Revenue Accountant

What is this role?
We are looking for a highly motivated and detail-oriented Revenue Accountant to join our accounting team. In this role, you will be responsible for both managing the accounts receivable process and ensuring the accurate recognition of revenue according to accounting standards. As a key player in a small, dynamic team, you will manage customer billing and payments, track outstanding balances, and work closely with various departments to ensure that revenue is recognized appropriately. This is an excellent opportunity for someone looking to take on a broad range of accounting responsibilities in a fast-paced, growing environment.

What does an average day look like? 

Driving Results:

• Oversee the timely and accurate processing of customer invoices and ensure that all payments are applied correctly to open invoices.
• Understand and manage customer level P&L’s and contribution margin.
• Manage cash application and resolve discrepancies between payments and invoices.
• Ensure that revenue is recognized in compliance with accounting standards (ASC 606), including contracts, sales, and billing adjustments.
• Prepare and analyze weekly A/R aging reports to monitor overdue accounts and provide insights into collections performance.

Taking Ownership:

• Lead billing, collections, and dispute resolution processes, ensuring smooth operation of accounts receivable and cash flow management.
• Review customer contracts for proper revenue recognition and prepare revenue-related journal entries.
• Assist with month-end and year-end closing processes, including revenue recognition and reconciliation of A/R accounts.

Making Decisions:

• Analyze and evaluate credit applications, working with sales and finance teams to manage credit risk exposure.
• Provide actionable insights and recommend improvements to optimize cash flow and reduce DSO (Days Sales Outstanding).
• Assist with the development and implementation of best practices for billing, collections, and revenue recognition processes.

Cultivating Relationships:

• Partner with sales and operations regarding customer billing inquiries, payments, and account issues.
• Partner with cross-functional teams (sales, legal, finance) to resolve customer disputes and ensure proper contract and revenue recognition.
• Collaborate with auditors during year-end audits to ensure proper revenue recognition and A/R controls are in place.

Instilling Trust:

• Ensure adherence to internal controls and policies related to both accounts receivable and revenue recognition.
• Drive continuous improvements in both A/R and revenue recognition processes, including automation initiatives to enhance efficiency and reduce manual errors.
• Maintain data integrity in financial reporting and provide timely and accurate updates to leadership.

Customer Focus:

• Build and maintain strong relationships with customers to ensure timely payments and resolve any outstanding billing or payment issues.
• Ensure clear, consistent, and professional communication with customers and internal stakeholders regarding accounts and revenue recognition.

What Background Should You Have?

• 2-4 years of experience in accounts receivable, revenue accounting, or a related field, preferably in a high-growth business environment
• Understanding of revenue recognition principles (e.g., ASC 606) and A/R best practices
• Proficiency in ERP systems (experience with Microsoft Dynamics preferred) and Microsoft Excel (e.g., VLOOKUPs, pivot tables)
• Bachelor’s degree in Accounting, Finance, or related field required 
• Strong analytical and problem-solving skills, with the ability to handle complex accounting issues.
• Excellent communication skills and the ability to work effectively with cross-functional teams
• Ability to prioritize and meet deadlines in a fast-paced environment