Overview

Senior Accountant (Order to Cash Team Lead)

Scottsdale, AZ

Full-Time

Job ID 2023-9363

Solugenix is seeking an experienced Senior Accountant to manage all order to cash processes and related systems for its business segments. 

The ideal candidate will be a strong senior accounting professional with the order to cash experience who is not afraid to roll up their sleeves and apply excellent business instincts to add value to the accounting function and implement processes to prepare the Company for its next stage of growth.

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.

This individual will be energetic, confident and a problem solver and can work independently in a fast paced, flexible, diverse, high growth and lean environment. This person will be a quick learner and hands on, passionate and able to interact effectively with all levels of the organization. As this position is responsible for invoicing our customers, it is critical that the Senior Accountant be highly organized with an extreme level of attention to detail while demonstrating strong communication skills to ensure that invoices presented to customers are timely, accurate, comply with documented processes and reflect the professionalism that our Company is known for.

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:
• • 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.
  • 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.
• Provide reporting, financial support, and analysis to business unit executives in monthly support 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.

Personal Elements

• Action-oriented and self-motivated.
• Computer Skills – Excel, Word & accounting.
• High standards of personal and team excellence.
• Comfort around higher management.
• Excellent communication and presentation skills
• Customer focus and team orientation.
• A Business Partner to senior and operations management and a strong team player.
• Innovative and committed to process improvement across the business.
• Multi-tasking skills w/o losing attention to detail.
• Passionate about driving results and business performance.
• Strong problem-solving skills.

For our Full Time Employees, we offer full benefits:

• Quality Healthcare Options for you and your family
• Quality of Life Enhancements - Paid Time Off for vacation, sick leave, and more
• Maternity/Paternity Leave
• 401k plan
• Short Term Disability (STD) Insurance
• Long Term Disability (LTD) Insurance
• Merit-based awards and recognition

We believe in taking care of our employees through:

• Professional education and leadership training
• Career growth with mentorship and guidance by Solugenix senior leadership
• Celebrating and rewarding our employees for their successes
• Work life balance. We work hard to ensure success, but we also ensure that our employees have the right balance to live their lives as they desire
• A family culture of open communication and enjoyable teammates
• Opportunities to give back to the community and make a difference

About Solugenix

Solugenix is an information technology services company known for its deep experience and knowledge in providing comprehensive technology services, solutions, and talent support for companies around the world. The company offers a variety of cutting edge and talent support solutions to promote growth and cutting-edge advancement to our esteemed clients and candidates. We provide these talent support solutions on a contract, contract-to-hire, and direct hire basis. We also have additional resources from our staffing partners to ensure the right match and expertise for the best result.

For over 50 years, global and local brands have trusted Solugenix as an added resource and partner in taking steps to ensure their immediate and future success. In addition to generating ground-breaking, industry-defining solutions, Solugenix has been delivering the talent and support needed to make it happen. We are dedicated to partnering with clients and candidates whose core values also foster a culture of professionalism, teamwork, and integrity.