Revenue Accountant I

Summary

The Revenue Accountant will have strong knowledge in ASC 606 revenue recognition, GAAP financials, and multi-element arrangement (MEA) allocations. This role requires hands-on experience with contract accounting, journal entries, and revenue management systems, with a focus on accuracy, compliance, and efficiency.

Primary Duties and Responsibilities

• Assist in preparation of the monthly financial package, including key metrics, financial results, and variance reporting.
• Apply ASC 606 standards to revenue recognition across diverse contracts and arrangements.
• Ensure compliance with GAAP financial reporting requirements.
• Perform MEA allocations and account for complex revenue streams.
• Manage contract accounting, including accounting upon delivery and milestone-based recognition.
• Prepare and post journal entries related to revenue, deferred revenue, and unbilled revenue.
• Reconcile and maintain the balance sheet accounts related to revenue and contracts.
• Work extensively with Sage Intacct, including the contracts module, to manage revenue processes.
• Track and report on long-term and short-term deferred revenue balances.
• Collaborate with cross-functional teams (Sales, Legal, Operations) to ensure contract terms are properly reflected in accounting.
• Support month-end and quarter-end close processes, including revenue reconciliations and reporting.
• Assist with audits and provide documentation to support revenue recognition policies and practices.

Required Education and Experience

• Bachelor's degree in Accounting, Finance, or related field, or relevant work experience.
• 1-3 years of experience in revenue accounting or related role.
• Strong knowledge of ASC 606 and GAAP financials.
• Experience with MEA allocations and complex contract structures.
• Solid understanding of deferred revenue (short-term and long-term) and unbilled revenue.

Preferred Education and Experience

• Integration and configuration experience is a plus.
• CPA or progress toward CPA certification preferred but not required.
• Proficiency in Sage Intacct (contracts module experience strongly preferred).

Knowledge, Skills, and Abilities

• Strong analytical skills with attention to detail and accuracy.
• Excellent communication and collaboration skills.
• Ability to effectively communicate internally and externally with customers.
• Strong planning and prioritization skills.
• Demonstrate the ability to remain flexible and adjust to changing priorities as needed.
• Detail-oriented with excellent analytical skills for data mining (with high volume transactions).
• Able to exercise independent judgment and problem-solve.

Travel

• No travel is required for this position.

Benefits at OneStream
OneStream employees are passionate, hardworking individuals who go above and beyond to keep our customers happy and follow through on our mission statement. They consistently deliver the best and in turn, we make every effort to keep them cared for and happy. A sample of the benefits we provide are:

• Excellent Medical Plan
• Dental & Vision Insurance
• Life Insurance
• Short & Long Term Disability
• Vacation Time
• Paid Holidays
• Professional Development
• Retirement Plan

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