and fast growth environment with changing priorities (Being a great teammate)

Personal Attributes:

  • Detail oriented with excellent organizational and time management skills
  • Excellent verbal and written communication, collaborative, and people skills
  • Self-motivated with ability to work independently and take initiative
  • Ability to grow and think outside the box, identify problems or opportunities to improve upon existing processes and provide innovative solutions

To drive the personal growth and business impact of our employees, we’re committed to developing a supportive and enriching culture for everyone. From employee affinity groups, to fertility assistance and a generous parental leave policy, we value our employees’ wellbeing and want to support them along every step of their professional and personal journeys. Learn more about what it’s like to work at MongoDB, and help us make an impact on the world!

MongoDB is committed to providing any necessary accommodations for individuals with disabilities within our application and interview process. To request an accommodation due to a disability, please inform your recruiter.

MongoDB, Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type and makes all hiring decisions without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

MongoDB’s base salary range for this role is posted below. Compensation at the time of offer is unique to each candidate and based on a variety of factors such as skill set, experience, qualifications, and work location. Salary is one part of MongoDB’s total compensation and benefits package. Other benefits for eligible employees may include: equity, participation in the employee stock purchase program, flexible paid time off, 20 weeks fully-paid gender-neutral parental leave, fertility and adoption assistance, 401(k) plan, mental health counseling, access to transgender-inclusive health insurance coverage, and health benefits offerings. Please note, the base salary range listed below and the benefits in this paragraph are only applicable to U.S.-based candidates.

MongoDB’s base salary range for this role in the U.S. is:
$90,000$176,000 USD