Revenue Recognition Manager

1 month ago

Chicago, Illinois, United States TransUnion LLC Full time

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What We'll Bring:

At TransUnion, we have a welcoming and energetic environment that encourages collaboration and innovation. We are consistently exploring new technologies and tools to be agile. This environment gives our people the opportunity to hone current skills and build new capabilities, while discovering their genius.

Come be a part of our team - you'll work with great people, pioneering products and cutting-edge technology.

What You'll Bring:

  • Bachelor's degree in a related field, accompanied by a CPA
  • 5+ years of public accounting or industry experience in technical accounting
  • 1+ years of supervisory experience
  • Ability to operate within a matrixed environment
  • In-depth knowledge of ASC 606 and revenue recognition topics
  • Experience performing accounting research and authoring technical accounting memos
  • Experience implementing new accounting standards, policies and processes
  • Experience in building, scaling or operationalizing revenue recognition processes

We'd Love to See:

  • Experience using ERP systems, PeopleSoft, Oracle, Power BI, OneStream & Blackline

Impact You'll Make:

Reporting to the Director, Revenue Recognition, Commissions and Royalties, the Revenue Recognition Manager will have a key role in shaping the strategy of the revenue accounting function, navigating new business initiatives and their corresponding revenue recognition and billing considerations, and contribute to the continuous improvement of the accounting function.

The Manager role provides a unique opportunity to lay the foundation for a scalable revenue recognition function. The Manager will contribute to updating revenue recognition policies, implementing robust and repeatable accounting processes, and designing effective internal controls for the U.S. Markets segment.

The Manager will collaborate with Sales, Product, Legal, Finance and other accounting teams to support U.S. Markets revenue growth, compliant financial reporting and accurate customer billing. This role will be responsible for month end close activities and support quarterly revenue disclosure processes.

  • Maintain robust policies, processes and procedures to ensure revenue recognition and disclosure is compliant with US GAAP. This will include:
    • Becoming proficient in the end-to-end revenue process starting with product fulfillment systems into billing and financial systems through cash receipt
    • Partnering with global finance shared services billing and accounts receivable team on implementation of new products, new accounting standards and other recommended operational changes
    • Partnering closely with Sales and Legal team members to evaluate and influence revenue recognition considerations and outcomes during the contract negotiation phase
    • Evaluating customer contracts for non-standard terms and conditions that have revenue recognition implications and documenting the proper accounting treatment
    • Consulting with line of business and product management to gain deep understanding of near- and long-term plans for new products and revenue streams
    • Preparing detailed technical accounting memos that document relevant US GAAP and key considerations to support accounting conclusions
  • Manage the month and quarter end revenue accounting close processes which includes reviewing and approving journal entries, revenue and balance sheet analysis and reconciliations, and 10Q/10K revenue disclosures
  • Provide leadership to direct report(s) and global capability center accounting team
  • Assist in the assessment, design and implementation of internal controls
  • Serve as key point of contact for internal, external and regulatory audit requests
This is a hybrid position and involves regular performance of job responsibilities virtually as well as in-person at an assigned TU office location for a minimum of two days a week.

Benefits:

TransUnion provides flexible benefits including flexible time off for exempt associates, paid time off for non-exempt associates, tuition reimbursement, additional (following any short-term disability) 10 weeks of parental leave with gradual return, adoption assistance, fertility coverage, spousal and domestic partner benefits, charity gift matching, employee stock purchase plan, retirement contributions with employer match, organizational growth potential through our online learning platform with guided career tracks, and access to TransUnion's Employee Resource Groups.

We are committed to being a place where diversity is not only present, it is embraced. As an equal opportunity employer, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, veteran status, genetic information, marital status, citizenship status, sexual orientation, gender identity or any other characteristic protected by law.

TransUnion's Internal Job Title:

Manager I, Accounting

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, veteran status, marital status, citizenship status, sexual orientation, gender identity or any other characteristic protected by law.

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