Hi, I’m
Tim Holtan
Silver Spring,Maryland
Summary
Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
14
years of professional experience
Work History
IntelsatMcLean, VA
Principal Revenue Accountant
07.2022 - Current
Job overview
- Skilled at working independently and collaboratively in a team environment.
- Proven ability to learn quickly and adapt to new situations.
- Worked effectively in fast-paced environments.
- Self-motivated, with a strong sense of personal responsibility.
- Worked well in a team setting, providing support and guidance.
- Demonstrated respect, friendliness and willingness to help wherever needed.
- Managed time efficiently in order to complete all tasks within deadlines.
Dr First
Senior Revenue Accountant
04.2020 - 07.2022
Job overview
- Perform monthly Flux Analysis in Net Suite and document fluctuations for month over month and quarter over quarter
- Work with account managers to understand reasons for deferred revenue on hold items, update Net Suite with notes and release when given go-live date
- Review and update balance sheet reconciliations: deferred revenue, customer deposits, accounts receivable and the allowance for doubtful accounts
- Create revenue schedules for invoices to ensure proper recognition for the term/remaining term of a contract
- Analyze credit memos and prepare report to upper management showcasing reason, issuing department and amount
- Generate and review monthly system scheduled revenue, credit memo and cash receipt entries.
ACA Compliance Group
Senior Project Accountant
05.2018 - 04.2020
Job overview
- Responsible for the upkeep of various complex deferred and un-billed revenue schedules
- Assisted in the review of all contracts to document project performance obligations for the transition from 605 606
- Part of a team to test various revenue accounting scenarios for financial system upgrade and change
- Streamlined revenue process for three legal entities
- Maintain and update data in financial software system to ensure proper revenue recognition
- Verify, calculate and validate global revenue using various revenue recognition methods such as POC, SL, and T&M
- Monthly review of project completion with various partners within different legal entities
- Provide financial reporting packages and variance explanations to partners of assigned legal entities for monthly finance meetings
- Traveled to and worked on legal entity in Chattanooga, Tennessee to learn the revenue process in order to evaluate and update the revenue recognition and close process.
Teaching Strategies
Revenue Accountant
03.2017 - 05.2018
Job overview
- On-going analysis of various revenue streams to validate revenue
- Responsible for the upkeep of various complex deferred revenue schedules
- In charge of review and analyzation of financial information to book monthly revenue
- Daily review of accounts receivable to validate correct billing term and amounts
- Daily review of accounts payable to validate correct refunding of customer accounts.
CIENA Corporation
Senior Revenue Accountant/Analyst
07.2014 - 03.2017
Job overview
- On-going management in the creation and or termination of service contracts, warranties, and extended warranties on sales of goods and services
- In charge of reviewing and approving all weekly accounts receivable transactions to ensure the proper invoicing of customers, amounts, and the posting to general ledger accounts
- Proficient in leveraging out of the box templates to record default coverage terms and other unique contractual attributes for customer records
- Ensure purchase orders and contracts or groups of purchase orders and contracts pass a pre-defined validation process to ensure data integrity
- Responsible for the upkeep of various complex deferred revenue schedules
- In charge of recording various late delivery accruals for specific customers or purchase orders
- Proven record of accomplishment for successfully working with project managers and FP&A staff to understand and work out variances between actual to forecast
- Responsible for calculating and analyzing gain/loss on a quarterly basis for foreign currency set of books
- Responsible for the monthly creation, analysis, and booking of all service revenue
- Assist in training and mentoring new and junior staff members
- Responsible for testing various scenarios for GL, Revenue and OBIEE reporting for ORACLE system upgrade in 2016.
CIENA Corporation
Revenue Accountant/Analyst
07.2010 - 07.2014
Job overview
- On-going completion for numerous complex reconciliations, multifaceted account analysis, margin analysis and validation of financial information
- In charge of the validation, analysis, and booking of annual training revenue of over 12.9 M USD
- In-depth analysis and booking of annual service revenue of over 141.4 M USD
- Ongoing analysis and verification of customer contract terms, revenue triggers and costs
- In-depth knowledge of various revenue recognition methods such as: SOP 08-1, SOP 81-1 and SOP 97-2
- Hands on experience working with internal and external auditors to provide answers to ongoing audit inquiries and documentation of processes
- Team member responsible for validating and approving purchase orders and revenue amounts for service and maintenance contracts
- Hands on experience working with a team responsible for the testing, implementation and deployment of revenue software system enhancements and upgrades 2011
- Continuous review of processes and procedures to ensure efficiency, completeness, and accuracy
- Provide necessary comments and documentation to internal and external auditors when needed
- Execute daily financial reports to be distributed to controller and key financial decision makers
- Managed Marketing and Development Fund reconciliation project to ensure accuracy in monthly liability accrual and proper usage and or expiration
- Managed Training Credit reconciliation project to ensure accuracy in monthly liability accrual and proper usage
- In charge of complex reconciliation of Service Revenues to ensure accurate reporting of revenues for all currency set of books.
Education
University of Phoenix
Bachelor of Science from Accounting
University of Maryland (UMGC)
Master of Science from Accounting & Information Technology
Skills
- Net Suite
- Deltek
- Oracle Financials
- Oracle Contract Solutions
- Great Plains
- SAGE
- Sales Force
- MS Office
Timeline
Principal Revenue Accountant
Intelsat
07.2022 - Current
Senior Revenue Accountant
Dr First
04.2020 - 07.2022
Senior Project Accountant
ACA Compliance Group
05.2018 - 04.2020
Revenue Accountant
Teaching Strategies
03.2017 - 05.2018
Senior Revenue Accountant/Analyst
CIENA Corporation
07.2014 - 03.2017
Revenue Accountant/Analyst
CIENA Corporation
07.2010 - 07.2014
University of Phoenix
Bachelor of Science from Accounting
University of Maryland (UMGC)
Master of Science from Accounting & Information Technology
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