Lead Revenue Recognition Analyst
Apply NowCompany: OpenText
Location: Waterloo, ON N2J 1A1
Description:
OPENTEXT
OpenText is a global leader in information management, where innovation, creativity, and collaboration are the key components of our corporate culture. As a member of our team, you will have the opportunity to partner with the most highly regarded companies in the world, tackle complex issues, and contribute to projects that shape the future of digital transformation.
YOUR IMPACT
The Lead Revenue Recognition Analyst role at OpenText is more than just a job-it's an opportunity to shape financial compliance and accuracy in a dynamic, cloud-focused environment. As a key contributor to the Revenue Recognition team, you will play a critical role in monitoring, maintaining, and performing global revenue recognition processes. Your expertise in ASC 606 will support Sales, Professional Services, Corporate Finance, and senior management, ensuring compliance and strategic decision-making. You will also work closely with internal and external audit teams, as well as collaborate with the global Deal Desk and Sales teams.
WHAT THE ROLE OFFERS
WHAT YOU NEED TO SUCCEED
Salary Statement
Competitive salary based on experience, with a comprehensive benefits package.
ONE LAST THING:
OpenText is more than just a corporation-it's a global community where trust is foundational, the bar is raised, and outcomes are owned. This role is your opportunity to drive financial excellence and ensure compliance in a fast-paced, evolving industry.
OpenText's efforts to build an inclusive work environment go beyond simply complying with applicable laws. Our Employment Equity and Diversity Policy provides direction on maintaining a working environment that is inclusive of everyone, regardless of culture, national origin, race, color, gender, gender identification, sexual orientation, family status, age, veteran status, disability, religion, or other basis protected by applicable laws.
If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please contact us at hr@opentext.com. Our proactive approach fosters collaboration, innovation, and personal growth, enriching OpenText's vibrant workplace.
OpenText is a global leader in information management, where innovation, creativity, and collaboration are the key components of our corporate culture. As a member of our team, you will have the opportunity to partner with the most highly regarded companies in the world, tackle complex issues, and contribute to projects that shape the future of digital transformation.
YOUR IMPACT
The Lead Revenue Recognition Analyst role at OpenText is more than just a job-it's an opportunity to shape financial compliance and accuracy in a dynamic, cloud-focused environment. As a key contributor to the Revenue Recognition team, you will play a critical role in monitoring, maintaining, and performing global revenue recognition processes. Your expertise in ASC 606 will support Sales, Professional Services, Corporate Finance, and senior management, ensuring compliance and strategic decision-making. You will also work closely with internal and external audit teams, as well as collaborate with the global Deal Desk and Sales teams.
WHAT THE ROLE OFFERS
- Serve as an internal revenue recognition expert and resource for global finance and operational teams.
- Ensure compliance with ASC 606, US GAAP, and internal revenue recognition policies, advising on accounting treatment throughout the sales cycle.
- Prepare audit documentation, including written summaries for large cloud sales, and support quarterly contract reviews with external auditors.
- Escalate unresolved revenue recognition issues promptly and provide solutions.
- Prepare and review GL account reconciliations to ensure financial accuracy.
- Collaborate with OpenText's Deal Desk to maintain adherence to revenue recognition rules.
- Analyze sales data and deal structures to shape future company policy.
- Contribute to SOX compliance and participate in detailed cloud sales reviews.
- Support special projects and provide ad hoc financial analysis as required.
WHAT YOU NEED TO SUCCEED
- Accounting-related university degree and Canadian/US CPA designation.
- Strong understanding of US GAAP Revenue Recognition rules.
- Knowledge or experience with Topic 606 preferred.
- 2 to 4 years of experience in Revenue Recognition.
- Strong interpersonal skills with a customer-oriented approach.
- Advanced communication skills, with the ability to interact effectively at senior management and executive levels.
- Software industry experience is a definite asset.
- Ability to assess business risks and propose solutions to sales managers.
- Attention to detail and adherence to SOX processes.
- Strong organizational skills, with the ability to manage multiple projects in a fast-paced environment.
- Ability to work independently as well as in a collaborative team setting.
Salary Statement
Competitive salary based on experience, with a comprehensive benefits package.
ONE LAST THING:
OpenText is more than just a corporation-it's a global community where trust is foundational, the bar is raised, and outcomes are owned. This role is your opportunity to drive financial excellence and ensure compliance in a fast-paced, evolving industry.
OpenText's efforts to build an inclusive work environment go beyond simply complying with applicable laws. Our Employment Equity and Diversity Policy provides direction on maintaining a working environment that is inclusive of everyone, regardless of culture, national origin, race, color, gender, gender identification, sexual orientation, family status, age, veteran status, disability, religion, or other basis protected by applicable laws.
If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please contact us at hr@opentext.com. Our proactive approach fosters collaboration, innovation, and personal growth, enriching OpenText's vibrant workplace.