IRIS Software

Description: IRIS a prominent IT company is looking to hire Manager Revenue Assurance.Job 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:- Bachelors Degree in Commerce.- Chartered Accountant with 5-6 years experience / CMA with 8-10 years experience.Relevant 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 skill.- High level of integrity and dependability with a strong sense of urgency and results-orientation.- MS Office Advanced Excel and good Power point.About Iris Software Inc.With 4,000+ associates and offices in India, U.S 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 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 Place to Work, #3 in IT/ITES; and Top Workplace NJ-USA. (ref:iimjobs.com)