Senior Contract Revenue Accountant
About The Position
Robert Half is seeking a Senior Contract Revenue Accountant to join their Corporate Revenue Accounting team. This role is crucial for ensuring timely and accurate revenue recognition, involving all aspects of the revenue accounting process. Key responsibilities include contract review for revenue implications under ASC 606, verifying accounting system setup of contractual terms, performing month-end and quarter-end close activities, and conducting post-close financial reporting. The position demands exceptional attention to detail, a strong technical understanding of ASC 606 (training provided), and the ability to meet tight deadlines. Given the high volume of revenue contracts processed, teamwork is essential. This role collaborates cross-functionally to develop and maintain best-in-class processes for seamless revenue recognition execution.
Requirements
- B.A., B.S. Degree in Accounting
- 2+ years’ experience in public Accounting or 4+ years in accounting/finance
- Experience in reviewing contractual agreements for financial terms
- Financial ERP systems experience
- Proficiency in Microsoft Office (Word, Excel, Power Point) applications
- Ability to grasp new concepts and/or systems and technology quickly
- Excellent oral and written communication skills
- Demonstrated project management skills
- A strong customer service orientation
Nice To Haves
- Operational accounting, Revenue analysis or Financial analysis experience
- Experience in a consulting services industry
- Knowledge and experience applying GAAP including revenue recognition and Sarbanes-Oxley
- Working experience with client contracts review and revenue accounting
- Experience in a high volume, operational accounting environment
- CPA a plus
Responsibilities
- Review project activation requests and evaluate underlying contracts to ensure proper documentation for revenue accounting under ASC 606.
- Ensure contract review and accounting processes follow company policies.
- Review underlying budgets to determine if contract terms are appropriately reflected.
- Resolve questions arising from the review process with professional services sales leadership.
- Apply relevant system flags for transactions, non-standard contract terms, volume discounts, other fees & charges, or other revenue impacting contract items.
- Serve as a subject matter expert on the revenue implications of contract terms and conditions.
- Act as a technical accounting resource to business engagement management and the legal department during the contracting process to optimize terms for timely revenue recognition.
- Review re-estimated budgets for compliance with contract terms.
- Validate the completeness of any required contract change order documents.
- Enforce compliance with revenue policy to ensure accurate percentage-of-completion recognition under ASC 606.
- Collaborate with billing teams, practice engagement team members, the corporate legal group, and operations groups to understand and resolve issues identified in project life cycle maintenance and closure reviews.
- Work directly with professional services sales leadership.
- Relay complex information clearly and concisely to simplify understanding of accounting concepts.
- Apply knowledge of revenue policy and historical trends in preparing executive-level summaries for leadership.
- Demonstrate a customer service focus and strive to meet team goals.
- Escalate unresolved issues with sound judgment.
- Contribute ideas and system requirements to IT configuration partners.
- Participate in designing how new business and accounting requirements might take shape within the system.
- Perform testing in development environments to ensure system improvements are functioning as intended and reports accurately reflect transactions.
Benefits
- Group health insurance benefits (medical, vision, dental)
- FSA and HSA healthcare accounts
- Life and accident insurance
- Adoption and fertility assistance
- Paid parental leave of up to 6 weeks
- Short/long term disability
- Paid time off for vacation, personal needs, and sick time (up to 17 days per calendar year)
- Up to 11 paid holidays per calendar year
- 401(k) savings and investment plan or deferred compensation plan (if eligible), with an employer match of 100% on the first 3% of your contributions for eligible employees
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What This Job Offers
Job Type
Full-time
Career Level
Senior
