Senior Accountant, Revenue Recognition Specialist
1 week ago
We are seeking a detail-oriented and energetic team player to support the growth of our business. As a Senior Accountant, Revenue Recognition Specialist, you will be responsible for all aspects of revenue recognition reporting and act as a true business partner to the business.
Key Responsibilities- Determine the recognition of revenue under ASC 606 / IFRS 15 and review customer purchase orders to determine Revenue Performance Obligations & Revenue Recognition Criteria.
- Compile monthly Revenue reports and prepare a monthly report of the Revenue and Cost of Sales to be recorded in the GL. Reconcile the report to the final monthly results in the ERP system.
- Prepare Balance Sheet Reconciliations for Unbilled Accounts Receivable, Deferred Revenue, Third Party Commissions, and others as needed.
- Understand and follow the SOX controls and L3Harris Corporate Policies related to Revenue Recognition.
- Liaise with internal auditors, external auditors, and Corporate Office and provide financial data where necessary.
- Collaborate with other business departments on business matters relating to Revenue, including Program Managers, Demand group, and Contracts department.
- Participate in monthly forecast for Revenue, Cost of Sales, and Cash Flow.
- Research US GAAP in relation to Revenue and recommend conclusions.
- Complete quarterly Net Realizable Value (NRV) Contract Asset and Liability workbook for Corporate Office.
- Assist to complete "Bill-and-hold" (ie. "Ship-In-Place") analysis templates, and ensure proper documentation and criteria are achieved prior to submission for internal and Corporate Office approval.
- Determine the recognition of revenue under ASC 606 / IFRS 15.
- Expert in US GAAP (In Particular Revenue Recognition- ASC 606/ IFRS 15).
- A focus on continuous improvement.
- Time management and organizational skills.
- Experience in a Public company environment or Auditing Public companies.
- Outstanding analytical and problem-solving skills.
- Ability to develop strong working relationships with related key managers and support staff.
- Advanced Excel skills.
- Attention to detail.
- Excellent written and verbal communication skills.
- Excellent ERP navigation skills.
- Knowledge of ERP LN is an asset.
- CPA/CA/CMA/CGA or equivalent, or actively pursuing a CPA designation.
- Requires strong knowledge of job area typically obtained through advanced education combined with experience.
- Typically viewed as having a specialty within discipline.
- May have broad knowledge of project management.
- Bachelor's Degree and minimum 6 years of prior relevant experience or Graduate Degree and a minimum of 4 years of prior related experience.
- Experience at an Accounting Firm or in an Accounting department at a Public or Private Company.
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Burlington, Ontario, Canada L3Harris Technologies Full timeAbout the RoleWe are seeking a detail-oriented and energetic team player to support the growth of our business. As a Senior Accountant, Revenue Recognition Specialist, you will be responsible for all aspects of revenue recognition reporting and act as a true business partner to the business.This is a diverse position that would be appealing to a self-starter...
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Burlington, Ontario, Canada L3Harris Technologies Full timeAbout the RoleWe are seeking a detail-oriented and energetic team player to support the growth of our business. As a Senior Accountant, Revenue Recognition Specialist, you will be responsible for all aspects of revenue recognition reporting and act as a true business partner to the business.This is a diverse position that would be appealing to a self-starter...
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