Revenue Accountant Job Description
Revenue accountant
provides accounting and ASC-606 expertise while working closely with the Regional Finance Leader to ensure GAAP accounting compliance.
Revenue Accountant Duties & Responsibilities
To write an effective revenue accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included revenue accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Ensuring revenue transactions are accurately recorded in accordance with US GAAP (ASC 605-25, 985-605)
Active management of deferred revenues in accordance with GAAP and company policies - enabling accurate and timely information is provided to the finance team for purposes of revenue and cash forecasting
Providing bandwidth for ad-hoc projects that help achieve various company initiatives, including the transition to ASC 606
Provide technical Revenue Recognition training to cross functional teams including Sales, Legal, Services, as required
Read and interpret complex fee language in legal documents, deducing revenue implications of these agreements and translating into fee models
Partner with the team and leverage the Senior Revenue Associate in various projects to drive opportunities for technology and process improvements
Work with the Senior Revenue Associate to ensure quality output of Revenue related activities
Be re responsible for translating complex fee agreements into calculations, including quarterly billing, and various revenue projections
Responsible for period close activities related to member billings and collections such as manual journal entries, account reconciliations, fluctuation analysis for management and external audit schedules
Reconcile payment processor and other transactional data with internal databases on a daily/weekly basis
Revenue Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Revenue Accountant
List any licenses or certifications required by the position: CPA, ACCA, CIMA, ACA, CA, MBA, CMA, EC
Education for Revenue Accountant
Typically a job would require a certain level of education.
Employers hiring for the revenue accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Education, Business/Administration, Communication, Information Systems, Management, Business/Economics, Public Accounting
Skills for Revenue Accountant
Desired skills for revenue accountant include:
Excel
US GAAP
Microsoft Excel
ASC 606
D365
GAAP
Industry
New revenue guidance ASC 606
Oracle
Desired experience for revenue accountant includes:
Assist cross-functional implementation team by identifying reporting requirements and required financial system enhancements for new payment opportunities
Provide input for process improvements and drive implementation of the solutions
Minimum of 3 years experience in public accounting and/or hands-on general ledger accounting experience
Experience working in/with a multinational company
Demonstrates appropriate understanding / working knowledge of accounting principles and internal controls, and applies them to provide objective, timely, and accurate financial information to meet regulatory and legislative requirements
Works to ensure compliance of all financial requirements and reporting are met for all products, countries, and policies
Revenue Accountant Examples
1
Revenue Accountant Job Description
Job Description Example
Our company is looking for a revenue accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for revenue accountant
- Managing the identification, research and resolution of all issues related to revenue recognition impacting the regions within the role's remit
- Managing the the development of Accounting and Finance policies
- Partnering with business units in the analysis and documentation of transactions and ensuring all relevant accounting issues are identified and resolved
- Supporting payment channel optimisation
- Performing ad hoc projects/tasks as requested
- Work in partnership with Ad Sales and the wider Finance team to make sure invoices are generated accurately and punctually across our 3 billing entities in the UK, US and Australia
- Build strong relationships with our internal and external partners in order to facilitate prompt payment of invoices and continue to develop strong overall relationships
- Ensure accrued and deferred income is correctly accounted for on a monthly basis in line with varied contractual arrangements
- Fully manage a team of two - running regular meetings to keep the team on track and to encourage their professional development
- Foster a dynamic culture within your team - one that is focused on continuous improvement and process development
Qualifications for revenue accountant
- Field questions regarding the appropriate recognition of revenue
- Ability to gather and interpret relevant data and information, including contracts and sales agreements
- An analytical mind set is key
- Progression in career
- Calculate quarterly commission payments to both staff and partners also providing comprehensive reporting
- Be responsible for external reporting and compliance in relation to revenue, EC Sales Lists, provision of tax certificates to overseas clients
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Revenue Accountant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of revenue accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for revenue accountant
- Gross Management and Performance fee accruals for certain products and clients
- AUM and flow reporting
- Review and preparation of fee billing for certain products and clients
- Statutory and regulatory reporting for allocated trading entities
- Demonstrates insightful use of financial analysis techniques, tools, and concepts, to provide practical counsel to internal customers and management in order to drive business decision making across the company
- Demonstrates the initiative to drive change and influence others across the organization in support of the company's goals and objectives
- Understands and facilitates the integration of business processes, people, and relevant technology, in order to identify, configure, and communicate useful information
- Ensure that all required approvals, including pricing exceptions, non-standard financial T&C authorizations, approvals for shipments without contract, etc are documented in deal file
- Work with financial systems and system updates
- Ensure invoices are formatted correctly
Qualifications for revenue accountant
- Prefer 1-3 years of experience in an accounting role (internship/AP/AR/etc.)
- Significant relevant experience with large, fast-growing, multi-national company
- Manage Accounts Receivable and reconciliations
- Analyze payment receipts
- Update client pricing
- Participate in project management and project billing
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Revenue Accountant Job Description
Job Description Example
Our company is looking for a revenue accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for revenue accountant
- Verify all billing information is accurate
- Perform monthly close process for revenue, deferred revenue, unbilled A/R, allowances and accrual for returns, rebates and price protection
- Collaborate with FP&A to book Inter-company invoices and accruals and analyze forecast vs
- Review monthly accruals and deferrals related to revenues
- Works closely with Food & Beverage Management to configure menu changes or setups and system functionality
- Ensures all proper cash controls are in place throughout the property by monitoring, maintaining and reporting all NG cashiering variances investigating any suspicious activity identified through the point of sale system reporting and issuing exception reports to management
- Follow up on all billing data for (a) certain entit(y)(ies) within a certain month and defining orders for which further obligations are applicable
- Follow up on service contracts, service revenue, high credit values, free of charge deliveries, rental verifications, significant orders, billing blocks, extended warranties…
- Own the whole process of revenue deferrals based upon the above using journal voucher uploads
- Lead month-end calls with stakeholders discussing, escalating, sharing the current status before month end close
Qualifications for revenue accountant
- Manage the revenue reserve for PS, FOB destination and multiple elements arrangements
- Assist with the month-end close activities including preparing journal entries pertaining to PS and account reconciliation
- Provide monthly revenue report to the PS finance team
- Assist with the daily revenue contingencies codes in the revenue tool
- Public accounting and/or accounting advisory experience
- Bachelor's degree with an Accounting focus (CPA preferred)
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Revenue Accountant Job Description
Job Description Example
Our growing company is hiring for a revenue accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for revenue accountant
- Complete reconciliations for all Balance Sheet accounts within your ownership in Blackline
- Ensure tie out between 2 accounting modules (SAP and BW)
- Interact where needed for credit note issuance (approvals, posting)
- Own the process of profit elimination and re-class for all international entities
- Timely bookings and contract review - enabling on-time revenue close and resolution of potential revenue recognition issues
- Participation in monthly revenue close procedures ensuring timely delivery of information to stakeholders in accounting, finance, customer success, education, and training sales
- Implements best practices in RAC viz
- SAP analysis of various co
- Review revenue contracts and determine appropriate accounting treatment
- Lead process improvements related to customer negotiations of non-standard terms and order entry functions
Qualifications for revenue accountant
- 3+ years of AR/Revenue experience
- Sales, Operations, Finance
- Bachelor’s degree in accounting, finance, banking or management preferred or equivalent work experience
- Must be able to reconcile general ledger accounts with minimum assistance
- Must possess certain knowledge of how the revenue flows from the system generated report to the financial statements
- Knowledge of Infogenesis and previous experience in food & beverage cashiering or retail sales cashiering is a plus
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Revenue Accountant Job Description
Job Description Example
Our company is looking to fill the role of revenue accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for revenue accountant
- Prepare periodic studies (including Fair Value, customer life)
- Prepare journal entries, reconcile accounts and other month end close duties
- Assists the Senior Revenue Distribution Accountant in the monthly revenue settlement process
- Tracks and follows progress of recouping funds due to the company caused by prior period adjustments
- Verifies information for 1099 processing and reporting
- Prepares and prints the settlement checks and facilitates the mailing of such
- Resolves customer service calls on checks, 1099, and unclaimed property questions and concerns
- Mails monthly due diligence letters for dormant funds susceptible to unclaimed property
- Aids the Senior Revenue Distribution Accountant in reporting unclaimed property
- Helps the Senior Revenue Distribution Accountant with the monthly check reconciliation
Qualifications for revenue accountant
- Experience of a multi-national/ shared services environment.-Previous revenue recognition experience a must
- Actively pursuing accounting designation
- Minimum 2 years accounting experience preferred
- Revenue experience is a plus
- Fluent in written and spoken English is a must, each additional European language is an asset
- Continuous and versatile learning agility