Senior Financial Reporting Analyst

1 week ago


Cambridge, Massachusetts, United States Draper Full time
Job Description

Overview:

Draper is a leading research and development company that tackles important national challenges with a focus on delivering successful and usable solutions. Our multidisciplinary teams of engineers and scientists work in a collaborative environment that inspires innovation.

Job Summary:

The Senior Financial Reporting Analyst will provide critical support to the business in revenue recognition, contract profitability, and compliance with generally accepted accounting principles. This role will be responsible for day-to-day analysis of new contracts, modifications, and recognition status, as well as weekly and monthly revenue recognition processes.

Key Responsibilities:

  • Maintain revenue recognition policies and procedures documentation.
  • Develop and communicate revenue status reports.
  • Provide revenue recognition training to cross-functional teams.
  • Review and assess new contracts against ASC606 criteria.
  • Monitor contract modifications, risk authorizations, and funding levels.
  • Ensure the integrity, consistency, reliability, and efficiency of revenue recognition processes.
  • Analyze contract incentive and performance fee applicability.
  • Monitor the Financial Accounting Standards Board for new Accounting Standards updates.
  • Collect and analyze program estimates at completion.
  • Continually identify and implement opportunities for revenue system improvements.

Requirements:

  • 7 years of progressive accounting experience with an emphasis on technical accounting exposure.
  • Bachelor's degree in Accounting or Finance.
  • Advanced level Microsoft Excel proficiency.
  • Knowledge of government contracts and Tier One ERP systems.

What We Offer:

Draper supports a diverse and inclusive work environment and offers a range of benefits, including flexible work arrangements, employee clubs, and professional development opportunities.

Equal Employment Opportunity:

Draper is committed to creating a diverse environment and is proud to be an affirmative action and equal opportunity employer.



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