To review software license arrangements and professional service work orders and research accounting guidance to determine appropriate revenue recognition treatment. Prepare timely and accurately revenue and non-revenue accounting memos and journal entries to ensure proper accounting. Review processes and recommend process improvements.
Key Result Areas: Support Sales Executives, Legal Professionals and Finance team in the negotiation and deal structure of customer license arrangements to ensure favorable terms and conditions while being consistent with the Company’s revenue recognition policies. Provide timely and complete revenue transaction deal analysis and conclusion for each signed license arrangement under your review. A journal entry and adequate support in accordance with GAAP and the Company’s then current documentation process are required for license transactions proposed for revenue within the current quarter. A non-revenue memorandum and adequate support in accordance with the Company’s then current process are required for license transactions signed but not proposed for revenue within the current quarter. Provide guidance and suggest improvements to the Company’s revenue review and recording process where improvements to process quality or scalability could be achieved. Maintain and provide timely and accurate updates to the Company’s corporate bookings report, ratable revenue, prepaid and other revenue related process schedules. Provide timely and accurate revenue updates and flux analysis to the Company’s forecasting process. Prepare revenue related support schedules for the 10K and 10Q reports to the SEC. Generate license revenue information for monthly Board and management reports, quarter end script data, supporting documentation, etc. Assist in monitoring license and maintenance billings contract information is properly contained in the order entry system. In addition ensure that recurring billing information is properly captured and allows for proper billing to occur. Track contracts and contract changes to invoicing information and determine that proper invoicing is occurring. Other responsibilities and key result areas will be assigned as required.
Functional Expertise: Financial Analysis Accountability Business Management Business Intelligence & Awareness Financial Management Possesses the appropriate level of technical/functional expertise and knowledge. Understands and applies procedures, regulations, and policies related to areas of specialized expertise. Utilizes technology-based tools and processes Continuous learning and development Customer service orientation Results oriented
Behavioral and Interpersonal: Persuading & Influencing Interpersonal skills Conflict Management Communication Team work
Sphere of Influence:
Senior Management, Sales, Legal, Finance & Accounting
Education and Experience Requirements:
Minimum Level of Education:
BA/BS, MBA desired, CPA required
Type of Experience and Minimum Number of Years: Experience with SOP 97-2, Software Revenue Recognition; with 5-10 years of software industry experience in accounting or finance; experience in decision support and presentation of business information at a senior level.
Degree of Financial Responsibility: Establish and manage financials Work within the established financials
Travel Requirements Minimal, infrequent travel
An Equal Opportunity/Affirmative Action Employer. Women, minorities, veterans, and people with disabilities are strongly encouraged to apply.