Accounting Manager - Revenue Accounting

ONE DIVERSIFIED, LLC•Chicago, IL

44d

About The Position

The Accounting Manager will be a key member of the revenue accounting team and is responsible for ensuring the accuracy of the company's revenue reporting directly impacting the financial well-being of the organization. We are seeking a skilled and detail-driven Accounting Manager with expertise in project-based or construction revenue recognition to lead financial reporting and compliance across multiple large-scale projects. This role is responsible for managing job cost accounting, WIP schedules, and ensuring timely, accurate revenue recognition in accordance with US GAAP (ASC 606). You will play a critical role in partnering with project managers, operations, and internal finance teams to ensure financial data integrity, compliance, and operational insight.

Requirements

5+ years of accounting experience in the construction or project-based industry, with demonstrated experience in revenue recognition, job costing, and WIP management. Deep knowledge of ASC 606, GAAP, and percentage-of-completion accounting.
Familiarity with project contracts, change orders, and billing schedules.
Advanced Excel skills (pivot tables, LOOKUPs, financial modeling).
ERP experienced (Microsoft D365 preferred).
Strong analytical and problem-solving abilities; capable of identifying and resolving root causes.
Excellent communication skills - able to clearly explain accounting matters to non-financial colleagues.
Experience working in fast-paced, high-volume environments with shifting priorities.
Comfortable working independently and collaboratively.
High attention to detail and strong sense of accountability.

Nice To Haves

Bachelor's degree in accounting or finance.
CPA, CMA, or similar certification (or actively pursuing) preferred.

Responsibilities

Lead GAAP-compliant revenue recognition processes, including percentage-of-completion (POC) under ASC 606.
Manage and update the Work-in-Progress (WIP) schedules, including cost-to-complete estimates and earned revenue.
Collaborate with PMs and FP&A to review forecasts, change orders, and contract amendments affecting revenue.
Collaborate with Finance Operations team to monitor billing schedules and project milestones to ensure correct timing of revenue and cost recognition.
Ensure ongoing compliance with internal controls related to revenue processes.
Maintain accurate job cost tracking and project-level P&L statements.
Review budgets, actuals, and perform margin variance analysis.
Collaborate with Finance Operations team to validate coding of costs to the correct jobs, phases, and categories.
Support project closeouts, including final billings and reconciliations.
Lead month-end and quarter-end close activities for POC revenue recognition accounting.
Prepare key reports: margin analysis, backlog reports.
Support external and internal audits with documentation and analysis.
Supervise and mentor revenue accountant or staff supporting projects.
Collaborate with operations and project managers to align project data with financial reporting.
Drive process improvements related to revenue recognition reporting.
Analyze revenue accounts for accuracy and investigate discrepancies.
Perform journal entries, reconciliations, and uploads to the ERP system.
Partner with internal teams to maintain project data hygiene and resolve cost transfer or closeout issues.
Assist with audit preparation and support compliance with contract terms.
Participate in ongoing process optimization and systems improvements.