Contract Revenue Analyst

Siemens Healthineers in; Walpole (MA); On-site; USD 64,000 - 87,000; Full time

Job summary

Siemens Healthineers is seeking a Contract Revenue Analyst (Finance) to oversee revenue recognition at the contract level within the SAP environment. You will implement MEA/IFRS 15 frameworks, manage contract lifecycle entries, and ensure accurate postings while supporting audits and cross-functional projects.

A Bachelor’s in accounting/finance and SAP experience are required. The role emphasizes collaboration with accounting teams, adherence to internal controls, and continuous process

Qualifications

• Bachelor's degree in Accounting, Business Administration, Finance, or a related field.
• 1-3 years of experience in an accounting or contract management environment.
• Demonstrated expertise in SAP and revenue recognition.
• Strong understanding of financial value flows in SAP.
• Advanced experience with ERP systems, preferably SAP.
• Language requirement: Proficiency in English; Spanish or French a plus.

Responsibilities

• Support the implementation of a new SAP platform (P58) focusing on Contract Revenue setup and MEA/IFRS 15 considerations.
• Track contracts through their lifecycle and account for financial impacts into the books, including leasing and contingent components.
• Understand MEA (IFRS 15), Contract Combinations, and IFRS 16 leasing concepts.
• Register and update customer contracts in SAP to ensure accurate revenue recognition at the contract level.
• Reconcile revenue recognition postings by contract and assist in monthly account reconciliations and analyses.
• Collaborate on cross-functional projects to improve efficiency and performance, including digitalization initiatives.
• Ensure proper Contract Revenue Recognition and support internal/external audits.

Skills

SAP

Revenue recognition

ERP systems

English

Education

Bachelor's degree in Accounting/Finance/Business

Job description

Contract Revenue Analyst (Finance)

Join us in pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

Our inspiring and caring environment forms a global community that celebrates diversity and individuality. We encourage you to step beyond your comfort zone, offering resources and flexibility to foster your professional and personal growth, all while valuing your unique contributions.

As we continue to expand our U.S. operations, we are seeking a Contract Revenue Analyst to oversee and elevate revenue recognition at contract level

Key Responsibilities:

• Actively support the implementation of a new SAP platform (P58), with particular focus on defining and workflow for Contract Revenue setup in the financial module, including contractual performance obligations and tracking mechanisms to ensure adequate revenue recognition at contract level.
• Track customer contracts over their lifecycle (from contract booking to cancellation) and account for financial impacts into the company books and records, ensuring adequate revenue recognition and financial impacts from leasing and contingent components (such as contract compliance to volume commitments).
• General understanding of accounting principles, including Multiple Element Arrangements ("MEA" - IFRS 15), Contract Combinations, and Leasing (IFRS 16).
• Execute timely registration and updates of customer contracts in the SAP financial module, ensuring accurate management of contractual performance obligations and consequently revenue recognition at contract level.
• Reconcile Revenue Recognition postings by contract ensuring reporting accuracy, as well as support the preparation of complex monthly account reconciliations and in- depth analysis of various contract types and balance sheet and P&L accounts associated with Customer Contracts.
• Contribute to cross-functional projects with accounting and financial expertise to enhance business efficiency and performance, including digitalization initiatives.
• Ensure proper Contract Revenue Recognition, driving accuracy and compliance of financial records/internal controls and proactively support internal and external auditors.
• Responsible for executing the registration of customer contracts into SAP P58 finance module, and update expected customer volumes in a quantity Management System (AQM system) for North America Diagnostics Business (US. and Canada).

Qualifications and Experience

• Bachelor's degree: Accounting, Business Administration, Finance, or a related field.
• Minimum 1-3 years of experience in an accounting or contract management environment.
• Demonstrated expertise in SAP and revenue recognition.
• Strong understanding of financial value flows in SAP.
• Advanced experience with ERP systems, preferably SAP.
• Language requirement:
• Proficiency in English (Spanish or French would be a plus).

Skills and Competencies

• Excellent with processes, workflow-oriented mindset
• Strong analytical mindset and the ability to evaluate complex financial data.
• Excellent communication and interpersonal skills.
• Strong analytical skills
• Inquisitive mindset to challenge existing processes and drive process improvements

The base pay range for this position is:

$ 63,620 - $87,472

Factors which may affect starting pay within this range may include geography/market, skills, education, experience, and other qualifications of the successful candidate.

If this is a commission eligible position the commission eligibility will be in accordance with the terms of the Company's plan. Commissions are based on individual performance and/or company performance.

Who we are

We are a team of more than 72,000 highly dedicated Healthineers in more than 70 countries. As a leader in medical technology, we constantly push the boundaries to create better outcomes and experiences for patients, no matter where they live or what health issues they are facing. Our portfolio is crucial for clinical decision-making and treatment pathways.

How we work:

When you join Siemens Healthineers, you become one in a global team of scientists, clinicians, developers, researchers, professionals, and skilled specialists, who believe in each individual's potential to contribute with diverse ideas. We are from different backgrounds, cultures, religions, political and/or sexual orientations, and work together, to fight the world's most threatening diseases and enable access to care, united by one purpose: to pioneer breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

To find out more about Siemens Healthineers businesses, please visit our company page here.

Equal Employment Opportunity Statement:

Siemens Healthineers is an Equal Opportunity and Aff Hivate Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.

EEO is the Law:

Applicants and employees are protected under Federal law from discrimination. To learn more, click here.

Reasonable Accommodations:

Siemens Healthineers is committed to equal employment opportunity. As part of this commitment, we will ensure that persons with disabilities are provided reasonable accommodations.

If you require a reasonable accommodation in completing a job application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please fill out the accommodations form here. If you're unable to complete the