Revenue Recognition Senior Specialist

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*Please note: This role can be based in the UK or the Czech Republic. Both locations will require a valid right to work, visa sponsorhip is not available*

 

What you'll do

The Revenue Recognition Senior Specialist for the UK Market Unit acts as business partner, supporting the Field / Business by providing revenue recognition guidance and advice in order to (i) maximize the revenue recognized, and (ii) enable corrective actions before deal closure and is responsible to secure compliance to revenue recognition standards (SAP internal revenue recognition policies and International Accounting standards).

As a business partner, the senior revenue recognition specialist takes an active part in the structuring and engineering of commercial proposals and contractual documents, in advance of deal closing. In order to ensure excellent business support, he/she is embedded in a three-tier revenue recognition community model, and receives support from regional revenue recognition expert (2nd level) and if needed from Corporate Financial Reporting (3rd level).

The senior revenue recognition specialist is responsible for keeping up to date with revenue recognition policies rolled out by SAP Corporate and for spreading appropriate basic knowledge on revenue recognition matters into the business and other Deal Support functions.

 

Expectations and Tasks:

• Support the field in structuring commercial proposals and contractual documents, especially during quarter-end periods;
• Enforce compliance to SAP Group revenue recognition policies and internal accounting standards;
• Actively communicate and interact with the field and other finance department to ensure alignment on revenue recognition issues (e.g. : to ensure revenue forecast accuracy);
• Review and approve the “Deal Approval Forms” and consulting quotations summarizing the terms and conditions of commercial proposals and/or contracts in advance of release to customers;
• Align with regional revenue recognition team and SAP Corporate functions as appropriate;
• Is responsible to review the software, cloud and maintenance contracts to ensure the transactions are accurately accounted for, especially with respect to allocation of revenue in various categories (services, license, etc.) and timing of recognition;
• Prepare accounting memorandums on complex and large transactions as appropriate;
• Identify month-end revenue adjustments and ensure the proper accounting of revenue using the internal revenue accounting tools
• Act as a first point of contact on the revenue recognition matters with internal and external auditors;
• Deliver regular training sessions to spread basic revenue recognition knowledge into the field;

What you bring

• The role requires the candidate to be fluent in English
• Business School diploma or university degree in business administration with special topics in finance and accounting / auditing;
• Experience in software revenue recognition is required; knowledge of SAP systems and specificities is a strong plus
• Thorough understanding of IFRS15 accounting rules, specifically with the specifics of cloud and software;
• Knowledge of basic legal concepts
• Ability to interact and communicate with various stakeholders (sales, operations, finance community, auditors, etc.);
• Strong communication skills, ability to articulate point of view in a clear and assertive fashion;
• Ability to focus on the overall picture, solve problems and provide operational and decision support;

Meet your team

• The position reports to the Head of MEE EMEA Revenue Recognition Cluster 2 with a strong dotted line into the local Chief Finance Officer of the MU. The role is part of the larger Global Commercial Finance Organization.

 

 

We build breakthroughs together

SAP innovations help more than 400,000 customers worldwide work together more efficiently and use business insight more effectively. Originally known for leadership in enterprise resource planning (ERP) software, SAP has evolved to become a market leader in end-to-end business application software and related services for database, analytics, intelligent technologies, and expe