Sr Manager, Technical Accounting

los angeles, CA 90045

Posted: 05/23/2018 Job Titles: ACCT OPS- Revenue Accounting Manager Job Number: 1932 Pay Rate: 135,000

Global Technology company in West LA is looking for a Senior Revenue Recognition Manager to join their accounting team. This position is responsible for leading the revenue recognition and accounting activities.

Essential Duties/Principal Responsibilities:
  • Lead the current revenue recognition under U.S. GAAP guidance to Accounting Standards Codification 606 “ Revenue from Contracts with Customers” (“ ASC 606”).
  • Review current revenue recognition process/procedures and implement process improvements to improve efficiency and timeliness of reporting.
  • Develop the appropriate control environment surrounding the revenue recognition process and maintain all required SOX documentation.
  • Review revenue contracts, identify deliverables, and allocate contract consideration to the separate units of accounting. Document conclusions.
  • Provide monthly revenue recognition journal entries to applicable business units while ensuring accurate and timely monthly, quarterly, and year-end close.
  • Oversight of deferred revenue balances and all revenue and related cost accounting accruals.
  • Maintain all needed account reconciliations.
  • Maintain and enhance processes used to generate deferred revenue data and VSOE/TPE/BESP values.
  • Interface with business leaders and act as a resource in all matters surrounding revenue recognition including the impact of forecast/potential transactions and the drivers of actual revenue performance.
  • Provide periodic training to business units on various revenue recognition topics.
  • Interface with both internal and external auditors in support of audit procedures.
  • Maintain Xylem revenue policies and update as deemed necessary.
  • Complete special projects as needed.
  • Act as liaison to various stakeholders within the company (ex. FP&A and legal functions).

Required Knowledge, Skills and Abilities:
  • Thorough understanding of current revenue recognition standards under U.S. GAAP
  • Minimum 2 – 3 years of people managerial experience required.
  • Proficiency using Excel to summarize and analyze data including use of pivot tables.
  • Problem-solving, analytical skills and the ability to balance multiple tasks simultaneously.
  • Position requires high attention to detail and a desire for continuous improvement.
  • Strong verbal and written communication skills and a professional attitude and demeanor.
  • Strong organizational skills and ability to work both independently and collaboratively, manage multiple projects, and prioritize workload to meet deadlines.
  • Experience preparing process narratives and flowcharts is a plus.

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