Specialist Revenue Accounting

Job Summary:

Key Responsibilities:

• Ensure revenue is recognized in accordance with accounting standards (e.g., GAAP, IFRS).
• Review and validate sales order details to ensure all transactions are properly recorded.
• Reconcile accounts related to revenue, including accounts receivable, deferred revenue, and unearned revenue.
• Investigate and resolve discrepancies between the revenue data and accounting records.
• Prepare and post journal entries related to revenue, including accruals, adjustments, and corrections.
• Review any manual adjustments made to revenue accounts and ensure they are justified.
• Generate monthly revenue close reports, including revenue forecasts, actuals, and variances.
• Provide detailed revenue reports for internal stakeholders and management.
• Collaborate with the finance and accounting teams to prepare financial statements.
• Work closely with Finance Controller team to ensure accurate revenue reporting.
• Address any queries related to revenue and provide insights for internal audits.
• Ensure compliance with company policies, industry regulations, and accounting standards.
• Maintain proper documentation of the revenue close process for audit purposes.
• Identify areas for improvement in the month-end close process to increase efficiency.
• Recommend and implement best practices for revenue recognition and reporting.
• Investigate and resolve any issues or discrepancies related to revenue reporting or billing.
• Provide necessary support during internal or external audits, particularly around revenue-related transactions.

General Skills:

• Strong knowledge and understanding of financial principles, practices, compliance and regulations.
• Excellent analytical and problem-solving skills, with the ability to interpret and analyse complex financial data.
• Exceptional attention to detail and accuracy in financial reporting and analysis.
• Excellent communication and presentation skills, with the ability to effectively communicate complex financial information to non-financial stakeholders.
• Strong organizational and time-management skills, with the ability to prioritize and meet deadlines.
• Proven ability to work independently and as part of a team, with strong collaboration and interpersonal skills.
• Strong understanding of financial forecasting and budgeting techniques.
• Attention to detail, strong analytical skills, and an understanding of accounting principles.
• Experience with ERP software and systems, such as QuickBook, SAP, Oracle, NetSuite etc.
• Prior knowledge of MS Dynamics is a plus.
• Proficiency in technical tools like MS Excel, MS Word and PowerPoint.

Prior Experience:

• 6-8 years of working experience in month end revenue close.
• Familiarity with ASC-606 or IFRS-15.
• Solid knowledge of financial software and systems.
• Demonstrated experience in developing and managing financial analysis, and financial reporting.

Qualifications:

• Bachelor's degree in finance, accounting, or a related field. A master's degree in finance or business administration is preferred.
• Inter-CA or CA will be a plus.
• CPA (Certified Public Accountant) or CMA (Certified Management Accountant) certification is highly preferred.