Revenue and Billing Specialist
2 weeks ago
CV Resources is collaborating with a leading aerospace organization to find a skilled Billing and Revenue Analyst.
Position Overview: We are in search of a proficient Billing and Revenue Analyst to enhance our Finance Team. This role is crucial in managing billing operations, which encompasses reviewing agreements, establishing sales orders, processing invoices, and overseeing receipts. Key responsibilities include analyzing and reconciling inventory and cost transactions across various accounting platforms, along with managing general ledger account reconciliations. A comprehensive understanding of contractual billing, especially in government defense contracts, and familiarity with revenue recognition standards (ASC 606) is essential.
Key Responsibilities:
- Oversee the billing cycle, including contract evaluations, sales order creation, invoice management, and receipt processing.
- Work in conjunction with Shipping, Production, Project Management, and Engineering departments to ensure precise billing.
- Facilitate billings through diverse customer portals, including the Wide Area Workflow (WAWF) system.
- Distribute revenue elements and manage deferred revenue transactions in accordance with ASC 606.
- Modify customer accounts and handle collections as required.
- Reconcile inventory and cost figures between accounting systems, ensuring shipping transactions accurately reflect part movements.
- Support monthly closing activities, account reconciliations, budget formulation, and financial analysis.
- Identify and rectify discrepancies in financial records while implementing process enhancements.
Required Qualifications:
- Bachelor's degree in Accounting or Finance.
- A minimum of 5 years' experience in accounting or a related discipline, with substantial experience in contractual invoicing and billing.
- Preferred background in government defense contracting, job-costing, and inventory cost accounting.
- Proficiency in Office 365 Suite.
- Strong mathematical, analytical, and problem-solving capabilities.
- Excellent communication skills with a keen attention to detail.
- Ability to juggle multiple tasks and adhere to deadlines.
Desired Qualifications:
- Experience with QuickBooks and/or Global Shop Solutions accounting systems.
- Familiarity with FAR, Government Accounting, and Government Contracting is advantageous.
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