Remote Position
[Remote] Senior Revenue Accountant Revenue Recognition – Percentage of Completion (POC)
🌍 Remote · United States
💼 Full-time
Note: The job is a remote job and is open to candidates in USA. Cytel is seeking a Senior Revenue Accountant to manage revenue recognition, primarily Percentage-of-Completion accounting for project-based contracts under ASC 606. The role also supports close, financial reporting, audits, and collaboration with project and finance teams.
Responsibilities
- Manage revenue recognition activities in accordance with ASC 606, with a primary focus on Percentage-of-Completion (POC) accounting for project-based contracts
- Calculate and recognize revenue based on project progress, utilizing actual costs incurred relative to total estimated project costs (cost-to-cost methodology)
- Monitor project budgets, actual costs, estimated costs to complete, and changes in project scope to ensure accurate revenue recognition
- Review contracts to determine appropriate revenue recognition methods, performance obligations, and timing of revenue recognition
- Prepare and review monthly revenue schedules, journal entries, reconciliations, and supporting documentation
- Partner with Project Management, Finance, and Accounting teams to evaluate project progress, assess cost estimates, and resolve revenue recognition discrepancies
- Analyze contract modifications, changes in estimated project costs, and their potential impact on recognized revenue
- Support month-end and quarter-end close activities, financial reporting, and audit requirements related to revenue recognition
- Maintain accurate documentation supporting revenue calculations and compliance with applicable accounting standards
Skills
- Authorized to work in the US and or Canada without sponsorship
- Strong expertise in ASC 606 revenue recognition, particularly Percentage-of-Completion (POC) accounting for project-based contracts
- Direct experience with cost-based revenue recognition methods
- Strong knowledge of ASC 606 and revenue recognition principles
- Demonstrated hands-on experience with Percentage-of-Completion (POC) revenue recognition, preferably using a cost-to-cost methodology
- Experience accounting for long-term, project-based contracts and recognizing revenue as performance obligations are satisfied
- Ability to evaluate project costs, estimated costs to complete, and revenue recognition adjustments
- Experience with month-end close, journal entries, reconciliations, and financial reporting
- Strong Excel skills and experience working with ERP/accounting systems
- Ability to collaborate with project managers and cross-functional stakeholders to ensure accurate financial reporting
- Candidates should have direct experience with project-based, cost-to-cost POC revenue recognition rather than exclusively SaaS subscription revenue recognition
- Direct experience recognizing revenue over time using project costs as a measure of progress toward completion
- Revenue accounting experience within project-based professional services, consulting, engineering, technology implementation, or similar environments
- Experience with SaaS revenue recognition, including subscription arrangements and implementation services
- Familiarity with recognizing SaaS subscription revenue ratably over the contractual service period, as appropriate under ASC 606
- Experience with revenue accounting modules within ERP systems such as NetSuite, Oracle, or similar platforms
Benefits
- Consistent training, development and support
- Significant professional growth
Company Overview