The Senior Revenue Accountant will oversee and participate in all aspects of the revenue accounting function while ensuring accurate and timely revenue recognition in accordance with IFRS policies and procedures for all projects across legal entities. The Senior is responsible for the delivery of monthly financial data to specified deadlines, performing comprehensive and prompt analysis around revenue and margin transactions and reports and tracks developments in customer projects. The Senior also will supervise the Revenue Staff Accountant(s). The Senior reports to the US Controller and performs a highly visible role within the Finance department and works closely with other profiles in various departments across the organization.
Key Accountabilities/Decision Making & Influence:
Review complex multiple element arrangements of new signed contracts and change in scopes, advise and setup all revenue recognition rules within the ERP System to ensure proper revenue recognition in accordance with company policies.
Directly supervise, mentor and train on procedures and evaluates performance of the Revenue Accountant(s).
Oversee the preparation of various deliverables of the monthly reporting process including: journal entries, monthly reconciliations of Revenues, Deferred Revenues, Inventory and Cost of Goods Sold, variance analyses of budgeted and forecasted revenues, margin analyses and backlog reviews for all legal contracting entities.
Track and analyze revenue and invoicing data impacting rebate and commissions plans and ensure adjustments and accruals are recorded correctly in the consolidated financials.
Maintain and monitor summary revenue reconciliations, including actual vs. budget of projects’ contracted terms.
Respond to requests/inquiries from cross functional teams including Project Managers, Sales, Pricing, Contracts, Logistics and Operations regarding revenue transactions, related ERP system changes, process changes, and product portfolio updates.
Support and provide guidance to the Accounts Receivable Team to ensure proper billing and collections as needed.
Assist in budgeting and periodic forecasting.
Analyze, recommend, and support ERP system(s) implementations and changes including user testing, as they relate to the revenue cycle and revenue recognition.
Maintain and seek to improve process and system efficiencies, including strengthening internal controls and collaborating with Finance, Sales and Contracts teams to ensure that revenue recognition policies and procedures are consistent, compliant and allow efficient reporting.
Serve as liaison and manage responses to external audits.
Prepare special project analyses and assist in additional assignments to address special requests as directed. Assist upper management on various requests related to tax filings, compliance, ad-hoc reporting, special project analyses and administrative needs as assigned.
DECISION MAKING AND INFLUENCE
Collaborative relationship with members of the Accounting and Finance, Planning & Analysis functions at global and multiple subsidiaries.
Collaborative relationship with Finance-IT to support ERP system processes, automation and upgrades and integrating other systems which feed to the general ledger.
Work with International Controllers to manage the monthly close and intercompany reconciliation processes.
ROLE HAS ONE DIRECT REPORT
Knowledge, Skills & Attributes:
Bachelor’s degree in accounting required; CPA, a plus
5 years of progressive accounting experience with technical knowledge of revenue recognition experience; Industry experience of multiple deliverables and milestone revenue is a plus.
Experienced utilizing accounting data within an ERP system, extracting and formatting ERP data exports and managing organized paperless records; NetSuite ERP knowledge is a plus.
Advanced level proficiency in Microsoft Office, including Excel and Outlook including the ability to work with large amounts of data, ability to recognize data patterns and anomalies, and perform pivot tables, V/H-lookups, Sum-ifs and other advanced functions.
Ability to pay close attention to detail with excellent accuracy, completeness and consistency, while adhering to strict deadlines with excellent organization and ability to thoroughly document workpapers.
Effective time management skills to develop and direct realistic action plans for the supervised teams, while creating an environment encouraging collaboration and ensuring internal and external stakeholder satisfaction.
Strong communication skills (written and oral) to present information and respond to inquiries from various managers, clients or employees of the organization.
Demonstrated effective judgement and analytical/problem solving skills to deal effectively and professionally with obstacles that arise with external and internal stakeholders
Confident and professionally poised with proven ability to work in a fast-paced team environment, meet deadlines and adapt to a change with a seamless effect on the business.
A positive approach and willingness to learn coupled with the ability to work in a team environment.
Prior experience within a public accounting firm and/or auditing experience, and/or experience in the pharmaceutical/life sciences and/or technology industry.
Experience using NetSuite ERP accounting systems.
Experience with process mapping, ERP system migrations and implementation and general ledger automation projects