Sr. Revenue Assurance Analyst

Company: Genesys
Location: Daly City
Posted on: June 6, 2021

Job Description:

The Senior Revenue Analyst will be responsible for tasks related to one or more of several workstreams' (Cloud, On premise, Term License, Maintenance and Professional Service) revenue recognition.

The Senior Revenue Analyst will assist in the validation, accounting and review of sales related transactions, and to assist in the supervision of these tasks. The individual will be instrumental in ensuring the accurate reporting of revenue and accounting data as part of the monthly revenue close process. The Senior Revenue Analyst will also support business initiatives including assessment of new products, acquisitions and various internal revenue reporting initiatives.

Key Responsibilities:

The primary responsibilities for this role include (but are not limited to):

Revenue Analysis:

• Part of a team that ensures that all revenue is accounted for in accordance with Genesys policies and accounting guidelines, i.e. ASC 606.
• Review of completeness and accuracy of data in the Revenue system (RevPro).
• Determining and processing appropriate contract updates, revenue adjustments and other journals in the Revenue System.
• Revenue account reconciliation to GL and forecast.
• Operating and overseeing revenue related internal controls.
• Significant Excel analysis and manipulation of data to support the monthly close process.
• A variety of other processes to ensure the Revenue Accounting team meets its monthly and quarterly objectives.

Other Senior Revenue Analyst Tasks:

• Preparation of monthly unbilled revenue and deferred revenue balance sheet reconciliations
• Review of qualifying customer orders to ensure compliance with the Revenue Recognition Policy and accounting principles.
• Review/approve sales orders against company policy. Advise sales and finance operations teams of any inconsistencies against policy and recommended actions
• Working closely with Order Management, Collections, Operations and Sales Personnel to meet business objectives.
• Evaluation and calculation of revenue related reserves.
• Assist with the review of sales opportunities, contracts and non-standard transactions - provide appropriate accounting guidance and propose solutions within Company's revenue recognition policy
• Prepare deal reviews/checklist to ensure revenue is being recognized in adherence to ASC606 and Company policy.
• Prepare analysis and journal entries as necessary to support the month end close process
• Support the revenue projects function in the design, test and implementation of updates to existing and new systems
• Ensure GAAP compliance across all functions in the order-to-cash cycle
• Prepare ad hoc analysis, as needed

Other:

• Maintain necessary financial and control records along with supporting documentation related to Revenue for audit and Sarbanes-Oxley purposes.
• Carrying out periodic compliance testing across all lines of business (SSP).
• Participation in ad hoc projects to support business initiatives including assessment of new products, acquisitions and new internal revenue reporting needs

Requirements:

• Minimum 4 years of related Revenue Recognition experience
• Experience with software clients and/or industry with revenue background
• Working knowledge of Software Revenue Recognition Accounting - ASC 606 and Familiarity with ASC 985-605 (formerly SOP 97-2), ASU 2009-13 (formerly EITF 08-1) and ASU 2009-14 (formerly EITF 09-3)
• Bachelor's degree in accounting, finance and/or Part Qualified Accountant (ICAI, CCAB, CPA or equivalent)
• High level of English literacy, both written and oral
• Strong communication and interpersonal skills
• Highly organized, with great attention to detail
• Confidence and proven record to communicate both orally and written, including the dissemination of technical information
• Ability to interact effectively with sales and product teams, functional peer groups and subordinates and to gain cooperation from others, especially those in other departments, as well as with outside auditors and outside legal counsel
• Ability to work independently and take ownership of multiple concurrent and diversified tasks, while working with deadlines
• Problem solver: Candidate should be a strong, analytical problem solver with a common sense and practical solutions orientation

Desirable Skills:

• Experience using Salesforce.com, RevPro and NetSuite
• Prior experience with SaaS company
• Public accounting experience
• Super-user (Advanced) in Excel (Pivoting, Lookups etc)

Benefits:

• Medical, Dental, and Vision Insurance
• Telehealth coverage
• Flexible work schedules and work from home opportunities
• Development and career growth opportunities
• Open Time Off
• 401(k) matching program
• Adoption Assistance
• Infertility treatments

See more Genesys benefits information at https://mygenesysbenefits.com/

Covid-19

Safety for our employees and our communities is a key priority for Genesys. We continue to experience rapid growth during the Covid-19 pandemic and are conducting remote hiring and onboarding processes. All hiring and onboarding processes are being conducted remotely at this time. We utilize Zoom video meetings and phone calls during the interview process. We will be working remotely through at least June 30, 2021, in most locations, and we are re-evaluating the opening date of all the Genesys offices on an ongoing basis.

About Genesys

Every year, Genesys delivers more than 70 billion remarkable customer experiences for organizations in over 100 countries. Through the power of the cloud and AI, our technology connects every customer moment across marketing, sales and service on any channel, while also improving employee experiences. Genesys pioneered Experience as a Service so organizations of any size can provide true personalization at scale, interact with empathy, and foster customer trust and loyalty. This is enabled by Genesys Cloud, an all-in-one solution and the world's leading public cloud contact center platform, designed for rapid innovation, scalability and flexibility. Visit www.genesys.com.

Genesys is an equal opportunity employer committed to diversity in the workplace. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, disability, veteran status, and other protected characteristics. #LI-BH1

Keywords: Genesys, Daly City , Sr. Revenue Assurance Analyst, Other , Daly City, California