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Revenue Accountant

7 days ago

Dubai, Dubai, United Arab Emirates Canonical Full time
Roles and responsibilities
  • Assist in the month endreporting process to deliver timely and accurateinformation
  • Have full responsibility for a partof the revenue recognition process relevant to yourstrengths
  • Assist with the year end auditprocess and statutory reporting
  • Support thefinance team's wider plans to prepare for anIPO
  • Improve the efficiency of financialprocesses and procedures and monitorcompliance
  • Share knowledge between team membersto ensure cover is available whenneeded
  • Actively develop your own skills toensure current knowledge of applicable standards andregulations
  • Establish strong relationships withkey colleagues outside the wider finance team

What we are looking for inyou

  • Exceptional academictrack record and subsequent careerperformance
  • Bachelor's degree inAccounting or equivalent
  • Qualified accountant(ACCA, ACA, ACMA, CPA, etc.)
  • IFRS 15/ASC 606revenue recognition experience
  • Experience at alarge public accounting firm, or public multinational corporateaccounting department preferred
  • NetSuite orsimilar systems experience a plus
  • Willingnessto travel up to four times per year

  • 1.TechnicalSkills

  • AccountingStandards : Strong knowledge of revenue recognitionprinciples, especially ASC 606 (Revenue from Contracts withCustomers) or IFRS 15.
  • FinancialSoftware : Proficiency with financial and accountingsoftware (e.g., SAP, Oracle, NetSuite, Microsoft Dynamics) andstrong Excel skills for preparing reports andanalysis.
  • ERPSystems : Familiarity with enterprise resourceplanning (ERP) systems and accounting automation tools that supportrevenue recognition.
  • AccountingSoftware Integration : Understanding how differentfinancial systems integrate to ensure accurate and timely revenuereporting.

  • 2. AnalyticalSkills

  • FinancialAnalysis : Strong analytical abilities to reviewrevenue trends, variance analysis, and identify the causes ofdiscrepancies orinconsistencies.
  • Attention toDetail : Precision in reviewing contracts,agreements, and transactions to ensure accurate revenuerecognition.

  • 3.Problem-SolvingSkills

  • DiscrepancyResolution : Ability to investigate and resolvediscrepancies in revenue recognition or transactions, ensuring thatfinancial statements areaccurate.
  • ProcessOptimization : Identifying inefficiencies in currentrevenue recognition processes and suggesting improvements orautomation.

  • 4.CommunicationSkills

  • Cross-FunctionalCollaboration : Ability to communicate effectivelywith other departments, such as sales, legal, and operations, toensure proper recognition ofrevenue.
  • Reporting :Ability to prepare clear and concise reports and present findingsto management and auditors.

  • 5.OrganizationalSkills

  • TimeManagement : Ability to manage multiple priorities,meet deadlines, and contribute to the timely monthly or quarterlycloseprocess.
  • Documentation :Excellent documentation skills for tracking revenue recognition andmaintaining comprehensive records.
Desired candidate profile

A RevenueAccountant is responsible for ensuring that acompany's revenue is recognized accurately and incompliance with accounting standards, regulations, and companypolicies. This role plays a key part in managing the financialreporting of revenue, ensuring that all transactions are properlyrecorded, and helping to interpret the financial performance of thecompany related to revenue.

KeyResponsibilities

1. RevenueRecognition

  • RevenueReporting : Ensure that revenue is recognized inaccordance with applicable accounting standards (e.g., IFRS, GAAP),and ensure the company complies with revenue recognition rules suchas ASC 606 or IFRS 15.
  • AccurateDocumentation : Maintain and update thecompany's revenue recognition policies and processes toensure they comply with the latest accounting standards andregulations.
  • ContractReview : Review contracts, agreements, and otherdocumentation related to customer transactions to ensure thatrevenue is recognized correctly (e.g., identifying performanceobligations, paymentterms).
  • RevenueAllocation : Allocate revenue based on specificcontract terms, such as recognizing revenue for goods delivered,services performed, or subscriptionperiods.

2.Reconciliations and AccountMaintenance

  • BalanceSheet Reconciliation : Perform regularreconciliations of revenue-related accounts (e.g., deferredrevenue, accounts receivable) and ensure proper accountingtreatment for alltransactions.
  • Monthly/QuarterlyClose : Assist in the monthly and quarterly financialclose process, ensuring that all revenue is correctly recorded andaccounted for in the financialstatements.
  • JournalEntries : Prepare journal entries related to revenuerecognition, ensuring that all revenue entries are accurate andproperly documented.

3.FinancialReporting

  • RevenueAnalysis : Analyze revenue trends and provideinsights to management, ensuring that revenue is recognized in thecorrect period and supporting accurate financialreporting.
  • VarianceAnalysis : Identify and explain any variances betweenactual revenue and forecasted revenue, collaborating with otherdepartments (e.g., sales, finance) to understand the reasons behindthese discrepancies.
  • AuditSupport : Support internal and external audits byproviding necessary documentation, reports, and explanationsrelated to revenue recognition and revenuetransactions.
  • ManagementReporting : Prepare and present revenue-relatedreports and analysis for senior management, helping to trackperformance and forecast future revenuestreams.

4. Complianceand InternalControls

  • RegulatoryCompliance : Ensure compliance with local, state, andfederal regulations related to revenue recognition, tax reporting,and financial disclosures.
  • SOXCompliance : Support compliance with Sarbanes-Oxley(SOX) requirements by ensuring that internal controls aroundrevenue recognition are in place andeffective.
  • Policies andProcedures : Contribute to the development,documentation, and continuous improvement of internal policies andprocedures regarding revenue recognition andreporting.
Key Skills
CostAccounting,Accounting Topics,Tax Accounting
Employment Type : Full-time
Department / Functional Area: Accounting
Experience: years
Gender: Male
Vacancy: 1