About The RoleThe
Revenue Accounting Manager is responsible for the end-to-end revenue cycle in a large division of the Company. You will lead a team to ensure that revenue is recorded and reported accurately, in accordance with ASC 606 and with the Company's policy. You are process driven, a self-starter, and a collaborator with experience in optimally executing against accounting close in a public company environment. This is a hands-on people manager role: you'll both manage and coach the team and be directly involved in complex investigations, reconciliations, and escalations.
What You'll Do- Lead the revenue month-end close process, including the detailed review of journal entries and reconciliations for key accounts like deferred revenue, deferred warranty and customer settlement/Reconciliation.
- Work with the Corporate technical accounting team to document conclusions for customer contracts to ensure strict adherence to ASC 606 and internal company policies.
- Review, manage and account for product warranties, ensuring correct classification between assurance-type and service-type warranties under ASC 606.
- Perform sales and gross margin analysis by various metrics, i.e. customer, product, region etc.
- Assist the finance team to provide revenue forecasts.
- Build and manage a strong set of internal controls for our new division. You will lead the effort to create SOX-compliant processes from scratch to make sure our financial reporting is accurate and is compliant.
- Sequence and oversee the implementation of revenue system enhancements, driving automation to shorten reporting cycles and improve accuracy.
- Assist with Legal and Sales on revenue assessment related to customer contract negotiations liaising with Corporate.
- Work with Operations to source and analyze the data inputs necessary for complex revenue adjustments.
- Provide management readout on fluctuation analyses for revenue-related balance sheet and income statement accounts.
- Act as the primary point of contact for all revenue-related audit requests and provide critical data for 10-Q and 10-K filings.
- Document standard operating procedures, training materials on revenue accounting as needed
- Lead the hiring and training process for new team members to scale the revenue department as the company grows.
- Manage and coach a team of revenue accountants, providing regular feedback and supporting their professional career growth.
- Complete ad-hoc requests and special assignments as required.
What You Bring:- Bachelor's degree in Accounting with a minimum of 7 years of experience in revenue accounting including 2+ years in a supervisory role. CPA designation and knowledge of U.S. GAAP are preferred.
- Strong analytical skills, high attention to detail, and proficiency in SAP and Microsoft Office applications. Familiarity with revenue recognition principles.
- Strong organizational skills and interpersonal communication abilities.
ZT Systems assesses market data to ensure a competitive compensation package is created for all our employees. The typical base salary for this position is expected to be between $118,125 and $158,000 per year. If hired, the final base salary will be determined on an individual basis taking into consideration experience, skills, knowledge, education and/or certifications.
Base salary is just one component of ZT Systems total rewards philosophy. We take pride in offering a wide range of benefits and perks that appeal to the variety of needs across our diverse employee base. Other rewards may include bonus, paid time off, generous 401k match, tuition reimbursement, wellbeing resources, and more.
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