Senior Revenue Recognition Specialist

SAP; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

A leading software company in Kuala Lumpur is seeking a Senior Revenue Recognition Specialist to support cloud and software sales. The role involves ensuring compliance with SAP's revenue recognition policies and engaging with various stakeholders. Candidates must have a business degree and at least 3 years of experience in finance or accounting. Strong communication skills and knowledge of IFRS15 are essential. This position offers professional growth within a collaborative environment.

Benefits

Constant learning and skill growth

Great benefits

Collaborative team environment

Qualifications

• 3+ years of professional experience in accounting, finance, or financial reporting.
• Understanding of IFRS15 accounting rules, especially regarding cloud and software.

Responsibilities

• Support customer organization in structuring commercial proposals.
• Enforce compliance to revenue recognition policies.
• Review and approve quotes before release to customers.

Skills

Fluent in English

Strong communication skills

Problem-solving ability

Interaction with stakeholders

Education

Business School diploma or university degree in business administration

Job description

We help the world run better At SAP, we keep it simple: you bring your best to us, and we'll bring out the best in you. We're builders touching over 20 industries and 80% of global commerce, and we need your unique talents to help shape what's next. The work is challenging – but it matters. You'll find a place where you can be yourself, prioritize your wellbeing, and truly belong. What's in it for you? Constant learning, skill growth, great benefits, and a team that wants you to grow and succeed.

PURPOSE AND OBJECTIVES

The Senior Revenue Recognition Specialist acts as business partner, supporting the Field / Business (cloud, software sales and consulting) and is responsible to secure compliance to revenue recognition standards (SAP internal revenue recognition policies and IFRS15). In order to ensure excellent business support, he/she is embedded in a tiered revenue recognition community model and receives support from global Revenue Recognition Centre of Excellence “Rev Rec CoE” and if needed from Corporate Financial Reporting “CFR”.

As a business partner, the Senior Revenue Recognition Specialist takes an active part in the structuring and engineering of commercial proposals and contractual documents, in advance of deal closing. He/she supports the field / business by providing revenue recognition guidance and advice in order to (i) maximize revenue recognizable and current cloud backlog reportable, and (ii) enable corrective actions before deal closure. He/she is also responsible for securing compliance to internal revenue recognition guidance and internal standards.

The Senior Revenue Recognition Specialist is responsible for keeping up to date with revenue recognition policies rolled out by CFR and for spreading appropriate basic knowledge on revenue recognition matters into the business and other Finance functions. The role also includes ensuring the accuracy of system bookings using the Revenue Accounting and Reporting “RAR” system.

The position reports to the Head of APAC Revenue Recognition.

EXPECTATIONS AND TASKS

• Support the Customer facing organization in structuring commercial proposals and contractual documents;
• Enforce compliance to SAP Group revenue recognition policies and internal accounting standards;
• Actively communicate and interact with the field and other finance department to ensure alignment on revenue recognition issues (e.g. to ensure revenue forecast accuracy);
• Review and approve quotes summarizing the terms and conditions of commercial proposals and/or contracts in advance of release to customers;
• Align with Rev Rec CoE and CFR as appropriate;
• Is responsible to review cloud, software, consulting and maintenance contracts to ensure the transactions are accurately accounted for, especially with respect to allocation of revenue in various categories (cloud, software, consulting, maintenance, etc.) and timing of recognition;
• Prepare accounting memorandums and checklists on complex and large transactions as appropriate;
• Prepare revenue reallocation with supporting documentation and communicate to relevant department for booking;
• Act as a first point of contact on revenue recognition matters with internal and external auditors;
• Deliver regular training sessions to spread basic revenue recognition knowledge into the field and other Finance functions;

EDUCATION AND QUALIFICATIONS / SKILLS AND COMPETENCIES

• The role requires the candidate to be fluent in English
• Business School diploma or university degree in business administration with special topics in finance and accounting / auditing;
• Ability to interact and communicate with various stakeholders (Senior Management, CFOs, Sales, Operations, Finance community, Auditors, etc.);
• Strong communication skills, ability to articulate point of view in a clear and assertive fashion;
• Ability to focus on the overall picture, solve problems and provide operational and decision support;
• Thorough understanding of IFRS15 accounting rules, specifically with the specifics of cloud and software;
• Prior experience in cloud/software revenue recognition is a plus;

WORK EXPERIENCE

• Minimum of 3 years of professional experience in accounting, finance or financial reporting area for IT or Technology company, or an accounting firm (Big four)
• Knowledge of basic legal concepts
• Previous/current employment with SAP is a plus

Bring out your best

SAP innovations help more than four hundred thousand customers worldwide work together more efficiently and use business insight more effectively. Originally known for leadership in enterprise resource planning (ERP) software, SAP has evolved to become a market leader in end-to-end business application software and related services for database, analytics, intelligent technologies, and experience management. As a cloud company with two hundred million users and more than one hundred thousand employees worldwide, we are purpose-driven and future-focused, with a highly collaborative team ethic and commitment to personal development. Whether connecting global industries, people, or platforms, we help ensure every challenge gets the solution it deserves. At SAP, you can bring out your best.