Deal Desk Finance Manager

Cadence Design Systems; San Jose (CA); On-site; USD 130,000 - 241,000; Full time

Benefits offered by this job

401(k) with employer match

Employee stock purchase plan

Medical, dental and vision plan

Job summary

Cadence Design Systems is seeking a Deal Desk Manager – Sales Finance to partner with the North America sales organization. You will advise on deal structures, price optimization, and revenue recognition, while coordinating with quote-to-cash, revenue accounting, order management, and legal teams.

The role requires strong communication, leadership, and financial analysis skills in a high-growth software environment, with opportunities for impact across multiple business units.

Qualifications

• Ability to thrive in a high growth, dynamic environment.
• High business acumen.
• Strong problem-solving and analytical skills.
• Excellent written and verbal communication across sales, finance, and operations.
• Ability to communicate with cross-functional teams within the quote-to-cash process.
• Knowledge of ASC606 software revenue recognition is a plus.
• Prior Salesforce and CPQ experience is a plus.

Responsibilities

• Structure and execute customer deals to achieve the company’s financial objectives.
• Identify revenue recognition, booking, and fulfillment issues in nonstandard features.
• Maintain engagement with stakeholders across teams to resolve issues.
• Work with Business Unit owners on discounts and pricing.
• Draft contract terms for nonstandard deal features.
• Prepare weekly forecasts of bookings, revenue, and cash.
• Mentor one staff-level direct report.

Skills

Finance acumen

Communication

Problem solving

Project management

Leadership

Education

Finance or Accounting degree

Tools

Salesforce

CPQ tools

Job description

Introduction

At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology. Deal Desk Manager – Sales Finance Introduction Cadence Design Systems is looking for a Deal Desk Sales Finance business partner to the North America sales organization. You will act as a trusted advisor to the sales teams and provide finance input on deal structures & terms that maximize value to Cadence and benefit external customers and internal cross-functional teams. The person in this role will join a cohesive team that operates in a dynamic, high growth environment for this publicly traded software and solutions company that has over $5B in annual revenue. The person in this role will work closely with the quote-to-cash group, including the Sales, Revenue Accounting, Order Management, Credit, Sales Ops, and Legal teams.

Job Description

• This person works with the sales team to structure and execute customer deals that achieve the Company’s financial objectives.
• This person identifies potential revenue recognition, booking, and fulfillment issues associated with nonstandard features in customer deals.
• This person maintains deep engagement with stakeholders across many teams to resolve such issues.
• This person works with Business Unit owners on discounts and pricing.
• This person serves as an expert on quoting systems.
• This person drafts contract terms for nonstandard deal features.
• This person will be responsible for identifying and implementing process improvements Focus areas include deal quality, forecasting, compliance with the Company’s policies and procedures, and contract terms and conditions.
• Team Lead for Business Segments.
• For certain new business segments:
• This person acts as a subject matter expert.
• This person prepares weekly forecasts of bookings, revenue, and cash.
• This person assists the Sr. Group Director in incorporating the forecasts into the consolidated regional forecast.
• This person advises sales and finance management on the forecast.
• This person manages and mentors one staff-level direct report.
• Finance Project Manager.
• This person provides finance input on operations and business model changes.
• This person assists with post-acquisition integration involving the quote-to-cash group and acts as an advisor on behalf of the Deal Desk team to ensure a smooth transition and that deals align with the company’s strategic goals and objectives.

Job Requirements

• Ability to thrive in a high growth, dynamic environment
• High business acumen
• Strong problem-solving skills
• Strong written and verbal communication skills, including ability to listen to and understand the needs of sales, finance, and operations.
• Ability to communicate with members of several groups within the quote to cash team.
• Ability to communicate the rationale for decisions across all levels of the organization.
• Ability to influence business partners, even when holding contrary positions.
• Ability to maintain attention to detail such as contract terms and conditions, revenue recognition rules, and booking & fulfillment systems requirements.
• Knowledge of software, IP, hardware, and services revenue recognition rules and other accounting standards, and the impact of accounting rules to deal structures and terms.

Desired Qualifications & Experience

• 12+ Years in Finance Department/Accounting/Auditing or related discipline
• Education: Finance or Accounting related degree preferred
• Strong interpersonal, verbal and written communication skills, with the ability to lead and influence internal stakeholders
• Strong business acumen, problem solving and project management skills
• Self-motivated and innovative
• Ability to understand the needs of sales and finance groups, problem-solve to find quality solutions, and elevate as needed
• Knowledge of software, hardware, and IP accounting rules is a plus
• Understanding of ASC606 software revenue recognition is a plus
• Prior experience with Salesforce, CPQ tools knowledge is a plus

Salary & Incentives

The annual salary range for California is $129,500 to $240,500. You may also be eligible to receive incentive compensation: bonus, equity, and benefits. Sales positions generally offer a competitive On Target Earnings (OTE) incentive compensation structure. Please note that the salary range is a guideline and compensation may vary based on factors such as qualifications, skill level, competencies and work location.

Benefits

Our benefits programs include:

• paid vacation and paid holidays
• 401(k) plan with employer match
• employee stock purchase plan
• a variety of medical, dental and vision plan options
• and more

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Cadence is committed to equal employment opportunity throughout all levels of the organization.

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About Cadence

Cadence plays a critical role in creating the technologies that modern life depends on. We are a global electronic design automation company, providing software, hardware, and intellectual property to design advanced semiconductor chips that enable our customers create revolutionary products and experiences. Thanks to the outstanding caliber of the Cadence team and the empowering culture that we have cultivated for over 25 years, Cadence continues to be recognized by Fortune Magazine as one of the 100 Best Companies to Work For. Our shared passion for solving the world’s toughest technical challenges, our dedication to pushing the limits of the industry, and our drive to do meaningful work differentiates the people of Cadence. Cadence is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, basis of disability, or any other protected class.