Red Hat Senior Manager, Revenue Accounting in Raleigh, North Carolina
At Red Hat, we connect an innovative community of customers, partners, and contributors to deliver an open source stack of trusted, high-performing solutions. We offer cloud, Linux, middleware, storage, and virtualization technologies, together with award-winning global customer support, consulting, and implementation services. Red Hat is a rapidly growing company supporting more than 90% of Fortune 500 companies.
The Red Hat Accounting team is looking for a Senior Manager to join us in Raleigh, NC. In this role, you will manage the North America (NA) Revenue Accounting team consisting of revenue, project, and royalty accountants. You’ll serve as the technical reference on revenue recognition matters on complex software solutions sales. You’ll work closely with the NA sales force and business teams to structure transactions in accordance with the U.S. GAAP accounting guidance and ensure that revenue is recorded accurately in the accounting systems. Your success as a Senior Manager will be measured by the accuracy of the financial results and the development of scalable accounting processes to ensure a timely and accurate monthly revenue close.
Primary job responsibilities
Oversee the NA Revenue close process, including deferred revenue and unbilled accounts
Coach, develop, and supervise the work of NA Revenue, Project Accounting, and Royalty teams
Ensure the accuracy of the revenue subledger using RevStream
Maintain a two-day close schedule
Ensure that all reconciliations and other controls are performed and reviewed in a timely fashion
Provide monthly revenue-related balance sheet and profit and loss (P&L) fluctuation analysis to the accounting leadership team
Communicate impact of terms that are unusual or don’t align with corporate objectives and offer business partners alternative structures
Partner with business to improve existing processes related to deal structuring and deal review
Collaborate with business controls and global process owners to identify opportunities to improve and streamline processes and further automate the revenue accounting subledger system
Bachelor’s degree in accounting or a related field
7+ years of accounting experience, including 3+ years of management experience
Working knowledge of the U.S. GAAP Revenue Recognition Guidance, ASC 606
Solid financial reporting, analytical, and accounting skills
Advanced knowledge of major accounting software systems critical to the order-to-cash process, customer relationship management (CRM) using Salesforce.com (SFDC), enterprise resource planning (ERP) using Oracle, and revenue subledger using RevStream
Excellent communication skills
Ability to handle multiple projects at once
Certified Public Accountant (CPA) certification or public accounting experience are a plus
Experience with reporting tools like SAP BusinessObjects (BOBJ) and Reports Wand or GL Wand is a plus
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Job ID 67196