Senior Revenue Accountant Revenue Recognition – Percentage of Completion (POC)

Cytel • United States,

3d

About The Position

Cytel is seeking an experienced Senior Revenue Accountant with strong expertise in ASC 606 revenue recognition, particularly Percentage-of-Completion (POC) accounting for project-based contracts. The role primarily applies cost-based revenue recognition, using project costs as a measure of progress toward completion. Direct experience with cost-to-cost methods is highly preferred.

The Senior Revenue Accountant manages revenue recognition for long-term project-based contracts, evaluates contracts and performance obligations, monitors project costs and estimates, and prepares revenue schedules and related accounting support. The position works with Project Management, Finance, and Accounting teams and supports close, financial reporting, and audits.

Candidates must be authorized to work in the US and/or Canada without sponsorship and be comfortable working in the Eastern time zone.

Requirements

• Strong knowledge of ASC 606 and revenue recognition principles.
• Hands-on experience with Percentage-of-Completion (POC) revenue recognition, preferably using a cost-to-cost methodology.
• Experience accounting for long-term, project-based contracts and recognizing revenue as performance obligations are satisfied.
• Ability to evaluate project costs, estimated costs to complete, and revenue recognition adjustments.
• Experience with month-end close, journal entries, reconciliations, and financial reporting.
• Strong Excel skills and experience working with ERP or accounting systems.
• Ability to collaborate with project managers and cross-functional stakeholders to ensure accurate financial reporting.
• Authorized to work in the US and/or Canada without sponsorship.
• Comfort working in the Eastern time zone.

Nice To Haves

• Revenue accounting experience in project-based professional services, consulting, engineering, technology implementation, or similar environments.
• Experience with SaaS revenue recognition, including subscription arrangements and implementation services.
• Familiarity with recognizing SaaS subscription revenue ratably over the contractual service period, as appropriate under ASC 606.
• Experience with revenue accounting modules in ERP systems such as NetSuite, Oracle, or similar platforms.
• Direct experience with project-based, cost-to-cost POC revenue recognition rather than exclusively SaaS subscription revenue recognition.

Responsibilities

• Manage revenue recognition activities in accordance with ASC 606, primarily using Percentage-of-Completion (POC) accounting for project-based contracts.
• Calculate and recognize revenue based on project progress using actual costs incurred relative to total estimated project costs (cost-to-cost methodology).
• Monitor project budgets, actual costs, estimated costs to complete, and scope changes to support accurate revenue recognition.
• Review contracts to determine revenue recognition methods, performance obligations, and timing.
• Prepare and review monthly revenue schedules, journal entries, reconciliations, and supporting documentation.
• Partner with Project Management, Finance, and Accounting teams to evaluate project progress, assess cost estimates, and resolve revenue recognition discrepancies.
• Analyze contract modifications and changes in estimated project costs for their potential impact on recognized revenue.
• Support month-end and quarter-end close activities, financial reporting, and audit requirements related to revenue recognition.
• Maintain documentation supporting revenue calculations and compliance with applicable accounting standards.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed