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Manager, Revenue Recognition

2 months ago

Kitchener, Ontario, Canada opentext Full time

Job Title: Revenue Recognition Expert

Join OpenText, a global leader in information management, as a Revenue Recognition Expert and contribute to shaping the future of digital transformation.

As a key member of our team, you will partner with top companies worldwide, tackle complex issues, and drive business growth through financial expertise.

Your Impact:

You will provide critical financial support to sales, corporate finance, and senior management teams, ensuring compliance with ASC 606 and internal policies.

Your expertise will be essential in interfacing with internal and external audit teams, Deal Desk, and sales teams globally.

Key Responsibilities:

  • Ensure full compliance with ASC 606, US GAAP, and internal policies and procedures relating to revenue recognition and reporting.
  • Prepare audit paperwork, written summaries for large license sales, and participate in quarterly contract reviews with external audit teams.
  • Supervise Revenue Recognition staff and timely escalate unresolved issues.
  • Conduct training sessions for sales and finance staff on revenue recognition policies and procedures.
  • Update and maintain the OpenText Revenue Recognition policy.
  • Collaborate with counterparts in the OpenText "Deal Desk" to ensure adherence to US GAAP revenue recognition rules.
  • Review SSP studies and assist with SOX compliance.
  • Participate in special projects and ad hoc reporting/analysis as required.

Requirements:

  • 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).
  • Several years of leadership/management of teams experience.
  • Exceptional written communication skills.
  • Software industry experience.
  • Exceptional relationship building skills with 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.
  • SAP and RAR experience.

About OpenText:

OpenText is a global community where trust is foundational, the bar is raised, and outcomes are owned. We're a company that embraces innovation and empowers our employees to make a difference.

We're committed to building an inclusive work environment that values diversity, equity, and inclusion. Our Employment Equity and Diversity Policy provides direction on maintaining a working environment that is inclusive of everyone.