Revenue Accountant II

OneStream•Birmingham, MI

11d•$90,500 - $100,000•Hybrid

About The Position

OneStream is searching for a Revenue Accountant II to join our Accounting team. The Revenue Accountant II will have strong expertise in ASC 606 revenue recognition, GAAP financials, and multi-element arrangement (MEA) allocations. This role requires hands-on experience with contract accounting, journal entries, and revenue management systems, with a focus on accuracy, compliance, and efficiency.

Requirements

Bachelor’s degree in Accounting, Finance, or related field, or relevant work experience.
3-5 years of experience in revenue accounting or related role.
Strong knowledge of ASC 606 and GAAP financials.
Experience with MEA allocations and complex contract structures.
Proficiency in Sage Intacct (contracts module experience strongly preferred).
Solid understanding of deferred revenue (short-term and long-term) and unbilled revenue.
Strong analytical skills with attention to detail and accuracy.
Excellent communication and collaboration skills.
Ability to effectively communicate internally and externally with customers.
Strong planning and prioritization skills.
Demonstrate the ability to remain flexible and adjust to changing priorities as needed.
Detail-oriented with excellent analytical skills for data mining (with high volume transactions).
Able to exercise independent judgment and problem-solve.

Nice To Haves

Integration and configuration experience is a plus.
CPA or progress toward CPA certification preferred but not required

Responsibilities

Assist in preparation of the monthly financial package, including key metrics, financial results, and variance reporting.
Apply ASC 606 standards to revenue recognition across diverse contracts and arrangements.
Ensure compliance with GAAP financial reporting requirements.
Perform MEA allocations and account for complex revenue streams.
Manage contract accounting, including accounting upon delivery and milestone-based recognition.
Prepare and post journal entries related to revenue, deferred revenue, and unbilled revenue.
Reconcile and maintain the balance sheet accounts related to revenue and contracts.
Work extensively with Sage Intacct, including the contracts module, to manage revenue processes.
Track and report on long-term and short-term deferred revenue balances.
Monitor and account for unbilled revenue, ensuring timely recognition and reporting.
Collaborate with cross-functional teams (Sales, Legal, Operations) to ensure contract terms are properly reflected in accounting.
Support month-end and quarter-end close processes, including revenue reconciliations and reporting.
Assist with audits and provide documentation to support revenue recognition policies and practices.
Report and analyze key revenue metrics such as Annual Recurring Revenue (ARR) and Remaining Performance Obligations (RPO), providing insights to management for forecasting and strategic decision-making.