Principal Accountant (Revenue Analyst)

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Job Description:

The position will support revenue and revenue recognition processes, including supporting and leading process enhancements and system upgrades. A successful candidate will have a solid understanding of the analytics, revenue process, revenue recognition, and revenue accounting experience combined with strong analytical skills. This role will work collaboratively and cross functionally with other team members in sales, accounting, finance, billing, product, and marketing. Qualified candidates will have strong attention to detail and accuracy.

This position is an integral team member of the Finance team and reports to the Director for Accounting & International. Ideal candidates have a passion to improve processes, embrace change, and enjoy the technical aspects of revenue. Performing journal entries, reconciliations, analytics and reporting to management. Success in this role requires strong teamwork and collaborative skills to work and communicate across functional teams such as Financial Planning & Analysis, Sales Operations, Accounts Receivable, Reporting and Financial Systems. An independent self-starter with strong attention to details and the ability to understand transaction workflows are key to success. Experience with foreign currency would be beneficial. Seeking a candidate who enjoys process improvement, is unafraid of change. Recently we went live with financials on a new ERP system (Workday) and new billing system (SalesForce).  We are also currently investing in a tool to automate and help streamline the revenue deferral/accrual calculations. 

Essential Duties and Responsibilities

• Accountable for the calculations for deferred revenue, accrued revenue, and specific sales credit reserves.
• Prepare monthly accrued and deferred revenue journal entries and supporting account reconciliations in accordance with the monthly close schedule.
• Prepare monthly sales credit reserve entries (general and reserve) and account reconciliations in accordance with the monthly close schedule.
• Act as liaison with Billing, Collections, and Sales for Sales Credit Reserves to enhance efficiency.
• Accountable for monthly revenue metrics, roll-forwards and analysis explaining revenue results, globally and across geographical theaters.
• Accountable for recognizing revenue per guidance of ASC 606 for new product offerings and current product offerings.
• Analyzes and verifies revenue detail during monthly close to ensure materiality of the detail, globally and across geographical theaters.
• Analyzes against revenue budgeting and forecasting.
• Provide leadership for revenue recognition with minimal supervision, including monthly meetings on results, and collaborating with groups for future state of revenue recognition.
• Prepare journal entries and account reconciliations; provide supporting documentation during month end close.
• Understand transactional workflow, be knowledgeable about the sources of data, ensure data integrity and collaborate with relevant parties for necessary adjustments.
• Provide variance analysis for receivables and deferred revenue.
• Prepare audit schedules as requested, including all supporting documentation, and serve as the subject matter expert on all audit-related revenue questions.
• Work with Accounting, Sales, Billing and Finance to coordinate and prioritize projects and drive action.
• Complete analysis and provide recommendations to management that will help improve processes and procedures within the accounting team.
• Communicate regularly with operational business partners to identify issues and areas for operational improvement, share knowledge about financial trends and upcoming changes.
• Effectively partner with cross-functional teams, both domestic and international, to support business initiatives, drive process improvements and implement best practices.
• Drive accounting solutions for enterprise projects, new product offerings and process simplification and improvements.
• Update and maintain process documentation for accou