Revenue Accounting (IFRS 15) Supervisor

Fresenius Medical Care; Metro Manila; Hybrid; PHP 1,100,000 - 1,700,000; Full time

Benefits offered by this job

Hybrid work model

Flexible working arrangement

Job summary

Fresenius Medical Care is seeking an IFRS Supervisor (IFRS 15) to oversee revenue accounting operations and ensure IFRS 15 compliance. The role involves reviewing contracts in SAP RAR, guiding complex revenue recognition decisions, and supporting month-end close with cross-functional collaboration.

You will lead a small team, monitor revenue-related processes, and drive process improvements while partnering with Legal, Finance, and Shared Services to meet regulatory requirements.

Qualifications

• Minimum 5+ years in revenue accounting or financial reporting.
• Experience supervising teams or directing others.
• Strong IFRS 15 knowledge and contract assessment skills.
• Hands-on SAP RAR experience and ERP proficiency.

Responsibilities

• Lead IFRS 15 revenue recognition activities ensuring accuracy.
• Review contracts, running sheets, and business designs for IFRS 15 compliance.
• Evaluate complex customer contracts and performance obligations.
• Review transaction prices across multiple obligations and recognition.
• Oversee revenue journal entries and close activities.
• Supervise reconciliation of deferred and accrued revenue.
• Support audits with documentation and responses.
• Collaborate with cross-functional teams to resolve issues.

Skills

Leadership

Revenue accounting

IFRS 15 knowledge

Analytical thinking

Stakeholder management

Attention to detail

Communication

Education

Bachelor's Degree in Accounting/Finance

CPA/CA/ACCA or equivalent

Tools

SAP RAR

ERP systems

Job description

Hybrid - Upon agreement between you and your supervisor, you are entitled to a flexible arrangement where you will be able to split your time between working from the office and working remotely.

We are looking for a highly skilled and detail-oriented IFRS Supervisor (IFRS 15) to oversee revenue accounting operations and ensure compliance with IFRS 15 revenue recognition standards. This role will be responsible for supervising revenue accounting activities, reviewing complex contract assessments, ensuring the accuracy of financial records in SAP RAR, supporting audits, and partnering with cross-functional stakeholders to drive compliance and process excellence.

Key Responsibilities:

• Lead and oversee IFRS 15 revenue accounting activities, ensuring accurate and timely revenue recognition in accordance with company policies and accounting standards.
• Review and validate approved running sheets, legal contracts, and business designs within SAP Revenue Accounting and Reporting (RAR) to ensure compliance with IFRS 15 requirements.
• Evaluate and interpret complex customer contracts, including performance obligations, payment terms, pricing arrangements, contract modifications, and other key revenue recognition considerations.
• Review the determination and allocation of transaction prices across multiple performance obligations and ensure appropriate revenue recognition treatment.
• Oversee the preparation and review of revenue recognition journal entries, including point-in-time and over-time revenue recognition assessments.
• Supervise the reconciliation of deferred revenue, accrued revenue, contract assets, and contract liabilities, ensuring accuracy and completeness of financial records.
• Review and approve IFRS 15 adjustments, including legacy contract transactions managed outside SAP RAR, and ensure proper accounting treatment during period-end close activities.
• Support monthly, quarterly, and annual financial closing activities, ensuring revenue-related transactions are recorded accurately and within established timelines.
• Monitor and review standard revenue accounting reports, identify discrepancies, and drive corrective actions where necessary.
• Partner with Business, Commercial, Legal, Finance, Controlling, and Shared Services teams to resolve complex revenue recognition issues and provide IFRS 15 guidance.
• Support internal and external audits by preparing documentation, responding to audit requests, and ensuring compliance with regulatory and corporate requirements.
• Identify opportunities for process improvements, automation, and enhanced controls within revenue accounting processes.
• Provide coaching, guidance, and technical support to team members while promoting a culture of continuous improvement and operational excellence.

Qualifications:

• Bachelor's Degree in Accounting, Finance, or a related field.
• CPA, CA, ACCA, or equivalent professional accounting qualification is preferred.
• Minimum of 5+ years of progressive experience in revenue accounting, IFRS 15, or financial reporting, with prior supervisory or team leadership experience preferred.
• Strong knowledge of IFRS 15 and practical experience assessing complex revenue contracts and accounting treatments.
• Hands-on experience with SAP Revenue Accounting and Reporting (SAP RAR) and ERP systems.
• Experience working in a Global Business Services (GBS), Shared Services, multinational, or complex corporate environment is highly desirable.
• Strong understanding of financial close processes, reconciliations, journal entries, and financial reporting requirements.
• Proven analytical and problem-solving skills with the ability to interpret complex financial and contractual information.
• Excellent stakeholder management, communication, and interpersonal skills with the ability to collaborate effectively across functions and organizational levels.
• Strong attention to detail, organizational skills, and ability to manage multiple priorities in a fast-paced environment.

Nice-to-Have

• Experience leading IFRS 15 implementation, transition, or process optimization initiatives.
• Knowledge of SOX/internal controls and audit requirements.
• Experience supporting system enhancements, automation projects, or revenue accounting transformation initiatives.