Senior Revenue Accountant
Corus InternationalAbout the role
Corus International is the parent of a family of world-class organizations working to deliver the holistic, lasting solutions needed to end extreme poverty once and for all. We are a global leader in international development, with 150 years of combined experience across our brands. Our nonprofit and for-profit subsidiaries include IMA World Health and its fundraising brand Corus World Health, Lutheran World Relief, CGA Technologies, Ground Up Investing, and Farmers Market Brands. Our more than 600 employees around the globe are experts in their fields and dedicated to helping the world's most vulnerable people break the cycle of poverty and lead healthy lives.
At Corus we believe that good only grows stronger and we reflect that belief in our workplace culture. We value every employee's specialized area of expertise and nurture professional growth. We promote an engaging and supportive work environment, where employees feel enabled and driven to innovate, learn and collaborate. And because our subsidiaries often function as partners, our employees have the opportunity to work across our enterprise family.
Corus is committed to diversity, equity and inclusion in our worldwide workplace, and we believe that social justice and respect for the human dignity of every person are fundamental to all we do as an organization.
Corus International seeks to hire two Senior Revenue Accountants to join its Finance & Administration Department at our Headquarters in Washington, DC. This is a hybrid remote position working two days each week in the office with Tuesday as a core office day.
Position Summary:
The Senior Revenue Accountant is an integral member of the Finance and Administration team and reports directly to the Director, Revenue and Reporting. S/he functions as a hands-on subject matter expert and is accountable for ensuring timely and accurate revenue recognition and cost recovery, strict compliance with donor regulations and organizational policies, extensive financial reporting and audit readiness in a highly complex multi-entity environment with a combined annual budget of $160M funded through U.S. government and other international donor funds.
Responsibilities:
Country Office Financial Management
Award Portfolio Management:
- Develop and maintain full and comprehensive understanding of awards within assigned portfolio to effectively execute responsibilities in a highly accurate and timely manner.
- Monitor, analyze and manage the financial reporting of assigned programs to ensure compliance with donor regulations and organizational policies throughout award lifecycle. Identify and reconcile all discrepancies.
- Collaborate and coordinate with international Finance and country office teams to accurately track project costs in compliance with regulatory frameworks including GAAP, IFRS, OMB Circulars and donor regulations.
- Track, monitor and manage key milestones and deadlines for each award to facilitate timely and accurate revenue recognition and cost recovery.
- Coordinate and guide teams to provide high-level accounting support and guidance at project kick off, implementation and close out.
Revenue Recognition and Cost Recovery:
- Develop, implement and manage robust processes to accurately recognize revenue in accordance with GAAP and donor requirements.
- Provide meaningful analysis into variances or trends that impact the performance of the business related to cost recovery and Unrestricted Offset.
- Perform regular reviews to ensure the allowability of costs charged to awards, including direct and indirect costs and resolve all issues and discrepancies.
- Review monthly the actual NICRA rates versus provisional rates as necessary to reflect changes in the organization's indirect cost structure.
Subaward Management:
- Develop and implement clear standard operating procedures for the accounting and monitoring of subawards, including subrecipient agreements and reporting requirements.
- Review and verify the accuracy and completeness of subaward documentation, ensuring compliance with donor regulations.
US Government Drawdowns and Billing:
- Work closely with program and International Finance teams to ensure accurate drawdown requests for US Government and non-USG award billing.
Headquarters Financial Management
HQ Monthly Close Support:
- Manage and assist when needed in monthly closing processes, including accurate recording of revenue entries, drawdowns processing, and billing activities.
- Review and monitor internal controls and identify opportunities for improvement to strengthen financial reporting integrity.
- Contribute to the development and implementation of strategies to redu
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