The Revenue Accounting Manager will oversee revenue accounting practices, prepare analytical reports, and participate in audits while ensuring compliance with ASC guidelines.
At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology.
This person will join a cohesive team whose environment thrives on collaboration across geographies and departments within the broader Quote-to-Cash team of a publicly-traded software company with $5.0B+ in annual revenues. Responsibilities include:
- Reviewing software license, hardware, and services contracts and determining the most appropriate revenue accounting per relevant authoritative literature (e.g. ASC 606, ASC 842) and internal revenue recognition policies
- Preparing contract memos highlighting key arrangement components and the five steps required for revenue recognition under ASC 606
- Preparing analytical reports pertaining to revenue-related accounts on a recurring and ad hoc basis
- Participating in quarterly reviews and annual audits conducted by internal and external auditors, including SOX 404 requirements
- Performing quarter-end close activities, including posting journal entries, performing account reconciliations, and executing daily revenue transactions to ensure revenue is properly captured in the financial system
- Contributing to or driving special projects as needed
Position Requirements:
- 5-6 years of industry and/or public accounting (Big 4) experience
- High degree of ethics; meticulous attention to detail
- Strong knowledge of ASC 606 and related guidance
- BS in Accounting, Finance, or related field
- Proficiency with Microsoft Excel
- Excellent written and verbal communication skills
- Strong analytical and critical thinking skills; ability to gather and evaluate information and formulate conclusions
- Ability to work and communicate effectively with cross functional team
- Ability to work on own initiative
Desirable Qualifications:
- Certified Public Accountant
- Experience with SAP
- Strong knowledge of ASC 842
- Ability and desire to use AI and other tools to improve processes
The annual salary range for California is $126,000 to $234,000. 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. 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.
We’re doing work that matters. Help us solve what others can’t.Cadence Design Systems San Jose, California, USA Office
2655 Seely Avenue, San Jose, CA, United States, 95134
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