Fast Facts
The Revenue Accounting Manager will ensure accurate revenue recognition and compliance with accounting standards, while optimizing revenue-generating activities. The role involves collaboration with cross-functional teams to implement ASC 606 standards effectively.
Responsibilities: Lead revenue recognition in compliance with ASC 606, conduct RFP and contract reviews, perform monthly reconciliations, support audits, and improve internal controls and processes.
Skills: 5+ years of technical accounting expertise, strong analytical skills, advanced computer skills, and proficiency in ASC 606 revenue recognition standards.
Qualifications: Bachelor’s degree or equivalent required; experience leading ASC 606 implementation projects preferred.
Location: Fully remote position available within the continental U.S.
Compensation: Not provided by employer. Typical compensation ranges for this position are between $100,000 - $140,000.
Position Overview
This position plays a crucial role in ensuring accurate revenue recognition, maintaining compliance with accounting standards, and optimizing revenue-generating activities. This position offers an exciting opportunity for a detail-oriented individual with strong analytical skills and a deep understanding of accounting principles to collaborate with cross-functional teams to assess the impact of ASC 606 on revenue recognition processes and systems.
Responsibilities:
Revenue Recognition & Compliance
- Lead revenue recognition activities in compliance with ASC 606 and applicable GAAP guidance.
- Establish and maintain annual Standalone Selling Price (SSP) pricing frameworks.
- Record and review quarterly revenue adjustments, including open item calculations.
- Draft technical accounting white papers and develop new revenue policies as needed.
- Review credit impacts and assess the need for credit reserves in accordance with accounting standards.
RFP & Contract Review
- Conduct detailed RFP and contract reviews to ensure revenue treatment is accurate, complete, and compliant.
- Perform monthly reconciliation and reporting of consolidated revenue from Oracle to the General Ledger.
- Ensure completeness and accuracy of revenue reporting through analytical reviews and variance analysis.
- Support quarterly and annual close processes related to revenue.
- Evaluate contract terms to determine appropriate revenue recognition treatment.
Financial Reporting & Reconciliation
- Perform monthly reconciliation and reporting of consolidated revenue from Oracle to the General Ledger.
- Ensure completeness and accuracy of revenue reporting through analytical reviews and variance analysis.
- Support quarterly and annual close processes related to revenue
Audit & Internal Controls
- Assist with annual external audits, providing documentation and supporting analysis.
- Establish and enhance internal audit processes related to revenue compliance.
- Maintain up-to-date, end-to-end revenue process documentation, including controls and workflows.
Process Improvement & Integration
- Integrate newly acquired entities into established revenue processes, User Acceptance Testing (UAT) for new SKUs/products, ensuring production environments align with tested configurations.
- Identify opportunities for automation, efficiency, and strengthened compliance within revenue operations.
- Other duties as assigned
Qualifications:
- Bachelor’s degree or equivalent
- 5+years’ experience
- Must possess technical accounting expertise
- Ability to provide senior management with risk assessments for actions they are considering or taken
- Possess advanced computer skills and expertise in ASC 606 revenue recognition standards and experience leading ASC 606 implementation projects
- Possess strong attention to details and strong analytical skills
- Ability to resolve complex problems with independent action
At Follett Software, our people come first.
We’re deeply committed to supporting the well-being, growth, and success of every Team Member. That commitment shows up in a thoughtfully designed, comprehensive benefits package that helps you thrive—at work and in life. Here’s what you can expect:
- Fully remote work, giving you the flexibility to do your best work from anywhere in the continental U.S. (unless otherwise noted)
- Subsidized healthcare plans, including orthodontic coverage, with HSA option that includes employer matching
- Company-paid disability and life insurance, with the option to enhance coverage through voluntary plans
- Robust Paid Time Off, including Flex PTO for salaried roles, paid parental leave, company holidays, and paid volunteer service time
- Retirement savings with employer match, vesting every pay period
- Flexible Spending Accounts for healthcare and dependent care
- Optional supplemental coverages, such as accident, hospital, and critical illness insurance, identity theft and credit monitoring, and legal protection services
- Meaningful recognition and tangible rewards that celebrate achievements, fuel motivation, and recognize both individual and team success
