Revenue Accountant

Revenue Accountant: Job Description

The Revenue Accountant plays a critical role in ensuring the accurate and timely recognition, recording, and reporting of all revenue streams for the company. This position is responsible for maintaining compliance with relevant accounting standards (e.g., ASC 606/IFRS 15), strengthening internal controls, and providing insightful financial analysis to support strategic decision-making. The Revenue Accountant will work closely with various departments, including Sales, Legal, Operations, and IT, to ensure revenue processes are efficient and data integrity is maintained.

• Revenue Recognition & Reporting:
  • Ensure accurate and timely recording of revenue transactions in accordance with Generally Accepted Accounting Principles (GAAP), specifically ASC 606 or IFRS 15, and company policies.
  • Review contracts and customer agreements to determine appropriate revenue recognition treatment, including identifying performance obligations, transaction prices, and allocation methods.
  • Prepare and analyze monthly revenue reports, including detailed reconciliations of revenue accounts, deferred revenue, and unbilled receivables.
  • Perform variance analysis to identify and investigate discrepancies and provide explanations for fluctuations in revenue.
  • Prepare month-end and year-end closing entries related to revenue.
  • Manage and track deferred revenue and unbilled revenue balances, ensuring proper amortization and accruals.
  • Prepare revenue allocations as required for complex contracts or multi-element arrangements.
• Compliance & Controls:
  • Assist in the development, implementation, and maintenance of robust revenue recognition policies and procedures.
  • Establish and maintain strong internal controls within the revenue cycle to safeguard company assets and ensure data accuracy.
  • Collaborate with internal and external auditors by providing necessary documentation, explanations, and supporting analysis for revenue-related audits.
  • Stay abreast of changes in accounting standards and regulatory requirements related to revenue recognition and ensure timely adoption.
• Analysis & Collaboration:
  • Provide financial insights and analysis related to revenue trends, customer segments, and product/service profitability to management.
  • Collaborate cross-functionally with Sales, Legal, Operations, and IT teams to ensure proper understanding of contract terms, accurate billing, and seamless data flow for revenue tracking.
  • Identify opportunities for process improvement and efficiency gains within the revenue accounting function, including the implementation of new billing systems or automation tools.
  • Support financial forecasting and budgeting processes by providing accurate revenue data and projections.
• System & Data Management:
  • Maintain accurate records of revenue transactions and reconcile accounts to ensure all revenue is correctly accounted for.
  • Utilize and optimize accounting and revenue management software (e.g., SAP, Oracle NetSuite, Workday, Sage Intacct, Zuora RevPro, RightRev) for revenue tracking and reporting.
  • Ensure data integrity between various systems that impact revenue recognition.

• Education: Bachelor's degree in Accounting, Finance, or a related field. CPA or CMA certification is a plus.
• Experience: 2-5 years of progressive experience in accounting, with a strong focus on revenue recognition. Experience in a fast-paced environment or specific industry (e.g., SaaS, technology, professional services) may be preferred depending on the company.
• Technical Skills:
  • In-depth knowledge of U.S. GAAP (specifically ASC 606) or IFRS 15 revenue recognition standards.
  • Proficiency in ERP systems and accounting software (e.g., SAP, Oracle NetSuite, Workday, Sage Intacct, QuickBooks).
  • Advanced Microsoft Excel skills (e.g., pivot tables, VLOOKUPs, complex formulas) for data analysis and reporting.
  • Experience with revenue recognition software (e.g., Zuora RevPro, RightRev, BillingPlatform) is highly desirable.
• Soft Skills:
  • Exceptional analytical and problem-solving abilities with a keen eye for detail and accuracy.
  • Strong written and verbal communication skills, with the ability to articulate complex accounting concepts clearly to non-finance stakeholders.
  • Excellent organizational and time management skills, with the ability to manage multiple priorities and meet tight deadlines.
  • Proactive and self-motivated with a strong work ethic.
  • Ability to work independently and collaboratively within a team environment.
• Preferred Qualifications (Optional):
  • Experience with subscription-based revenue models.
  • Familiarity with financial reporting tools and business intelligence platforms.
  • Experience with process automation initiatives.

Job Type: Full-time

Work Location: In person