Manager Revenue Recognition / Technical Accounting
Manager Revenue Recognition / Technical Accounting
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Job Description
Xylem is a Fortune 500 global water solutions company dedicated to advancing sustainable impact and empowering the people who make water work every day. As a leading water technology company with 23000 employees operating in over 150 countries Xylem is at the forefront of addressing the worlds most critical water challenges. We invite passionate individuals to join our team dedicated to exceeding customer expectations through innovative and sustainable solutions.
We are looking for a Manager Technical Accounting to join our corporate Finance team. This position will be primarily responsible for providing technical analysis and reviewing revenue contracts for the global will work directly with the senior accounting leadership Legal Sales and Product Management to structure contracts evaluate the executed documents and prepare/document will also actively engage in process improvement and future revenue automation activities across the company.
Essential Duties/Principal Responsibilities:
- Have an in-depth knowledge of US GAAP with a focus on revenue recognition rules for product service and technology companies (ASC 606)
- Provide recommendations to legal and sales on how to appropriately structure sales contracts to avoid revenue recognition issues after execution
- Partner with Operations Finance to provide a view on future revenue timing impacts of sales concessions and the impacts from other negotiating inputs
- Evaluate final executed agreements and document accounting conclusions in technical memorandum
- Upload accounting conclusions and contract characteristics into the Companys electronic contract management system (SalesForce/Appttus)
- Help lead the implementation of best practices for revenue team counterparts worldwide to scale business and global revenue expansion
- Continuously improve the global accounting processes and procedures by identifying areas to streamline automate or refine
- Partner with the accounting and reporting team to provide guidance on complex transactions including acquisitions dispositions impairments restructuring litigation etc.
- Provide training on technical topics to finance teams within the segment
- Provide assistance with monthly quarterly and annual reporting requirements
- Interface with both internal and external auditors in support of audit procedures
Qualifications: Education Experience Skills Abilities License/Certification:
- BA/BS in Accounting and/or Finance or equivalent qualification
- ASC 606 experience
- CPA required
- Ability to influence decisions based on expertise
- Proficient in Excel
- Public accounting experience preferred (Big 4 experience a plus)
- Problem-solving analytical skills and the ability to balance multiple tasks simultaneously
- Position requires high attention to detail and a desire for continuous improvement
- Strong verbal and written communication skills and a professional attitude and demeanor working with the internal team
- Strong organizational skills and ability to work both independently and collaboratively manage multiple projects and prioritize workload to meet deadlines
#LI-JO2
Join the global Xylem team to be a part of innovative technology solutions transforming water usage conservation and re-use. Our products impact public utilities industrial sectors residential areas and commercial buildings with a commitment to providing smart metering network technologies and advanced analytics for water electric and gas utilities. Partner with us in creating a world where water challenges are met with ingenuity and dedication; where we recognize the power of inclusion and belonging in driving innovation and allowing us to compete more effectively around the world.
At Xylem youll not only contribute to solving water issues but also have the chance to make a difference through our paid Volunteer Program Xylem Watermark. We prioritize our employees well-being through inclusion and belonging as well as our Employee Resource Groups (ERG). Proud to be an Equal Employment Opportunity (including disability and veterans) and Affirmative Action workplace Xylem fosters an inclusive environment free from discrimination or harassment.
Please note that the information in this job description outlines the general nature of the position and is not an exhaustive list of duties. Xylem is dedicated to providing reasonable accommodations to enable all employees to perform their essential job functions. We reserve the right to modify this job description and assign additional duties as needed. Embrace the opportunity to be part of Xylems transformative journey in shaping the future of water technology! #XylemCareers #GlobalImpact #WaterInnovation
Required Experience:
Manager
Employment Type
Full-Time
