Revenue Accountant

1 week ago


India Cytel Software Corporation Full time

Company:

Cytel provides unrivaled biostatistics and operations research knowledge to our customers in the life sciences industries in the form of both software and services. At Cytel, we work hard to create successful careers with significant professional growth for our employees, as a result of which they work hard to make Cytel successful. Cytel is a place where talent, experience and integrity come together to advance the state of clinical development.

Job Description:

Reporting to the Revenue Accounting Manager, the Revenue Accountant will play a key role in accurately and timely monthly revenue close and analytics, account reconciliations, supporting annual audit requirements, promoting, and maintaining a strong control environment and supporting in implementing best practices company-wide to help scale the business.

The Revenue Accountant is an important position within the Finance Department with a goal of collaborating with our business partners in Accounting, Reporting, FP&A, Commercial Operations, Project Management, Legal, Sales Operations, and Business Development. A successful candidate will have technical competence and experience (primarily in Project Based Services revenue accounting and analytics ), contract review, compliance, and operational experience. You'll be expected to roll up your sleeves and thrive in a fast-paced environment.

Essential Duties & Responsibilities:

  • Own global revenue recognition process, mainly percent complete revenue recognition, for the 2 Business Units which includes timely and accurately completing close activities, preparing journal entries, and providing the backup support.
  • Review customer contracts to ensure proper revenue recognition in accordance with ASC 606 as well as confirming they are set up properly for invoicing and revenue recognition in the appropriate entities within ERP (Sage Intacct soon to be Oracle Fusion).
  • Ensure compliance and proper revenue recognition in accordance with ASC 606 and any related guidance.
  • Perform multiple tasks and ad hoc projects as assigned.
  • Maintain process documentation for areas of responsibility.
  • Opportunities to participate in Finance & Accounting shared projects.
  • Maintain and update Global New Business Tracker.
  • Compile and maintain Accounts receivable reports.

Qualifications:

  • Bachelor's degree in accounting or related field required
  • 3 years progressive accounting experience; CRO industry experience will be a plus.
  • Superior Excel skills required.
  • Knowledge of ASC 606, ideally in Project Based Services (POC) and/or SaaS will be a plus.
  • Excellent written, verbal, and interpersonal communication skills
  • Proven ability to work independently as well as in a team atmosphere.
  • Proven ability to meet tight deadlines, multi-task, change direction quickly and prioritize workload.
  • Strong organizational and time management skills
  • Experience with Sage Intacct and Oracle Fusion a plus.

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