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Revenue Accounting Manager
2 months ago
Revenue Accounting Manager
DataDirect Networks Inc, a leading provider of AI and multi-cloud data management solutions, is seeking a highly skilled Revenue Accounting Manager to join our dynamic team. As a key member of our finance department, you will play a critical role in ensuring the accuracy and compliance of our revenue recognition processes.
Key Responsibilities:
- Collaborate with Sales, Order Management, and Corporate Legal teams to ensure revenue transactions are booked in accordance with our revenue recognition policy.
- Participate in discussions, review draft contracts, and provide recommendations for recognition in accordance with relevant accounting literature and our Revenue Recognition Policy.
- Review revenue contracts to identify various performance obligations and determine appropriate revenue accounting treatment under current revenue recognition rules per ASC 606.
- Calculate estimated standalone selling price for various performance obligations.
- Calculate allocation of total contract consideration to multiple performance obligations based on the relative values using the standalone selling price.
- Publish accounting memo as necessary to document the Company's accounting positions.
- Work actively with external auditors to ensure that revenue recognition interpretations are consistent and compliant with GAAP.
- Responsible for the monthly close on revenue accounting and prepare journal entries to ensure proper accrual or deferral of revenue as appropriate.
- Work with our international entities team to ensure proper recognition of our revenue and cost and timely reporting.
- Maintain and update internal controls and policies and procedures documentation for revenue recognition and support internal audits of related controls.
- Enhance existing processes and automation of Oracle.
- Support all revenue recognition disclosures in all financial reporting requirements.
- Create detailed revenue reporting as needed for management purposes as well as other process and control improvement as required.
- Provide revenue recognition guidance & training to various teams at the international and domestic locations during the year.
Requirements:
- CPA required, BA in Accounting or related majors or equivalent work experience.
- 5 - 10 years progressive experience plus relevant managerial roles in private companies with Big 4 experience required.
- Strong technical Revenue Recognition experience, significant knowledge of ASC 606, and all related guidance regarding revenue recognition in a high-tech company.
- Strong technical, analytical, business partnering, and interpersonal skills.
- Must have advanced Microsoft Excel skills and ability to work and analyze large data sets.
- Strong business acumen and the ability to influence change through written and verbal communications are imperative.
- Position requires the ability to communicate professionally, clearly, and effectively to target audiences.
- Results oriented and strong attention to details.
- Subscription revenue/ Software As a Service experience.
About Us:
DataDirect Networks Inc is a global leader in AI and multi-cloud data management solutions. We are committed to innovation, customer-centricity, and a team of passionate professionals who bring their expertise and dedication to every project. This is a chance to make a significant impact at a company that is shaping the future of AI and data management.
What We Offer:
- A dynamic and collaborative work environment.
- Opportunities for professional growth and development.
- A competitive salary and benefits package.
- The chance to work with a leading provider of AI and multi-cloud data management solutions.
