Finance Transformation Specialist
Ultra Mobile
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Posted:
August 31, 2023
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Remote
About the position
The Finance Transformation Specialist role at ULTRA MOBILE is a pivotal position within the finance department, combining financial expertise with technological proficiency to drive efficiency, accuracy, and compliance in revenue recognition processes and financial operations. The specialist will lead the implementation and ongoing management of ASC 606 revenue recognition standards, identify opportunities for process improvement, utilize automation skills in Alteryx and Python, collaborate with cross-functional teams, and ensure risk mitigation and compliance. A Bachelor's degree in finance or accounting, extensive experience in revenue recognition, proficiency in Alteryx, and strong analytical and problem-solving abilities are required for this role.
Responsibilities
- Lead the implementation and ongoing management of ASC 606 revenue recognition standards
- Ensure compliance with ASC 606 regulations by analyzing complex revenue arrangements, identifying performance obligations, and assessing transaction price allocation
- Collaborate with cross-functional teams to interpret contracts and assess their impact on revenue recognition
- Maintain up-to-date knowledge of ASC 606 standards and guidance
- Identify opportunities for process improvement in financial operations, particularly in revenue recognition, billing, and financial reporting
- Develop and implement strategies to streamline processes, reduce manual intervention, and enhance accuracy
- Drive transformation initiatives to optimize financial workflows and minimize errors
- Utilize Alteryx to automate data preparation and cleansing tasks, allowing for more efficient analysis and reporting
- Develop and maintain automated financial models and reports using Python
- Implement robotic process automation (RPA) solutions where applicable to improve operational efficiency
- Collaborate with IT and data teams to ensure data integrity, availability, and security
- Work closely with compliance and audit teams to facilitate the auditing of revenue recognition processes
- Train finance and accounting teams on ASC 606 compliance and the use of automation tools
- Identify and address potential risks related to revenue recognition, ensuring adherence to regulatory guidelines
- Implement robust controls and documentation to support financial compliance.
Requirements
- Bachelor's degree in finance, accounting, or a related field (Master's degree or CPA preferred)
- Extensive experience in revenue recognition, with a deep understanding of ASC 606
- Proficiency in Alteryx for data preparation and automation
- Excellent analytical and problem-solving abilities
- Strong communication and collaboration skills to work effectively with cross-functional teams
Benefits
- Competitive salary
- Benefits package including health, disability insurance, and 401(k)
- Flexible spending accounts
- Employee Assistance Program (EAP)
- Education reimbursement
- Parental leave
- Unlimited vacation
- Bonuses
- Company paid holidays
- Remote work opportunity
- Opportunity to work with a talented finance team
- Opportunity to work with modern technology and automation tools (Alteryx, Python)
- Opportunity for process improvement and streamlining financial operations
- Collaboration with cross-functional teams
- Training on ASC 606 compliance and automation tools
- Risk mitigation and compliance measures
- Inclusive workplace with equal employment opportunities
- Opportunity for career growth and development
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