Revenue Accounting Manager (Individual Contributor)

Follett Software

Chicago (IL)

Remote

USD 110,000 - 150,000

Full time

3 days ago

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Benefits offered by this job

Fully remote work

Healthcare plans

Disability and life insurance

Paid time off

Retirement match

FSA

Job summary

Follett Software, LLC is seeking a detail-oriented Revenue Recognition & Compliance professional to ensure ASC 606 compliance and robust revenue processes. You will partner with cross-functional teams to optimize revenue systems, review contracts, and support close processes.

The role emphasizes technical accounting expertise, risk assessment, and GAAP alignment, with a fully remote setup spanning the continental U.S. and strong emphasis on process improvement and internal controls.

Qualifications

Bachelor’s degree in Accounting or related field required.
5+ years’ experience.
Must possess technical accounting expertise.
Ability to provide senior management with risk assessments for actions they are considering or taken.
Possess advanced computer skills and ASC 606 revenue recognition standards and experience leading ASC 606 implementation projects.
Possess strong attention to details and strong analytical skills.
Ability to resolve complex problems with independent action.

Responsibilities

Lead revenue recognition activities in accordance with ASC 606 and GAAP guidance.
Establish and maintain SSP pricing frameworks.
Record and review quarterly revenue adjustments and open item calculations.
Draft technical accounting white papers and develop revenue policies.
Review credit impacts and assess need for credit reserves per standards.
Conduct detailed RFP/contract reviews for proper revenue treatment.
Perform monthly consolidation revenue reconciliations from Oracle to G/L.
Support quarterly/annual close processes related to revenue.

Skills

ASC 606

Technical accounting

Analytical skills

Risk assessment

Attention to detail

Problem solving

Education

Bachelor’s degree in Accounting

Job description

Company Overview

Everything we do is for educators. We’re partnering with them to advance a bold vision for education that boosts district performance and student success. At Follett Software, we empower educators across roles with technology that streamlines processes and manages information and resources to improve their schools, increase student success, and drive the future of education. We believe that by empowering educators to amplify their impact on students’ lives, we can change the world. Our goal and mission is to drive the future of education. We are inspired by educators to deliver transformative technology. Our innovative, connected solutions simplify challenges and offer a seamless and intuitive experience.

Company Overview

Position Overview

This position plays a crucial role in ensuring accurate revenue recognition, maintaining compliance with accounting standards, and optimizing revenue‑generating activities. This position offers an exciting opportunity for a detail-oriented individual with strong analytical skills and a deep understanding of accounting principles to collaborate with cross-functional teams to assess the impact of ASC 606 on revenue recognition processes and systems.

Responsibilities

Revenue Recognition & Compliance

Lead revenue recognition activities in compliance with ASC 606 and applicable GAAP guidance.
Establish and maintain annual Standalone Selling Price (SSP) pricing frameworks.
Record and review quarterly revenue adjustments, including open item calculations.
Draft technical accounting white papers and develop new revenue policies as needed.
Review credit impacts and assess the need for credit reserves in accordance with accounting standards.

RFP & Contract Review

Conduct detailed RFP and contract reviews to ensure revenue treatment is accurate, complete, and compliant.
Perform monthly reconciliation and reporting of consolidated revenue from Oracle to the General Ledger.
Ensure completeness and accuracy of revenue reporting through analytical reviews and variance analysis.
Support quarterly and annual close processes related to revenue.
Evaluate contract terms to determine appropriate revenue recognition treatment.

Financial Reporting & Reconciliation

Perform monthly reconciliation and reporting of consolidated revenue from Oracle to the General Ledger.
Ensure completeness and accuracy of revenue reporting through analytical reviews and variance analysis.
Support quarterly and annual close processes related to revenue

Audit & Internal Controls

Assist with annual external audits, providing documentation and supporting analysis.
Establish and enhance internal audit processes related to revenue compliance.
Maintain up-to-date, end-to-end revenue process documentation, including controls and workflows.

Process Improvement & Integration

Integrate newly acquired entities into established revenue processes, User Acceptance Testing (UAT) for new SKUs/products, ensuring production environments align with tested configurations.
Identify opportunities for automation, efficiency, and strengthened compliance within revenue operations.
Other duties as assigned

Qualifications

Bachelor’s degree in Accounting or related field required
5+years’ experience
Must possess technical accounting expertise
Ability to provide senior management with risk assessments for actions they are considering or taken
Possess advanced computer skills and expertise in ASC 606 revenue recognition standards and experience leading ASC 606 implementation projects
Possess strong attention to details and strong analytical skills
Ability to resolve complex problems with independent action

At Follett Software, our people come first.

Benefits

We’re deeply committed to supporting the well‑being, growth, and success of every Team Member. That commitment shows up in a thoughtfully designed, comprehensive benefits package that helps you thrive—at work and in life. Here’s what you can expect:

Fully remote work, giving you the flexibility to do your best work from anywhere in the continental U.S. (unless otherwise noted)
Subsidized healthcare plans, including orthodontic coverage, with HSA option that includes employer matching
Company-paid disability and life insurance, with the option to enhance coverage through voluntary plans
Robust Paid Time Off, including Flex PTO for salaried roles, paid parental leave, company holidays, and paid volunteer service time
Retirement savings with employer match, vesting every pay period
Flexible Spending Accounts for healthcare and dependent care
Optional supplemental coverages, such as accident, hospital, and critical illness insurance, identity theft and credit monitoring, and legal protection services
Meaningful recognition and tangible rewards that celebrate achievements, fuel motivation, and recognize both individual and team success

EEO

Follett Software provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability. We are committed to providing reasonable accommodations to, among others, individuals with disabilities and disabled veterans. If you are interested in applying for employment and need assistance or an accommodation in the application process due to a disability, please contact us by email and let us know the nature of your request and your contact information.

Email: recruiting@follettsoftware.com

CCPA Notice for California Residents: https://follettsoftware.com/wp-content/uploads/2024/10/Notice-to-California-Applicants.pdf

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