Revenue Recognition Senior Accountant at ICF providing analytics and support for revenue recognition team. Collaborating on compliance, documenting processes, and participating in audits from Reston, VA office.
Responsibilities
Prepare for and participate in monthly revenue meetings and review of monthly revenue which consists of analytical review of monthly revenue trends
Prepare and maintain supporting revenue accounting documentation, including revenue accounting checklists and spreadsheets for all new and existing projects
Perform review of quarterly Estimates at Completion, reviewing the forecast and trends prepared by the Business Finance team and ensuring reasonableness of assumptions
Support leadership in working with internal and external auditors to ensure compliance of quarterly revenue accounting and facilitate year-end financial audit request
Aid Director and Managers to implement company-wide revenue accounting procedures and practices to ensure compliance with ASC 606
Provide support and analytics to help leadership in Revenue and across ICF make better decisions regarding revenue recognition
Prepare monthly and quarterly reports for dissemination to Operations
Track metrics on new setups, modifications and other outstanding SOX deliverables from CMS and Cognos
Data entry of manual revenue adjustments into Costpoint
Requirements
BA/BS in Accounting, Finance, or related degree from an accredited university
Minimum of 4 years of related experience with accounting and financial reporting, preferably working with government contractors or a global public company
Knowledge of ASC 606 principles
Active CPA preferred or CPA candidate
Experience in revenue recognition for various contract types (Cost Plus, T&M, FPLOE and FP) a plus (not required)
1-3 years of public accounting experience preferred.
Experience with major ERP system preferred (Oracle, SAP, Netsuite, Deltek/Costpoint)
Experience reviewing/analyzing Estimates at Completion (EAC’s)
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