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Lead Revenue Recognition Analyst

1 month ago

Mississauga, Canada OpenText Full time

OPENTEXT
OpenText is a global leader in information management, where innovation, creativity, and collaboration are the key components of our corporate culture. As a member of our team, you will have the opportunity to partner with the most highly regarded companies in the world, tackle complex issues, and contribute to projects that shape the future of digital transformation.

YOUR IMPACT

The position is an experienced finance role working within the Revenue Recognition team. The team focusses on monitoring, maintaining and performing the global revenue recognition process for the company. This includes reviewing contracts, applying and advising on revenue recognition principles, and dealing with deferred income and prepayments.

A Revenue Recognition Analyst provides leadership, development and consistent application of revenue recognition rules, focused on providing a range of revenue recognition financial support to the sales force, corporate finance staff and corporate senior management teams. The position plays a key role that encompasses OpenText's policies and compliance related to Software Revenue Recognition ASC 606. The incumbent will also interface with both the internal and external audit teams and will work very closely with the Deal Desk and sales teams globally.

WHAT THE ROLE OFFERS

  • Responsible to be an internal revenue recognition expert and resource available to finance and operational groups globally
  • Ensure full compliance with ASC 606, US GAAP and internal policies and procedures relating to revenue recognition and reporting, including providing advice to operational staff on potential revenue recognition issues throughout the sales cycle and reviewing finalized sales contracts and recommending appropriate accounting treatment
  • Prepare audit paperwork (including written summaries for large license sales) and support the quarterly contract review of all license sales with external audit team
  • Timely escalation of all unresolved revenue recognition issues
  • Conduct training sessions for sales and finance relative to revenue recognition policies and procedures
  • Work closely and collaboratively with counterparts in the OpenText "Deal Desk" to ensure adherence to US GAAP revenue recognition rules
  • Prepare SSP studies
  • Special projects and ad hoc reporting/analysis as required
  • Participate in the detailed global license sales review process
  • Assist with SOX compliance

    WHAT YOU NEED TO SUCCEED

    • Accounting related university degree and a CA/CMA/ US CPA designation
    • Strong understanding of US GAAP Revenue Recognition rules
    • Knowledge or experience with new revenue recognition rules (Topic 606) preferred
    • Strong interpersonal skills with a customer orientation
    • 4 to 6 years of experience in Revenue Recognition
    • Advanced communication skills
    • Software industry experience would be a definite asset
    • Ability to interact well at senior management and executive levels
    • Ability to assess business risk and suggest alternatives to sales managers
    • Attention to detail and adherence to SOX processes essential
    • Organized with an ability to balance multiple projects in a fast paced environment
    • Ability to work independently as well as in a team environment

      OpenText's efforts to build an inclusive work environment go beyond simply complying with applicable laws. Our Employment Equity and Diversity Policy provides direction on maintaining a working environment that is inclusive of everyone, regardless of culture, national origin, race, color, gender, gender identification, sexual orientation, family status, age, veteran status, disability, religion, or other basis protected by applicable laws.

      If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please contact us at hr@opentext.com. Our proactive approach fosters collaboration, innovation, and personal growth, enriching OpenText's vibrant workplace.