Revenue Principal

Itron is innovating new ways for utilities and cities to manage energy and water. We create a more resourceful world to protect essential resources for today and tomorrow. Join us.

Itron, Inc. is looking for a Revenue expert interested in a subject matter expert role for a global company with complex multiple performance obligation arrangements such as hardware, software, professional services, SaaS, managed services, extended warranties, and maintenance. We are a U.S. global public company with an exciting future and multiple locations to choose from such as Liberty Lake, WA or Raleigh, NC. We offer a chance to join an energetic and creative management team who has a passion for their work and a vision for the future.

This position is an integral part of the Revenue and Cost of Sales Accounting Team within Itron, Inc. with primary responsibility for complex revenue recognition accounting in the area of complex multiple performance obligation arrangements within the technology industry. This individual will have review responsibilities for managing complex revenue recognition contracts and Excel-based ASC 606 revenue recognition models, but also includes but is not limited to the following:

• Ability to read and understand customer contracts to understand terms and conditions impacting revenue recognition 

• Developing and maintaining ASC 606 revenue recognition models

• Performing detailed reviews over ASC 606 revenue recognition models with focus on quality and accuracy

• Ensuring successful completion of the revenue monthly and quarterly close cycle

• Managing SOX compliance of revenue recognition internal controls

• Maintaining accurate forecasts of revenue recognition adjustments

• Support for internal and external audits

• Collaboration with Deal Desk and Revenue Special Projects functions

• Build effective working relations with non-Finance functions such as Sales, Legal and Operations

• Apply technical accounting requirements for revenue recognition to company-specific situations

• Ownership of project accounting function for professional services within Oracle Projects

• Support deal desk in review of customer contracts, amendments, SOWs to ensure GAAP and Company revenue recognition policies are being appropriately applied and documented

• Identify and articulate complex revenue accounting issues clearly and concisely and prepare revenue recognition positions for internal workpapers as well as internal and external auditor review

• Ability to effectively mentor revenue team members across multiple locations

Skills:

• Excellent verbal and written communication skills and strong interpersonal skills

• Effective leadership, delegation and prioritization skills with experience in managing a large team

• Excellent analytical skills, detail oriented, organized, and demonstrated ability to multi-task

• Ability to prioritize, think strategically and exercise sound judgment

• Team player with a positive attitude, strong work ethic, and a focus on business issues

• Ability to develop cross functional relationships both within the finance function and the broader organization. Work effectively on cross functional teams and a demonstrated ability to partner with other functions

• Ability to adapt to change and be agile in a fast-paced environment 

• Demonstrate strong technical accounting skills especially with ASC 606 revenue recognition guidance

• Ability to independently identify new ways to improve / strengthen processes, efficiency and deal with complex issues

• Advanced knowledge of Excel

Experience: 7+ years of experience in accounting, specifically revenue recognition with complex multiple performance obligation arrangements. Must have experience managing a team across multiple locations. Public Accounting and Big Four experience are a plus. Understanding of ASC 606 and practical experience in revenue recognition is required.  Skills related to Oracle and technology solutions such as Alteryx, Power BI, Power Automate, AI, etc. are a plus.

Education: Bachelor's degree in accounting, related field or equivalent experience.

Certification(s): C