0581: Staff Accountant BroadSoft

Job Summary:
The Staff Accountant will be responsible for the companys financial and accounting functions including: accounts receivable/invoices and revenue recognition. Revenue recognition in the software industry is extremely complex and involves significant judgment. Month and quarter end close responsibilities to include general ledger reconciliation and reporting. Other tasks include calculating monthly commission payments and cash receipts/deposits.
Duties and Responsibilities:
Responsibilities include the following:

- Identify potential revenue recognition issues and adequately document positions on revenue recognition through Revenue Recognition Checklist. Revenue recognition in the software industry is extremely complex and involves significant judgment. The Revenue Recognition Checklist provides guidance to determine the appropriate revenue recognition on an order, but each question is complex and involves judgment. Although the revenue group has multiple levels of review (do to the complex nature of the transactions), the staff accountant is the initial decision point on the revenue recognition conclusion for an order.
- Assess credit worthiness of customers through review of financial statements, D&B reports, and/or customer payment history. Payment from customers must be reasonably assured in order to recognize revenue at the time of delivery. Determining whether payment is reasonably assured involves significant judgment and can often be gray. The staff account must evaluate complex financial statements, D&B reports, etc to determine whether a customer can be considered credit worthy.
- Interact directly with customers on past due balances to ensure timely payment on outstanding balances. Recommend appropriate action to take with delinquent customers (i.e., Jeopardy, Administrative Hold, etc.). The staff accountant would have discretion in determining the appropriate action plan with the customer. In cased where a customer is unresponsive, the staff accountant may recommend Jeopardy which is a period where the customer is warned that their support will be terminated if the past due balance is not resolved. Collections involves dealing with individuals that can be difficult.
- Determine appropriate month-end journal entries.
- Prepare monthly and quarterly schedules related to general ledger reconciliation.
- Maintain accounting files (customers, etc) for internal control purposes.
- Ensure adherence to SOX policies and procedures and proactively suggest additional controls and/or procedures to increase efficiency and effectiveness.
- Determine monthly commission calculations and related journal entries
- Determine appropriate entries for cash receipts and deposits
- Ensure customer invoices are delivered on a timely basis
- Any other tasks as assigned

WORK COMPLEXITY:

- The position will encounter problems at varying levels of complexity depending on the customer and the order.
- The Staff Accountant will work independently but the revenue process incorporates several levels of review; all work will be reviewed.
Skill, Educational Requirements, and Needed Attributes
MINIMUM REQUIREMENTS:

EDUCATION:

- B.S. degree, preferred in accounting or finance

SKILLS & KNOWLEDGE:

- Knowledge of accounting is required
- Knowledge of revenue recognition in the software industry is preferred
- Knowledge of Microsoft Navision is preferred
- Excellent oral and written communication skills
- Excellent computer skills including Microsoft Office and Internet skills
- Knowledge of accounting is required
- Knowledge of revenue recognition in the software industry is preferred

EXPERIENCE:

- Two years accounting experience and/or B.S. in Accounting or Finance

ATTRIBUTES:

- Must be detail oriented and organized.

Location:	Gaithersburg, MD United States