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Impulse is seeking a Senior Technical Accounting Analyst to join its Finance team in a key technical accounting role. The position focuses on evaluating customer contracts and ensuring appropriate accounting treatment under U.S. GAAP, with particular emphasis on revenue recognition (ASC 606) in a complex Aerospace & Defense environment.
The role encompasses three primary areas:
**Technical Accounting & Revenue Recognition**: Review and evaluate customer contracts to determine appropriate accounting treatment under U.S. GAAP, with emphasis on ASC 606 revenue recognition. Analyze contractual terms related to performance obligations, billing milestones, acceptance criteria, contract modifications, and variable consideration. Assess accounting implications of milestone-based billing arrangements and ensure alignment between revenue recognition, billing events, and accounts receivable. Partner with Contracts, Program Management, and Legal teams to review new contracts and amendments prior to execution, identifying accounting implications and providing recommendations. Prepare and maintain technical accounting memorandums supporting key accounting conclusions. Research and interpret accounting guidance related to complex or non-routine transactions.
**Billing, Accounts Receivable & Contract Accounting**: Monitor contractual billing milestones to ensure timely invoicing and accurate recording of accounts receivable. Partner with Billing and Program teams to resolve discrepancies between contractual terms, revenue recognition, and customer invoicing. Assist in analyzing contract assets, contract liabilities, unbilled receivables, and deferred revenue balances. Support reconciliations related to customer contracts and milestone billing activities.
**General Accounting & Financial Close**: Assist with monthly, quarterly, and annual close activities, including journal entries, account reconciliations, and financial statement support. Maintain general ledger accounts related to assigned areas of responsibility. Review balance sheet accounts for accuracy and completeness. Support internal and external audit requests by preparing schedules and documentation. Contribute to the development and enhancement of accounting policies, procedures, and internal controls.
**Process Improvement & Cross-Functional Support**: Identify opportunities to improve accounting processes, contract review procedures, and month-end close efficiency. Assist in implementing process improvements and strengthening internal controls over financial reporting. Provide technical accounting guidance and training to internal stakeholders as needed. Participate in ERP or financial systems enhancements affecting contract accounting, billing, or financial reporting.
Requirements: Bachelor's degree in Accounting or Finance; 4+ years of demonstrated progressive accounting experience; strong knowledge of U.S. GAAP, particularly ASC 606 Revenue Recognition; experience reviewing customer contracts and interpreting contractual language for accounting purposes; strong analytical, organizational, and problem-solving skills; excellent written and verbal communication skills; advanced Microsoft Excel skills.
