Technical Accountant-Revenue Recognition (Consulting Engagement)

BG Solutions
Tysons Corner, VA
Jul 17, 2017
Aug 07, 2017
Full Time
Job Description Role: * 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 Company Description Our client company has hired us to engage in a search to fill a key position within their organization.

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