The Senior Revenue Accountant –
Accountable to support all revenue accounting processes required to transform data into information for reporting purposes, through effective, efficient and regulatory (SOX) compliant finance processes, and in accordance with US Gaap /local GAAP/IFRS. Responsibilities include:
Deliver guidance, insight, and technical expertise as it relates to Revenue accounting.
Month-end analysis of revenue related transactions
Ensure compliance to revenue recognition principles under the Revenue Recognition standard ASC 606 and Johnson & Johnson Worldwide Procedures for all Ireland and EMEA entities.
Support of the day to day capture of performance metrics at the functional, team and individual level
Job responsibilities -
1. Utilize advanced finance and accounting experience to deliver the team and individually assigned work load, support fellow team members, 3rd party outsource teams, and one’s direct supervisor to perform more complex accounting processes and transactions over the course of the reporting period, including but not limited to:
Journal entry preparation, review and approval
Responsible for EMEA and APAC equipment accounting, warranty reserves, deferred and service revenue accounting at reporting periods
Liaise with various Stakeholders e.g. Customer Service, BUF and Equipment teams to ensure that revenue is recognized accurately
Ensure Customer payments are reclassed to revenue accurately
Calculate the cycle time and run rate for billing adjustments annually and review quarterly
Review and analyze rebates, financing reserves, consignment stock, walking implants and sales cut off on a quarterly basis.
Preparation of the Revenue Contract Assessment Tool (RCAT).
Prepare the annual significant contract threshold analysis.
Facilitate and perform period close activities
Develop and maintain balancing and control standards
Perform variance analyses as required.
Monitor and correct complex data and information errors
Identify and resolve exceptions
Address questions from controller’s group counterparts/ internal / external audit etc..
Coach/ support fellow team members (internal JJSV and outsource) to handle complex issues/ exceptions
2. As an individual contributor and team member; develop and deliver process documentation, training content, and super user support for revenue accounting, and other complex accounting activities, as requested, including but not limited to:
Fixed Asset accounting
Close and consolidations
Chart of accounts management SOX compliance, internal controls
3. Participate in process improvement reviews with team (internal and 3rd party outsource) as a part of ongoing exception management and continuous improvement activities:
Support development of clearly defined, achievable team and individual goals.
Evaluate exceptions to process, quality, and service delivery commitments by category.
Participate in the prioritization of targeted exceptions.
Perform root cause analysis for more complex exceptions.
In collaboration with fellow team members; identify, prepare, and recommend strategies to reduce/ eliminate exceptions over time.
Identify risks or opportunities to revenues, cost, and profitability and propose appropriate actions.
Investigate outstanding reconciliations and associated variances.
Address and eliminate data integrity and quality issues over time.
Perform ad hoc and special projects assignments, as required.
4. Support data integrity and preparation of financial information to ensure completeness, accuracy, timeliness and accessibility of financial information.
Sustain minimum effective controls in compliance with SOX, WWPs, US GAAP, Local GAAP/IFRS and any other accounting pronouncements and policies required.
Read, understand and execute on the policies and standards communicated by GTAAS group and other corporate groups.
Preparation of information for both External & Internal Audits.
Participate in training and professional development activities to continue to develop Finance capabilities and professional expertise.
Properly utilize the JJSV standard chart of accounts, sustaining the agreed data definitions and usage.
Bachelor’s Degree in finance and accounting, preferred
Qualified Accountant – CPA, ACA, ACCA, CIMA Minimum Experience
3-5 years of general accounting experience in a complex global Shared Services environment
1 year’s experience in Revenue Accounting
Demonstrated capability to understand accounting outcomes and explain accounting treatment under US Gaap, utilizing excellent English language skills
Demonstrated capability of completing VAT reporting requirements
SAP or other enterprise systems experience
Process excellence experience Preferred Experience
3-5 years of accounting of industry finance experience
External Audit/ Public Accounting experience preferred Minimum Language Skills: English required & other language Spanish, Italian, French, German or Dutch desirable