Senior Accountant

Position Summary:

The Senior Accountant, Order to Cash will report to the Corporate Controller and be responsible for managing all revenue recognition, invoicing, collection, related revenue accounting activities for the Company. The Senior Accountant, Order to Cash will also be responsible for the management of customer, project and employee master data in the ERP system and the time reporting system to maintain a complete, accurate and timely invoicing process and accurate revenue recognition and project accounting. The Senior Accountant, Order to Cash, while not a management position, provides functional leadership and process guidance to offshore accountants who assists in invoicing, reconciliation, cash application and other accounting activities.

The Senior Accountant, Order to Cash will be knowledgeable and experienced in accounting systems, principles and processes and have proven expertise in revenue recognition practices under ASC 606 and revenue cycle accounting and transactional processes for a services business. The Senior Accountant, Order to Cash must be a strong advocate for the processes, systems and team environment of the company and be disciplined and rigorous in meeting commitments and ensuring assigned responsibilities are completed accurately and efficiently.

Qualifications:

· Formal education and experience in general accounting, general ledger, financial reporting, account reconciliation, revenue recognition, accounts receivable and revenue cycle processes.

· Familiarity with accounting packages appropriate for mid-sized companies and comfort with other technology based financial applications. A very high level of Microsoft Excel proficiency and discipline is a strict requirement.

· Experience with accounting in a multi-entity and multi-currency environment and familiarity with project accounting and invoicing for a services firm is preferred.

· Technical financial skills that include master data maintenance and transaction processing in complex, dimension-based accounting systems. Analytical skills that allow for the interpretation of financial and operational data, financial trends, and reports. General knowledge of GAAP accounting, general ledger and accounting processes pertaining to ASC 606 revenue recognition, account analysis and revenue validation and balance sheet account reconciliations is required.

· Operational acumen that allows the Senior Accountant, Order to Cash to analyze financial information and communicate and provide insight to general managers from an operational perspective. Professional presentation skills and the ability to communicate across all levels of the organization is required.

· Previous experience in processing accounting transactions and month-end accounting close processes including customer invoicing, revenue recognition and reconciliation, project cost, unbilled/deferred revenue, and accounts receivable reconciliation.

· Proven ability to work well with autonomy.

· Analytical abilities to research, extract, summarize and communicate complex or diverse information.

· Ability to professionally manage confidential information.

· Strong leadership skills marked by a high integrity, collaborative work style, team orientation and ability to motivate team members at all levels to create a highly productive environment.

Responsibilities:

· Coordinate and review work performed by the offshore accounting team which includes invoicing, reconciliation, cash application and other revenue cycle.

· Responsible for customer invoicing on various software and service projects. Ensure that time inputs to the invoicing process are accurate, that changes in resource project assignments, billing rates, billable project expenses and customer terms are reflected on invoices and that invoices are issued by committed deadlines.

· Responsible for the recording of cash receipts and performing cash application functions within the ERP system for all customer payments in an accurate and timely manner.

· Manage master data for all inputs and changes to customer, project and resource level data elements within the ERP system accounting and time reporting systems. Analyze, identify, and resolve all errors and inconsistencies in master data and customer, project and resource setup in the ERP system and time reporting systems that could adversely impact the accuracy of invoices, project accounting and revenue recognition.

· Responsible for the management of collection activities and for customer communication and resolution of past due account balances. Provide a summary of at-risk accounts receivable balances or balances requiring relationship management involvement to sales and financial management each month.

· Lead the accounting close and related reconciliation processes for revenue cycle and ASC 606 revenue recognition activities:

·

o Review and analyze service contracts and statements of work to identify performance obligations under which revenue will be recognized under the Solugenix revenue recognition policy and ASC 606. Conduct meetings with project owners to assess and document the completion status of contract performance obligations which determine recognition of revenue and the related costs to be recognized or deferred for incurred for incomplete performance obligations at the end of each accounting period. Maintain revenue recognition and cost deferral worksheet for each project that documents status, determines necessary journal entries for revenue recognition and cost deferral adjustments and reconcile the related P&L and balance sheet accounts.

o Prepare the month-to-month roll-forward and reconciliation of revenue, accounts receivable and related balance sheet accounts. Analyze, reconcile, and resolve any issues encountered in the reconciliations and account roll-forward.

· Provide reporting, analysis, and support to business unit executives in monthly meetings to improve their level of business understanding, identify and analyze trends, reconcile performance to budget and forecast and prepare them to address issues in corporate level reviews.

· Provide monthly reporting on the accounts receivable and unbilled revenue portions of working capital to business unit executives and financial management. Reporting should be action oriented and highlight specific problem areas and trends that are resulting in adverse working capital trends and increases in the cash conversion cycle along with related recommendations.

· Provide functional leadership and supervision for a team of offshore accountants who perform invoicing, reconciliation, cash application, and other revenue cycle activities as listed below.

· Responsible for customer invoicing on various software and service projects.

· Ensure that time inputs to the invoicing process are accurate, that changes in resource project assignments, billing rates, billable project expenses, and customer terms are reflected on invoices, and that invoices are issued by committed deadlines.

· Responsible for the recording of cash receipts and performing cash application functions within the ERP system for all customer payments in an accurate and timely manner.

· Manage master data for all inputs and changes to customer, project, and resource level data elements within the ERP system accounting and time reporting systems.

· Analyze, identify, and resolve all errors and inconsistencies in master data and customer, project, and resource set up in the ERP system and time reporting systems that could adversely impact the accuracy of invoices, project accounting, and revenue recognition.

· Take ownership of and lead the accounting close and related reconciliation processes for the order to cash and ASC 606 revenue recognition activities.

· Review and analyze service contracts and statements of work to identify performance obligations under which revenue will be recognized under the Solugenix revenue recognition policy and ASC 606.

· Conduct meetings with project owners to assess and document the completion status of contract performance obligations which determine recognition of revenue and the related costs to be recognized or deferred for incurred for incomplete performance obligations at the end of each accounting period.

· Maintain revenue recognition and cost deferral worksheet for each project that documents status, determines necessary journal entries for revenue recognition and cost deferral adjustments, and reconciles the related P&L and balance sheet accounts.

· Prepare the month-to-month roll-forward and reconciliation of revenue, accounts receivable, and related balance sheet accounts.

· Analyze, reconcile, and resolve any issues encountered in the reconciliations and account roll-forward.