- Review sales contracts/engagement letters and analyze various product/business revenue/expense streams for proper recognition and system setup
- Monitor engagements with fixed fees or multiple-element arrangements, adjusting revenue as necessary
- Review revenue adjustments made by other segments
- Assist in interpreting new accounting standards, implementing changes, and creating revenue reports
- Monitor billable Outside Contractor activity for accurate revenue and cost recording
- Conduct month-end closing of revenue and expense ledgers and prepare journal entries. Aid in adopting ASC 606 standards and develop revenue-related policies and procedures
- Coordinate monthly distribution of aged billed and unbilled receivable balances to all Managers of Practice support and CL Finance & Ops team and evaluate feedback for required adjustments in the monthly closing cycle
- Recording and reconciliation of all valuation reserves, including adjustment for in-period write off or collection
- Support preparation of monthly reporting package analyzing DSO statistics, bad debt expense and support for valuation reserves
- Identify process issues and implement improvements to enhance productivity and efficiency
- Support and improve month, quarter, and year-end close processes and reporting
- Prepare and post other monthly journal entries including, reserves, bad debt, etc
- Maintain journal entry tracking spreadsheet. Prepare balance sheet account reconciliations for related accounts
- Other special projects and duties as assigned by the Director
- BS/BA in Accounting or Finance
- 3 + years of post-graduate experience
- Excellent working knowledge of PC and network environments and advanced knowledge of Excel
- Strong and practical working knowledge of US GAAP accounting, including revenue recognition principles and exposure to foreign currency transactions
- Applicants must be currently authorized to work in the United States on a full-time basis,this position does not provide visa sponsorship
- Travel required to clients and FTI office(s)
- CPA
- Experience with IBM Cognos TM1 or similar reporting software
- Ability to research and apply ASC Topic 606
- Excellent interpersonal and communication skills
- Proven ability to work as a team member in a fast-paced environment
- Experience working with both domestic and international operating units
- Detail oriented, self-motivated, dependable, and able to manage simultaneous projects and deadlines
- Competitive total compensation, including bonus earning potential
- Full package of benefits plans, including medical, dental, and vision coverage along with life and disability insurance
- Generous paid time off
- Company matched 401(k) retirement savings plan
- Potential for flexible work arrangements
- Generous paid parental leave and flex return support
- Family care benefits, including back-up child/elder care
- Employee wellness platform
- Employee recognition programs
- Paid time off for volunteering in your community
- Corporate matching for charitable donations most important to you
- Make an impact in our communities through company sponsored pro bono work
- Professional development and certification programs
- Free in-office snacks and drinks
- Free smartphone and cellular plan (if applicable)
- FTI Perks & Discounts at retailers and businesses
- Upscale offices close to public transportation
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Revenue Accountant - Bowie, United States - FTI Consulting
Description
About The RoleThe Economic Consulting Accounting team is seeking a Revenue Accountant to join their team. This person will support revenue recognition and management of client billed and unbilled receivables for the Economic Consulting operating segment, including contract review, coordination with practice leaders managing engagements, calculation of revenue recognition and other valuation adjustments and related general ledger accounting, account reconciliations and monthly reporting, primarily for the North America practices. The ideal candidate will have knowledge of U.S. GAAP and experience with revenue recognition, reporting, and controls. This person will report to the Director of Accounting for the Economic Consulting Segment.
What You'll Do
Monthly Accounting Close
Revenue Recognition:
We are committed to investing and supporting you in your professional development. We have developed a range of programs focused on fostering leadership, growth and development opportunities. We aim to promote continuous learning and individual skills development through on-the-job learning, self-guided professional development courses and certifications. You'll be assigned a dedicated coach to mentor, guide and support you through regular coaching sessions and serve as an advocate for your professional growth.As you progress through your career at FTI Consulting, we offer tailored programs for critical professional milestones to ensure you are prepared and empowered to take on your next role.
What You'll Need to Succeed
Basic Qualifications
Our Benefits
Our goal is to support the well-being of you and your families-physically, emotionally, and financially. We offer comprehensive benefits such as the following:
FTI Consulting is a global business advisory firm dedicated to helping clients with their most significant opportunities and challenges. With more than 8,000 employees located in 31 countries, our broad and diverse bench of award-winning experts advise their clients when they are facing their most significant opportunities and challenges. At FTI Consulting, we embrace, cultivate and maintain a culture of diversity, inclusion & belonging, which are fundamental components to our core values. FTI Consulting is publicly traded on the New York Stock Exchange and has been named the #1 Professional Services Firm on Forbes List of America's Best Employers and the best firm to work for by Consulting Magazine. For more information, visit and connect with us on Instagram and LinkedIn.
FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.
