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Finance Shared Services Analyst E - Revenue impact/recognition/allocation

20.00 to 25.00 Years   Pune   20 Oct, 2021
Job LocationPune
EducationNot Mentioned
SalaryNot Disclosed
IndustryIT - Software
Functional AreaFinance / Accounts / Tax
EmploymentTypeFull-time

Job Description

Working with a team that collaborates with sales representatives, business finance leads, product managers, PS partners, Business Unit managers, IT/Hosting managers etc. to provide pre-signature contract review, revenue recognition guidance and finance approvals for License, Recurring services & Standalone PS deals globally. Additionally, it would require working with the business directly and closely on revenue and expense recognition. Also, coordinate with various business and corporate teams on issues directly associated with products groups. FIS is a highly dynamic, fast-paced organization. You will be contributing to one of the leading global providers of technology for the financial services industry.What you bring:Knowledge / Experience

  • Prepare a Deal profile form (Checklist) for each deal & provide revenue impact/recognition/allocation details.
  • Escalate revenue recognition issues as per the Deal profile form.
  • Maintain a deal review log and update the revenue instructions when the deal is executed.
  • Use list price files to calculate discounts against list price and Standalone Selling Price, follow approval matrix to obtain relevant discount approvals for all revenue components in a deal.
  • Track proof of deliveries for all installed licenses deals.
  • Use CRM platform to update revenue forecast for each deal.
  • Effectively manage multiple mailboxes and responses on deals assigned.
  • Assign deals above threshold to Business Unit Finance Leads through mailboxes and CRM platform.
  • Use constraint matrix to ensure the deal structure doesn t have a negative revenue impact. If required, obtain relevant approvals.
  • Maximize revenue in current quarter by providing guidance to sales reps on payment terms/structure and their impacts on revenue.
  • Process terminations after validating the underlying/ongoing contract.
  • Prepare a weekly report for deal volumes.
  • Ability to prioritize important tasks/deals to meet turnaround time while maintaining quality & accuracy.
Person Specification:Education requirement B.com, MBA or a master s degree in Accounting/FinanceGood Team player.Understanding of client contracts.Excellent communication skills.Ability to understand complex calculations.Experience with software contracts and understanding of ASC 606 revenue recognition accounting standard would be an added advantage.What we offer you
  • A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities
  • A broad range of professional education and personal development possibilities FIS is your final career step!
  • A competitive salary and benefits
  • A variety of career development tools, resources and opportunities
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Keyskills :
contract reviewbehavioral trainingdevelopment toolscapital marketsfortune 500software contractsfinancial servicesbusiness financecareer developmentonline privacy

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