Manager - Revenue Recognition/Assurance

Job Description

About IRIS Software IRIS Software Inc. is a professional software services organization that delivers high quality and cost effective solutions to businesses globally. Our customers include Fortune 100 businesses and mid-sized firms across Financial Services, Life Sciences, Logistics & Distribution and High Tech industries. We leverage best-of-breed technologies and flexible engagement models to deliver value for our customers’ businesses. We are a high growth setup with 4000+ people based out of our offices in India, US and Canada. We are strategic partners to over 25 of the Fortune 100 companies and our consistent strive to achieve the highest levels of customer satisfaction has translated into long-standing relationships and a preferred-partner status with many of our customers. Over the years, more than 90% of our customers have chosen to engage with us for repeat business. IRIS is a quality and security focused organization. We have been appraised at Level 5 of the CMMI Institute’s Capability Maturity Model (CMMI®) and have been certified to ISO 9001:2015. Our Information Security Management framework is aligned and certified to ISO 27001:2013 and SOC2 Type II. For more details visit us at https://www.irissoftware.com Job Title: Manager Revenue Assurance & Accounting Reporting: Senior Manager – Revenue Assurance Position Location: IRIS Software, Noida Office, Sector-142 Job Brief: Ensure accuracy & completeness of revenue accounting and customer billing. Understands practical aspects and application of IFRS / USGAAP. Track record of reducing reporting timelines. Ensure coordination with the team to achieve desired results with in timeline. Identify process weaknesses and propose adequate control mechanism. Key Accountabilities: Understands relevant clauses of Master Service Agreement (MSA) / Customer contract and their implication on Revenue recognition in line with the requirement of IFRS & USGAAP. Ensure accuracy and completeness of revenue accounting in line with customer contracts and applicable GAAP (Ind AS 115 / ASC 606) . Understand practical aspects and coordinate with operations to ensure correct revenue accounting as per accounting principles. Ensure ongoing validation of Master data in system used for revenue recognition and customer billing. Maintain accuracy & hygiene of revenue accrual process, track timely billing and escalate timely issues. Exposure to revenue model in IT Company is must. Understands the information flow of revenue transactions and concept of time sheet in IT companies. Ensure ongoing effectiveness of revenue assurance / control framework and minimizing exposure to revenue leakage. Communicate with the delivery team to seek clarifications / resolve issues required for accuracy, completeness and on-time revenue recognition. Coordinate with Finance team for month end closure activities, audit and other data requirements. Ensure appropriate documentation / data management relevant to revenue recognition and invoicing. Maintain revenue trackers to provide complete visibility and control over transactions. Understanding of revenue recognition module in ERP (Oracle / SAP) is preferable. Comfortable with advance excel skill, voluminous data management in excel, and preparation of adhoc revenue reporting requirements. Background in transformation from a legacy system to new accounting platform is a desirable qualification. Track record of having participated in cutting short the close timelines will be a huge plus. Key interactions: Director Finance CFO Delivery & Operations, Business managers/ leaders/ accounting managers/accounting head Auditors Skills & Knowledge: Educational qualifications: Chartered Accountant (Mandatory) Must haves: At least 5 –8 years of relevant work experience in revenue assurance & accounting preferably in IT Company. Understanding of financial statements, financial ratio analysis Quick learner. Excellent analytical & presentation skill High level of integrity and dependability with a strong sense of urgency and results-orientation MS Office – Advanced Excel and good Power point Good to have: 3 years of people management experience. Experience of Process automation Background in IT business ERP working knowledge Show more Show less