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Senior Manager of Revenue Recognition in Morrisville, NC at Vaco

Date Posted: 4/2/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    At least 7 year(s)
  • Date Posted:
    4/2/2019
  • Job ID:
    SENIO36985

Job Description



Sr. Manager of Revenue Recognition

This Senior Manager will be supervising a team of 5-9 individuals who have solid revenue accounting experience. The Senior Manager should be someone who can take control of the day-to-day operations of the revenue group, managing the revenue system, etc. so that the Director can focus on more strategic areas.

Candidates need to be strong from a technical accounting standpoint (ASC 606, software revenue recognition, SOX, etc.) and should have good leadership/mentor skills in order to effectively supervise the team.

The Sr. Revenue Manager will be responsible for ensuring that the revenue accounting monthly/quarterly close functions are performed completely, timely and in accordance with US GAAP. This position will be a key part of the finance team.

S/he will work closely with the accounting, finance, order management and IT groups to ensure that the company's revenue is recorded correctly and that the revenue systems are updated and maintained regularly and will also manage and mentor the work of several revenue accountants.

Primary Responsibilities:
  • Perform month-end close tasks associated with revenue recognition, including the review of deferred revenue reconciliations, validating deferred revenue, and the posting of monthly revenue journal entries, as required
  • Assist Revenue Director by providing advisory assistance to sales organizations with respect to product launches and new product offerings and related promotions to prevent technical accounting, policy or process issues in the area of revenue recognition
  • Lead initiatives for ongoing process and systems improvements for ERP system and the revenue system to increase compliance, integrity, scalability and transparency
  • Works closely with the Order Management, Credit and Collection, and Sales Operations to ensure compliance with the company's revenue recognition policy and facilitates revenue-related information exchange
  • Review specific price promotion and/or exception documentation for potential revenue implications
  • Review contracts/agreements to identify pertinent terms and issues to account for them appropriately in the systems and suggest resolutions to business managers
  • Work actively with external auditors to ensure that revenue recognition interpretations are consistent and compliant with GAAP
  • Assist with implementation of ASC 606 guidance
  • Manage software updates and programming information needed to maintain the revenue software package
Minimum Qualifications for consideration:
  • Reviewing, researching, analyzing and accounting for complex accounting transactions under both ASC 605 and 606.
  • Preparing technical memos and ensure compliance with US GAAP and perform deal reviews.
  • Preparing SSP calculations and analyses.
  • Industry experience with at least 2-3 years specifically related to revenue recognition working with multiple element arrangements and software revenue recognition (SOP 97-2, 08-1).
Core Competencies:
  • Strong working knowledge of the process flow from order to cash.
  • Ability to identify critical revenue issues from upstream process changes, articulate the impact and enlist necessary actions from cross-functional stakeholders
  • Ability to work independently and perform multiple concurrent and diversified tasks
  • Problem solving - the ability to solve complex problems
  • Communications - Ability to communicate and influence senior management within the organizational matrix
  • Strong analytical skills
Leadership Skills:
  • Highly organized and detail-oriented
  • Excellent communication skills
  • Ability to mentor, train and retain accounting team

If you are qualified, please apply below and include a resume in Word format. Questions? Please contact Beth Shandley, Nick Palacios, Joe Lucas, Ruth Y., or Josh VanNamee at 919-719-6500.

Note: Your resume will never be submitted to a client company without your prior knowledge and approval.

U.S. Citizens and those authorized to work in the U.S. are encouraged to apply. We are unable to sponsor at this time.

Know someone who is well-qualified for this role? If you refer someone to us, and we place them at any time in the future, Vaco will send you a generous referral bonus.