About FTI Consulting

FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 4,600 employees located in 28 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $1.81 billion in revenues during fiscal year 2017. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.

FTI Consulting continually strives to offer employees and eligible dependents, including domestic partners and eligible domestic partner children, a competitive and comprehensive benefits package. Please click here for more information.

FTI Consulting does not accept unsolicited resumes from external firms or agencies. FTI Consulting will not be responsible for placement fees associated with unsolicited resumes.

FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.

About Forensic & Litigation Consulting

The Forensic and Litigation Consulting practice at FTI Consulting provides multidisciplinary, independent dispute advisory, investigative, data acquisition/analysis and forensic accounting services to the global business and legal community. Our team supports clients facing high stakes litigation, arbitration and compliance investigations, and regulatory scrutiny.



Primary Duties

Support revenue recognition and management of client billed and unbilled receivables for both the Forensic & Litigation Consulting and Health Solutions operating segments, including contract review, coordination with practice leaders managing engagements, calculation of revenue recognition and other valuation adjustments and related general ledger accounting, account reconciliations and monthly reporting, primarily for the North America practices. This position will be located in the Washington DC metro area and is flexible. It will require occasional travel between McLean VA., DC and Bowie MD.

Revenue Recognition

• Rotate responsibility for daily review of new engagement contracts and approval for system flags to allow revenue recognition
• Investigate exception reporting for the Matter Review & Approval process to ensure all engagements are appropriately reviewed
• Manage engagement tracking and analytics tool, including reserve sub-ledger and documentation of revenue recognition considerations and judgments
• Establish and maintain revenue recognition analyses for significant fixed fee and capped arrangements through the life of each engagement, including coordination of engagement team input documenting progress against full fee scope
• Monitor and investigate significant billable Outside Contractor activity to ensure all related revenue and cost are recorded in the appropriate period
• Oversee monthly reconciliations of all accrued and deferred revenue accounts, including first review of reconciliations prepared by Accounting Associate

Accounts Receivable- Billed and Unbilled

• Coordinate monthly distribution of North America aged billed and unbilled receivable balances to engagement management personnel; evaluate feedback for required adjustments within the monthly close cycle
• Liaise with US Operations Lead to investigate aging billed and unbilled receivables, obtain status details from engagement managers and document conclusions regarding realization and collectability of all receivables
• Manage recording and reconciliation of all valuation reserves, including adjustment for in-period write off or collection
• Support preparation of monthly reporting package analyzing DSO statistics, bad debt expense and support for valuation reserves
• Participate in Financial Systems project teams developing new tools for financial and operational management of client engagements; support change in FLC procedures based on new tools and efficiencies
• Function as resource for process improvements and issue resolution for the North America Billing Shared Service Center handling outside contractor time entry and client invoice processing

Monthly Accounting Close

• Calculate and post assigned journal entries, prepare related account reconciliation files, and maintain checklist record of completion
• Other duties as directed by the FLC Controller

Operational Reporting

• Cross train to support weekly utilization reporting to practice management

Qualifications and Required Skills

• BS/BA in Accounting, CPA required. Minimum three to five years overall experience, with Big 4 or national public accounting firm and large company private accounting mix preferred
• Excellent working knowledge of PC and network environments and advanced knowledge of Excel required; experience with IBM Cognos TM1 or similar reporting software strongly preferred
• Strong and practical working knowledge of US GAAP accounting, including exposure to foreign currency transactions
• Excellent interpersonal and communication skills
• Proven ability to work as a team member in a fast-paced environment
• Detail-oriented and dependable

Position Classification: Exempt

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