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General Information

Job Title
Revenue Recognition, Manager
Job ID
6325
Country
India
City
Bangalore
Date Posted
11-Sep-2024
Job Category
Finance
Job Subcategory
Revenue Recognition
Hire Type
Employee
Remote Eligible
No

Descriptions & Requirements

Job Description and Requirements
Revenue Accounting and 606 experience
-Problem solver, proactive, drives improvement of processes/procedures
-Industry experience a plus, but not required
-ERP system, SAP experience a plus

About the role:
As a Revenue Accounting Manager at Synopsys, you will be a member of a dynamic, highly-collaborative international Revenue Team. You'll work closely with our Order Management and Revenue Recognition teams, advising on order booking and recognition of revenue under ASC 606. You’ll advise on revenue accounting for a large variety of deals which will allow for international collaboration, continuous learning, and problem solving.
The ideal candidate for this role has 10+ years of experience with revenue accounting, incl. experience with the implementation and/or application of ASC 606 in day-to-day revenue accounting. Also, the ideal candidate is experienced in the administration of complex deals and the related revenue in a Company’s ERP system and/or Revenue Accounting module.
Position reports to the Sr. Director of Revenue Recognition and close collaboration planning with US Revenue Accounting team.

What you will do:
  • Oversee entry of new contracts and revisions to existing contracts, incl. multi-million combined deals, to ensure appropriate processing of accounting entries
  • Review revenue recognition schedules in SAP RAR to ensure accuracy
  • Manage contract validations, incl. selection and validation process, under close collaboration with the Order Management and Revenue Recognition teams
  • Monitor the consistent application of Synopsys’ revenue accounting and reporting policies
  • Drive initiatives to improve, standardize and automate revenue accounting processes and establish best practices and take a lead role in revenue accounting projects including coordination with Billing team.
  • Review key revenue-related measures incl. order backlog and deferred revenue periodically and analyze key trends
  • Manage the weekly Global Revenue and Deferred Revenue swift analysis and provide timely support to Revenue forecast team.
  • Assist Sr. Director of Revenue Recognition in the preparation of periodical reporting of orders, revenue and backlog developments for internal and external reporting purposes 
  • Assist in managing internal control documentation and testing for revenue accounting processes
  • Work closely with Synopsys’ auditors to facilitate quarterly audit of revenue and oversee the preparation of analyses and schedules in support of the quarterly audit
  • Drive ongoing training with cross-functional organizations on revenue accounting matters such as contract validation and revenue accounting close process


What we are looking for:
  • Bachelor’s Degree in Accounting or Finance required
  • Requires a minimum of ten years of relevant revenue accounting experience
  • Requires knowledge of US GAAP accounting principles and procedures, incl. ASC 606
  • Experience in administration of complex deals in a Company’s ERP system and/or Revenue Accounting module in a Public Company environment
  • Industry experience is a plus, but not required
  • Excellent leadership, teaming and interpersonal skills
  • Strong communication skills and ability to collaborate across teams and on an international level
  • Proactive attitude to improve processes and solve problems with a hands-on mindset
  • Highly motivated and enthusiastic, able to thrive under pressure
  • Extensive knowledge of Excel
  • Strong written and oral communication skills

Inclusion and Diversity are important to us. Synopsys considers all applicants for employment without regard to race, color, religion, national origin, gender, sexual orientation, gender identity, age, military veteran status, or disability.