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Revenue Accountant

Revenue Accountant

Job Title: Revenue Accountant
Contract Type: Temporary
Location: London, England
Industry:
Salary: £180 - £195 per day
REF: AF150319_1552668347
Contact Name: Alex Feeney
Job Published: 11 days ago

Job Description

The Consultancy Group are currently recruiting for a Revenue Accountant for an International Media Organisation based in Central London.

Duties will include, but not limited to:

Responsibilities:

Revenue

  • Comparison of monthly revenue vs. reforecast and budget. Investigation of variances and providing commentary for any large movements.
  • Maintain and enhance a rigorous process for recording income and ensure the Peoplesoft nominal and analysis coding are accurate at all times
  • Using Medea / Pursub to prepare invoices, credit notes and statements on a timely basis.
  • Monthly reclass Journals of other revenue Invoices
  • Checking billing and accruals against the contracts masterdoc / commercial team
  • Assembling monthly billing journal and posting - checking that all market codes / nominal codes are correct
  • Ensure up-to-date knowledge of contract/client agreements/rates etc.
  • Monthly review of all accrued and deferred revenue with the FD to discuss any issues / old accruals, ensuring than escalated in the appropriate time frames.
  • Review and posting of the bad debts accruals in line with the internal policies identifying any risk with the FD
  • Calculating monthly WHT and posting provision
  • Delivery of month reports - DSO, Subscriptions, Revenue by Operator
  • Assist with ad hoc requests such as account analysis

Debtors

  • Reconciliation of external debtors system to accounting system
  • Ensuring that debtors are contacted regularly regarding outstanding balances
  • Working with the commercial team with any queries that need to be escalated in line with internal procedures

Management/Financial Reporting:

Monthly

  • Active involvement in monthly reporting including full commentary and variance analysis as required by stakeholder
  • Responsibility of the Fixed asset ledger, included review of live assets & postings of deprecation
  • Production on the month cash flow & P&L analysis with narrative in relation revenue movements
  • Confirming of intercompany balances and investigating of any mismatches / chasing any outstanding payment
  • Month end balance sheet reconciliations

Quarterly reporting

  • Reporting requirement in HFM:
    • Revenue by Geography
    • Past revenue obligations
    • Deferred revenue
    • Intercompany
  • Provide ad hoc analysis and reports

Other responsibilities:

  • Support wider needs of Group reporting and regulatory reporting to provide input on balance sheet review
  • Prepare year-end accounting records for revenue-related balance sheet and profit and loss accounts and co-ordinate responses to audit queries
  • Organising the annual tax certificates for all countries

Systems:

  • Assist with the system migration from Persub to Medea, including parallel run.
  • Review / develop new processes when needed

The successful candidate will have:

  • Good excel skills and comfortable around spread sheet creation and manipulation (Pivots, Vlookup, Sumif, etc)
  • Organised, efficient and adaptable; able to proactively plan workload, manage priorities and respond immediately to changing or ad hoc requirements
  • Continually seeks improved and more efficient methods of working
  • Pro-active self-starter and team player
  • Part qualified CIMA/ACCA
  • Good communication skills with a genuine interest in the wider business
  • Thorough understanding of the principles and operation of financial controls and reconciliations
  • Inquisitive mind - what are we doing and why are we doing it?
  • Basis understanding of the principles of VAT & WHT
  • Confident, self-starter, with ability to take the initiative