Revenue Accounting Manager

Summary

Join Precisely, a leader in data integrity, as their Revenue Accounting Manager-Business Advisory. You will play a pivotal role in managing and overseeing the revenue recognition process, ensuring compliance with US GAAP and ASC 606. This position requires close collaboration with various internal teams, including FP&A, Sales, Legal, GL Accounting, and Deal Desk. You will report to the Director, Revenue Accounting and manage a team of revenue accountants. Precisely offers a 'work from anywhere' culture and is committed to career development. The company values openness, determination, individuality, and collaboration.

Requirements

• Bachelor's degree in Accounting
• Minimum of 5 years of experience in revenue accounting including software moving from perpetual licensing to subscription, with at least 2 years in a supervisory or managerial role
• Solid understanding of revenue recognition principles and accounting standards (ASC 606)
• Public accounting auditing experience
• Proven experience in leading and managing a team of revenue accountants
• Strong leadership and mentoring skills with a focus on team development
• Proficiency in using accounting software and ERP systems
• Alteryx, and advanced Excel skills
• Strong analytical skills with the ability to review and analyze revenue contracts and transactions for accuracy
• Proven ability to troubleshoot and resolve complex accounting issues
• Effective communication skills with the ability to collaborate with cross-functional teams
• Ability to convey financial information in a clear and concise manner
• Experience in identifying process improvement opportunities and implementing changes for increased efficiency
• Familiarity with best practices in revenue accounting and a commitment to continuous improvement
• Understanding of accounting regulations and a commitment to ensuring compliance within the revenue accounting function

Responsibilities

• Manage and oversee the revenue recognition process for revenue contracts to ensure all revenue is recognized in compliance with US GAAP and company policies
• Analyze and interpret complex contracts, such as those for perpetual software, SaaS, term based software, and professional services to determine appropriate revenue recognition treatments under ASC 606 and Precisely's revenue policies
• Coordinate with Sales, Legal, and other departments to resolve revenue recognition issues and ensure all terms and conditions are accurately reflected in financial reporting
• Collaborate with Deal Desk, Sales, Legal, and Finance teams to gather information for accurate revenue recognition. Support complex revenue areas with contractual terms and deal structures. Provide workpapers, adhoc analysis, and inputs to the FPA process. Address revenue-related inquiries from other departments and assist external auditors during audits
• Review and validate revenue recognition entries, primarily related to revenue contracts, in Precisely's financial system (NetSuite ARM) for accuracy and completeness
• Prepare and review revenue-related reports and power point presentations for large and complex contracts
• Provide guidance to internal teams on revenue recognition requirements and best practices
• Stay informed about changes in accounting standards, regulations, and best practices to ensure ongoing compliance
• Lead or participate in special projects and process improvements related to revenue recognition
• Manage a team of revenue accountants, offering guidance and support in their daily activities. Conduct performance reviews and encourage professional development within the team

Preferred Qualifications

• CPA or equivalent certification
• Netsuite ARM
• Familiarity with automated revenue recognition tools

Benefits

• Work from anywhere culture
• Opportunities for growth, learning and building community