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Revenue Recognition Analyst

3 months ago

Budapest, Budapest, Hungary Reed Magyarország Kft. Full time

Our American multinational partner company is looking for a Revenue Recognition Analyst for their dynamic and supportive team.

The Revenue recognition team as part of Corporate Accounting is responsible for contract analysis, revenue allocation between the hardware and service elements, and the revenue recognition process itself.

The ideal candidate should have about 1-2 years of accounting experience, and fluent English knowledge. The revenue recognition or lease accounting experience is a plus.

Benefits:

  • Hybrid working
  • Szép Card, trainings, language courses, annual bonus
  • Great learning and development opportunities
  • Supportive work environment

Your tasks will be as a Revenue Recognition Analyst :

  • Perform contract analysis for complex arrangements, as part of the Customer Setup Process as a basis for appropriate revenue allocation, recognition process and lease identification, lease classification processes in line with ASC 606 (being convergent with IFRS 15) and ASC 842 (being convergent with IFRS 16) US GAAP standards respectively.
  • Support revenue allocation process by calculating standalone selling prices (SSPs) which are serving as a basis for revenue allocation.
  • Perform SAP downloads required for revenue allocation and do SAP uploads regarding standalone selling prices (SSPs) to support revenue recognition/allocation process.
  • At deal level, reviewing lease identification and classification criteria to determine lease type (including sale-type, direct financing or operating leases) including the analysis of termination terms.
  • Support revenue SME with regard to basic subprocesses of series reasonableness test and other more complex revenue allocation/recognition related tasks.
  • Support the team leader / manager regarding the SOX compliance requirements related deals in line with internal/external audit and other routine tasks
  • Active participation in accounting related projects and training series
  • Continuous communication towards the team leader/manager and developing appropriate project/time management skills are expected
  • Participation in soft-skill training series recommended by team lead/manager
  • Work in close coordination with and support the EMEA teams to ensure a quick and effective Customer Setup process
  • Highly proactive attitude is expected with independent follow-up
  • Support the improvement of current and coming processe

Requirements:

  • Degree in Economics / Accounting
  • 1-2 years of accounting experience is a plus (US GAAP or IFRS)
  • High level of comfort and ease in working with MS Excel
  • SAP or PowerBi knowledge is a plus