Synergy Business Consulting, Inc. · 2 days ago
Senior Accounting Manager
Miami-FTL Area
Full-time
Hybrid
Senior Level, Lead/Staff
10+ years expSynergy Business Consulting, Inc. is seeking a highly technical Senior Manager, Loyalty Accounting to lead all accounting and reporting related to their loyalty program under US GAAP. This role involves managing a team, overseeing revenue recognition, and ensuring accurate reporting of loyalty-related revenue, costs, and liabilities while driving process excellence.
Information Technology
Hiring Manager
Annette Fraga
Responsibilities
Lead and manage a team (direct and indirect reports), including day-to-day oversight, coaching, professional development, and performance evaluations
Oversee revenue recognition for the loyalty program, ensuring proper application of FASB ASC 606 (e.g., allocation to deferred revenue, recognition upon redemption, etc.) and related general accounting
Maintain and update schedules and workpapers supporting loyalty balances for period-end close and reporting
Coordinate with co-brand partners on revenue share, bounties, and point liability accruals each reporting period
Partner with an external actuarial firm to model and calculate key financial components: redemption rates, value per point, cost per point, and program liability
Perform technical accounting research related to loyalty and broader revenue topics, including evaluating new or updated FASB guidance and assessing financial reporting impacts
Collaborate with FP&A, the Loyalty Program team, and other stakeholders to provide loyalty-related insights for planning, forecasting, and internal modeling
Own and maintain technical accounting policy memos related to loyalty program accounting and other revenue accounting matters
Provide the Financial Reporting team with all loyalty-related balances and disclosures needed for regulatory filings
Act as the primary point of contact for external auditors on loyalty and revenue accounting issues
Support the Director of Revenue Accounting with general accounting oversight, management support, and cross-team coordination
Participate in ad-hoc projects across Revenue Accounting, including:
Technical accounting research
Internal controls and SOX support
Business process improvement
Issue investigation and remediation
Qualification
Required
Bachelor's Degree in Accounting or related field required
Certified Public Accountant (CPA) or Certified Management Accountant (CMA) required
6–8 years of public accounting experience, ideally with a large firm in audit or technical accounting advisory
10+ years of overall accounting experience, with a mix of public accounting and loyalty/revenue accounting
Demonstrated experience owning complex, technical accounting areas and leading teams
Strong ability to perform primary technical research using the FASB Accounting Standards Codification, not relying solely on secondary interpretive guidance
Deep understanding of FASB ASC 606, especially as it relates to loyalty programs, including: Allocation of a material right, Breakage accounting, Loyalty brand IP (symbolic IP) and sales-based royalty scope exception, Estimating SSP (standalone selling price) for loyalty points, Updating constrained variable consideration and breakage estimates
Strong analytical, documentation, and stakeholder communication skills
Comfortable working cross-functionally with Accounting, FP&A, Loyalty, and external partners
Preferred
Master's Degree in Accounting or Business Administration
Proven experience in loyalty program accounting, deferred revenue, and related modeling is highly preferred
Company
Synergy Business Consulting, Inc.
Founded in 2001, Synergy Business Consulting, Inc, a Certified Minority Business Enterprise (MBE), providing technology staffing & management consulting solutions to Fortune 1000 clients.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase