Lead Revenue Recognition Specialist
1 month ago
OpenText
As a global leader in information management, OpenText fosters a culture of innovation, creativity, and collaboration. This role offers the opportunity to partner with top companies, tackle complex issues, and contribute to projects shaping the future of digital transformation.
Your Impact
As a Lead Revenue Recognition Analyst at OpenText, you will ensure global cloud revenue recognition aligns with ASC 606 compliance and meets internal and external reporting commitments. This role involves collaborating with cross-functional teams, driving consistent revenue recognition policies, and shaping critical financial outcomes.
Key Responsibilities
- Review contracts to ensure revenue recognition complies with ASC 606 standards.
- Calculate Percentage of Completion (POC) revenue on professional services engagements for compliance and accuracy.
- Lead month-end and quarter-end close activities, focusing on timely revenue recognition.
- Prepare journal entries, including SSP allocations, ensuring adherence to company policies.
- Maintain deferred revenue schedules for assigned entities to ensure accurate financial reporting.
- Collaborate with Billing Operations and Finance to research and resolve 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.
- 3-5 years of experience in finance and/or accounting, with a focus on Revenue Recognition (ASC 606) preferred.
- 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.
- Excellent interpersonal skills, with a team-player mentality.
- A proactive approach to problem-solving and process improvement.
- Strong work ethic, attention to detail, and a commitment to follow-through.
Make a Meaningful Impact
This role offers the chance to drive compliance and financial accuracy across global revenue recognition processes. Join OpenText and contribute to shaping how we report and manage revenue
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.com.
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