Subject Matter Expert, Revenue Accounting

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

Benefits offered by this job

Hybrid work arrangement

Job summary

Fresenius Medical Care is seeking a detail-oriented IFRS 15 Accountant to ensure accurate revenue recognition under IFRS 15 and manage deal structures, while maintaining financial records in SAP RAR.

Responsibilities include validating contracts in SAP RAR, interpreting terms and performance obligations, determining transaction prices, and preparing journal entries in line with IFRS 15 standards. The role supports audits and requires a strong analytical mindset and collaboration across teams.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field; CPA preferred.
• Experience in revenue accounting and IFRS 15 compliance in a GBS or shared service environment.
• Proficiency in SAP RAR and revenue accounting tools.
• Strong analytical skills for interpreting financial data and identifying discrepancies.
• Excellent communication and interpersonal skills to collaborate with cross-functional teams.

Responsibilities

• Validate approved running sheets, legal contracts, and business designs in SAP RAR to ensure accurate revenue recognition in IFRS 15 standards.
• Interpret and classify complex contract terms, including payment terms and performance obligations, per IFRS 15.
• Determine transaction prices, allocate revenue across multiple performance obligations, and maintain detailed tracking systems.
• Prepare journal entries and apply revenue recognition principles (over time or point-in-time) as per IFRS 15.
• Reconcile deferred and accrued revenue accounts, manage contract modifications, and support external audits.
• Analyze and post adjustments for legacy contracts outside RAR and manage IFRS 15 adjustments, including closing transactions.
• Review IFRS 15 adjustments for accuracy in financial records and standard revenue accounting reports.

Skills

Analytical skills

Communication skills

Interpersonal skills

Education

Bachelor’s degree in Accounting/Finance

CPA qualification

Tools

SAP RAR

Revenue accounting tools

Job description

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

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.