Revenue Recognition Lead

1 month ago

Richmond Hill, Ontario, Canada OpenText Full time
Revenue Recognition Lead at OpenText

As a Revenue Recognition Lead at OpenText, you will play a critical role in ensuring global cloud revenue recognition activities align with ASC 606 compliance and meet all internal and external reporting commitments. This role offers the opportunity to collaborate closely with cross-functional teams such as Billing Operations, Sales, and Deal Desk, driving consistent application of revenue recognition policies.

Key Responsibilities:
  • Review contracts and ensure revenue is recognized in compliance with ASC 606 standards.
  • Calculate Percentage of Completion (POC) revenue on professional services engagements to ensure compliance and accuracy.
  • Prepare journal entries, including SSP allocations, ensuring adherence to company policies.
  • Collaborate with Billing Operations and Finance to research and resolve any revenue fluctuations.
  • Prepare GL account reconciliations and support SOX testing, ensuring compliance.
  • Manage internal and external audit requirements, preparing materials and responding to inquiries as needed.
  • Engage in ad-hoc projects, conducting analysis to answer business questions and drive improvements in revenue recognition processes.
Requirements:
  • Bachelor's Degree in Accounting, Finance, or a related field.
  • Experience in the technology, software, or cloud sectors is an asset.
  • Strong data analysis skills with proficiency in Microsoft Excel.
  • Experience working with SAP and Salesforce (SFDC) is a plus.

OpenText's commitment to diversity and inclusion surpasses legal requirements, evident in our Equal Employment Opportunity Statement of Policy which promotes a respectful and empowering environment for employees of all backgrounds. 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.

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