Orbweaver, a growing provider of supply chain software and integration solutions, is seeking a Financial Controller to join the team in Burr Ridge, IL with hybrid work options. This hands-on leadership role oversees end-to-end accounting operations, monthly closes, ASC 606 SaaS revenue recognition, GAAP reporting, and external-audit coordination as the company scales its SaaS business.
Key Responsibilities
- Own the monthly, quarterly, and annual close, including the close calendar, journal entries, account reconciliations, and the trial balance.
- Manage the general ledger, payroll accounting, fixed assets, and prepaid/accrual schedules.
- Maintain the chart of accounts and written accounting policies aligned with US GAAP.
- Own the full-cycle accounts payable process: vendor onboarding and W-9/1099 setup, purchase-order and invoice matching, GL coding, approval routing, payment runs, and vendor reconciliations and inquiries.
- Own the full-cycle accounts receivable process: customer billing and invoicing, cash application, collections and dunning, and resolution of billing disputes.
- Maintain AR and AP aging and manage DSO and DPO to protect working capital.
- Reconcile AR and AP subledgers to the general ledger each period and maintain the related accrual and allowance estimates, including the allowance for credit losses.
- Keep billing tied to the CRM/billing system and to the ASC 606 revenue schedules so invoicing, recognized revenue, and AR stay in agreement.
- Own revenue recognition for subscription and services arrangements under ASC 606, including performance-obligation analysis, contract modifications, and multi-element allocations.
- Maintain deferred revenue and contract-asset schedules; reconcile recognized revenue to billings and to the CRM/billing system each period.
- Reconcile ARR/CARR and bookings to GAAP revenue, and work with revenue operations to keep the ARR waterfall accurate across new, expansion, contraction, and churn.
- Prepare timely, accurate GAAP financial statements and the monthly management reporting package, with variance analysis against budget and prior period.
- Prepare lender and investor reporting, including debt covenant calculations and compliance certificates.
- Coordinate sales/use tax, income tax, and other filings with outside tax advisors; monitor SaaS sales-tax nexus.
- Serve as the primary contact for the annual external audit; prepare workpapers and the PBC list and resolve auditor requests.
- Design and maintain internal controls over financial reporting that fit the company’s size and risk profile.
- Support customer and partner compliance requirements, including security and audit clauses in customer contracts (eg SOC reporting).
- Own cash management, bank reconciliations, and short-term cash forecasting.
- Forecast working-capital needs and time funding and disbursements against the cash position.
- Administer and improve the accounting/ERP and billing systems; keep a clean integration between the CRM (HubSpot), billing, and the general ledger.
- Document accounting processes and build workflows that scale as the company grows.
- Manage and develop accounting staff and outside service providers.
- Support budgeting, forecasting, and board and investor materials; provide analysis for pricing, contracts, and strategic decisions.
- Support diligence and integration for potential financing or M&A activity.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- Seven or more years of progressive accounting experience, including time as a controller, assistant controller, or accounting manager.
- Direct SaaS / subscription-software accounting experience, including ASC 606 revenue recognition and deferred revenue.
- Ownership of a full monthly close and preparation of GAAP financial statements.
- Hands-on ownership of full-cycle accounts payable and accounts receivable, including billing, collections, and vendor management.
- Experience managing or supporting an external audit.
- Strong Excel skills and hands-on experience with a cloud accounting/ERP system.
Preferred Qualifications
- CPA license (active or inactive).
- Public accounting (audit) background, ideally with technology or SaaS clients.
- Experience at a venture- or private-equity-backed company, including lender covenant and investor reporting.
- Exposure to M&A, financing transactions, or fundraising support.
- Working knowledge of SaaS metrics: ARR, CARR, net and gross revenue retention, CAC, and churn.
Compensation & Benefits
Compensation: $110,000 - $140,000, plus market performance incentives.
- Health care at no cost for the entire family
- Four weeks PTO
- 3% 401(k) match
- Nine company holidays
- Supportive culture
- 401(k) plan with company match
- Dental insurance
- Health insurance
- Vision insurance
- Work from home
About the Company
Orbweaver is a supply chain software and integration platform company that helps manufacturers, distributors, suppliers, and procurement teams modernize and automate complex commerce and operational workflows. Through configurable SaaS products, integrations, APIs, and data orchestration capabilities, Orbweaver enables organizations to streamline product data exchange, purchasing, inventory visibility, supplier collaboration, and transactional automation.
Position Summary
Reporting to the Chief Financial Officer, the Controller owns the company’s accounting operations end to end, including running the monthly close, owning SaaS revenue recognition under ASC 606, producing GAAP financial statements, and serving as the primary contact for the external audit. This is a hands-on role at a growing SaaS business where the Controller both builds processes and executes them.
Application Questions
- Do you have experience working in the SaaS (Software as a Service) industry?
