Senior Manager Revenue Accounting and Billing Operations

The Senior Manager Revenue Accounting and Billing Operations provides enterprise leadership and strategic direction for Terracon’s Corporate Billing function. The Senior Manager oversees multiple managers and supervisors and indirectly guides Senior Billing Analysts, Billing Analysts, Senior Billing Coordinators, Billing Coordinators, and Billing Representatives. The Senior Manager is accountable for the accuracy, timeliness, and compliance of all corporate invoicing activities, including national accounts, complex project billing, government compliance/cost-plus invoicing, and companywide billing support. This role assists with system enhancements, leads training efforts, and oversees billing integration for newly acquired companies.

Revenue Accounting & Financial Reporting

• Lead all aspects of revenue recognition and accounting in accordance with ASC 606 and corporate accounting policies.

• Review complex contracts and determine appropriate accounting treatment for fixed-price, time-and-material, cost-plus, and other project-based arrangements.

• Oversee monthly and annual revenue accounting close activities.

• Ensure accurate accounting for contract assets, contract liabilities, unbilled revenue, deferred revenue, and project-related balances.

• Prepare revenue-related, disclosures, and reconciliations, and review revenue-related analysis and management reporting.

• Monitor emerging accounting guidance and implement policy changes as required.

  Billing Operations & Revenue Cycle Management

• Direct Terracon billing operations and establish standards for invoice accuracy, timeliness, and compliance with client and contractual requirements.

• Oversee billing workflows, invoice processing, exception management, and performance metrics.

• Partner with project managers and regional and operational finance leaders to resolve billing issues and improve invoice quality.

• Drive initiatives that strengthen customer service, billing efficiency, and cash conversion.

  Project Accounting Governance

• Provide leadership and governance over project accounting practices throughout the organization.

• Establish standards for project setup, billing structures, revenue coding, labor charging, and contract administration.

• Partner with Operations and Project Management to ensure alignment between project execution, billing, and revenue recognition.

• Provide guidance and training regarding project financial management and revenue policies.

  Working Capital & Cash Flow Improvement

• Partner with Treasury, Operations, and Collections to improve working capital performance.

• Monitor and analyze key metrics including: 

• Days Sales Outstanding (DSO)

• Accounts Receivable Aging

• Revenue in excess of billing (work-in-progress)

• Billing Cycle Performance

• Identify and implement opportunities to accelerate invoices and collections.

  Controls, Compliance & Audit

• Develop and maintain a strong internal control environment over revenue recognition, billing, and project accounting.

• Ensure compliance with U.S. GAAP, company policies, contractual requirements, and audit standards.

• Coordinate internal and external audit activities related to revenue and billing operations.

• Lead remediation efforts and process improvements arising from audits and control reviews.