Oracle Senior Global Revenue Recognition Analyst, Cloud and New Products in Redwood Shores, California
Senior Global Revenue Recognition Analyst, Cloud and New Products
The Revenue Recognition (RevRec) group ensures the consistent application of Oracle's Corporate RevRec Policies via the review of license, hardware, cloud, support & other support related services, and professional services contracts globally.
The Sr. Global RevRec Analyst, Cloud and New Products will focus on assisting the Director, Cloud GPO and New Products to
Enhance policies and processes around Cloud and new product offerings through organic growth and M&A activities.
Oversee all aspects of revenue recognition in terms of the Cloud and new product offerings including, providing support to the business related to revrec queries, creating policies and procedures, global training, both internal and external, partnering with SOX and E&Y on key controls and quarterly audit requests, and more.
This person must possess strong, analytical communication (verbal and written) and business partnering skills. The Sr. Global RevRec Analyst, Cloud and New Products role will be required to liaise, collaborate and foster ongoing relationships with the following people/groups:
With the various Line of Business, Global Business Practices, Finance Systems GPO, Product Release Group, Deal Management and other back office departments to understand offerings (new or changes to existing offerings), pricing, promotions, go to market strategy and systems are in accordance with Oracle’s RevRec policy, accounting rules and understood by all stakeholders.
With Global VP of RevRec, RevRec Sr. Director Technical Accounting, Corporate Controller, SOX and external auditors (E&Y) on the system controls and application of policy and accounting literature relating to Cloud and new products.
With Corporate Controller, Global Business Finance, and various Line of Business Operation teams to resolve revenue accounting issues encountered.
Policy & Technical
Assist the Director, Cloud GPO and New Products to:
Ensure Oracle’s Cloud and New Products related Rev Rec policies are kept up to date, ensuring compliance with current pronouncements and developments.
Keep RevRec Cloud FAQ up to date for new issues/topics.
Work with the Global RevRec team to help them address technical accounting issues that arise.
Present more complex technical issues to RevRec management and E&Y.
Work with the various line of business to explain and help avoid accounting issues with Cloud and New Product offerings and related professional service offerings.
Maintain a playbook for all different contract and provisioning permutations, including the accounting conclusions and system accounting rules
Work with Fair Value team with regards to concerns/issues with pricing and discounting in new product offerings.
Mergers and Acquisitions
Work with RevRec M&A team with regards to their hand over of acquired companies and identification of products related high risk areas within acquisitions.
Ensure documentation of acquired company product offerings and accounting conclusions related to revenue classification and restricted products.
Monthly calls with M&A and Fair value team to discuss newly acquired companies and handover of those through OI.
Review New Service & Promotional Offerings
Attend regular calls regarding product SKU set up for new parts and review, determine the appropriate accounting, and document conclusions of proposed new product offerings.
Work with stakeholders to improve new part set-up process.
Work with Product Development, Pricing, Global Business Practices and various line of business on new offerings.
Review Cloud Promotions along with RevRec Fair Value team to determine appropriate revenue recognition profile.
Evaluate any Rev Rec implications and present your conclusion to RevRec management.
Communicate any necessary guidance/implications to requestors
Work with the various line of business to remove products from Restricted Products List. (E.g. establish ‘Standalone Value’ for those Cloud services that do not yet meet that criteria; establish ‘segmentation’ for non-segmentable SW).
Attend regular and ad hoc calls relating to Cloud and new product offerings.
Work with Finance Systems GPO, and other GPOs on system enhancements related to revenue recognition for Cloud and new products.
Partner with RevRec Technical Accounting and Operations leads in the implementation of the Revenue Management Tool (multi-element arrangement revenue allocation tool related to Cloud transactions).
Provide training to the Global RevRec team with regards to Cloud and New Products related developments
Provide training externally to the various line of business and other related teams with regards to revenue recognition policy and process for Cloud and New Products.
Liaise with Global REVREC team as needed on complex arrangements.
Be available to answer line of business questions during training.
Work with SOX and E&Y on Cloud and new products reviews and formalization of key controls (e.g. provisioning, etc.)
Work with E&Y on Cloud and new products related operational issues/concerns relating to Rev Rec
Provide E&Y quarterly audit schedules and other requests.
ACA, CPA, MBA or equivalent, with 5 or more years of ASC 605-625 and/or ASC 985-605 experience
Previous experience of managing revenue risk related to Cloud transactions and Cloud system controls preferred, but not required.
Strong project management and organization skills, to be able to manage and prioritize several different activities in parallel.
Preferred skills of candidates include: strong conceptual and practical experience in understanding and communicating technical accounting issues specific to the technology industry; proficiency with researching accounting literature including FASB, SEC, AICPA and IFRS rules and regulations.
Strong project management, leadership, relationship development and people management skills; results orientation with an ability to manage the overall project; excellent multi-tasker who sees the “bigger picture”; collaborate with different individuals across the organization.
Detailed Description and Job Requirements
Ensures that revenue is recognized in accordance with Corporate and SEC standards. Provides direction to sales organization prior to contracts being concluded.
As a member of Revenue Accounting you will assist in the processing of revenue impacting adjustments and reconciling balance sheet account. Monitor revenue, reconcile receivables, and unearned accounts. Work with internal customers to resolve related revenue inquiries. Assist in facilitating the automation of current processes and procedures. You may participate in special projects.
Leading contributor individually and as a team member, providing direction and mentoring to others. Work is non-routine and very complex, involving the application of advanced technical/business skills in area of specialization. Prefer strong analytical, prioritization and communication skills in partnering with other internal groups and management. Familiarity with Excel spreadsheets is essential. Familiarity with Oracle Financials is essential. 8 years accounting experience and BA/BS degree in Accounting or equivalent. Some positions need you to be bilingual in English and Spanish or Portuguese.
Oracle is an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability and protected veterans status or any other characteristic protected by law.
Location: US-CA,California-Redwood Shores
Other Locations: US-CA,California-Pleasanton, US-CA,California-Rocklin
Job Type: Regular Employee Hire