Sr. Reporting, Accounting, and Revenue Analyst - Cambridge, Massachusetts United States - 44947



JOB DESCRIPTION

Job #: 44947
Title: Sr. Reporting, Accounting, and Revenue Analyst
Job Location: Cambridge, Massachusetts - United States
Employment Type:
Salary: $120,000.00 - $145,000.00 - US Dollars - Yearly
Other Compensation: Plus top benefits & 10% 401K
Employer Will Recruit From: Nationwide
Relocation Paid?: Yes

WHY IS THIS A GREAT OPPORTUNITY?


The Sr. Reporting, Accounting, and Revenue Analyst (SRARA) is responsible for day-to-day analysis of new contracts, modifications, and recognition status, as well as weekly and monthly revenue recognition processes leading to accurate and timely revenue recognition.

JOB DESCRIPTION

The Sr. Reporting, Accounting, and Revenue Analyst (SRARA) is responsible for day-to-day analysis of new contracts, modifications, and recognition status, as well as weekly and monthly revenue recognition processes leading to accurate and timely revenue recognition.
The SRARA is also responsible to lead the annual preparation of the external financial statements as well as the preparation of the Form 990 Return, researching new accounting pronouncements and their applicability to our method of accounting. We perform our services under a variety of contract types including cost, fixed-price, fixed-priced incentive, time & material, license, and royalty.

Essential Functions:

 

• Serve as our subject matter expert for revenue recognition in accordance with ASC606

• Monitor the Financial Accounting Standards Board for new Accounting Standards updates, perform research on new pronouncements, and draft position papers for senior management review of the applicability of these pronouncements on our methods of accounting

• Lead the preparation of our annual GAAP financial statement audit and our external financial statements together with related footnotes

• Collaborate with other departments, the Controller, and external tax advisors to support, review, and compile all items related to the annual 990 tax filing

• Collect, analyze, and assess reasonableness of program office estimates at completion (“EAC”) on fixed priced contracts

• Maintain policies and procedures documentation for areas of responsibility

• Provide revenue recognition training to cross functional teams including Programs, Contracts, Financial Planning & Analysis, Legal, as required

• Monitor contract modifications, risk authorizations, authorizations to proceed, and funding levels to determine impact to revenue recognition

• Ensure the integrity, consistency, reliability, and efficiency of the processes employed in the revenue recognition, EAC, and financial statement functions

• Continually identify and implement opportunities for revenue system, financial statement, tax return, and business process improvements to increase efficiencies and shorten financial closing cycles

• Develop partnerships with managers and administrators in the Contracts, Program, Business Analysis, and Financial Planning & Analysis departments, and external tax advisors and auditors

• Other duties as assigned


Basic Qualifications:

 

• Ability to read contracts/agreements/accounting pronouncements and identify pertinent terms and issues to provide appropriate and practical accounting guidance and issue resolution to Program managers and senior Finance members

• Ability to identify key risk areas, contemplate alternatives, draw conclusions and recommend and implement changes to mitigate any risk

• Excellent oral and written communications skills with the ability to effectively translate complex ideas and methodologies to simple terms for management, co-workers, external advisors, and other non-financial internal departments

• Extremely detail minded and organized, goal focused, and able to consistently meet or exceed deadlines

• Significant experience reviewing contracts and applying ASC606 requirements to determine appropriate revenue recognition method

• Advanced-level Microsoft Excel proficiency

• Excellent analytical and problem solving skills including high degree of comfort working with databases and designing queries

• Prior working knowledge of Tier One ERP system (e.g., Oracle, PeopleSoft, SAP)

• Strong collaboration skills

• Demonstrated ability to plan, organize, and prioritize tasks, meet deadlines and drive initiatives to completion

• Ability to work in a fast-paced environment with a willingness to perform in critical deadline situations

• Bachelor's degree in Accounting or Finance with five-to-seven years of progressive accounting experiences with an emphasis on technical accounting exposure

• The successful candidate will have the ability to handle multiple tasks, set priorities, and meet deadlines


Preferred Qualifications:

 

• CPA

• Exposure to government contracts, in particular within the defense industry

• Prior revenue recognition and financial statement preparation using PeopleSoft or other Tier One ERP systems

• Working knowledge of Federal Acquisition Regulations and Defense Federal Acquisition Regulation Supplement

QUALIFICATIONS

Basic Qualifications:

 

• Ability to read contracts/agreements/accounting pronouncements and identify pertinent terms and issues to provide appropriate and practical accounting guidance and issue resolution to Program managers and senior Finance members

• Ability to identify key risk areas, contemplate alternatives, draw conclusions and recommend and implement changes to mitigate any risk

• Excellent oral and written communications skills with the ability to effectively translate complex ideas and methodologies to simple terms for management, co-workers, external advisors, and other non-financial internal departments

• Extremely detail minded and organized, goal focused, and able to consistently meet or exceed deadlines

• Significant experience reviewing contracts and applying ASC606 requirements to determine appropriate revenue recognition method

• Advanced-level Microsoft Excel proficiency

• Excellent analytical and problem solving skills including high degree of comfort working with databases and designing queries

• Prior working knowledge of Tier One ERP system (e.g., Oracle, PeopleSoft, SAP)

• Strong collaboration skills

• Demonstrated ability to plan, organize, and prioritize tasks, meet deadlines and drive initiatives to completion

• Ability to work in a fast-paced environment with a willingness to perform in critical deadline situations

• Bachelor's degree in Accounting or Finance with five-to-seven years of progressive accounting experiences with an emphasis on technical accounting exposure

• The successful candidate will have the ability to handle multiple tasks, set priorities, and meet deadlines


Preferred Qualifications:

 

• CPA

• Exposure to government contracts, in particular within the defense industry

• Prior revenue recognition and financial statement preparation using PeopleSoft or other Tier One ERP systems

• Working knowledge of Federal Acquisition Regulations and Defense Federal Acquisition Regulation Supplement

Education:
University - Bachelor's Degree/3-4 Year Degree

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