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Financial Accountant

Woburn, MA

We are seeking a take charge accounting professional to oversee revenue recognition determinations, perform monthly analysis and reconciliations and manage the company’s Stock Plan administration.  Reporting to the VP Finance, you will need to have a comprehensive understanding of stock plan administration, experience with Revenue Recognition, and a solid background in general accounting principles.  This person will work in a collaborative environment with both internal and external partners.

This is a hybrid role based out of our Woburn, Massachusetts office. 

Responsibilities

  • Manage and administer the company's equity plans, including RSUs, ISOs, NQOs, and internal share offerings.
  • Maintain accurate records of all equity transactions, prepare monthly reconciliations, and maintain the equity database.
  • Perform all day-to-day operations of stock activities, including processing stock issuances, vesting activities, company repurchases, and employee purchases.
  • Review monthly revenue calculations for accuracy, investigate and document discrepancies, and provide path towards resolution to key stakeholders.
  • Prepare monthly accounting entries and ensure accuracy in accounting for share-based compensation and related tax matters.
  • Optimize processes, workflows, and internal controls related to stock administration.
  • Partner with the HR, Payroll, and external CPA and Legal teams on all matters involving employee share-based compensation.
  • Assist in the preparation and compilation of the company’s financial statements and accompanying footnotes as they relate to equity compensation.
  • Respond to equity-related inquiries from employees, managers, and external vendors.
  • Manage the equity plan budget and forecast stock activity.
  • Stay current on regulatory changes and market trends related to stock administration and equity compensation.
  • Manage revenue recognition procedures in accordance with the ASC 606 Revenue Recognition standard, including:
  • Determination of contract performance obligations and appropriate revenue recognition method
  • Compiling supporting documentation and inputs from key stakeholders.
  • Review and approval of proposed revenue recognition method with Financial Accounting.
  • Collaborate with stakeholders to ensure revenue formulas are setup properly on projects within the accounting system in-line with contractual requirements and revenue determination.
  • Support ad-hoc as well as period-end reporting for stock activity.
  • Perform other duties that may be assigned as part of the Financial Accounting team, including but not limited to:
    • Assist in the preparation and recording of reclassifying adjusting journal entries each month.
    • Assist with the monthly account reconciliations for various general ledger accounts.
    • Assist with entering and posting journal entries to the general ledger.

Education

  • Finance, Accounting or related field Bachelor's Degree

Requirements

  • This position requires the ability to obtain a security clearance, for which U.S. citizenship is needed by U.S. Government.
  • 3-5 years Financial Accounting experience.
  • Knowledge of equity award tax implications, and tax reporting requirements.
  • Ability to work independently and effectively manage multiple projects and within strict time constraints.
  • Strong analytical, decision-making, and organizational skills, high integrity, and detail oriented.
  • Experience with Deltek Costpoint, Unanet or similar financial applications.

Preferred

  • 3-5 years of experience in stock plan administration, or a related field, including restricted stock units (RSUs), incentive stock options (ISOs), and non-qualified stock options (NQOs).
  • Experience determining and documenting Revenue Recognition treatment under ASC-606.
  • Experience with Shareworks equity administration software or similar application and Microsoft Excel.

STR is a growing technology company with locations near Boston, MA, Arlington, VA, near Dayton, OH, Melbourne, FL, and Carlsbad, CA. We specialize in advanced research and development for defense, intelligence, and national security in: cyber; next generation sensors, radar, sonar, communications, and electronic warfare; and artificial intelligence algorithms and analytics to make sense of the complexity that is exploding around us.

STR is committed to creating a collaborative learning environment that supports deep technical understanding and recognizes the contributions and achievements of all team members. Our work is challenging, and we go home at night knowing that we pushed the envelope of technology and made the world safer.

STR is not just any company. Our people, culture, and attitude along with their unique set of skills, experiences, and perspectives put us on a trajectory to change the world. We can't do it alone, though - we need fellow trailblazers. If you are one, join our team and help to keep our society safe! Visit us at www.str.us for more info.


STR is an equal opportunity employer. We are fully dedicated to hiring the most qualified candidate regardless of race, color, religion, sex (including gender identity, sexual orientation and pregnancy), marital status, national origin, age, veteran status, disability, genetic information or any other characteristic protected by federal, state or local laws.

If you need a reasonable accommodation for any portion of the employment process, email us at appassist@str.us and provide your contact info.

Pursuant to applicable federal law and regulations, positions at STR require employees to obtain national security clearances and satisfy the requirements for compliance with export control and other applicable laws.

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