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Manager, Revenue Recognition

2 months ago

Waterloo, Canada OpenText Full time
Manager, Revenue Recognition

Waterloo, ON, CA

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.

Working at OpenText is more than just a job; it’s a chance to make a difference. Every day, in every department, uniquely interesting work takes place. OpenText is a forerunner in providing enterprise AI and business intelligence. Our solution allows millions of developers to create solutions to help enterprises gain greater automation, insights, and efficiencies at scale.

Work with a talented and diverse team developing product lines and involvement with partners, technology and professional services.

Your Impact:

You are focused on providing a range of revenue recognition financial support to sales, corporate finance and corporate senior management teams. Your input encompasses OpenText’s policies and compliance related to Software Revenue Recognition ASC 606. Your ability to seamlessly interface with both the internal and external audit, Deal Desk and sales teams globally is paramount to your success.

What the Role Offers:

  • Being THE internal revenue recognition expert and resource available to finance and operational groups globally.
  • Ensuring full compliance with ASC 606, US GAAP and internal policies and procedures relating to revenue recognition and reporting including advice to operational staff throughout the sales cycle, reviewing finalized sales contracts and recommending appropriate accounting treatment.
  • Prepare audit paperwork, written summaries for large license sales and participate in quarterly contract review of all license sales with external audit team.
  • Supervise Revenue Recognition staff.
  • Timely escalation of all unresolved issues.
  • Conduct training sessions for sales and finance staff.
  • Update and keep current the OpenText Revenue Recognition policy.
  • Collaborate with counterparts in the OpenText “Deal Desk” to ensure adherence to US GAAP revenue recognition rules.
  • Special projects and ad hoc reporting/analysis as required.
  • 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).
  • 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.

One Last Thing:

OpenText is more than just a corporation, it's a global community where trust is foundational, the bar is raised, and outcomes are owned. Join us on our mission to drive positive change through privacy, technology, and collaboration. At OpenText, we don't just have a culture; we have character. Choose us because you want to be part of a company that embraces innovation and empowers its employees to make a difference.

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.

OPENTEXT - THE INFORMATION COMPANY
We believe that our values are the compass that steers us in the right direction and helps us stay true to our mission. These values will not only guide our everyday decisions but also influence our strategic direction and the way we work. They reflect who we are as individuals and as a collective force, uniting us in our shared purpose.

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