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Technical Revenue Accountant



IT, Accounting & Finance
Posted on Wednesday, September 27, 2023

Precisely is the leader in data integrity. We empower businesses to make more confident decisions based on trusted data through a unique combination of software, data enrichment products and strategic services. What does this mean to you? For starters, it means joining a company focused on delivering outstanding innovation and support that helps customers increase revenue, lower costs and reduce risk. In fact, Precisely powers better decisions for more than 12,000 global organizations, including 99 of the Fortune 100. Precisely's 2500 employees are unified by four company core values that are central to who we are and how we operate: Openness, Determination, Individuality, and Collaboration. We are committed to career development for our employees and offer opportunities for growth, learning and building community. With a "work from anywhere" culture, we celebrate diversity in a distributed environment with a presence in 30 countries as well as 20 offices in over 5 continents. Learn more about why it's an exciting time to join Precisely!

Intro and job overview:

This role will join our Finance and Accounting Team and will be responsible for providing technical revenue analytics and interpretations to the finance organization and other constituents, analyzing accounting treatments for complex revenue arrangements, assisting with the establishment of revenue recognition policies, processes, and controls.

Responsibilities and Duties:

  • Analyze, model revenue recognition, and document complex multiple element arrangements to support compliance with applicable internal company policies.
  • Work closely with FP&A department to support monthly and quarterly management reporting and flux analyses for multiple revenue streams.
  • Work with cross-functional groups to ensure agreements are structured in a way that supports the achievement sales and business objectives while maintaining compliance with revenue recognition requirements.
  • Work with M&A team to complete due diligence analytics, provide integration assistance and analyze ASC 606 compliance for the company.
  • Responsible for special projects, analyses, and continuous process improvements.
  • Responsible for analytical support of the Company’s external audits (and any quarterly or other interim reviews) for the consolidated company, and several foreign subsidiaries.
  • Responsible for assisting with implementation of internal controls related to the SEC reporting process in support of management and the external auditors’ assessment of internal controls over financial reporting.

Requirements and Qualifications:

  • 1-3 years of experience required; ideal candidate will have public accounting and software industry experience, but industry experience not required.
  • Bachelor's degree in accounting or finance.
  • Comprehensive and current understanding of U.S. GAAP and ASC 606, particularly software revenue recognition. Knowledge of IFRS preferred, but not required.
  • Proven ability to interpret complex contractual agreements including various master agreements, amendments, SOW’s, workorders, change orders, purchase orders.
  • Proven ability to interpret and apply revenue accounting guidance and prepare formal, well-supported, accounting position papers and supporting analyses.
  • Proficient in the use of Microsoft Office Suite with strong Excel skills. Knowledge of SFDC and NetSuite not required but is a plus.
  • Ability and readiness to embrace and successfully drive/implement change.
  • Process optimization focused; vision with the ability to apply practical solutions and navigate through ambiguity.
  • Team player, comfortable operating within a dynamic, complex organizational structure and able to be flexible and collaborate with team on different projects and needs.

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