Revenue Accounting Manager

Large well known Irvine based company is conducting a private search for an experienced Revenue Accounting Manager. 

Job Summary: We are seeking an experienced and detail-oriented End-of-Year Revenue Accounting Manager to oversee the company’s revenue recognition process at year-end. The ideal candidate will have a deep understanding of accounting principles, revenue recognition standards, and regulatory requirements. This role will ensure the accurate and timely reporting of revenue for the year-end close process and support the broader accounting team in delivering high-quality financial statements.

Key Responsibilities:

1. Revenue Recognition and Compliance:

   • Ensure that all revenue is accurately recognized in accordance with GAAP (Generally Accepted Accounting Principles), ASC 606, and other applicable accounting standards.
   • Review and assess contracts, sales agreements, and other documentation to ensure proper revenue recognition.
   • Ensure all required disclosures related to revenue are included in financial statements.

2. Year-End Close Process:

   • Lead and coordinate the end-of-year revenue close process, ensuring timely and accurate financial reporting.
   • Manage reconciliation of revenue-related accounts to ensure consistency between the general ledger and supporting schedules.
   • Ensure proper accounting for deferred revenue, accrued revenue, and other related items at year-end.

3. Financial Reporting and Analysis:

   • Prepare revenue schedules, journal entries, and related reports for year-end financial statements.
   • Work closely with internal auditors and external auditors to provide necessary documentation and support for audit reviews.
   • Analyze year-over-year revenue performance and trends, providing actionable insights to senior management.

4. Internal Controls:

   • Implement and maintain robust internal controls to prevent errors, fraud, and misstatements in revenue recognition and related processes.
   • Ensure compliance with internal policies, procedures, and regulatory requirements.

5. Collaboration with Cross-Functional Teams:

   • Partner with Sales, Operations, and Legal teams to gather relevant information related to revenue transactions and contracts.
   • Work with FP&A (Financial Planning and Analysis) to ensure alignment between revenue forecasts and actual performance.
   • Provide guidance and training to junior accounting staff as needed.

6. System and Process Improvements:

   • Identify opportunities for streamlining the revenue recognition process and improving systems and controls.
   • Assist in implementing new accounting software or tools to enhance the revenue accounting process.

7. Special Projects:

   • Participate in ad hoc projects, such as new revenue streams, changes in business models, or policy updates that impact revenue recognition.
   • Support the finance team in strategic initiatives as it relates to revenue reporting and accounting.

Qualifications:

• Education:

  • Bachelor’s degree in Accounting, Finance, or related field (Required).
  • CPA, CMA, or other relevant certifications preferred.

• Experience:

  • Minimum of 5-7 years of experience in revenue accounting, with at least 3 years in a managerial or leadership role.
  • Strong knowledge of revenue recognition under ASC 606, accounting for contracts, and general accounting principles.
  • Previous experience managing year-end close processes and working with external auditors.

• Technical Skills:

  • Proficiency in accounting software (e.g., NetSuite, SAP, Oracle, or similar).
  • Strong Excel skills (pivot tables, VLOOKUP, data analysis).
  • Knowledge of financial systems and ERP tools.

• Soft Skills:

  • Strong leadership and team management skills.
  • Excellent attention to detail and organizational skills.
  • Ability to handle multiple tasks in a fast-paced environment and meet tight deadlines.
  • Strong verbal and written communication skills.