Contract Revenue Accountant

Job Title: Sr. Revenue Recognition Accountant

Location: Remote US

Job Summary:

The Senior Revenue Recognition Accountant is responsible for ensuring accurate and timely recognition of revenue in accordance with applicable accounting standards and company policies. They will collaborate with cross-functional teams to review and analyze revenue contracts, assess revenue recognition implications, and provide guidance on revenue-related matters. The Senior Revenue Recognition Accountant will also assist in the preparation of financial statements and support external audits.

Essential Job Functions

· Review and analyze revenue contracts to ensure compliance with accounting standards and company policies.

· Assess revenue recognition implications of complex contracts and provide guidance to cross-functional teams.

· Collaborate with sales and finance teams to ensure accurate and timely recording of revenue transactions.

· Perform revenue calculations, including allocation of revenue, deferred revenue, unbilled revenue accounting, and associated accrued liabilities related to unbilled revenue

· Prepare all balance sheet reconciliations related to the revenue area

· Maintain revenue-related documentation, including contract summaries, revenue memos, and revenue recognition checklists.

· Assist in the preparation of financial statements, including revenue-related disclosures.

· Support external audits by providing documentation and explanations related to revenue recognition.

· Stay up to date with changes in accounting standards and regulations related to revenue recognition.

· Participate in process improvement initiatives to enhance the efficiency and effectiveness of revenue recognition processes.

Qualifications

· Bachelor's degree in accounting, finance, or a related field.

· CPA certification is required

· Minimum of 2 years of experience of public accounting experience in audit

· Minimum of 2 years of experience working in IT Managed Services industry

· Strong knowledge of revenue recognition principles, including ASC 606.

· Experience with analyzing complex revenue contracts and assessing revenue recognition implications.

· Proficient in using accounting software and Microsoft Excel.

· Excellent analytical and problem-solving skills.

· Strong attention to detail and accuracy.

· Ability to work independently and meet deadlines.

· Excellent communication and interpersonal skills.