06 Aug
|
Ascendion Engineering
|
India
06 Aug
Ascendion Engineering
India
Job Description
Position Title: Senior Executive – Revenue Recognition
Function: Finance / Accounting
Experience: 2–3 years Qualification: CA / CMA / ACCA
Location: Vadodara
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Role Overview
The Senior Executive – Revenue Recognition will be responsible for ensuring accurate and timely revenue accounting in compliance with applicable accounting standards (Ind AS / IFRS / US GAAP). The role includes hands-on involvement in revenue recognition, month-end close activities, and consolidated financial statement preparation, working closely with cross-functional teams.
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Key Responsibilities
Revenue Recognition & Accounting
Perform revenue recognition in accordance with Ind AS 115 / IFRS 15 / ASC 606, including identification of performance obligations and timing of revenue.
Review contracts and support assessment of accounting treatment, including variable consideration, contract modifications, and allocation of transaction price.
Ensure accurate accounting for deferred revenue, accruals, rebates, credits, and adjustments.
Financial Close & Reporting
Support monthly, quarterly, and annual close processes related to revenue and receivables.
Prepare and reconcile revenue-related GL accounts, supporting schedules, and reconciliations.
Assist in preparation of consolidated financial statements and disclosures.
Compliance & Controls
Ensure compliance with internal controls, accounting policies, and audit requirements.
Support statutory, internal, and external audits by providing schedules, explanations, and documentation.
Assist in documenting revenue accounting policies and SOPs.
Stakeholder & Cross-functional Support
Coordinate with Sales, Legal, Operations, and Billing teams to resolve revenue-related issues.
Provide finance support for deal structuring from an accounting perspective.
Respond to reporting requests from management and stakeholders.
Process Improvement
Identify opportunities to improve revenue accounting processes, controls, and automation.
Support system enhancements and finance transformation initiatives where applicable.
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Required Qualifications & Experience
CA / CMA / ACCA (Qualified)
2–3 years of relevant experience in revenue recognition, accounting, and financial reporting
Hands-on experience with Revenue Recognition standards (Ind AS 115 / IFRS 15 / ASC 606)
Exposure to consolidated financial statements and month-end close processes
Experience in a corporate accounting, shared services, or Big 4 environment preferred
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Technical & Functional Skills
Strong understanding of accounting principles and revenue recognition concepts
Experience working with ERP systems (SAP / Oracle / NetSuite or similar)
Proficiency in MS Excel; exposure to automation or BI tools is a plus
Valuable documentation and reconciliation skills
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Behavioral & Soft Skills
Strong analytical and problem-solving skills
Attention to detail with ability to meet tight deadlines
Good communication and stakeholder management skills
Ability to work independently and in cross-functional teams
📌 Senior Executive - Revenue Recognition (India)
🏢 Ascendion Engineering
📍 India