Revenue Accounting Manager

Summary

Join Precisely, a leader in data integrity, as their Revenue Accounting Manager-Operations & Reporting. You will manage and oversee the operations, reporting, and accounting related to revenue recognition, ensuring accurate and compliant financial reporting. This role requires robust expertise in revenue recognition principles and strong leadership skills to optimize revenue-related processes. You will supervise a team of accountants, collaborate with various departments, and manage revenue-related items for audits. The ideal candidate possesses extensive experience in revenue accounting, including software transitions from perpetual licensing to subscription, and a proven track record of team leadership. Precisely offers a 'work from anywhere' culture and opportunities for career development.

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
• Understanding of accounting regulations and a commitment to ensuring compliance within the revenue accounting function

Responsibilities

• Ensure that all manual accounting for complex/large customer contracts, as well as multi-customer portfolio arrangements, are fully and accurately reflected in Netsuite ARM
• Collaborate with Corporate Revenue: Strategy & Controls team to ensure Netsuite ARM accounting accuracy for new products, sales motions, and customer programs
• Ensure accurate and timely monthly close processes
• Oversee the month-end close cycle for revenue by maintaining and publishing the close calendar, and managing the close process with all stakeholders
• Conduct high-quality and prompt reviews of all month-end close deliverables
• Perform close-related controls including but not limited to Review and approve revenue accounting journal entries for accuracy and completeness (both individual and portfolio-based)
• Review and approve revenue-related balance sheet account reconciliations
• Ensure timely and accurate quarterly/monthly revenue reports
• Monitor revenue flux by license type
• Track deferred revenue, contract assets, and working capital flux
• Prepare revenue schedules by license, business, and product type
• Maintain remaining performance obligation schedule
• Enhance smart analytics for P&L and B/S flux
• Work closely with the IT and Operations teams to ensure the accuracy of data inputs into financial systems
• Continuously improve and automate revenue recognition processes to enhance efficiency and scalability
• Supervise and mentor a team of accountants, providing guidance on complex revenue recognition issues and helping them develop professionally
• Collaborate with sales, legal, and other departments to ensure accurate contract and billing data
• Manage revenue-related items for GAAP and regional statutory audits
• Provide support for non-routine or new statutory audit requests
• Train regional resources to address routine statutory audit requests

Preferred Qualifications

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

Benefits

• Opportunities for growth, learning and building community
• ���work from anywhere” culture