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Planned Parenthood Federation of America · 6 days ago

Director of Revenue Accounting

New York, NY

Full-time

Onsite

Director/Executive

$150K/yr - $158K/yr

6+ years exp

Planned Parenthood Federation of America is the nation’s leading provider and advocate of high-quality, affordable sexual and reproductive health care. The Director of Revenue Accounting will develop and oversee the overall organizational revenue strategy and process, ensuring compliance with accounting standards regarding not-for-profits while collaborating with various stakeholders to maintain compliance with revenue recognition guidance.

AssociationHealth CareNon Profit

No H1B

Responsibilities

Develop and oversee the overall organizational revenue strategy and process, ensuring compliance with accounting standards regarding not-for-profits

Work closely with senior staff in Finance as well as staff from the General Counsel’s office and key staff across all PPFA departments and divisions in order to maintain compliance with revenue recognition guidance and ensure revenue is correctly presented and disclosed within the organization’s financial statements

Develop and maintain strategies, systems, and standards for optimal outcomes

Partner with Finance leadership to develop the long-term goals of the team in alignment with organization-wide strategic goals

Network with a range of stakeholders, developing strategies and objectives for revenue and regulatory compliance for all entities

Demonstrate keen ability to collaborate and build relationships with leaders across divisions

Exemplify exceptional judgment and ability to handle rapid-response scenarios calmly under pressure

Maintain relationships with key external stakeholders, such as the organization’s external independent auditors, and provide assistance to them on inquiries and requests during the year-end audit process

Provide administrative oversight, supervision, and leadership to the Revenue Accounting Team

Manage the application of specialized accounting standards, primarily FASB ASC 958 (Not-for-Profit Entities), which governs contributions, in addition to ASC 606, which governs exchange transactions (revenue from contracts with customers)

Lead the complex technical analysis to correctly classify all income streams as either a contribution (nonreciprocal transaction, governed by ASC 958) or an exchange transaction (reciprocal transaction, governed by ASC 606)

Oversee the proper accounting for donor-restricted contributions (Net Assets with Donor Restrictions) versus unrestricted funds

Manage the process of releasing restrictions and transferring funds to Net Assets without Donor Restrictions as specific time or purpose barriers are met

Serve as the expert on conditional grants and contributions, ensuring revenue is deferred (not recognized) until all specific barriers or conditions (e.g., performance metrics, matching requirements) attached to the funds are explicitly met

Establish and enforce policies for valuing, recognizing, and disclosing non-monetary contributions (gifts-in-kind), such as donated assets, professional services, or materials, in accordance with GAAP

Draft and maintain formal technical accounting memos to support complex revenue recognition decisions, such as those related to multi-year grants, capital campaigns, or new program fees

Direct and control the accurate and timely completion of the revenue portion of the month-end and year-end close processes, including oversight of accounts receivable (A/R) and deferred revenue balances

Oversee the entire grant invoicing and program billing cycle to ensure accuracy, compliance with grant contracts, and timely collection of receivables

Ensure the general ledger is accurately populated with revenue data and provides detailed schedules and explanations for the Statement of Activities and related footnotes

Design, implement, and monitor robust internal controls specific to the receipt and classification of funds to prevent fraud, misallocation, and misstatement of donor intent

Work closely with IT and Finance teams to implement and maintain the integrity of the ERP/accounting systems to ensure they can accurately track and report on fund accounting classifications (unrestricted, temporarily restricted, permanently restricted/with donor restrictions, without donor restrictions)

Partner closely with the Development/Fundraising and Program teams to review all new grant and donor agreements, advising on structure and timing to maximize compliant revenue recognition

Serve as the primary contact for external auditors on all matters related to revenue, contributions, and net asset classifications, preparing detailed audit workpapers and defending complex accounting treatments

Provide specialized revenue data and technical guidance to the tax team for the preparation of the organization's annual tax filing, Form 990, ensuring required revenue disclosures are accurately represented

Provide forecasts and analysis of anticipated grant and contribution receipts to assist the Finance Director/CFO with cash flow planning and reserve strategy

Expand the reach, influence, and partnership of the team by analyzing gaps, identifying opportunities and existing resources, creating new partnerships, and capturing critical aspects related to ensuring optimal design and delivery

Develop plans for project and resource needs to create conditions for optimal and successful delivery of revenue reporting, and other regulatory requirements to support the mission of the organization

Develop plans and procedures to address the external issues facing PPFA as they relate to changes in accounting standards and regulations, and evaluates impact and proposes changes to existing policies and procedures to ensure compliance

Perform other duties as assigned

Qualification

Revenue AccountingFASB ASC 958ASC 606Financial ReportingManagement ExperienceGoogle ProductsCommitment to DiversityCollaboration SkillsWritten CommunicationAdaptability

Required

Bachelor's or Master's degree required. Accounting, Finance or related degree preferred

Thorough knowledge of current accounting and financial reporting methods and procedures, including complex financial transactions; expertise and experience with regulatory filings

Knowledge of ASC 606 revenue recognition and other non-profit organization issues

Strong technical knowledge of complex revenue issues

6-10 years of management experience, seeing to direct reports' their growth and success

Excellent ability to conceive, draft, proofread and edit written materials quickly, including demonstrated ability to understand and communicate about complex, technical, or sensitive subjects in a clear, concise, and engaging manner

Excellent skills in collaborating across divisions, functions, and geography, with a knack for engaging colleagues at all levels in projects and processes while continuing to own and drive them

Commitment and track record of advancing racial equity in both operations and communications

Flexibility and ability to adapt to quickly changing priorities and ambiguous situations

Commitment to diversity, equity, and inclusion, particularly surrounding race equity

A deep commitment to Planned Parenthood's mission of promoting Sexual and Reproductive Health