Assistant Controller

Babel Street is the trusted technology partner for the world’s most advanced identity intelligence and risk operations. We deliver advanced AI and data analytics solutions providing unmatched, analysis-ready data regardless of language, proactive risk identification, 360-degree insights, high-speed automation, and seamless integration into existing systems. Babel Street empowers government and commercial organizations to transform high-stakes identity and risk operations into a strategic advantage.  The actionable insights we deliver safeguard lives and protect critical assets around the world.  Babel Street is headquartered in Reston, Virginia, with regional offices in Boston, MA and Cleveland, OH, and international offices in Australia, Canada, Israel, Japan, and the U.K. For more information, visit www.babelstreet.com. 

About the role:

Position Summary: The Assistant Controller will play a critical role in the financial operations of Babel Street, supporting the Controller in all aspects of accounting, financial reporting, and internal controls. This position requires a highly analytical and detail-oriented individual with strong leadership potential, capable of managing complex financial tasks and contributing to strategic financial planning. The Assistant Controller will be instrumental in ensuring the accuracy and integrity of financial data, optimizing accounting processes, and ensuring compliance with all relevant regulations, directly contributing to our mission of providing trusted intelligence. 

What you will do:

Financial Reporting & Analysis: 

• Assist in the preparation of accurate and timely monthly, quarterly, and annual financial statements in accordance with GAAP.
• Support the Controller in analyzing financial data, identifying trends, and providing insights to senior management, including detailed budget vs. actual and departmental analyses.
• Perform comprehensive revenue analysis across various customer segments and product lines, including managing contract-based revenue recognition. 

 General Ledger Management & Month-End Close: 

• Lead and actively participate in the efficient execution of month-end and year-end close processes, ensuring deadlines are met.
• Oversee the review and approval of journal entries and account reconciliations, ensuring accuracy for complex areas such as accrued expenses and commissions.
• Maintain the integrity of the general ledger through diligent transaction coding and timely adjustments.
• Execute necessary recurring and ad-hoc journal entries, including amortization of various prepaids and deferred costs, fixed asset depreciation, intercompany adjustments, and accruals for significant expenses like interest, marketing, and bonuses.
• Proactively identify and correct miscoded items and streamline closing procedures. 

 Technical Accounting, including Revenue Recognition, and Internal Controls: 

• Manage the end-to-end revenue recognition process in accordance with ASC 606, including the review and approval of revenue arrangements, maintaining deferred revenue waterfalls, and performing manual adjustments for contract modifications.
• Ensure proper billing schedules are maintained and reconcile unbilled receivables balances.
• Perform technical accounting analysis including accounting for acquisitions, consolidations, foreign currency transactions and translations, leases, compensation, debt and equity, and other complex transactions
• Implement and maintain robust internal controls to safeguard company assets and ensure the accuracy and reliability of financial data. 

 Cash Flow & Expense Management: 

• Oversee the accurate posting of cash receipts.