Finance Manager

Description:

About Us:

RafterOne is an esteemed Salesforce Summit Partner, building our clients businesses with multi-cloud commerce solutions. As Rafters, we are tightly bonded to RafterOne culture as we design and deliver world-class solutions to our clients.

"We are Respectful.”

"We are Adaptable.”

"We are Focused.”

"We are Thoughtful.”

"We are Engaged.”

“We are Relationship Driven”

WE ARE ONE PROBLEM-SOLVING TEAM

Job Summary:

RafterOne is looking to hire an experienced Finance Manager for the India office.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

• Billing: coordinate with project managers to ensure that time entry is complete and accurate, review invoicing requests from project managers to ensure accuracy and draft billing templates to send to Omaha as part of the invoicing process and review invoice drafts before sending to clients.
• Monthly Revenue Calculations & Journal Entries: Pull time reports to calculate life-to-date and month-to-date burn and revenue on active projects, including coming up with assumptions to calculate for missing time. Appropriately record and recognize revenue based on the appropriate revenue recognition methodology for each scope of work. Drafting journal entries as necessary for revenue.
• Drafting the “Estimate to Complete” template for material projects that require this check and obtaining signoffs from the respective project managers on assumptions for estimated time to completion and missing time.
• Monthly Forecast Updates: update the backlog report for new opportunities (projects) that were recently won and forecast potential revenue for the upcoming months.
• Support inquiries during monthly mid-month and end-of-month flash.
• Job Maintenance: Open new Vantage Jobs for any new projects created on PSA and making sure that both systems mirror each other in terms of projects. Update jobs for changes to budgets or timelines.
• Maintain SOWs and Contracts and Budgets: create new contracts and SOWs in the Vantage Revenue Recognition Tool, assign an appropriate revenue recognition methodology for the project based on reviewing the SOW, input pertinent contract details such as start and end dates, and contract value. Update the timeline and budget data in the system for any changes to the signed scope of work.
• Review and Maintain changes to budgets on PSA for any change orders signed by the client, making sure these are mirrored within Vantage and the Revenue Recognition tool.
• Create and Maintain Client Service Agreements (CSAs) on the IPG Financial Reporting portal. This includes documenting details about client contracts, the appropriate revenue recognition methodology, and any potential issues that may arise during the month in relation to the SOW being documented.
• Review Earned But Unbilled (EBU) and Deferred Revenue on a monthly basis to ensure that projects are billed on a timely basis and deferred revenue is recognized when appropriate.
• Work with Omaha on ensuring that collections are done on time and reaching out to the client when necessary, in order to follow up on outstanding balances.
• Job Closing: closing jobs on Vantage and updating their respective SOWs to reflect job closure. Reconciling jobs to ensure that billing equals revenue recognized, and coordinating with project managers to ensure that billing is complete upon completion of the project.
• Work with IPG Controllers team with regards to Sarbanes Oxley process compliance (implementation and monitoring), as well as support various audit compliance efforts (internal and external).
• Partner with client-facing customer success managers and project managers to maintain expert and fluid knowledge of client’s business models, contractual arrangements, key strengths, and opportunities.
• Proactively document and follow up on any budgeting, billing, invoicing, or payment issues that pertain to clients.
• Other day-to-day tasks as delegated
• Help with statutory financial and tax reporting and help address external auditors’ inquiries.
• Serve as backup for assistance Finance Manager/controller in their absence.
• Travel to project locations as needed

Requirements:

EDUCATION, TRAINING AND EXPERIENCE:

• At least 5 years of experience in a professional Financial Analyst, Client Finance, or Revenue Recognition-focused position
• Bachelor's Degree in Finance, Accounting or related degree with on-the-job accounting experience
• Hands on operational experience with strong background in revenue recognition, i.e. % of completion
• Experience managing/analyzing billing and revenues
• Audit background
• Innately curious with an inquisitive attitude

SKILLS, KNOWLEDGE, AND ABILITIES:

• Highly skilled in MS Excel to track revenue forecasting
• Extreme attention to detail with ability to interpret SOWs and other financial contracts
• Process driven, ideally with experience standardizing across multiple companies or divisions
• Ability to Support Eastern Standard Time Zone Hours
• Eligible to work in the applicable region where the job is advertised without the need for current or future sponsorship.

RafterOne is an Equal Employment Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status. All applicants must be authorized to work in the United States or Canada.