Revenue and Billing Accountant - HYBRID

Company Description

This is a hybrid role that requires onsite for part of the work week at our Seattle office.

We are an eight-time “Best Company to Work For,” where intelligent, talented people come together to do outstanding work—and have a lot of fun while they are at it.

Logic20/20 is seeking a well-organized, efficient, and enthusiastic Revenue and Billing Accountant, with an eye for detail and accuracy, to join our Seattle-based Finance Team. This is a wonderful opportunity to have a positive impact on different areas in the company and to expand your skillset. The successful ideal candidate will be comfortable in a small, but fast paced office environment.

The Revenue and Billing Accountant reports to the Controller and will be responsible for managing the company’s billing processes, ensuring accurate revenue recognition, supporting customer operations, and preparing accurate and timely financial statements in accordance with GAAP. As a subject matter expert on revenue and billing, you will have a deep understanding of complex revenue recognition standards and principles, and various billing methodologies. You will work collaboratively with cross-functional teams including the Consulting, Sales and Finance teams on contract management, approval of billing time and material, billable expenses and at the same time generating valuable insights through financial analysis.

Job Description

Billing and Accounts Receivable

• Manages all activities in the billing function including but not limited to, generating and delivering accurate and timely customer invoices under multiple billing methods, managing collections, processing payments, and monitoring customer accounts.
• Ensures invoices and billing practices comply customer terms and conditions, company policies and relevant regulations.
• Responds to and resolves any customer internal and external inquiries. Ensures customer and billing issues are escalated and resolved promptly. 
• Performs reconciliation and auditing processes during each billing cycle, to report/correct any discrepancies and errors found in the records and to maintain system integrity and accurate billing practices.

Revenue Recognition

• Completes revenue accounting activities using established practices and methods required to accurately record revenue, review for accuracy and completeness and compliance with GAAP, ASC 606, and other applicable regulations and practices.
• Responsible for period close activities related to customer billings, collections, journal entries, account reconciliations, fluctuation analysis for management and external audit schedules.
• Completes monthly, quarterly, and annual reviews, closings, analysis and reconciliations for revenue related transactions, accruals, deferred revenues, and unbilled revenues
• Analyzes variances to budget and provides timely information for cash forecasting and projections.
• Reviews documentation of sales contracts and transactions to ensure compliance with accounting policies and guidance.

General

• Support the finance function’s general accounting activities including general ledger reconciliations, monthly close support, annual audit process, tax filings, special projects and other tasks as assigned.
• Function in accordance with established standards, procedures, and applicable laws.
• Performing ad hoc projects/tasks as requested.
• Other duties, responsibilities, and activities may change or be assigned at any time with or without notice.

Qualifications

• Technical Knowledge: ASC 606 Technical accounting refers to the deep understanding and application of accounting standards, principles, and rules.
• Computer Skills: Proficient with software and computer spreadsheets. Competency in MS Office, databases, customer management (CRM) systems and advanced Excel skills preferable.
• Detail Oriented and Organizational Skills: Attention to detail required and the ability to manage multiple projects with competing priorities with the ability meet deadlines and to respond to change in a productive manner.
• Integrity and Data Security: Must always perform in a professional manner and will use appropriately and maintain confidentiality of sensitive financial information. Knowledge of data security and confidentiality requirements.
• Good listening and communication skills.
• Ability to work well with others and collaborate with a team.

Experience Requirements

• Bachelor’s degree in accounting/finance or related field preferred.
• Strong technical GAAP accounting background, especially in revenue recognition standards.
• Minimum of 4-5 years of accounting and proven experience (2-3 years) of revenue recognition