Revenue Recognition Analyst

2 days ago

Waterloo, Canada Open Text Corporation Full time

**Req id**:27252- Waterloo, ON, CA
- Richmond Hill, ON, CA**OPENTEXT - THE INFORMATION COMPANY**

As the Information Company, our mission at OpenText is to create software solutions and deliver services that redefine the future of digital. Be part of a winning team that leads the way in Enterprise Information Management.**OPENTEXT + THE FINANCE ACADEMY**:

- The Finance Academy is designed to place recent grads into different areas of OpenText’s Finance ecosystem and develop future leaders. We are looking for passionate, bright, and curious individuals who are eager to take the lead and dive into full time opportunities in Financial Planning & Analysis, Corporate Treasury, Digital Business Services, Global Tax, Internal Audit and Corporate Accounting (CPA Rotational opportunity). The Financial Analyst opportunity is a part of our Financial Planning & Analysis team.**THE OPPORTUNITY**:
**WHAT YOU ARE GREAT AT**:

- Review contracts to ensure revenue is recognized in compliance with ASC 606
- Calculate POC revenue on professional services engagements
- Perform the month-end/quarter-end close activities related to revenue recognition
- Prepare journal entries including SSP allocation in compliance with our policy
- Maintain deferred revenue schedules for assigned entities
- Partner with Billing Operations and Finance to research and resolve revenue fluctuations
- Prepare GL account reconciliations
- Participate in SOX testing as needed
- Prepare materials for internal and external audit requirements and respond to audit inquiries
- Ad hoc projects and analysis to answer business questions and opportunities
- Continuous improvement mindset to identify improved revenue recognition processes

**WHAT IT TAKES TO BE SUCCESSFUL**:

- Knowledge of US GAAP / Revenue Recognition ASC 606 is an asset
- Experience working in software and cloud technology related businesses is an asset
- Excellent data analysis skills
- Excellent Microsoft Excel skills
- Experience working with SAP and SFDC is an asset
- Team player with good interpersonal skills
- Proactive approach to problem solving
- Strong work ethic and follow-through
- Detail oriented- Subject to applicable laws and regulations, OpenText’s global vaccination policy requires all employees to be fully vaccinated against COVID-19 to enter an OpenText office. Accommodations may be available for specific roles.

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