Director of Revenue Accounting

Company Description

Dentsu is a modern marketing solutions company. Our mission is to help clients navigate, progress and thrive in a world of change. Businesses rely on our integrated network of agencies and specialized practices to champion meaningful progress through creative, media, commerce, data and technology. Part of Dentsu Group, our global network comprises 66,000 diverse people in 143 countries, who are dedicated to teaming for growth and good. Some of our award-winning agencies include 360i, Carat, dentsumcgarrybowen, DEG, dentsuX, iProspect and Merkle. Follow us on Twitter @DentsuUSA and visit dentsu.com/us. 

Diversity is embedded in who we are and all that we do: our mindset, our solutions, and our teams to empower an inclusive, equitable environment. We put our people at the center, creating space for growth, understanding and learning so they can thrive. Our differences make us richer and enable stronger relationships with each other and foster greater impact for our clients. We engage with our communities to drive positive social impact by fostering equity and working to create a digital society that works for all.

Job Description

The Client Accounting Director plays a key role in the newly centralized and specialised Client Accounting (CA) team and will be accountable for the integrity of client financial data and the linking of same to operational and financial systems for appropriate revenue recognition. This role is also accountable to ensure client contract assurance is conducted according to the service line compliance framework and dentsu policies.

This role reports to the VP, Head of Client Accounting and works closely with the Commercial Finance, Financial Control, Operational Finance and Client Services teams and manages the day-to-day tasks and deliverables of the Client Accounting Analysts.

KEY RESPONSIBILITIES: 

• Revenue Recognition Subject Matter Expert and Contract Maintenance 

• Oversee the maintenance of the contractual information database to support revenue recognition 

• Provide technical revenue recognition guidance in accordance with dentsu’s revenue recognition policy and IFRS 15 in order to properly recognise revenue 

• Perform technical guidance (IFRS 15) research to provide solutions and options to new and complex issues 

• Serve as one of the primary contacts for revenue recognition related technical accounting matters 

• Partner with Commercial Finance and Client Teams to provide revenue recognition guidance during contract negotiations 

• Manage and own the contract revenue write-up process and partner with dentsu’s external auditors to ensure the accuracy of revenue is maintained. In addition, develop and prepare technical revenue memos in partnership with dentsu’s external auditors to ensure they are discussed and signed off in a timely manner 

• Fulfill information requests for internal, external financial and client audits 

• Ensure that statements of work/POs are compliant and assessed for potential risks  

• Develop and implement tools, templates and systems for the appropriate classification and reporting of revenue 

• Ensure that statements of work/POs are agreed and signed before work is undertaken 

• Ensure projects/campaigns are set-up accurately and in accordance with the statements of work/insertion orders. 

• Oversee the production and reconciliation of monthly booking schedules to support revenue recognition 

• Liaise with Finance and Client Teams to ensure the completeness of revenue for period end reporting 

• Participate in and provide the required inputs for the month-end close review meeting with the Commercial Finance and Financial Control Teams 

• Work closely with Commercial Finance, Client Teams, and FP&A as it relates to revenue forecasting 

• Work closely with Client Teams to build relationships and understanding the service offerings and deliverables provided 

• Oversee month end tasks to verify client revenue and the review of client balances (WIP, prebill, trade receivables, and accrued and deferred income balance sheet accounts in liaison with RTR, Commercial Finance and, Client Teams 

• Perform and own JSOX controls as it relates to revenue and revenue related balance sheet accounts (i.e., client balances) 

• Drive continuous improvements in the processes for reporting revenue 

• Develop