Accounting Lead - Virtual/Remote
InductiveHealth Informatics
ERP
Revenue Accountant
LG Ad Solutions
full-time
Posted on:
Origin: • 🇺🇸 United States • California
Visit company websiteJob Level
Mid-LevelSenior
Tech Stack
ERP
About the role
- Assist the Revenue Lead in reviewing customer contracts, insertion orders, and modifications to determine the appropriate accounting treatment under ASC 606.
- Perform contract analysis, including allocation of transaction price to performance obligations and timing of revenue recognition.
- Prepare and post revenue-related journal entries and ensure proper cutoff during month-end close.
- Reconcile revenue accounts, deferred revenue balances, and related reserves on a monthly basis.
- Work closely with the AR team to ensure invoicing and collections align with contract terms and recognized revenue.
- Monitor revenue entries for accuracy and compliance with company policies and external requirements.
- Support the preparation of revenue disclosures for monthly management reporting, quarterly reviews, and annual audits.
- Partner with FP&A to provide inputs for revenue forecasts and explain actual-to-forecast variances.
- Collaborate with Sales to evaluate pipeline opportunities, contract structures, and potential revenue impacts.
- Prepare ad-hoc revenue analyses for senior management to support strategic decision-making.
- Translate contract activity into financial outcomes, enabling stakeholders to understand revenue timing, risks, and opportunities.
- Review unapplied cash, billing discrepancies, and collections issues that may impact revenue recognition and assist in implementing best practices between AR and revenue accounting.
- Collaborate with Sales Operations and Legal to review non-standard deal terms and ensure accurate contract setup in the system.
- Provide guidance to internal teams on the financial impact of contract changes, renewals, or modifications.
- Assist in maintaining SOX controls and other internal controls related to revenue recognition and support external audits.
- Support the implementation and maintenance of revenue automation tools and ERP system enhancements.
- Identify and recommend improvements to streamline quote-to-cash processes, reduce manual effort, and increase accuracy.
- Assist in documenting policies and procedures for revenue accounting to support training and compliance.
- Participate in special projects, including new product launches, system migrations, and global expansion initiatives, to ensure revenue implications are addressed.
Requirements
- Bachelor's degree in Accounting.
- Strong technical knowledge of US GAAP (ASC 606) and ability to apply it to complex contracts.
- Excellent written and verbal communication skills, with the ability to collaborate across cultures and time zones.
- Proficient in manipulating large volumes of data within complex entity structures.
- Demonstrated expertise in accounting principles, practices, standards, laws, and regulations.
- Strong understanding of US GAAP and FASB codification and pronouncements.
- Proven ability to thrive in a fast-paced startup environment.
- Track record of successfully building cross-functional relationships across the organization.
- Experience with ERP systems; NetSuite experience is a plus.
- Self-motivated and driven, with a proactive "get it done" attitude.
- Positive, innovative, and a team player with exceptional organizational and communication skills.
- Attentive to detail and accuracy while keeping the broader financial picture in mind.
- Capable of handling multiple tasks simultaneously with minimal guidance in a fast-paced environment.
- Advanced proficiency in Microsoft Word and Excel, including pivot tables, vlookup, and data analysis.
- Self-starter, capable of working independently.
