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The Revenue Recognition Senior Specialist is responsible for leading and supporting Revenue Recognition functions in Germany. This position requires a dynamic individual with the ability to partner with the sales organization and the German Commercial Finance team members to ensure the Cloud, Software and Professional Services contracts are accounted for properly in accordance with IFRS. The Revenue Recognition Center of Excellence member reports to the Head of Revenue Recognition in Germany and is a member of the GCF Global Revenue Recognition Center of Excellence.
RESPONSIBILITIES:
Enforce compliance to SAP Group revenue recognition policies and internal accounting standards in SAP’s Revenue Accounting and Reporting tool (RAR).
Perform controls and procedures related to the monthly close reviewing contracts to ensure they are accounted for properly in RAR, especially with respect to allocation of revenue in various revenue lines (services, license, etc.) and timing of recognition. Follow best practices in the area of monthly close. Understand changes in business and regulatory environments to ensure compliance.
Ensure accurate booking of transaction in RAR and associated reporting of key KPI (CCB/TCB).
Serve as the go-to expert for complex revenue recognition issues and critical non-routine transactions, offering alternative and simpler solutions and optimizing transaction setups in line with SAP’s Revenue Recognition Guideline and IFRS 15 policies.
Collaborate closely with Market Unit Commercial Finance, Sales, Pricing, Field & Services Controlling and Legal to support complex deals.
Engage with Corporate Financial Reporting and other global stakeholders to drive solutions to challenging revenue recognition topics.
Ensure SOX control adherence and participate in review activities during the month end closing.
Professionally engage with external auditors during quarterly reviews and annual audits.
QUALIFICATIONS:
Bachelor’s/Master’s degree in Finance and Accounting or similar
Working experience with Big 4 public accounting experience or CPA certification considered a plus
Willingness to develop a strong understanding of IFRS 15
Prior experience inRecord to Report (R2R), particularly within Professional Services, is a plus for maximizing the value of RAR expertise
Problem solver with confidently affirmative attitude, critical thinking, and excellent communication skills
Ability to manage multiple tasks, meet deadlines, and perform under time pressure
Team player who is proactive and self-driven
Excellent English skills are required
Yearly bonuses, sick days paid and sick leaves fully refunded, flexible start/end of working hours, contributions to the pension/life insurance, meal vouchers, holidays 5 weeks, educational courses, coaching and mentoring opportunities, free massage, cafeteria plan, free fitness studio, generous shares program, etc.
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