Assistant Manager
3 weeks ago
US Revenue Assistant Manager
About the Role:
We are seeking a detail-oriented and analytical US Revenue Assistant Manager to join our Finance - Revenue Accounting team in Chennai.
This role will support the end-to-end revenue recognition process, ensuring strict alignment with contractual terms, US GAAP (specifically ASC 606), and internal controls.
The ideal candidate will have strong foundational experience in US revenue accounting, contract analysis, and practical working knowledge of Oracle financial systems.
Key Responsibilities:
Contract Review and Setup Support:
- Review new Statements of Work (SOWs) and amendments to assist in determining the appropriate revenue recognition methodology in accordance with ASC 606.
- Accurately set up and maintain contracts in Oracle ERP based on detailed SOW analysis, ensuring proper segment, billing, and revenue elements are configured.
Monthly Revenue Cycle Execution:
- Execute the process of recognizing revenue for all active contracts in line with applicable accounting standards and internal policies on a monthly basis.
- Reconcile recognized revenue by contract against the bi-weekly employee hours report provided by the Operations team, meticulously identifying and documenting variances.
- Investigate and resolve any discrepancies between recorded employee hours and recognized revenue, escalating complex issues as needed.
- Generate preliminary revenue reports for stakeholders and assist in resolving their basic queries related to revenue recognition.
- Accurately and timely post revenue entries to the General Ledger (GL).
- Execute the billing offsets process within Oracle and ensure proper posting of transactions to the GL.
Account Reconciliation & Analysis:
- Assist in analyzing and reconciling balances in key revenue-related GL accounts, including:
- GL Account 1201 - Unbilled Receivables
- GL Account 2360 - Deferred Revenue
- Support the reconciliation of GL balances with contract-level FX analysis provided by the Treasury team, identifying and explaining variances due to currency fluctuations.
- Generate and validate year-to-date (YTD) revenue by contract reports for internal financial CMA qualified / CA is a must.
Experience: 5 to 6 years of focused experience in US revenue accounting or financial operations, preferably in a services or contract-driven corporate environment.
- Revenue Recognition: Solid understanding of US revenue recognition principles, particularly ASC 606.
- ERP Proficiency: Proficiency in Oracle ERP or similar robust financial systems (e., SAP, Workday Financials).
- Excel & Reconciliation Tools: Advanced Excel skills (e., pivot tables, VLOOKUP, complex formulas) and practical experience with reconciliation tools and reporting functionalities.
- Attention to Detail: Exceptional attention to detail and a structured, methodical approach to problem-solving.
- Communication: Strong communication and cross-functional collaboration skills, with the ability to articulate findings clearly.
- Shift Flexibility: Ability to work in flexible shift hours (10 AM - 7 PM / 12 PM - 9 PM / 2 PM - 11 PM IST).
- Mandatory initial two months in an evening shift (4 PM - 1 AM IST) for transition.
Preferred Skills:
Exposure to working with multi-currency contracts and basic FX reporting.
Familiarity with project-based billing models and professional services contracts.
Ability to work under tight monthly deadlines and manage multiple deliverables effectively
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