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Revenue Accountant

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Washington, United States Veradigm Full time

Welcome to Veradigm, where our Mission is transforming health, insightfully. Join the Veradigm team and help solve many of today's healthcare challenges being addressed by biopharma, health plans, healthcare providers, health technology partners, and the patients they serve. At Veradigm, our primary focus is on harnessing the power of research, analytics, and artificial intelligence (AI) to develop scalable data-driven solutions that bring significant value to all healthcare stakeholders. Together, we can transform healthcare and enable smarter care for millions of people.

Position Summary:

As the Accountant of Revenue, you will be primarily responsible for overseeing revenue accounting activities and ensuring compliance with ASC 606. You will play a crucial role in researching and implementing accounting guidance related to revenue recognition for new transactions and accounting pronouncements. This position requires a strong focus on technical accounting and the ability to stay updated on relevant standards and regulations.

Duties and Responsibilities:

  • Analyze financial information to ensure its accuracy and prepare supporting schedules.
  • Prepare and post journal entries and account reconciliations specifically related to revenue recognition, including complex transactions and accruals/reserves.
  • Review and determine the appropriate accounting treatment for revenue-related transactions, including contracts, agreements, and specialized revenue streams.
  • Collaborate with cross-functional teams to align revenue recognition policies with business strategies and objectives.
  • Assist with the monthly, quarterly, and annual closing procedures, with a specific focus on revenue accounting.
  • Conduct technical accounting research and provide guidance on revenue recognition matters, ensuring compliance with ASC 606 guidelines.
  • Support internal and external auditors during interim reviews and year-end audits, addressing any revenue-related inquiries or issues.
  • Identify areas for process improvements in revenue accounting and contribute to their implementation.
  • Maintain knowledge of Generally Accepted Accounting Principles (GAAP) and other relevant accounting regulations related to revenue recognition.
Qualifications:
  • Bachelor's degree in accounting required
  • Active CPA license, MBA or equivalent is preferred
  • 3-5 years of experience in public accounting or a public company in an accounting/finance role
  • Strong knowledge of US GAAP, SEC, and PCAOB guidance and regulations for publicly traded companies
  • Balance Sheet Focus: Oversee reconciliations and workflow processes for deferred revenue, unbilled revenue, contract assets, bad debt reserves, and accounts receivable reserves, ensuring accuracy and compliance.
  • ASC 606 and CECL Expertise: Utilize thorough understanding of ASC 606 revenue recognition and CECL standards to manage and report revenue accounting.
  • Excellent written and verbal communication skills with the ability to effectively tailor communications with senior management, external auditors, and various corporate departments, as necessary
  • Strong analytical and problem-solving skills
  • Excellent organizational and time management skills

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Enhancing Lives and Building Careers

Veradigm believes in empowering our associates with the tools and flexibility to bring the best version of themselves to work and to further their professional development. Together, we are In the Network. Interested in learning more?

Take a look at our Culture, Benefits, Early Talent Program, and Additional Openings.

We strongly advocate that our associates receive all CDC recommended vaccinations in prevention of COVID-19.

Visa Sponsorship is not offered for this position.

At Veradigm, our greatest strength comes from bringing together talented people with diverse perspectives to support the needs of healthcare providers, life science companies, health plans, and the patients they serve. The Veradigm Network is a dynamic, open community of solutions, external partners, and cutting-edge artificial intelligence technologies that provide advanced insights, technology, and data-driven solutions. Veradigm offers a comprehensive compensation and benefits package, including holidays, vacation, medical, dental, and vision insurance, company paid life insurance and retirement savings.

Veradigm's policy is to provide equal employment opportunity and affirmative action in all of its employment practices without regard to race, color, religion, sex, national origin, ancestry, marital status, protected veteran status, age, individuals with disabilities, sexual orientation or gender identity or expression or any other legally protected category. Applicants for North American based positions with Veradigm must be legally authorized to work in the United States or Canada. Verification of employment eligibility will be required as a condition of hire. Veradigm is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse and inclusive workforce.

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