Overview
This role is for a Senior Accountant to join the Revenue Accounting team, focused on deferred revenue and contract asset reconciliation and technical revenue recognition deal reviews under ASC 606 within a healthcare information technology environment.
The team owns significant and complex revenue arrangements and works closely with Finance leadership and cross-functional partners across sales, legal, billing, and deal operations.
Responsibilities
- Own the end-to-end reconciliation of deferred revenue and contract asset balances, ensuring accuracy and completeness across customer accounts and product lines for both hosted and on-premise deployments, and both subscription and license revenue models.
- Prepare and maintain detailed deferred revenue and contract asset roll-forward schedules on a monthly and quarterly basis, analyzing activity drivers such as billings, revenue recognition, contract modifications, and terminations.
- Determine appropriate contract balance sheet classification (contract asset vs. deferred revenue/contract liability) for each customer arrangement based on the relationship between cumulative revenue recognized and cumulative amounts billed or collected.
- Record and review revenue transactions in compliance with ASC 606 and internal revenue recognition policies.
- Ensure revenue, deferred revenue, and contract asset balances are accurately recognized, recorded, and reported in accordance with US GAAP (ASC 606).
- Perform monthly close activities including journal entries, account reconciliations, and variance analysis related to revenue, deferred revenue, and contract asset accounts.
- Ensure proper cut-off and completeness of revenue recorded across customer accounts and service lines.
- Investigate and resolve reconciling items between the billing system, revenue subledger, and general ledger in a timely manner.
- Partner with billing, collections, and systems teams to ensure deferred revenue and contract asset data integrity across source systems.
- Conduct technical accounting reviews of new and modified customer contracts, assessing revenue recognition treatment under ASC 606 by identifying performance obligations, determining transaction price, and allocating SSP.
- Evaluate complex arrangements including multi-element deals, contract modifications, variable consideration, and bundled offerings to determine appropriate accounting treatment.
- Prepare technical accounting memos documenting revenue recognition conclusions for significant or non-standard arrangements.
- Serve as a subject matter resource for internal stakeholders (including sales, legal, and deal desk teams) on revenue recognition implications during deal structuring.
- Coordinate with external auditors on technical revenue matters, providing supporting documentation and responding to inquiries.
- Support SOX control requirements related to deferred revenue and contract assets, including preparation of reconciliations and supporting evidence for preparer/reviewer sign-off.
- Identify trends or anomalies in deferred revenue and contract asset balances and escalate findings with supporting analysis.
- Assist with preparation of revenue-related schedules for financial reporting and audit support, and support internal and external audit requests related to revenue recognition and deferred balances.
- Deliver timely financial information and analysis to stakeholders.
- Assist in the development and documentation of accounting policies related to revenue recognition.
- Complete special projects as assigned on an ad hoc basis.
Requirements
- Bachelor’s Degree in Accounting, Finance, or related field — or equivalent (Required)
- 3+ years relevant work experience (Required)
Knowledge, Skills, and Abilities
- Excellent analytical skills for financial analysis
- Knowledge of SEC reporting requirements and standards
- Knowledge of internal controls and SOX requirements
- Ability to translate large, raw datasets into audit-ready, GAAP-compliant financial information
- Strong working knowledge of ASC 606 and its application to SaaS/technology revenue arrangements, including hosted and on-premise deployments and both subscription and license revenue models
- Ability to distinguish and properly account for contract assets vs. deferred revenue (contract liabilities) based on the timing relationship between performance and billing/cash collection under ASC 606
- Ability to evaluate complex, multi-element contracts and apply sound revenue recognition judgment to non-standard deal structures
- Familiarity with healthcare IT industry dynamics (EHR, revenue cycle management (RCM), and payer interface/connectivity solutions) and how they influence contract and revenue recognition complexity
- Comfortable managing high contract and customer volume associated with a customer base of small-to-medium, independent physician practices across varied specialties
Preferred Qualifications
- 4–7 years relevant work experience
- 2+ years SaaS industry work experience
- Public accounting experience
- Revenue accounting experience
- SaaS/technology industry experience
- Contract accounting experience under ASC 606, including multi-element arrangements and variable consideration
- Healthcare IT or healthcare technology industry experience
- Certified Public Accountant
- SaaS/technology industry revenue accounting experience across hosted and on-premise deployments as well as subscription and license revenue models
- Contract accounting experience including multi-element arrangements, variable consideration, and SSP allocation under ASC 606
- Experience with a customer base of small-to-medium, independent physician practices where high contract/customer volume and varied deal terms increase reconciliation complexity
- Revenue and billing systems experience (e.g., Zuora, Oracle, Salesforce, or comparable revenue automation platforms)
- General ledger and ERP systems experience (e.g., Workday, Oracle, or comparable platforms)
- Advanced Excel and data tools (Power Query, SQL) to reconcile high-volume subscription and usage-based billing data
- Close automation platforms (BlackLine, FloQast, Trintech)
Compensation & Benefits
Compensation for this job is subject to market conditions, geographic considerations, the candidate’s unique skills and experience, state and local laws, and budget.
The benefits package includes holidays, vacation, medical, dental, and vision insurance, company paid life insurance, and retirement savings.
Location & Working Arrangements
- Standard work week or as defined by assignment requirements
- Primarily works in a standard office environment or remotely
- May require after-hours, on-call support and/or holidays
- On-call and after-hours work during peak times including end of month/quarter/year; during this time PTO is limited to meet business needs
Visa sponsorship is not offered for this position.
Applicants for North American based positions must be legally authorized to work in the United States or Canada; verification of employment eligibility will be required as a condition of hire.