Signant Health

  • Revenue Accountant

    Job Locations US-PA-Plymouth Meeting
    Job ID
    2019-4126
    Category
    Accounting/Finance
    Position Type
    Permanent Employee - Full-Time
  • Role Overview

    The Revenue Accountant position is responsible for ensuring accurate and timely revenue recognition during the monthly close, reading contracts and creating, maintaining and updating contracted customer revenue schedules within the ERP system, monitoring project budget vs. actual performance, generating revenue forecasts, and analyzing project performance. This position reports to Senior Revenue Accountant and performs a highly visible role within the Accounting department. Accordingly, this person will work closely with Senior Accounting and Finance management.

    Key Accountabilities/Decision Making & Influence

    KEY ACCOUNTABILITIES

    1. Accurately upload and maintain project revenue schedules in the ERP system (NetSuite and GreatPlains) for new signed contracts and change in scopes, with analysis and classification of contract details according to all revenue recognition rules within the ERP System to ensure proper revenue recognition in accordance with company policies.
    2. Perform monthly revenue calculations for all revenue streams within the ERP System and uploads from source files. Create and post general ledger entries and prepare account analysis for revenue related areas
    3. Maintain and monitor summary revenue reconciliations, including actual vs. budget of projects’ contracted terms.
    4. Respond timely and serves as point of contact for contract revenue reconciliations and communicates the reconciliation trends and complex issues within Project Delivery Managers and Finance, Contracts and Logistics Departments. Manages email inbox communication.
    5. Perform month-end duties including but not limited to account reconciliations, inventory reconciliations, roll-forward analyses on deferred revenue and accounts receivable invoicing.
    6. Prepare inventory and margin analyses and post related inventory reconciliation entries within the ERP System(s).
    7. Monitor and calculate revenue backlog.
    8. Review project profitability and performance to determine if change orders are warranted
    9. Provide information to the Accounts Receivable Team to ensure proper billing and collections as needed
    10. Assist in enhancing revenue related financial systems, processes, and controls, including assisting with upgrade and data migration to new revenue tool in ERP system
    11. Prepare special project analyses and assist in additional assignments to address special requests as directed.  

     

    DECISION MAKING AND INFLUENCE

    1. Highly collaborative relationship with Project Managers, Collections and Pricing & Contract, and Accounts Receivable Billing & Collections Team(s) to multiple contracting entities and global customer base.
    2. Collaborative relationship with members of the Accounting and Finance, Planning & Analysis functions at global and multiple subsidiaries.
    3. Collaborative relationship with Finance-IT to support ERP system processes, automation and upgrades and integrating other systems which feed to the general ledger.

    Knowledge, Skills & Attributes

    KNOWLEDGE, SKILLS & ATTRIBUTES

     

    Essential:

    1. BS/BA in Business, Accounting or Finance or equivalent work experience required
    2. 2 years minimum of progressive accounting experience with technical knowledge of revenue recognition experience; Industry experience of multiple deliverables and milestone revenue is a plus.
    3. Experienced utilizing accounting data within an ERP system, extracting and formatting ERP data exports and managing organized paperless records; NetSuite ERP knowledge is a plus.
    4. Advanced level proficiency in Microsoft Office, including Excel and Outlook including the ability to work with large amounts of data, ability to recognize data patterns and anomalies, and perform pivot tables, V/H-lookups, Sum-ifs and other advanced functions.
    5. Ability to pay close attention to detail with excellent accuracy, completeness and consistency, while adhering to strict deadlines with excellent organization and ability to thoroughly document workpapers.
    6. Strong communication skills (written and oral) to present information and respond to inquiries from various managers, clients or employees of the organization.
    7. Demonstrated effective judgement and analytical/problem solving skills to deal effectively and professionally with obstacles that arise with external and internal stakeholders
    8. Confident and professionally poised with proven ability to work in a fast-paced team environment, meet deadlines and adapt to a change with a seamless effect on the business.
    9. A positive approach and willingness to learn coupled with the ability to work in a team environment.

     

    Desirable:

    1. Prior experience with revenue recognition accounting and interpreting contract data, and/or experience in the pharmaceutical/life sciences and/or technology industry.
    2. Experience using NetSuite ERP accounting systems.
    3. Experience with process mapping, ERP system migrations and implementation and general ledger automation projects

     

    Direct Reports: 0

    Indirect Reports: 0

    Travel

    • International - No
    • % Travel: 0% local inter-office sites
    •  

    Budget Responsibility: [€] 0

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