Onit

Senior Revenue Accountant

Onit$82K — $104K *
US-AnywhereRemote in United States
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance required; CPA preferred.
  • 5+ years of revenue accounting experience, with thorough knowledge of ASC 606.
  • Proficient in accounting software and tools, with strong Excel skills.
  • Ability to analyze contracts and financial data for compliance and accuracy.
  • Excellent communication skills for cross-functional collaboration.
  • Experience in financial audits and internal controls.

Responsibilities

  • Oversee and manage revenue recognition processes per US GAAP and ASC 606.
  • Execute monthly close procedures, including journal entries and reconciliations.
  • Ensure accurate revenue recognition by reviewing customer contracts.
  • Conduct variance analysis and manage deferred revenue accounting.
  • Prepare documentation for financial audits and assist in audit processes.
  • Optimize revenue processes for better efficiency and accuracy.
  • Support the implementation of revenue accounting systems.

Benefits

  • Three medical plan options, with dental and vision coverage available.
  • 401(k) retirement plan with generous matching contributions.
  • Flexible paid time off and annual sick leave.
  • Comprehensive paid leave for parents and caregivers, plus reimbursement for surrogacy and adoption.
  • 100% employer-paid life and disability insurance.
  • Voluntary benefits including critical illness and accident insurance.
  • Tax-advantaged accounts for health expenses and dependent care.
  • Paid volunteer day to engage with and support the community.
Full Job Description
Position Summary
The Senior Revenue Accountant will be responsible for overseeing the accurate review of contracts, including billing and revenue schedules, for all contracts, in both our CRM and our GL tools. Responsible for reviewing and posting revenue each month close, ensuring compliance with US GAAP / ASC 606, and working closely with cross-functional teams to streamline revenue processes. This role requires a strong understanding of ASC 606, excellent analytical skills, and the ability to work in a fast-paced environment.

Key Responsibilities:
• Oversee revenue recognition processes in accordance with ASC 606 and company policies.
• Perform monthly revenue close procedures, including journal entries, reconciliations, and variance analysis.
• Review customer contracts to ensure proper revenue recognition treatment.
• Review customer contracts to ensure accurate billing and revenue reporting.
• Analyze deferred revenue and ensure proper accounting treatment.
• Assist in financial audits by preparing schedules and providing necessary documentation.
• Continuously improving revenue processes to enhance efficiency and accuracy.
• Support the implementation and optimization of revenue accounting systems.
• Ensure compliance with internal controls.

Required Skills:
• Oversee revenue recognition processes in accordance with ASC 606 and company policies.
• Perform monthly revenue close procedures, including journal entries, reconciliations, and variance analysis.
• Review customer contracts to ensure proper revenue recognition treatment.
• Review customer contracts to ensure accurate billing and revenue reporting.
• Analyze deferred revenue and ensure proper accounting treatment.
• Assist in financial audits by preparing schedules and providing necessary documentation.
• Continuously improving revenue processes to enhance efficiency and accuracy.
• Support the implementation and optimization of revenue accounting systems.
• Ensure compliance with internal controls.

$82,500 - $104,000 a year

At Onit, we're committed to offering fair and competitive compensation. In addition to base pay, associates are eligible for an annual discretionary bonus. The final base salary you receive will reflect factors such as your skills, education, experience, and work location.

Benefits & Perks That Support You:

Onit offers a comprehensive total rewards package designed to support the whole employee at work and beyond:

Health Coverage Choices: Three medical plan options, plus dental and vision, so you can choose what fits best. Employees on our HDHP plan also receive employer contribution to the HSA.

Retirement Savings: 401(k) with a 100% match on the first 3% and 50% on the next 2% of employee contributions.

Time Away: Flexible paid time off, 7 sick days, and 9 paid company holidays annually.

Family Support: Exceptional paid leave for birth parents, non-birth parents, and caregivers. Onit also offers surrogacy and adoption reimbursement.

Income Protection: 100% employer-paid life and disability insurance.

Additional Coverage Options: Voluntary benefits including hospital indemnity, critical illness, accident, and even pet insurance.

Tax-Advantaged Accounts: Healthcare FSA, HSA, and dependent care FSA.

Community Engagement: One paid volunteer day each year to give back to the community.

About Onit

Industry
Founded
2007

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