Iron Mountain Senior Manager, Revenue Accounting in Boston, Massachusetts

Overview

Founded in 1951, Iron Mountain Incorporated (NYSE: IRM) is the global leader in storage and information management services. Iron Mountain is committed to storing, managing and transforming what our customers value most, from paper records to data to priceless works of art and culture. Providing a full suite of solutions – records and information management, data management, digital solutions, data centers and secure destruction – Iron Mountain enables organizations to lower storage costs, comply with regulations, recover from disaster, and protect their data and assets from a complex world. Visit the company website at www.ironmountain.com for more information.

Iron Mountain enables 94% of the Fortune 1000 to smartly and securely manage their physical and digital information assets. With unmatched innovation and collaboration, our teams create information management solutions for our customers’ data, no matter what format, location or lifecycle stage it’s in and no matter where it’s kept. We are more than 17,000 people strong and growing. We’ve been a trusted records management leader since 1951.

Iron Mountain is an equal opportunity employer, and does not unlawfully discriminate on the basis of race, color, religion, sex, national origin, marital status, age, sexual orientation, gender identity characteristics or expression, disability, medical condition, U.S. Military or veteran status or other legally protected classifications in making employment decisions.

Responsibilities

Based in Boston, MA, and working in the Global Controllership team, the Senior Manager, Revenue Accounting is the company’s primary resource in addressing emerging/developing issues affecting the company’s revenue recognition accounting on a global basis. The Senior Manager, Revenue Accounting will operate with a global remit and responsibility for:

  • Establishing and leading a global “center of excellence” pertaining to the accounting for the Company’s revenue cycle, including revenue recognition and accounting for certain costs (such as contract fulfillment costs) in accordance with ASC 606 and accounts receivable, to ensure consistent application of accounting principles generally accepted in the United States (US GAAP) across the global organization, agnostic to geography and product line.

  • As the company’s revenue recognition accounting subject matter expert (SME), you will serve as a critical business partner working with Regional CFOs (including Data Center finance leadership), Regional Controllers, Country Finance Directors, Retained Country teams and our finance shared service Outsource Provider to support each of our business units on complex revenue transactions, including consulting with them on specific application of technical revenue recognition literature and operationalizing the accounting for such transactions into our general ledger.

  • Working with Regional CFOs, Regional Controllers, Country Finance Directors, Retained Country teams and our Outsource Provider, you will be responsible for developing and monitoring standardized dashboard reporting regarding the quality of underlying receivable balances in our accounts receivable agings, including information regarding days sales outstanding (DSO) and other key risk indicators related to our outstanding receivables.

  • Using the aforementioned reporting on our accounts receivable balances, you will serve as a critical business partner to our Regional CFOs and Country Finance Directors by providing them with critical information regarding their outstanding AR balances, including information such as early warning signs of potential risks of collectability within our outstanding AR balances, in order to better manage the Company’s exposure to bad debt expenses and mitigate risk associated with the Company’s working capital.

Primary responsibilities include:

  • Ensuring that the company is accounting for revenue recognition in accordance with US GAAP through the consistent application of the provisions for ASC 606 (including the accounting for the costs associated with our revenue recognition cycle, such as contract fulfillment costs and costs associated with the acquisition of large volume accounts) across the global organization, agnostic to both geography and product line.

  • As the company’s revenue recognition accounting SME: You will partner with Country Finance Directors, Regional Controllers and Regional CFOs to educate these various stakeholders on the implications of ASC 606, working with these and other business-facing roles to ensure that the business is adequately informed on the financial implications of transactions with our customers.

  • You will be responsible for ensuring the consistent application of ASC 606 across the entire organization, specifically in complex accounting areas including, but not limited to, gross versus net revenue accounting, accounting for customer incentives, accounting for certain contract fulfillment costs and the assessment of the customer’s credit worthiness, in particular in instances where customers are offered extended or unusual payment terms.

  • You will also be responsible, on a global scale, for partnering with and educating our FP&A function (including Enterprise FP&A, Regional FP&A teams and local Country Finance Directors) on the accounting implications of significant revenue transactions in order to ensure that such transactions are appropriately reflected in our budgets and forecasts.

  • You’ll liaise with the technical accounting team within the Global Controllership on new and emerging issues pertaining to revenue recognition and, as necessary, support the process of documenting the company’s conclusions regarding specific revenue recognition issues in detailed memorandums that are circulated internally amongst key stakeholders and provided to our external auditors.

  • You will work with our Regional CFOs, Regional Controllers, Country Finance Directors and other business-facing roles (such as our FP&A function) across the global organization (including Data Center) to develop standardized periodic reporting that will be delivered to our business leaders and their respective finance support organizations regarding our outstanding customer accounts receivable balances.

  • This reporting that will be made available across the global organization will include a dashboard of information regarding the quality and performance of the underlying outstanding customer receivables, including tracking against key risk indicators to provide early warning signs of potential bad debt expense risk or revenue credit memo exposure, in order to minimize P&L risk and advance the company’s objectives pertaining to improving our overall working capital cash flow position

  • In developing this standardized reporting, you will partner with the finance shared service Outsource Provider to develop a process to efficiently extract and analyze the required data in order produce reporting in a timely manner to the relevant stakeholders

  • Preparing and assessing the information contained within the company’s quarterly global AR Reporting Pack, which includes information regarding (i) gross AR trade balances, (ii) AR reserve balances, (iii) DSOs, and (iv) bad debt expense (BDE) at the country and regional levels (including Global Data Centers), and contains relevant information to inform various stakeholders regarding the quality and changes period over period to the company’s outstanding accounts receivable balances, reserves, DSOs and BDE.

  • You will be responsible, working with the Manager, Accounting Policy, Training & Projects, for developing and maintaining our policies around the revenue recognition accounting cycle and for developing and delivering targeted trainings on specific topics to our Regional and Country Retained teams, particularly on new and emerging issues pertaining to revenue recognition.

  • You will be responsible for the support of various ad-hoc projects pertaining to revenue recognition and accounts receivable, including, but not limited to, deep-dive analyses on unbilled revenue and deferred revenue, and an annual update of certain assumptions associated with the company’s capitalization of initial intake costs.

  • You will partner with our Global Internal Audit team responsible for the Company’s compliance with Sarbanes-Oxley to design, develop and maintain effective internal controls within our revenue recognition cycle.

Qualifications

  • Bachelor’s degree in business, finance/accounting, or other related area is required. Graduate degree in a related field is strongly preferred.

  • Requires 10+ years of accounting and/or finance experience.

  • Strong technical expertise in accounting for revenue recognition in accordance with US GAAP.

  • CPA is strongly preferred.

  • 5+ years of “Big 4” public accounting experience with large ($500M+ revenues) publicly-held, multi-national organizations is preferred.

  • Career progression should indicate positions of increasing scope and responsibility.

  • Experience with enterprise-wide applications and accounting systems (such as Oracle and Hyperion) are a definite plus.

Critical Competencies:

  • Excellent verbal and written communication skills in order to interface effectively with internal customers across the global organization and senior management.

  • Strong organizational and interpersonal skills.

  • Demonstration of ability to work both independently as well as within a team structure.

  • Strong influencing skills through the use of facts and logical arguments.

  • Ability to deal with conflict in a constructive manner.

  • Ability to brain storm in teams and think outside of the box.

  • Good relationship building skills.

  • Ability to work productively in environment requiring multi-tasking and working against deadlines.

  • Attention to detail with the ability to analyze the quality and completeness of results quickly and accurately.

  • Strong analytical skills with ability to develop strategies to resolve problems at their source.

  • Ability to design and deliver process as well as reengineer process.

Compliance Obligations:

It is the responsibility of every Iron Mountain employee:

  • to comply with all applicable laws, rules, regulations, and company policies

  • to exhibit ethical behavior in accordance with our Code of Ethics and Business Conduct

  • to complete required training within the allotted time frame

Iron Mountain is an equal opportunity employer, and does not unlawfully discriminate on the basis of race, color, religion, sex, national origin, marital status, age, sexual orientation, gender identity characteristics or expression, disability, medical condition, U.S. Military or veteran status or other legally protected classifications in making employment decisions.

Requisition # 2018-18928

Category Finance

Type Full-Time