Job Summary: We are seeking a highly skilled and detail-oriented Specialist - Revenue Accounting to ensure accurate recording, reporting, and analysis of the company’s revenue in accordance with accounting standards (ASC 606 / IFRS 15). This role involves managing the end-to-end revenue recognition process, reconciling deferred revenue, preparing journal entries, and supporting monthly and quarterly close activities.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.
Job Title
Specialist Revenue Accounting