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Revenue Accountant
1 week ago
Duties & Responsibilities
- Completes the revenue accounting activities and tasks required to process bookings and revenue recognition using established practices and methods.
- Review sales revenue information for accuracy and completeness and performs the correct revenue recognition procedures.
- Completes monthly, quarterly, and annual reviews, closings and reconciliations.
- Prepares transactions, reports, and filings accurately that comply with US GAAP, IFRS, ASC 605-25, 985-605 and other applicable regulations and practices.
- Active management of deferred revenues in accordance with GAAP and company policies - enabling accurate and timely information is provided to the finance team for purposes of revenue and cash forecasting.
- Providing bandwidth for ad-hoc projects that help achieve various company initiatives, including the transition to ASC 606.
- Reviewing and analyzing contracts and other financial agreements
- Read and interpret complex fee language in legal documents, deducing revenue implications of these agreements and translating into fee models.
- Partner with the team and drive opportunities for technology and process improvements
- Work with the Senior Revenue Associate to ensure quality output of Revenue related activities.
- Responsible for period close activities related to member billings and collections such as manual journal entries, account reconciliations, fluctuation analysis for management and external audit schedules.
- Continuously improve business processes, systems, and enhance documentation and controls as part of our SOX compliance efforts.
- Partner with the business to assist in the review of sales agreements to assess the revenue recognition impact.
- Review current revenue recognition processes/procedures and implement process improvements to improve efficiency and timeliness of the close and reporting.
- Work with diverse and cross-functional teams, domestically and internationally
- Investigate variances between actual results and forecasts and assist in the budgeting process as needed.
- Support quarterly reviews and annual audits performed by external auditors.
- Liaise with auditors and provide information requested by internal and external auditors.
- Any ad-hoc request
PREFRRED QUALIFICATION, SKILLS AND EXPERIENCE
- Minimum 3 years related experience, preferably in multinational company.
- ERP system experience preferably in SAP
- Strong technical accounting skills and exposure to revenue recognition rules under U.S. GAAP
- Technical knowledge and practical knowledge of revenue recognition standards ASC 605 and ASC 606
- Proficiency in Microsoft Office, particularly Excel.
- Strong analytical skills, a can-do attitude with good organizational and problem-solving skills, as well as attention to detail.
- Attention to detail to ensure accuracy across all organization’s revenue-related financial reports.
- Demonstrate appropriate understanding/working knowledge of accounting principles and internal controls, and applies them to provide objective, timely, and accurate financial information to meet regulatory and legislative requirements.
- Strong communication skills (written, oral, interpersonal communication and presentation skills) to collaborate with other departments.
- Demonstrate exceptional problem-solving skills, both technical and interpersonal
- Impeccable attention to detail, strong analytical skills, and ability to multi-task on a variety of complex projects
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