Operational Finance Specialist

Job Overview

We are seeking a detail-oriented professional to join our team in a key operational role. This position will encompass finance, human resources, legal, and information technology responsibilities.

• Financial Operations
  • Core Billing Management: Take ownership of complex billing processes, including multi-tiered pricing structures, contract billing, and subscription management across multiple client segments.
  • Revenue Recognition Leadership: Ensure accurate revenue recognition in accordance with ASC 606 and other applicable accounting standards.
  • Contract Analysis: Review and analyze customer contracts to ensure proper billing setup and revenue recognition treatment.
• Financial Reporting and Analysis
  • Management Reporting: Drive comprehensive monthly and quarterly financial reports for executive leadership and board presentations.
  • Performance Analytics: Develop and maintain key performance indicators (KPIs) for billing operations (Collection Rate and Cash Conversion Cycle), expense margins, and revenue trends.
  • Variance Analysis: Conduct detailed analysis of budget-to-actual variances for revenue streams and provide actionable insights to management.
  • Planning and Forecasting: Lead revenue forecasting activities and provide critical input for annual budgeting processes.
• Accounts Management
  • Accounts Receivable: Manage AR processes, aging reports, and collection strategies to optimize cash flow.
  • Accounts Payable: Oversee AP operations, vendor payments, and expense management systems.
  • Collections Strategy: Continuously improve collections strategies and policies, working closely with teams to optimize cash flow.
• Audit and Compliance
  • Internal Audits: Design and implement billing-related internal controls to ensure accuracy, compliance, and fraud prevention.
  • External Audits: Serve as primary point of contact for billing-related audit activities, both internal and external.
  • Financial Controls: Ensure all financial practices comply with company policies, accounting standards, SOX requirements, and regulatory guidelines.
  HR Support
  • Talent Acquisition and Development
    • Hiring Leadership: Own recruitment efforts for open positions, including job posting development, candidate screening, and interview coordination.
    • Onboarding Program: Design and oversee onboarding programs for new team members.
    • Performance Management: Support HR initiatives related to employee performance tracking and development.
    Legal Compliance and Coordination
    • Compliance Management
      • Regulatory Compliance: Monitor changes in accounting standards and regulations affecting revenue recognition and billing practices.
      • Contract Compliance: Ensure all billing practices comply with contractual obligations and regulatory guidelines.
      • Policy Coordination: Coordinate with legal counsel and management to develop and maintain company policies and procedures.
    • Legal Coordination
      • Contract Review: Support contract review processes and coordinate with legal teams on client agreements.
      • Risk Management: Identify and mitigate legal and financial risks in billing and operational processes.
      • Documentation Management: Maintain proper documentation for legal and compliance purposes.
      Information Technology
      • Systems Management
        • Billing Systems Oversight: Lead the optimization and maintenance of billing systems, coordinating with IT on system upgrades and implementations.
        • Technology Integration: Evaluate and recommend billing software, automation tools, and integration opportunities.
        • System Implementation: Lead or support major system implementations, upgrades, or integrations affecting billing operations.
        Required Skills and Qualifications
        • Strong knowledge of accounting principles and practices, particularly related to accounts receivable and accounts payable.
        • Experience with financial reporting, tracking, planning, and analysis.
        • Understanding of audit processes and compliance requirements.
        • Excellent analytical and problem-solving skills with keen attention to detail and accuracy.
        • Proficiency in Microsoft Excel and other analytical tools.
        • Embodies core values through ownership of complex problems, drive to exceed expectations, adaptability in fast-changing environments, and commitment to continuous improvement of processes and skills.
        Benefits

This is a dynamic and innovative organization that offers a remote work environment with team members across multiple time zones and significant growth opportunities in a fast-growing industry where your contributions directly impact our ability to deliver exceptional results and expand our market presence.

You'll be joining a tight-knit group where no two days are the same and every detail matters. We master the art of professional juggling, seamlessly managing multiple responsibilities while maintaining our high standards.