Revenue Recognition and Technical Accounting

Own the application of ASC 606 to existing, new, and modified customer arrangements, including the determination of performance obligation, transaction price and its allocation, impact from contract modifications, and the timing of revenue recognition.

Review contracts, amendments, change orders, claims, incentives, penalties, and other variable considerations; prepare clear, well-supported accounting conclusions and obtain required approvals.

Prepare ASC 606 templates and supporting schedules for significant or non-standard arrangements and judgmental matters.

Project Accounting and Month-end Close

Lead the monthly, quarterly, and annual revenue close for project-based accounting, in cooperation with the project controls team and PMO, ensuring revenue, cost, margin, contract asset and liability, and related balances are accurate, complete, and supportable.

Review and approve project setup and maintenance in NetSuite and related systems, including contract values, billing terms, revenue rules, budgets, cost codes, project status, and closeout requirements.

Monitor estimates at completion, forecasted costs, project progress, backlog, committed costs, and gross margin trends; investigate significant changes and ensure estimates are updated timely.

Reconcile project subledgers and supporting schedules to the general ledger, including contract assets, contract liabilities, retainage, accrued project costs, and revenue reserves.

Prepare revenue and project accounting journal entries, account reconciliations, roll forwards, analytics, and management reporting.

Business Partnership and Reporting

Partner with Project Managers, PMO, and Operations leaders to conduct project financial reviews, validate cost forecasts, resolve accounting issues, and improve visibility into project performance.

Project Revenue Accounting Manager

Responsibilities

Qualification

Required

Preferred

Benefits

Company

Networkconnex

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