Senior Accountant, Revenue Recognition:

Employer
FTI Consulting
Location
Annapolis, MD
Posted
Jul 17, 2017
Closes
Jul 20, 2017
Function
Accountant
Hours
Full Time
About the Company: FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,400 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. Our professionals are some of the most experienced leaders in their fields including: certified turnaround professionals, forensic accountants, corporate investigation specialists, intellectual property specialists, former political leaders, former chief executives, Nobel Laureate economists, banking and securities professionals, certified public accountants, e-discovery professionals, corporate, financial and crisis communications specialists, chartered financial analysts and industry experts. Since our founding in 1982, clients have turned to us for high-stakes issues that require specialized expertise. FTI Consulting was engaged to work on some of the biggest news stories of the last two decades including the Bernie Madoff investment securities scandal, the Stanford Financial Group investigation, the 2010 Gulf oil spill crisis, the Major League Baseball steroid investigation, and high profile corporate restructurings including Lehman Brothers, General Motors and CIT, just to name a few. FTI Consulting continually strives to offer employees and eligible dependents, including domestic partners and eligible domestic partner children, a competitive and comprehensive benefits package. Please click here for more information. FTI Consulting does not accept unsolicited resumes from external firms or agencies. FTI Consulting will not be responsible for placement fees associated with unsolicited resumes. FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation. About Forensic & Litigation Consulting: The Forensic & Litigation Consulting segment provides corporations, governments and law firms around the globe with the industry's most complete range of multidisciplinary, independent dispute advisory, investigative, data acquisition/analysis and forensic accounting services. Our professionals combine end-to-end capabilities with unmatched qualifications when clients face high stakes litigation, arbitration, compliance investigations or regulatory scrutiny. Our Forensic & Litigation Consulting services are offered through a global network of 53 offices in 18 countries. The successful candidate will sit in our Annapolis, MD offices. If you are interested in becoming part of a fast growing company and helping shape its future, read on. Primary Duties: Support revenue recognition and management of client billed and unbilled receivables for both the Forensic & Litigation Consulting and Health Solutions operating segments, including contract review, coordination with practice leaders managing engagements, calculation of revenue recognition and other valuation adjustments and related general ledger accounting, account reconciliations and monthly reporting, primarily for the North America practices. This position is located in our Annapolis, MD offices. Revenue Recognition Rotate responsibility for daily review of new engagement contracts and approval for system flags to allow revenue recognition Investigate exception reporting for the Matter Review & Approval process to ensure all engagements are appropriately reviewed Manage engagement tracking and analytics tool, including reserve sub-ledger and documentation of revenue recognition considerations and judgments Establish and maintain revenue recognition analyses for significant fixed fee and capped arrangements through the life of each engagement, including coordination of engagement team input documenting progress against full fee scope Monitor and investigate significant billable Outside Contractor activity to ensure all related revenue and cost are recorded in the appropriate period Oversee monthly reconciliations of all accrued and deferred revenue accounts, including first review of reconciliations prepared by Accounting Associate Accounts Receivable- Billed and Unbilled Coordinate monthly distribution of North America aged billed and unbilled receivable balances to engagement management personnel; evaluate feedback for required adjustments within the monthly close cycle Liaise with US Operations Lead to investigate aging billed and unbilled receivables, obtain status details from engagement managers and document conclusions regarding realization and collectability of all receivables Manage recording and reconciliation of all valuation reserves, including adjustment for in-period write off or collection Support preparation of monthly reporting package analyzing DSO statistics, bad debt expense and support for valuation reserves Participate in Financial Systems project teams developing new tools for financial and operational management of client engagements; support change in FLC procedures based on new tools and efficiencies Function as resource for process improvements and issue resolution for the North America Billing Shared Service Center handling outside contractor time entry and client invoice processing Monthly Accounting Close Calculate and post assigned journal entries, prepare related account reconciliation files, and maintain checklist record of completion Other duties as directed by the FLC Controller Operational Reporting Cross train to support weekly utilization reporting to practice management Qualifications And Required Skills: BS/BA in Accounting, CPA required. Minimum five to seven years overall experience, with Big 4 or national public accounting firm and large company private accounting mix preferred Excellent working knowledge of PC and network environments and advanced knowledge of Excel required; experience with IBM Cognos TM1 or similar reporting software strongly preferred Strong and practical working knowledge of US GAAP accounting, including exposure to foreign currency transactions Excellent interpersonal and communication skills Proven ability to work as a team member in a fast-paced environment Detail-oriented and dependable Position Classification: Exempt #LI-MS1 #CB#