Assistant Controller-Revenue & Collections (On-Site)

Position Summary:

Avenu Insights & Analytics is seeking a highly experienced and strategic Assistant Controller of Revenue and Collections to lead our revenue accounting and accounts receivable functions. Reporting to the Corporate Controller, the Assistant Controller – Revenue & Collections will be responsible for ensuring the accurate and timely recognition of revenue in accordance with ASC 606, managing the collections process to optimize cash flow, and leading a team of dedicated professionals. The ideal candidate will possess a strong understanding of revenue accounting principles, significant management experience, and a proven track record of improving revenue and collection processes.

 
Responsibilities:

Revenue Recognition (ASC 606 & Invoicing):

• Oversee and ensure accurate application of ASC 606 revenue recognition standards across all revenue streams.
• Interpret complex contracts and agreements to determine appropriate revenue recognition treatment.
• Develop, implement, and maintain revenue accounting policies and procedures in compliance with GAAP.
• Provide guidance and training to relevant teams (e.g., Sales, Legal, Finance) on ASC 606 requirements.
• Review and approve revenue-related journal entries, reconciliations, and analyses during the month-end close process.
• Stay current on changes and interpretations of ASC 606 and implement necessary updates to policies and procedures.
• Guide, mentor and manage the team to ensure invoicing occurs efficiently and accurately at the end of each period.

Collections Management:

• Develop and implement effective collection strategies and procedures to minimize outstanding receivables and optimize cash flow.
• Oversee the Accounts Receivable aging process and proactively address past-due accounts.
• Establish and monitor key performance indicators (KPIs) related to collections, such as Days Sales Outstanding (DSO).
• Manage relationships with customers regarding payment terms and collection efforts.
• Implement and maintain credit policies and procedures.

Team Leadership and Management:

• Lead, mentor, and develop a high-performing revenue and collections team.
• Set clear performance expectations, provide regular feedback, and conduct performance evaluations.
• Foster a collaborative and positive work environment.  
• Ensure adequate training and development opportunities for team members.
• Organize and delegate tasks effectively to ensure efficient operations.

 Process Improvement and Internal Controls:

• Identify and implement process improvements to enhance the efficiency and accuracy of revenue and collection processes.
• Develop and maintain strong internal controls over revenue recognition and the Accounts Receivable function.
• Ensure compliance with company policies and relevant regulations.
• Participate in system implementations and upgrades related to revenue and collections.

 Reporting and Analysis:

• Prepare and present regular reports on revenue and collections performance to senior management.
• Analyze trends and provide insights to improve forecasting and decision-making.
• Collaborate with the Finance and Accounting teams on financial reporting and audits.
• Provide support for internal and external audits related to revenue and collections.

Cross-Functional Collaboration:

• Partner with Sales, Legal, and other departments to ensure alignment on contract terms and revenue implications.
• Work closely with Customer Service to resolve billing and collection issues.
• Perform other duties as assigned.

 Qualifications:

• Bachelor's degree in Accounting. CPA preferred.
• Minimum of 10 years of progressive experience in accounting, with a strong focus on revenue recognition and collections.
• Experience working in a software company is required.
• Demonstrated deep understanding and practical application of ASC 606 Revenue from Contracts with Customers.
• Minimum of 7 years of experience in a management role, leading and developing teams.
• Proven ability to develop and implement effective revenue and collection strategies and processes.
• Strong analytical and problem-solving skills with a strong attention to detail.
• Excellent communication, interpersonal, and presentation skills.
• Proficiency in accounting software and ERP systems (Sage Intacct).
• Advanced proficiency in Microsoft Excel.
• Ability to work independently and collaboratively in a fast-paced environment.

 
Work Environment:

• Office setting with a moderate noise level.
• The employee will work at an individual workstation, using a telephone and computer.

Physical Demands:

• Must be able to remain seated for extended periods.
• Regular use of a computer and other office machinery, such as printers and copy machines.
• Occasional movement around the office.
• Frequent communication via telephone.

Avenu Summary: 

With the backing of four decades of public sector expertise and corporate capability, Avenu has successfully supported government services. Avenu was honored and recognized for four (4) consecutive years as a GovTech 100 Company representing the top 100 companies focused on making a difference in and selling to state and local government agencies across the United States.

Avenu is committed to helping communities thrive and brings a wealth of experience combined with innovation. Today, Avenu offers more administrative and financial support to government officials than any other organization.  And with a responsive, client-focused approach, we foster partnerships that give our customers the certainty they need to accomplish more.

Avenu offers a competitive benefits and compensation package and are looking for team members who will thrive in our dynamic environment.

Avenu is an Equal Opportunity Employer. Selection for a position will be made without regard to race, religion, national origin, sex, political affiliation, marital status, non-disqualifying physical handicap, and age.