Revenue Assurance Specialist

Our world is transforming, and PTC is leading the way. Our software brings the physical and digital worlds together, enabling companies to improve operations, create better products, and empower people in all aspects of their business. 

Our people make all the difference in our success. Today, we are a global team of nearly 7,000 and our main objective is to create opportunities for our team members to explore, learn, and grow – all while seeing their ideas come to life and celebrating the differences that make us who we are and the work we do possible.  

Revenue Assurance Specialist

USA-Boston

The successful candidate will be a key contributor to many departmental goals/objectives and lead multiple projects impacting PTC’s worldwide finance community. You will have the opportunity to interface across multiple functional organizations outside of the revenue team, as well as will work closely with colleagues across the broader revenue team to understand both revenue recognition complexities and various financial analyses. Ideal candidates will be action-oriented and enjoy a fast-paced atmosphere where ability to multi-task and strong analytical and collaboration skills are a must.  

PTC is undergoing a transformation to transition our business into a best in class subscription company with cloud-based and on-premise offerings. The Revenue Assurance team is responsible for navigating the complexities associated with our transition to a new business model, the adoption of new regulatory rules and the revenue impact, ensuring that our systems recognize revenue properly and the accounting treatment is in accordance with US GAAP.  We are a highly motivated, high performing multi-national organization with team members in the US, Europe and Asia.

Day-To-Day:

• Perform contract reviews for revenue related contracts to determine appropriate accounting treatment under ASC606 and document conclusions 
• Review, recalculate, and analyze the accounting of revenue contracts in the revenue accounting automation system and communicate any required adjustments and/or revenue judgements to the Revenue Accounting team
• Interact with Deal Desk, Legal, Operations and Sales during contract negotiations/non-standard deal modeling gaining an understanding of the deal structure and identify facts that might impact revenue recognition and reporting.
• Assist in updating internal revenue policies and procedures and ensure procedures are followed in compliance with the Company’s SOX controls
• Coordinate and/or review and respond to internal and external audit queries for corporate quarterly and annual audits to ensure auditors are receiving required information in an accurate and timely manner.  
• Clarify operating procedures and help drive process improvement initiatives
• Assist in the compilation of various financial statement disclosures

Preferred Skills and Knowledge:

• Understanding of general accounting principles and standards (knowledge of ASC 606 software revenue recognition preferred)
• Ability to research accounting guidance and apply to new business offerings
• Ability to work in a fast-paced environment and meet deadlines
• Intellectual curiosity and creativity
• Ability to analyze and interpret data sets
• Strong attention to detail, time management, organization and communication skills
• Excellent communication skills: able to clearly communicate information in an easy to understand manner; able to deliver message effectively verbally and in writing
• Demonstrated business acumen and ability to deal with ambiguity and understanding PTC’s business drivers

Basic Qualifications:

• Bachelor’s degree in Accounting or Finance
• 1-4 years of experience in accounting, finance or related field (Public Accounting firm experience a plus)

PTC carefully considers a wide variety  of factors when determining compensation. The anticipated annual salary range for this position is between $70,000 - $88,000. The salary range reflects a good-faith estimate of compensation at the time of posting. Actual compensation may vary based on a candidate's skills, qualifications, experience, and location. Additionally, candidates may be eligible for a performance-based bonus.  Employees also have the opportunity to become a PTC shareholder through our employee share purchase program (ESPP), which allows for the purchase of