Thursday, April 2, 2009

JOB VACANCY Senior Accounting Analyst


LRN is dedicated to inspiring principled performance in business.

LRN provides education and communication offerings; assessments, analytics and resources; and advisory services that help companies create cultures of sustainability, where corporate values guide how their people behave, relate and innovate in the workplace, communities and environment.

LRN delivers critical knowledge and frameworks for corporate governance, leadership and corporate culture that help companies ensure compliance, inspire ethical leadership and develop social and environmental responsibility.

LRN is the trusted partner to leading businesses worldwide, including Disney, Dow Chemical, eBay, Johnson & Johnson, Raytheon, and 3M. Founded in 1994, LRN operates in more than 120 countries, with headquarters in Los Angeles and offices in New York, London and Mumbai.

For more information, visit

Job Objective:

Responsible for maintaining the accuracy and completeness of daily, monthly and annual accounting records and systems, pertaining to partner contracts and related information. This includes analyzing legal contracts, carving-out revenue recognition elements in accordance with GAAP, inputting contractual information into accounting systems, processing contract billings and revenue recognition, recording journal entries, reviewing and reconciling related profit & loss and balance sheet general ledger accounts.


• Analysis, record and bill all new contracts into Great Plains in a timely manner (1-2 days) as received from Legal team
• Manage process of billing all pre-existing contracts in Great Plains 45-60 days in advance [partners needing to be billed on anniversary dates]; review proposed invoices from Department coordinator
• Analyze, record and bill all employee reimbursable expenses back to our partners on a monthly basis
• Analyze, record and bill all hourly or variable-rate partners in a timely manner (1-2 days) after receipt
• Develop a strong process of billing review to ensure everything for the month has been billed appropriately
• Review AR aging and investigate balances and unusual transactions
• Reconcile AR aging on a monthly basis
• Respond timely to all partner inquiries and requested forms
• Manage and handle all other matters related to partner billings

Contract Maintenance and Revenue Recognition:
• Actively research and improve both company and personal knowledge of company's revenue-related and contractual-treatment accounting trends
• Serve as the point contact for the auditors for all contractual, revenue and billing related topics
• Fully understand LRN's pricing methodologies and how to appropriate carve out revenue streams based on GAAP
• Produce Accounting system revenue batches; review; and post
• Manage entire revenue recognition process for all revenue-types [includes, but not limited to, library subscription, customized course working, profession service-type revenues, program hourly billings, and other]
• Develop a strong process of revenue and deferred revenue review prior to submission to our FP&A team for their final review
• Exercise a strong sense of stewardship on all contract input files in Great Plains for new and historical contracts
• Provide UK revenue analysis on completed custom courses
• Serve as a reviewer of UK revenues
• Actively work with Financial Planning and Analysis team for contract-related questions to fully understand the system handling of renewals and early contract terminations
• Reconcile all revenue and deferred revenue-related accounts on a monthly basis
• Analysis and record accurate and complete revenue accruals, if and when applicable

Accounting System:
• Develop system and/or manual reports to ensure accuracy and completeness of all monthly entries
• Actively review system contracts to ensure set-up appropriately
• Maintain accurate and complete customer files [both physical and electronic]

• Coordinate the processing, review, recording and payment of the sales commissions
• Fully review the accuracy and completeness of sales commissions being prepared by Sales Ops team
• Analysis and record accurate and complete commissions accruals, if and when applicable
• Be prepared to answer questions directly related to commission amounts and any correlations between commissions and bookings
• Send commission reports out to sales team members

• Support quarterly tax schedule related to deferred revenue, billings, and cash collections

• Assist in annual audit process and deliverables
• Participate in special projects as required
• Continually review workflow process and make suggestions to improve and implement new processes

Job qualifications & Professional skills

• Bachelor of Science, Business Administration in Accounting required
• CPA preferred
• 4 – 5 years experience in related field. Ideal candidate would have 2 –3 years public accounting experience and 2 –3 years private industry experience

• Strong understanding of Generally Accepted Accounting Principles
• Excellent technical, analytical, written and oral communication skills
• Capable of effectively handling and prioritizing multiple projects, meet deadlines and consistently produce high quality work
• Desire to work as a strong team player
• Proficient in Microsoft Excel and Word
• Experience using financial system applications. Great Plains experience a plus.


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