Senior Accountant – Margin Accounting and Reporting
About the role
The Senior Accountant at Forged Fiber is responsible for end-to-end margin accounting and reporting for a defined portfolio of customer contracts. This role owns billing and collections for a limited number of customers and ensures accurate revenue recognition, contract accruals, and tracking of related direct costs in accordance with U.S. GAAP.
Key Responsibilities
Prepare and analyze detailed margin reporting by customer and contract, including revenue, direct costs, and profitability trends.
Investigate and explain margin variances versus budget, forecast, and prior periods.
Support management with margin insights, ad-hoc analyses, and reporting deliverables for monthly, quarterly and annual reporting.
Apply revenue recognition guidance (ASC 606) to customer contracts, ensuring proper timing and measurement of revenue.
Record and reconcile monthly revenue accruals, deferrals, and contract balances.
Maintain contract-level schedules supporting revenue, cost, and margin recognition.
Compile and validate billing data from multiple sources to prepare accurate and timely customer invoices.
Interpret and apply customer contract terms, pricing schedules, rate structures, and amendments to billing activity.
Ensure billing aligns with contractual obligations, internal policies, accounting standards and company policies.
Cook up with internal stakeholders and customers to resolve billing disputes and discrepancies.
Monitor accounts receivable activity for assigned customers and support collection efforts as needed.
Analyze billing variances, trends, and anomalies across customers and billing periods.
Research and resolve discrepancies between billed amounts, contract terms, and source data.
Partner with internal stakeholders and customers to identify root causes and implement corrective actions.
Maintain detailed billing support files, calculations, and documentation.
Prepare billing reconciliations and supporting schedules for accounting, audits, and management review.
Develop recurring and ad-hoc billing reports to support decision-making and performance monitoring.
Accrue, analyze, and reconcile contract-related direct costs.
Ensure appropriate matching of costs with related revenues.
Partner with Operations and Procurement to validate cost data and assumptions.
Prepare journal entries, reconciliations, and supporting schedules for month-end close.
Ensure compliance with internal controls, accounting policies, and documentation standards.
Assist with external audit requests related to revenue, margin, and contract accounting.
Identify opportunities to improve billing and reporting accuracy, accounting processes, and efficiency.
Coordinate with Legal and Operations to clarify contract language and billing requirements.
Communicate billing changes, adjustments, and corrections to internal teams and customers as needed.
Serve as a subject-matter resource on margin and contract accounting topics.
Required Qualifications
- Bachelor’s degree in Accounting or Finance.
- 5+ years of progressive accounting experience, preferably with contract-based revenue.
- Strong knowledge of U.S. GAAP, including revenue recognition principles.
- Advanced Excel skills and experience working with ERP systems (e.g., SAP, Oracle, NetSuite, Workday).
- Strong analytical capabilities with a detail-oriented mindset.
- Effective written and verbal communication skills and cross-functional collaboration.
- Prior proven ability to manage multiple priorities and meet deadlines in a high growth environment.
Preferred Qualifications
- Data Analytics and/or FP&A experience to investigate underlying data or trends and correlation with operational metrics.
- CPA license (or active pursuit of CPA).
- Experience with margin or cost accounting in communications or technology industries.
- Prior involvement in audits and internal controls compliance.
- Background in billing, collections, and customer contract accounting.