Subject Matter Expert, Revenue Accounting

Fresenius Medical Care; Metro Manila; Hybrid; PHP 600,000 - 900,000; Full time

Job summary

Fresenius Medical Care is seeking a detailed IFRS 15 Accountant in Metro Manila to ensure accurate revenue recognition under IFRS 15 and manage contract terms within SAP RAR. The role supports external audits and revenue tracking across multiple obligations.

The ideal candidate will have a degree in accounting or finance, with CPA considered a plus and experience in a GBS/shared service environment. Hybrid work arrangement available upon supervisor agreement.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA qualification is a plus for this role.
• Proficiency in revenue accounting and IFRS 15 compliance in a GBS/shared services environment.
• Proficiency in SAP RAR and revenue accounting tools.
• Strong analytical and cross-functional collaboration skills.

Responsibilities

• Validate running sheets, contracts, and designs in SAP RAR for IFRS 15 revenue recognition.
• Interpret and classify complex contract terms, including payment terms and performance obligations.
• Determine transaction prices and allocate revenue across multiple performance obligations.
• Prepare journal entries and apply IFRS 15 revenue recognition principles (over time or point-in-time).
• Reconcile deferred and accrued revenue, manage contract modifications, and support external audits.
• Analyze and post adjustments for legacy contracts outside RAR and manage IFRS 15 adjustments.
• Review IFRS 15 adjustments in financial records and revenue reports.

Skills

Analytical skills

Communication skills

Interpersonal skills

Cross-functional collaboration

Education

Bachelor's degree in Accounting/Finance or related field

CPA qualification (a plus)

Tools

SAP RAR

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 seeking a detail-oriented and highly skilled IFRS 15 Accountant to join our team at Fresenius Medical Care. The role will be responsible for ensuring accurate revenue recognition in compliance with IFRS 15, managing deal structures, while also maintaining the integrity of financial records in SAP RAR.

Responsibilities:

• Validate approved running sheets, legal contracts, and business designs in SAP RAR to ensure accurate revenue recognition in compliance with IFRS 15 standards.
• Strong ability to interpret and classify complex contract terms, including payment terms and performance obligations, in alignment with IFRS 15.
• Experience in determining transaction prices, allocating revenue across multiple performance obligations, and maintaining detailed tracking systems.
• Solid understanding of preparing journal entries and applying revenue recognition principles (over time or point-in-time) as per IFRS 15 standards.
• Proven experience reconciling deferred and accrued revenue accounts, managing contract modifications, and supporting external audit processes.
• Analyze and post adjustments for legacy contracts outside RAR and manage IFRS 15 adjustments, including closing transactions
• Review and ensure the accuracy of IFRS 15 adjustments in financial records and standard revenue accounting reports

Qualifications:

• The candidate must have a Bachelor’s degree in Accounting, Finance, or related field; CPA qualification is a plus
• Proven experience in revenue accounting and IFRS 15 compliance preferably in a GBS or shared service environment
• Proficiency in SAP RAR and revenue accounting tools
• Strong analytical skills in terms of interpreting financial data and identifying discrepancies
• Excellent communication and interpersonal skills to collaborate with cross-functional teams