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RTR- Revenue Accountant - Temp-Hire - United States  

Bio-Rad (company)


Posted on : 07 June 2017

Project Description

Job Description         
  • Review related Royalty contracts and translate key financial legal terms into best practices Royalty accounting calculations within our ERP. 
  • Monthly accruals entries and follow-up of all related Royalty payments in collaboration with company's business partners. 
  • Ensure key operational metrics and SLAs (Royalty payments) are achieved on an on-going basis. 
  • Prepare revenue sales cut-off entries in accordance with GAAP revenue recognition guidelines. 
  • Support RTR Revenue Manager with all corporate, internal and external audit PBC requests. 
  • Insure accurate monthy processes for all Deferred Revenue related accounting entries. 
  • Understanding of all related Deferred Revenue contracts (Warranty related accounting entries). 
  • Prepare commission expense/revenue calculations, review/comprehend key terms of associated contracts, prepare monthly accruals, follow-up of all associated commission payments and provide associated reporting to business partners. 
  • Month-end, quarter-end and year-end accounting close activities including preparation of journal entries, GL reconciliations, QVR analysis, Q schedules, etc. 
  • Prepare Revenue and Royalties analytics. 
  • Support RTR Revenue Manager in driving consistent best in class systems and processes. 
  • Identify opportunities for streamlining /driving improvements of current processes, as well as documenting current processes. 
  • Drive and/or participate in new or existing project improvements. Work collaboratively with extended team and other functional groups to drive improvement initiatives and implement changes.  

Required Skills              
  • Strong interpersonal, communication skills for interacting with other individual team contributors, business partners, and management. 
  • Strong knowledge of revenue recognition accounting guidance, internal controls, and US GAAP accounting required. 
  • Ability to multi-task in fast paced work environment. 
  • Strong analytical and problem solving background.  

Required Experience            
  • Bachelor’s Degree in Accounting or Finance required. CPA and/or MBA preferred. 
  • Current hands on experience, understanding of accounting Revenue Recognition concepts, multiple-element arrangements (ASC 605 and ASC 605 - 25 (SAB 101 and SAB 104, .ASC 605-25 (EITF 00-21).  
  • At least 3 years of revenue recognition experience transactional processing in the area of Record-to-Report.   
  • SAP experience a Plus.