The key duties and responsibilities of the role include (but are not limited to):
- Revenue Recognition: Ensure accurate and timely recognition of revenue in compliance with IFRS 15. Analyse customer contracts to determine performance obligations and revenue recognition criteria.
- Deferred Revenue Reconciliation: Monthly reconciliation of the deferred revenue account, ensuring all entries are accurately reflected in the financial statements.
- Bank Receipts Reconciliation: Reconcile bank receipts with subscription sales, ensuring all payments are correctly allocated to customer accounts.
- Month-End Close: Preparation of revenue-related journal entries and account reconciliations as part of the month-end close process.
- Financial Reporting: Prepare and analyse revenue reports, providing insights on revenue trends by products, deferred revenue balances, and forecasts for management.
Internal Controls: Ensure compliance with internal controls related to revenue recognition and identify opportunities for process improvements.
- Collaboration: Work closely with cross-functional teams such as Sales, Operations, and Customer Service to address and resolve revenue-related issues.
- Audit Support: Provide support during internal and external audits by preparing and delivering necessary revenue-related documentation.
- Any other adhoc duties as assigned
The candidate should possess the below qualities to fulfil the needs of the role:
- Bachelor's Degree in Accountancy or ACCA
- Qualified Accountant, CPA or CA preferred
- Minimum 5 years of experience in public accounting firm and/or MNCs
- Strong understanding on the application of IFRS 15 and Revenue recognition principles
- Self-starter, self-motivated and positive, organized, hands-on, meticulous, resourceful and able to work independently.
- Strong analytical and problem-solving skills with high attention to detail.
- Excellent organizational and time-management skills.
- Good verbal and written communication skills.
- Able to work as a team.
