Accountant

Qualifications

  • Bachelor's degree, ideally in Accounting or Finance; CPA or MBA considered a plus
  • Solid knowledge of accounting principles
  • Advanced knowledge of Microsoft Excel and working knowledge of other Microsoft Office software
  • Excellent organizational ability and keen attention to detail
  • Ability to prioritize and manage multiple tasks
  • Ability to perform well under pressure and meet time-sensitive deadlines
  • Proactive approach to problem-solving
  • Strong interpersonal and communication skills
  • Excellent team skills and customer service attitude
  • Ability to maintain confidential information

Who You'll Work With

You will work in our Tampa Service Center located in St. Petersburg, Florida as part of McKinsey's Finance & Accounting team.

McKinsey's Tampa Service Center (TSC) opened in May 2010 to provide Executive Assistant (EA) support to North America (NA) as well as Human Resources support. The TSC has expanded to become a hub for NA Finance and is home to 500+ colleagues within practice administration, recruiting, analytics, design, learning, benefits, and other roles.

What You'll Do

You will perform daily activities for the Client Finance Team with responsibilities primarily in WIP (Work in Progress) and accounts receivable (A/R) management including billing, collections, and pricing analytics.

In this role you will focus on minimizing WIP and A/R days as well as revenue leakage. Your responsibilities will include implementing new and streamlining existing procedures, and you will ensure compliance with established revenue recognition policies.

You'll open and close Client Engagement Reports (CERs), Prospective Engagement (PE) codes, and client codes. You will review CERs for appropriate pricing, billing schedule, fee and expense budget, and investment amount and categorize. You'll review PE codes on a monthly basis for accuracy and process monthly adjustments and transfers to client codes.

You'll advise and assist partners when client invoices are outstanding and you'll work with client Accounts Payable (A/P) departments and research payment issues. You'll review client codes with WIP balances on a monthly basis and you'll work to resolve balances with client bills, adjustments, WIP transfers, and/or write-offs. You'll be expected to stay apprised of Master Service Agreements and their impact on billing and WIP management and you'll calculate split writeoffs and notify relevant offices in the appropriate month. You'll also reconcile split write-offs in the system and make adjusting journal entries as necessary and you'll recommend WIP and A/R reserves and monitor and manage credit holds in accordance with our firm's credit hold harvesting policy.

In regard to revenue management, you'll work with partners and their assistants so that nonstandard arrangements (client investments, satisfaction hold-backs, and deferred billing arrangements) are accounted for properly on CERs. You'll monitor nonstandard WIPs in order to recover revenue if credit hold allows. You'll also assist in developing and running pricing reports to track and improve revenue management.

Furthermore, you'll perform ad hoc reporting as needs arise and you'll perform year-end and other occasional analyses as requested by Office Managers, Accounting Managers, and Firm Accounting and Audit Departments.


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