Revenue Accountant

MediaAlpha
Los Angeles, CA Full Time
POSTED ON 12/17/2021 CLOSED ON 3/2/2022

What are the responsibilities and job description for the Revenue Accountant position at MediaAlpha?

Role Overview

We are seeking a Revenue Accountant to join our Accounting Team. This role will report to the Accounting Manager and will be responsible for full cycle Revenue and Billing-to-Cash functions in a public SOX 404B environment. The Revenue Accountant will be responsible for the day-to-day functions of revenue operations and will be a key contributor in the timeliness and accuracy of the revenue close process in accordance with ASC 606 and corporate policy. This individual will also be a liaison for the Demand Team, Sales, Legal, Technical Accounting, Tax and IT in reviewing contracts for the appropriate revenue recognition considerations and for financial reporting. The ideal candidate values collaboration and the importance of supporting the team, is an effective communicator, self-starter, has the desire to learn and drive to succeed.

Duties and Responsibilities:

  • Financial Statement Close
    • Perform monthly and quarterly procedures related to revenue cycle to ensure proper revenue recognition. Prepare journal entries, revenue disaggregation, account reconciliations and other ad-hoc analysis as requested.
    • Ensure accuracy and timeliness in accounting for revenue, deferred revenue, revenue accruals, unbilled receivables and related cost of sales.
    • Responsible for financial reporting on all aspects of Prepay customers (Agents and regular), analysis of client balances and reconciliation of credit card payments to merchant account processor reports.
    • Help maintain the revenue recognition policy for changes in the business or for new policies, verticals, product lines and projects.
  • Revenue Operations
    • Prepare invoices, non-Exchange billing, revenue adjustments, revenue imports and subsequent collections. Resolve payment discrepancies.
    • Review customer contracts and insertion orders to determine appropriate revenue recognition treatment under ASC 606.
    • Assist with customer onboarding. Maintain accurate customer information in both the billing system and the Exchange platform.
    • Assess credit viability of new and existing customers. Monitor credit risk/exposure.
    • Partner with Product and Technology for significant process improvements, including automation, system implementations and other special projects.
    • Coordinate with Tax in the calculation of state apportionment and filing of state tax returns.
  • SOX Compliance
    • Support Accounting Manager on information requests made by internal and external audit on Sarbanes-Oxley internal controls and revenue compliance.
    • Ensure integrity of key processes by understanding systems and flow of transactions.
    • Enhance and implement scalable best practices in the revenue process.

Education and Experience:

  • Bachelor’s degree in Accounting, Finance or Business
  • 3 years of combined public or corporate accounting experience including relevant experience in a revenue-focused role within the monthly close process and financial reporting
  • Technical knowledge and application of ASC 606 revenue recognition standard, US GAAP, SEC regulations, and internal controls
  • CPA or working towards completing a CPA a plus
  • Strong analytical and problem-solving skills with demonstrated understanding of accounting cycles
  • Self-motivated and able to think independently and creatively to handle a diverse workload and multiple deadlines
  • Proficiency with Sage Intacct or other accounting applications
  • Experience with Big 4 accounting firms preferred but not required

Competencies:

  • Soft Skills: Interpersonal skills and ability to interact and work with all levels of employees, work independently and in a team environment. Willingness to take initiative and to follow through on projects.
  • Ethics: Treats people with respect. Keeps commitments. Inspires the trust of others. Works with integrity and ethics. Upholds organizational values.
  • Quality: Demonstrates accuracy and thoroughness. Displays commitment to excellence. Looks for ways to improve and promote quality; applies feedback to improve performance.
  • Technical Skills: Excellent written and verbal communication skills.
  • Technical Skills: Proficient in Microsoft Excel skills with an ability to extract and navigate large data sets

Compensation

  • Highly competitive salary, bonus, and equity program participation.
    High-quality health and dental care plans with no employee contributions and zero deductibles (in-network). Flexible spending account.
  • Unlimited PTO.
  • Generous parental leave.
  • 401(k) company contribution program (after 30 days).
  • Professional training and education reimbursements.
  • Matching gifts program.
  • Generous employee perks (e.g., cell phone reimbursement, wellness reimbursement).
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