Senior Financial Analyst

3 weeks ago

Richmond Hill, Ontario, Canada OpenText Full time

Lead Revenue Recognition Analyst

Role Overview

As a Lead Revenue Recognition Analyst at OpenText, you will play a critical role in ensuring the accuracy and compliance of our global revenue recognition processes. This involves collaborating with cross-functional teams to drive consistent application of revenue recognition policies, shaping critical financial outcomes, and contributing to process improvements.

Key Responsibilities

  1. Review contracts and ensure revenue is recognized in compliance with ASC 606 standards.
  2. Calculate Percentage of Completion (POC) revenue on professional services engagements to ensure compliance and accuracy.
  3. Lead month-end and quarter-end close activities, focusing on timely revenue recognition.
  4. Prepare journal entries, including SSP allocations, ensuring adherence to company policies.
  5. Maintain deferred revenue schedules for assigned entities to ensure accurate financial reporting.
  6. Collaborate with Billing Operations and Finance to research and resolve any revenue fluctuations.
  7. Prepare GL account reconciliations and support SOX testing, ensuring compliance.
  8. Manage internal and external audit requirements, preparing materials and responding to inquiries as needed.
  9. Engage in ad-hoc projects, conducting analysis to answer business questions and drive improvements in revenue recognition processes.

Requirements

  1. Bachelor's Degree in Accounting, Finance, or a related field.
  2. 3-5 years of experience in finance and/or accounting, with a focus on Revenue Recognition (ASC 606) preferred.
  3. Experience in the technology, software, or cloud sectors is an asset.
  4. Strong data analysis skills with proficiency in Microsoft Excel.
  5. Experience working with SAP and Salesforce (SFDC) is a plus.
  6. Excellent interpersonal skills, with a team-player mentality.
  7. A proactive approach to problem-solving and process improvement.
  8. Strong work ethic, attention to detail, and a commitment to follow-through.

About 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.

What We Offer

This role offers you the chance to make a meaningful impact by driving compliance and financial accuracy across our global revenue recognition processes. Join us, and take the lead in 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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