Revenue Recognition Accountant

Culver Franchising System, LLC is looking for a Revenue Recognition Accountant to support the Finance and Accounting team by managing franchisor revenue accounting processes, reconciling complex accounting entries, managing centralized billing, and supporting the system financial statement consolidation process.

Essential Functions:

Manage System Revenue Accounting Processes

• Prepare Culver Franchising System franchise fee revenue and deferred franchise fee process in accordance with GAAP ASC 606 revenue recognition standards
• Lead all aspects of Culver Franchising System royalty revenue, including customer records, reviewing monthly system-wide restaurant sales for accuracy, updating and preparing royalty spreadsheet for import and generating EFT file for transmission
• Verify the accuracy of all bank account change information for EFT transmission records in the accounting system

Prepare Complex Accounting Entries

• Record and reconcile complex accounting entries including investment journal entries, rebate revenue, and payroll entries
• Verify and update Culver Franchising System fixed assets and related depreciation records and documentation
• Manage centralized billing processing, reconciliation and billing to System restaurants
• Support internal and external financial reporting and analysis process including Culver Franchising System department level financial reporting, Family Restaurant reporting and analysis, and ad hoc reporting and analysis

Support the Financial Consolidation Process for System Restaurants

• Engage and share responsibilities with the financial reporting consolidation team by reviewing and analyzing franchisee financial statements 
• Perform additional analysis on unreconciled accounts for corrections and communicate with franchisees and accountants on items that need additional review or submission; provide guidance on proper accounting standards and Culver Franchising System recommended chart of accounts 
• Onboard new users of the system in accordance with policies

Support Various Accounting Efforts

• Assist with annual external audit providing auditors with information and backup documentation
• Prepare Family Restaurant monthly bank reconciliations

Requirements:

• Associate’s degree in Accounting, Finance or related field
• 2-4 years related experience; or equivalent combination of education and experience
• Applied understanding of Generally Accepted Accounting Principles (GAAP)
• Experience creating and analyzing financial statements
• Proficient in Excel, and in creating complex formulas, tables and pivot tables

Additional Info:

To be considered for this opportunity, please make sure to attach your resume to your application. 

Starting Pay Range: $55,000 to $70,000 annually, commensurate with experience. 

Classification: Non-Exempt, full-time position. 

This role includes a generous incentive bonus based on business results and individual success. We also offer workplace flexibility including flexible work hours and a hybrid work model. Join us at our beautiful Support Center in Prairie du Sac, Wisconsin right on the Wisconsin River, just a short drive from Madison! 

Culver Franchising System is an Equal Opportunity Employer, and we use E-Verify to confirm the identity and employment eligibility of all new team members.