JOB SUMMARY :

The Accountant performs a wide variety of accounting tasks to support the Controller with the accurate and timely reporting of revenue recognition and monthly financials in a professional services environment. This is an experienced accounting position that works closely with the Controller and other accounting roles to maintain business transactions of the organization by applying the Generally Accepted Accounting Principles (GAAP). This position includes analytical work and thorough review of financial records and requires dedication to the overall company growth strategies to move the company fiscally forward with compliance and integrity. Responsibilities

ESSENTIAL FUNCTIONS :

Revenue Recognition and Project Accounting :

• Efficiently completes revenue recognition during month end for fixed fee projects
• Acts as primary conduit and accounting point of contact for project managers to provide project accounting status and metrics
• Review the Statement of Work for proper project setup
• Set up projects in NetSuite, ensuring accurate and comprehensive financial tracking.
• Analyze project financial variances and provide details to management as requested
• Ensure project financials are maintained in compliance with ASC 606 standards
• Audits and reconciles contract assets (AR Unbilled) and contract liabilities (Deferred Revenue) on a project basis
• Follow-up with staff on incomplete time / expense reviews
• Participate and assist in time / expense review and corrections to ensure compliance with company policies.
• Maintains service items and revenue arrangements as necessary
• Participate in intercompany revenue and receivables
• ASC606 Project Revenue Recognition support

General Accounting

Cash Receipts and Bank Deposits :

Financial Audits :

Confidentiality & Ad Hoc Duties :

Qualifications

QUALIFICATIONS :

WORKING ENVIRONMENT : The majority of work for this role is performed in a home office and / or professional office and interacts with a wide variety of people with differing functions, personalities, and abilities. Telecommuters are expected to have sufficient home office space that appears neat, organized, and professional when on video meetings.

REASONABLE ACCOMMODATION : It is Arctic Information Technology, Inc.’s business philosophy and practice to provide reasonable accommodations, according to applicable state and federal laws, to all qualified individuals with physical or mental disabilities.