Finance and Revenue Compliance Lead

IRIS a prominent IT company is looking to hire Manager Revenue AssuranceJob Description:Title: Manager Revenue Assurance Location: Noida (5days Onsite)Key Responsibilities: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.Educational qualifications:Bachelor’s Degree in Commerce Chartered Accountant with 5-6 years experience / CMA with 8-10 years experienceRelevant experience and skills: Must haves:At least 5 –8 years of work experience in revenue assurance & accounting preferably in IT Company. Understanding of financial statements, financial ratio analysis Quick learner. Excellent analytical & presentation skillHigh level of integrity and dependability with a strong sense of urgency and results-orientationMS Office – Advanced Excel and good Power point About Iris Software Inc.With 4,000+ associates and offices in India, U.S.A. and Canada, Iris Software delivers technology services and solutions that help clients complete fast, far-reaching digital transformations and achieve their business goals. A strategic partner to Fortune 500 and other top companies in financial services and many other industries, Iris provides a value-driven approach - a unique blend of highly-skilled specialists, software engineering expertise, cutting-edge technology, and flexible engagement models. High customer satisfaction has translated into long-standing relationships and preferred-partner status with many of our clients, who rely on our 30+ years of technical and domain expertise to future-proof their enterprises. Associates of Iris work on mission-critical applications supported by a workplace culture that has won numerous awards in the last few years, including Certified Great Place to Work in India; Top 25 GPW in IT & IT-BPM; Ambition Box Best Placeto Work, #3 in IT/ITES; and Top Workplace NJ-USA.