Senior Analyst, Revenue Recognition - Switch4 LLC

Sparks Glencoe, MD 21152

About the Job

Title: Senior Analyst, Revenue Recognition
Location: Sparks, MD
Job Type: Full Time/Permanent

Summary:

The Senior Analyst, Revenue Accounting, reporting to the Associate Director, Revenue Recognition & General Accounting, is responsible for the accurate and timely recognition and reporting of instrument sales and placements. Key duties include managing and coordinating the reconciliation and analysis of customer revenue accounts, interpreting contracts, and providing lease classification guidance to the contracts, finance, marketing, and sales teams. This guidance supports budgeting and forecasting, decision-making during deal negotiations, and final lease classification and revenue allocation post-deal execution. The role also involves utilizing BOT output files for the revenue recognition software, maintaining revenue recognition files and Stand-Alone Selling Prices, and interacting with external auditors and other internal groups. Additionally, the Senior Analyst supports the finance and accounting teams with various schedules and analyses, including account reconciliations, serves as a subject matter expert for ASC 606 and ASC 842, and provides training and coaching. This position would require an external candidate to relocate to our Sparks, MD location.

Qualifications:

BS Degree in Accounting or related field is required
Minimum of 5 years of experience in Accounting/Finance function or combination of education and experience if CPA obtained
Preferred CPA certification and/or MBA
Highly preferred direct exposure to Revenue Recognition and Lease Accounting Rules and Regulations.

Responsibilities:

Perform revenue recognition for customer contracts in accordance with Uniform Internal/External Agreement on Revenue Recognition Treatments under ASC 606 and ASC 842
Manage workload against deadlines
Co-manage BOT processes and utilize outputs
Be a power user of the revenue recognition software and perform, with little guidance, activities including scheduling, sample selection, procedures surrounding system testing, and upgrades in coordination with the Systems Lead for the revenue recognition software as needed
Interact with Contracts and Marketing teams regularly for the development of revenue recognition analysis, budgeting and forecasting of 606/842 impact, and ad hoc analysis
Complete journal entries as needed to correct or adjust financials
Coordinate and complete analysis of revenue and COGS actual results
Create and Review Account Reconciliations, Stand-Alone Selling Prices, and monthly reporting
Participate in projects, audits, and presentations as needed.

Required Skills:

Advance Microsoft Office (Excel/PowerPoint) skills required
U.S. GAAP literate with working knowledge of ASC 606 and ASC 842 required.
Excellent Communication Skills
SAP and Salesforce.com Experience a plus
Strong analytical skills with attention to detail and quality
Out of the box thinker / Global view oriented for problem solving and continuous improvement
Independent and proactive
Assertive

Skills and Certifications:

ASC 606
ASC 842

Source : Switch4 LLC