Revenue Recognition Analyst

Duties & Responsibilities:

• Review customer contracts for proper revenue recognition in accordance with company policy and accounting standards – (ASC606/842)
• Ability to research and discuss complex revenue recognition issues
• Collaborate with Contracts and Sales teams during contract draft/proposal stage to identify any accounting and financial impacts
• Assist with aligning internal controls to developments in the business for changes in operations as needed (new revenue stream, organizational alignment, etc.)
• Manage specific accruals related to revenue acceleration / deferral related to performance obligations under 606/842
• Identify and implement continuous improvement initiatives to improve and automate revenue accounting processes
• Perform monthly and quarterly revenue accounting close procedures relating to revenue, deferred revenue, and accounts receivable including journal entry preparation, posting, account reconciliation, analysis and reporting
• Review, maintain records and ensure timely booking of accruals for sales rebates, commission and special contract arrangements (sensor reductions, coupons, promotions…)
• Work closely with FP&A and Sales Ops to forecast and follow up fulfillment of contracts
• Assist management with SOX and Financial Audits

Minimum & Preferred Qualifications and Experience:

Minimum Qualifications:

• Minimum three to five years of related Financial Analysis and Accounting Experience
• Strong knowledge of technical GAAP, specifically revenue recognition is an asset.
• Strong communication skills - including ability to drive discussions at different level of the organization.
• Strong spreadsheet and database management skills;
• Must be proficient with MS Office Suite (e.g. Outlook, Word)
• Strong analytical skills;
• Self-motivated, pro-active, detail oriented and ability to multitask.
• Ability to identify inherent risks and propose areas for improvements on existing and new processes
• A solid understanding of the concepts of internal control design and operational effectiveness

Education:

• Master’s / Bachelor’s Degree in Finance or Accounting or equivalent