Revenue Recognition Expert
1 month ago
About the Role
The Revenue Recognition Analyst plays a critical role in ensuring the accurate and timely recognition of revenue for OpenText. This position is responsible for monitoring, maintaining, and performing the global revenue recognition process, including reviewing contracts, applying and advising on revenue recognition principles, and dealing with deferred income and prepayments.
Key Responsibilities
- Provide leadership and development of revenue recognition rules and policies
- Ensure full compliance with ASC 606, US GAAP, and internal policies and procedures relating to revenue recognition and reporting
- Prepare audit paperwork and support the quarterly contract review of all license sales with external audit teams
- Escalate unresolved revenue recognition issues in a timely manner
- Conduct training sessions for sales and finance teams on revenue recognition policies and procedures
- Work closely with the Deal Desk to ensure adherence to US GAAP revenue recognition rules
- Prepare SSP studies and special projects as required
- Participate in the detailed global license sales review process
- Assist with SOX compliance
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) preferred
- Strong interpersonal skills with a customer orientation
- 4 to 6 years of experience in Revenue Recognition
- Advanced communication skills
- Software industry experience would be a definite asset
- Ability to interact well at 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
- Organized with an ability to balance multiple projects in a fast-paced environment
- Ability to work independently as well as in a team environment
About OpenText
OpenText is a global leader in information management, where innovation, creativity, and collaboration are the key components of our corporate culture. Our Employment Equity and Diversity Policy provides direction on maintaining a working environment that is inclusive of everyone, regardless of culture, national origin, race, color, gender, gender identification, sexual orientation, family status, age, veteran status, disability, religion, or other basis protected by applicable laws.
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. Our proactive approach fosters collaboration, innovation, and personal growth, enriching OpenText's vibrant workplace.
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