What are the responsibilities and job description for the Controller position at Virtual?
Position Overview :
We are seeking a highly skilled and detail-oriented Controller to oversee the financial operations and accounting processes for a subsidiary of our client. This role requires a strong understanding of accounting practices and the ability to drive operational efficiencies while ensuring the accuracy and integrity of financial reporting.
Key Responsibilities :
- Direct timely and accurate close processes, ensuring compliance with internal controls and accounting policies.
- Oversee accounting for various revenue streams, including but not limited to product sales, subscription-based models, direct-to-consumer channels, and marketplace revenue.
- Ensure proper application of ASC 606 for revenue recognition and track deferred revenue and unearned income to properly report.
- Lead the preparation of monthly, quarterly, and annual financial statements for the subsidiary in accordance with U.S. GAAP.
- Work with the consolidations team to ensure timely and complete reporting to be represented within the parent company financials.
- Supervise inventory accounting, including cycle counts.
- Coordinate with other departments and the parent company to ensure the accuracy of intercompany balances.
- Lead, mentor, and develop a high-performing finance team, including accountants and analysts.
- Provide financial insights and recommendations to senior leadership to drive business decisions.
Qualifications :
