What are the responsibilities and job description for the Revenue Recognition Manager position at Public Partnerships LLC?
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Public Partnerships LLC supports individuals with disabilities or chronic illnesses and aging adults, to remain in their homes and communities and “self” direct their own long-term home care. Our role as the nation’s largest and most experienced Financial Management Service provider is to assist those eligible Medicaid recipients to choose and pay for their own support workers and services within their state-approved personalized budget. We are appointed by states and managed healthcare organizations to better serve more of their residents and members requiring long-term care and ensure the efficient use of taxpayer funded services. Our culture attracts and rewards people who are results-oriented and strive to exceed customer expectations. We desire motivated candidates who are excited to join our fast-paced, entrepreneurial environment, and who want to make a difference in helping transform the lives of the consumers we serve. (learn more at www.pplfirst.com).
Job Summary: The Revenue Recognition Manager will be responsible for overseeing the revenue recognition process to ensure compliance with ASC 606 and other relevant accounting standards. This role involves collaborating with various departments to ensure accurate and timely revenue reporting, analyzing complex revenue transactions, and providing guidance on revenue recognition policies and procedures.
Key Responsibilities:
- Manage the revenue recognition and deferred fulfillment cost process, ensuring compliance with ASC 606 and other relevant accounting standards in the health care industry.
- Review and analyze revenue transactions to determine appropriate revenue recognition treatment.
- Develop and implement revenue recognition policies and procedures.
- Collaborate with cross-functional teams, including RCM, PMO, and Account Management, to ensure accurate and timely revenue reporting.
- Prepare and review revenue-related journal entries and account reconciliations including bad debt reserve and denial claim reserve.
- Monitor and analyze revenue trends and variances, providing insights and recommendations to senior management.
- Assist with the preparation of financial statements and disclosures related to revenue recognition.
- Support internal and external audits related to revenue recognition.
- Provide training and guidance to team members on revenue recognition policies and procedures.
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field. CPA preferred.
- Minimum of 5 years of experience in revenue recognition or a related accounting role.
- Strong knowledge of ASC 606 and other relevant accounting standards.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and accuracy.
- Ability to work independently and manage multiple priorities in a fast-paced environment.
- Excellent communication and interpersonal skills.
- Proficiency in Microsoft Excel and other accounting software.
Preferred Qualifications:
- Experience with ERP systems such as Workday.
- Experience in the healthcare industry.
The above is intended to describe the general contents and requirements of work being performed by people assigned to this classification. It is not intended to be construed as an exhaustive statement of all duties, responsibilities, or skills of personnel so classified
PPL is an Equal Opportunity Employer dedicated to celebrating diversity and intentionally creating a culture of inclusion. We believe that we work best when our employees feel empowered and accepted, and that starts by honoring each of our unique life experiences. At PPL, all aspects of employment regarding recruitment, hiring, training, promotion, compensation, benefits, transfers, layoffs, return from layoff, company-sponsored training, education, and social and recreational programs are based on merit, business needs, job requirements, and individual qualifications. We do not discriminate on the basis of race, color, religion or belief, national, social, or ethnic origin, sex, gender identity and/or expression, age, physical, mental, or sensory disability, sexual orientation, marital, civil union, or domestic partnership status, past or present military service, citizenship status, family medical history or genetic information, family or parental status, or any other status protected under federal, state, or local law. PPL will not tolerate discrimination or harassment based on any of these characteristics.
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