Revenue Accountant-Hybrid

Location US-IL-Northbrook | US-KS-Overland Park
Job ID
2021-26875
# of Openings
1
Job Category
Accounting/Finance

 

Finance.Analysis – Abacus – Analyze It

At UL, we know why we come to work.

Thousands of us around the world wake up every day with a common purpose: to make the world a safer, more secure and sustainable place. Science is in our DNA; we are endlessly curious and passionate about seeking and speaking the truth. We take delight in knowing that our work makes a meaningful contribution to society, and we are proud that our culture is centered on integrity, collaboration, inclusion and excellence. UL stands at the forefront of technological advancement, and we are continually challenged to find new ways to foster innovation and positive change. Satisfying? Yes. Exciting? Absolutely!

What you’ll learn & achieve:

This role is hybrid based in Northbrook, IL or Overland Park, KS 

 

Reporting to the Global Accounting Director, the Revenue Accountant is accountable for monitoring the progress of projects, investigating variances, monitoring expenses, ensuring accuracy in project billings issued to customers and appropriate revenue recognition. You will also be responsible for the setup and monitoring of capital projects.

 

Job Responsibilities:

  • Basic understanding of end-to-end process flows between Oracle Order Management and/or Salesforce, integrating with Oracle Project Accounting and subsequent fulfillment systems such as OpenAir and PSA
  • Accurately determines revenue recognition methodology based on contractual arrangements with customers
  • Maintain project-related records, including contracts and change orders
  • Create deliverable actions for Billing and Revenue
  • Schedule, generate and release revenue for projects
  • Review, monitor & adjust labor and expenditures to ensure accuracy of subsequent customer invoicing
  • Review, monitor & adjust projects to ensure synchronization of revenue & invoicing upon project completion
  • Perform revenue adjustments / modifications as required
  • Create and release billing events to be imported to AR
  • Act as a Liaison between Operational staff and AR department to initiate credit memos, billing & billing adjustments based on contract
  • Investigate & resolve GL, PA and AR exceptions
  • Assist GL Accounting with monthly reconciliations of accounts as directed
  • Monitor and support unbilled & unearned accounting balances
  • Act as a Liaison between business division leadership as well as Business Unit (BU) and business Division Finance team
  • Provide BU with monthly revenue and forecast report
  • Review Backlog to assist in determining gaps and pro-actively identify revenue opportunities (milestones, missing renewals, etc.
  • Capital project creation, control, reporting and assist Accounting with the capitalization
  • Assist with data gathering for internal and external auditors, as required
  • Support/IT Service Ticket analysis and resolution under the direction of the Project Accounting Domain Owner, Global Project Admins
  • Recommend and implement process improvements for billing and revenue

 

#LI-Hybrd

What makes you a great fit:

  • University degree in Accounting & Finance or Business Administration or an equivalent educational background
  • Minimum of 3 years of hands on experience with accounting to include revenue
  • Strong analytical skills and business acumen
  • Strong collaboration skills
  • UL has COVID-19 protocols and policies in place to ensure the safety of our employees, customers and clients. Effective November 1, 2021, the company mandates that employees are vaccinated against COVID-19 as a condition of employment (except where prohibited by law), subject to reasonable accommodation as required by law.

 

What you’ll experience working at UL:

  • Mission: For UL, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 125 years and is deeply engrained in everything we do.
  • People: Ask any UL employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at UL. We’re able to deliver the best because we employ the best.
  • Interesting work: Every day is different for us here as we eagerly anticipate the next innovation that our customers’ create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
  • Grow & achieve: We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
  • Total Rewards: All employees at UL are eligible for bonus compensation. UL offers a generous 401k matching structure of up to 5% of eligible pay. Additionally, we invest an additional 4% into your retirement saving fund after your first year of continuous employment. We provide Healthcare Reimbursement Accounts and Health Savings Accounts that UL contributes to twice per year! Depending on your role, you can work with your manager on flexible working arrangements. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.

 

Learn More:

Working at UL is an exciting journey that twists and turns daily. We thrive in the twists and revel in the turns. This is our every day. This is our normal.

 

Curious? To learn more about us and the work we do, visit UL.com

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If you wish to request reasonable accommodation at any time, please email our Talent Acquisition team at Talent.Acquisition@ul.com.

UL is an Equal Opportunity Employer: Female/Minority/disability/Protected Veteran/Sexual Orientation/Gender Identity

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status. If you'd like more information about your EEO rights as an applicant under the law, please review the EEO is the Law and EEO is the Law Supplement.

Please review the following additional documents:

UL EEO Policy

Pay Transparency Statement

E-Verify Poster (English)

Right to Work Poster (English)