Senior Revenue Recognition Specialist

Posted Yesterday
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Bucharest
Senior level
Information Technology • Internet of Things • Software • Virtual Reality
We Are Innovators. We Are Creators. We Are PTC.
The Role
The role involves reviewing contracts for revenue recognition, collaborating with teams during negotiations, and improving accounting processes. Proficiency in regulations and analytical skills is required.
Summary Generated by Built In

Our world is transforming, and PTC is leading the way. Our software brings the physical and digital worlds together, enabling companies to improve operations, create better products, and empower people in all aspects of their business. 

Our people make all the difference in our success. Today, we are a global team of nearly 7,000 and our main objective is to create opportunities for our team members to explore, learn, and grow – all while seeing their ideas come to life and celebrating the differences that make us who we are and the work we do possible.  

Your Impact:

In this role, you will be a part of the PTC revenue team reporting to the Revenue Recognition Senior Manager. The successful candidate will be a contributor to many departmental goals & objectives. You will regularly interact with multiple cross-functional organizations and you will work closely with colleagues across the organization to understand both revenue recognition complexities and various financial analyses. Ideal candidates will be action-oriented and enjoy working in a fast-paced environment where the ability to analyze complex data, strong communication and collaboration skills are a must.

Your Day-To-Day:

  • Interact with Deal Desk, Legal, Operations and Sales during contract negotiations/non-standard deal modelling, understanding different deal structures and identify facts that might impact revenue recognition and reporting
  • Perform contract reviews for revenue related contracts applying related accounting guidance to determine appropriate accounting treatment under ASC606 and document conclusions
  • Review, recalculate, and analyse the accounting of revenue contracts in the revenue accounting automation system and communicate any required adjustments and/or revenue judgements to the Revenue Accounting team
  • Proactively identify issues and process improvement opportunities, recommend solutions, and where appropriate, work with business partners and management to resolve or assist with implementation to improve efficiency. 
  • Create process and procedure documents
  • Execute Sox controls and prepare related documentation for management review
  • Field research, and respond to international finance teams, business leaders, and management queries and assist with ad hoc projects
  • Coordinate and assist with the preparation of documentation to respond to internal and external audit queries for corporate quarterly and annual audits to ensure auditors are receiving required information in an accurate and timely manner.

Your Skills and Knowledge:

  • 5-8 years of experience in accounting, finance or related field (Public Accounting firm experience a plus) 
  • Knowledge of ASC 606 Accounting regulations or IFRS 15
  • Ability to conduct research of accounting literature for compliance under U.S. GAAP
  • Strong analytical skills
  • Demonstrated expertise working independently on projects, applying judgment and propose solutions for complex accounting issues
  • Good communication skills
  • Demonstrated expertise utilizing ERP systems and Microsoft Office (strong Excel and PowerPoint skills) to perform analysis and deliver presentations;
  • Ability to work in a fast-paced environment and meet deadlines
  • Intellectual curiosity and creativity
  • Excellent English and good French/Italian/German language skills; other languages represent a plus.

Life at PTC is about more than working with today’s most cutting-edge technologies to transform the physical world. It’s about showing up as you are and working alongside some of today’s most talented industry leaders to transform the world around you. 

If you share our passion for problem-solving through innovation, you’ll likely become just as passionate about the PTC experience as we are. Are you ready to explore your next career move with us?

We respect the privacy rights of individuals and are committed to handling Personal Information responsibly and in accordance with all applicable privacy and data protection laws. Review our Privacy Policy here."

Top Skills

Asc 606
Erp Systems
Ifrs 15
Microsoft Office (Excel
Powerpoint)
U.S. Gaap
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The Company
HQ: Boston, MA
7,347 Employees
On-site Workplace
Year Founded: 1985

What We Do

PTC (NASDAQ: PTC) unleashes industrial innovation with award-winning, market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. With PTC, and its partner ecosystem, manufacturers can capitalize on the promise of today’s new technology to drive digital transformation.

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