Revenue Accounting Manager
Healthplanone

Job Info

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HealthPlanOne's mission is to help people find the right health insurance at the right price, so they live healthier lives. We are committed to making the shopping process simpler. Our mission has never been more important than it is today.

The Revenue Accounting Manager will be responsible for overseeing and managing the company's revenue recognition processes, including the preparation and maintenance of the deferred revenue schedule, reviewing revenue accruals, and ensuring accurate invoicing processed by the Operations team for all business units. This role will also work closely with cross-functional teams such as Sales, Operations and FP&A to ensure the accuracy of revenue data. The ideal candidate will have experience in revenue recognition, managing deferred revenue schedules, reviewing accruals and invoices, and ensuring robust communication across departments to facilitate data accuracy and operational efficiency.

Key Responsibilities:

Revenue Recognition:

• Ensure accurate and timely revenue recognition in accordance with ASC 606 and company policies for all business units.
• Oversee the monthly, quarterly, and annual revenue close processes, ensuring all revenue is recognized in the correct period.
• Review contracts and agreements to ensure proper accounting treatment for complex revenue arrangements.

Review of Long-Term Value (LTV) Assessments:

• Conduct detailed reviews and analyses of Long-Term Value (LTV) for brokerage transactions to ensure alignment with company guidelines and strategic goals.
• Monitor and assess the impact of LTV on profitability and long-term business growth, making recommendations for adjustments as necessary.
• Ensure accurate documentation and reporting of LTV assessments for audits and internal reviews.

Deferred Revenue Management:

• Manage and maintain the deferred revenue schedule, ensuring proper classification of deferred revenue and timely recognition in the general ledger.
• Perform regular reviews of deferred revenue balances to ensure accuracy and compliance with accounting standards.
• Collaborate with the billing and sales teams to ensure accurate and timely recording of deferred revenue.

Revenue Accruals & Invoicing:

• Review and verify revenue accruals and invoices processed by the Operations team to ensure compliance with company policies and revenue recognition standards.
• Work closely with the Operations team to resolve any discrepancies between accrued revenue, invoices, and actual revenue recognized.
• Ensure the timely and accurate processing of invoices, including monitoring for completeness and accuracy in billing.

Cross-Departmental Communication & Collaboration:

• Support the reporting team to analyze revenue trends and provide insights to senior leadership to support business decision-making.
• Work closely with Sales, FP&A, Operations/Billing teams to ensure the accuracy of contract terms, revenue data, and billing schedules.
• Maintain regular communication with departments to identify any changes in business processes, sales arrangements, or operational activities that may affect revenue recognition or deferred revenue.
• Coordinate with the Sales team to ensure proper recognition of revenue based on the terms of customer contracts, including renewals, amendments, and new deals.
• Act as a liaison between departments to resolve discrepancies and clarify revenue recognition matters.

Process Improvement:

• Identify opportunities to streamline revenue accounting processes and improve efficiency.
• Lead initiatives to enhance automation, accuracy, and compliance in the revenue accounting function.

Team Leadership & Development:

• Manage, mentor, and develop a team of revenue accountants, providing guidance and support to ensure high performance and professional growth.
• Oversee the day-to-day activities of the team, ensuring deadlines are met and workflows are optimized.

Audit & Compliance:

• Coordinate with external auditors to ensure proper documentation and compliance with accounting standards.
• Assist with quarterly and year-end audits and tax filings, providing necessary schedules and reports.
• Lead internal audits related to brokerage revenue and LTV policies to ensure compliance with regulatory standards.
• Address any discrepancies or areas of concern related to LTV reviews and revenue recognition, recommending corrective actions when necessary.

Ad-hoc Projects:

• Lead or participate in special projects and provide analysis for business or financial strategy initiatives.
• Stay current with changes in accounting regulations and industry best practices.

Qualifications

Education:

• Bachelor's degree in Accounting, Finance, or a related field required.

Experience:

• Minimum 6 years of experience in revenue accounting or related field, with at least 2 years in a management role, preferably in the brokerage or financial services industry.
• Experience with ASC 606 revenue recognition standards and managing deferred revenue schedules is required.
• Experience reviewing revenue accruals and invoices processed by operations teams.

Skills & Abilities:

• Strong knowledge of GAAP, particularly revenue recognition principles under ASC 606, managing deferred revenue, and reviewing revenue accruals.
• Strong understanding of Long-Term Value (LTV) assessments, brokerage operations, and financial policies.
• Proficiency in Workday accounting software and Microsoft Excel.
• Excellent organizational, analytical, and problem-solving skills.
• Strong attention to detail and ability to prioritize and manage multiple tasks effectively.
• Excellent communication skills, with the ability to collaborate across departments and present complex financial information to non-financial stakeholders.
• Ability to work independently and as part of a team in a fast-paced environment.

Our centers are consistent with CDC guidelines and align with local government orders pertaining to all Company physical locations in relation to COVID-19.

Equal Employment Opportunity (EEO) is a fundamental principle at HealthPlanOne, where employment is based upon personal capabilities and qualifications. HealthPlanOne does not discriminate because of actual or perceived sex, sexual orientation or preference, gender identity, gender, transgender, race, color, religion, national origin, creed, citizenship status, ancestry, age, marital status, pregnancy, childbirth or related medical conditions, medical conditions including genetic characteristics, mental or physical disability, military and veteran status, or any other protected characteristic as established by law. HealthPlanOne requires the necessary drug testing and background checks as part of our pre-employment practices. If you need assistance or an accommodation due to a disability, please contact us to request accommodation at accommodations@hpone.com

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