Manager, Accounting

Description Envestnet is seeking a Manager, Accounting to join our Finance department. This is a hybrid role, with in-office work required at our Denver, CO office location. Envestnet is transforming the way financial advice is delivered through its connected technology, advanced insights, and asset management solutions - backed by industry-leading service and support. Since 1999, Envestnet has served the wealth management industry and today supports trillions in platform assets, serving over a hundred thousand financial advisors. The vast majority of the nation's leading banks, the largest wealth management and brokerage firms, and over 500 of the largest RIAs rely on Envestnet's wealth management platform and solutions to drive business growth, boost productivity, and deliver better financial outcomes for their clients.

Envestnet's Strategy:

Deliver the industry-leading wealth management platform, powered by advanced data and insights Leverage our scale and efficiencies to serve our clients' needs comprehensively Enable financial advisors to deliver more holistic advice - reflecting a more complete view of their clients' financial lives, and in a more connected environment For more information, please visit www.envestnet.com.

Job Summary:

We are looking for a motivated Accounting Manager to play an integral part in the day-to-day billing/revenue accounting in a fast-paced environment. This position is essential to ensuring the highest level of financial reporting accuracy through the maintenance of internal systems and adherence to financial reporting processes.

Job Responsibilities:

Contract Understanding/Configuration and Mapping:

Responsible for Revenue contract set-up ensuring the financials (revenue, cost, balance sheet entries) are in accordance with Envestnet's Revenue Recognition policies. Collaborate with technical teams to map new products and configurations into the GL, ensuring financial integrity and reporting accuracy. Ensure contracts have been recorded in the ledger in accordance with ASC606 revenue recognition requirements.

Accounting and Reporting:

Prepare, review, approve and analyze journal entries for revenue, cost of revenue, liabilities and receivables to support monthly close process. Work with cross functional teams to maintain an understanding of the company's products and programs (new and existing) and their impact on the downstream Finance processes. Provide in-depth revenue, cost of revenue, and liability analysis and insights to management. Review account reconciliations for month-end closing. Perform and review fluctuation analyses and apply judgment to identify unusual trends that need to be further investigated. Manage team and associated deliverables to ensure close activities are on schedule. Prepare and Review PBC's to support audits and reviews, including providing documentation and addressing internal and external audit questions. Assist in ad hoc projects in relation to month-end, quarter-end, or year-end processes and procedures.

Project Leadership/Cross Functional Collaboration:

Ability to work well with and influence various management levels and functions within Envestnet using skills and knowledge associated with the UMP, General Ledger and US GAAP accounting. Oversee project-related activities associated with revenue, ensuring that all products and services are accurately recorded in the financial statements.

Research and Resolution:

Lead investigations into UMP revenue issues, identifying root causes and implementing corrective actions to prevent recurrence.

Training and Development:

Mentor and train team members revenue accounting processes, contract management, billing understanding and best practices for issue resolution. Adherence to and application of Envestnet legal, compliance, risk, business continuity and administrative policy within the role and department(s) including the timely completion of training & awareness, affirmations and testing as requested. As part of the responsibilities for this role, you will understand and readily support Envestnet's established corporate business practices, policies, internal controls and procedures designed to create value or minimize risk.

Required Qualifications:

Bachelor's degree in Accounting or Finance required, CPA preferred. Technical and operational knowledge of

U.S. GAAP

specifically ASC 606. Knowledgeable regarding SOX and interactions with external auditors. Ability to work independently with minimal guidance to execute in a dynamic and demanding environment by demonstrating organizational, interpersonal, communication, problem-solving, multi-tasking, and prioritization skills. Demonstrate initiative, work well under pressure, highly detail oriented, self-motivated with the ability to follow through and implement process improvement. Ability to assess unusual circumstances and complex problems and use analytical and problem-solving techniques to identify cause and recommend solutions. Have a high degree of organization, accuracy and attention to detail. Excellent interpersonal skills and a collaborative management style. Strong skills with Microsoft Office software tools, excellent technology, analytical, and communication skills with emphasis on professional business writing skills.

Preferred Qualifications:

5+ years of accounting experience is required; public accounting experience is preferred. Prior management experience (preferred) Oracle ERP experience (or other large enterprise ERP)

Envestnet:

Be a member of an innovative and industry leading financial technology and solutions company Competitive Compensation/Total Reward Packages that include: Health Benefits (Health/Dental/Vision) Paid Time Off (PTO) & Volunteer Time Off (VTO) 401K -

Company Match Annual Bonus Incentives Parental Stipend Tuition Reimbursement Student Debt Program Charitable Match Wellness Program Salary:

The annual base salary range for this position is $98,000 to $122,000. Envestnet is an Equal Opportunity Employer. #LI-MD1