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- Tasks: Lead SAP RAR implementations, ensuring compliance with revenue recognition standards.
- Company: Diverse Lynx LLC values diversity and offers equal opportunities for all applicants.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth.
- Why this job: Join a dynamic team and make an impact in the medical devices industry.
- Qualifications: 5+ years of SAP RAR experience and strong knowledge of accounting principles required.
- Other info: Remote work options available; we celebrate diverse perspectives.
The predicted salary is between 43200 - 72000 £ per year.
SAP RAR (Revenue Accounting and Reporting)
Job Summary:
We are seeking a highly skilled SAP RAR (Revenue Accounting and Reporting) Consultant with extensive experience in designing, configuring, and implementing SAP RAR solutions in compliance with IFRS 15 and ASC 606. This role requires deep expertise in RAR integrations with FI, and SD, modules, and a solid understanding of order-to-cash and revenue recognition processes in S/4 HANA environment.
Key Responsibilities:
- Lead and support the implementation of SAP RAR including solution design, configuration, testing, and deployment.
- Ensure compliance with new revenue recognition standards (IFRS 15 & ASC 606).
- Work closely with cross-functional teams to define and model revenue accounting processes using the SAP RAR five-step model.
- Integrate RAR with SAP FI, SD, and BRIM modules, support data migration and cutover planning.
- Develop detailed functional specifications and configuration documentation.
- Utilize BRF+ framework for business rules and logic within RAR where applicable.
- Provide expertise on order-to-cash, SD/FICO integration, IFRS 16, COPA, and overall revenue recognition processes.
- Collaborate with business and technical stakeholders to ensure alignment with industry best practices and financial regulations.
- Conduct workshops, lead design sessions, and deliver presentations to management and stakeholder
Required Qualifications:
- Minimum 5+ years of hands-on experience in SAP RAR, with strong knowledge of design and configuration.
- Experience with two or more full lifecycle SAP RAR implementations
- Strong understanding of order-to-cash processes, revenue recognition, and integration points with SAP FI/CO, and SD.
- Solid knowledge of IFRS 15, ASC 606, and IFRS 16 standards.
- Demonstrated ability to lead projects and coordinate across business and technical teams.
- Prior experience in the medical devices industry, with a strong grasp of accounting principles.
- Excellent verbal and written communication skills, including the ability to create business/functional documents and deliver executive-level presentation
Preferred Qualifications:
- Experience with SAP S/4 HANA.
- Bachelor\’s degree in Finance, Accounting, or related field.
- Mandatory Skills: SAP Financial Accounting & Controlling .
Diverse Lynx LLC is an Equal Employment Opportunity employer. All qualified applicants will receive due consideration for employment without any discrimination. All applicants will be evaluated solely on the basis of their ability, competence and their proven capability to perform the functions outlined in the corresponding role. We promote and support a diverse workforce across all levels in the company.
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SAP RAR (Revenue Accounting and Reporting) employer: Diverse Lynx
Contact Detail:
Diverse Lynx Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SAP RAR (Revenue Accounting and Reporting)
✨Tip Number 1
Network with professionals in the SAP community, especially those who have experience with RAR implementations. Attend industry events or webinars to connect with potential colleagues and learn about their experiences.
✨Tip Number 2
Familiarise yourself with the latest updates on IFRS 15 and ASC 606 standards. Being well-versed in these regulations will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 3
Prepare to discuss specific projects where you've led SAP RAR implementations. Highlight your role in solution design, configuration, and how you managed cross-functional teams to achieve successful outcomes.
✨Tip Number 4
Showcase your understanding of integration points between RAR, FI, and SD modules. Be ready to explain how these integrations impact order-to-cash processes and revenue recognition, as this knowledge is crucial for the role.
We think you need these skills to ace SAP RAR (Revenue Accounting and Reporting)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with SAP RAR, particularly focusing on your hands-on experience and any full lifecycle implementations. Use specific examples that demonstrate your expertise in compliance with IFRS 15 and ASC 606.
Craft a Strong Cover Letter: In your cover letter, emphasise your understanding of order-to-cash processes and revenue recognition. Mention your ability to lead projects and collaborate with cross-functional teams, as these are key aspects of the role.
Showcase Relevant Skills: Clearly list your skills related to SAP Financial Accounting & Controlling, as well as your knowledge of integration points with SAP FI/CO and SD. Highlight any experience you have with the BRF+ framework and how it applies to RAR.
Prepare for Interviews: Be ready to discuss your previous projects in detail, especially those involving SAP RAR implementations. Prepare to explain how you ensured compliance with revenue recognition standards and how you collaborated with stakeholders during the process.
How to prepare for a job interview at Diverse Lynx
✨Showcase Your SAP RAR Expertise
Be prepared to discuss your hands-on experience with SAP RAR in detail. Highlight specific projects where you designed, configured, or implemented solutions, especially those that comply with IFRS 15 and ASC 606.
✨Understand Integration Points
Familiarise yourself with the integration of SAP RAR with FI and SD modules. Be ready to explain how these integrations work and share examples of how you've managed them in past roles.
✨Demonstrate Knowledge of Revenue Recognition
Make sure you can articulate the order-to-cash process and revenue recognition principles clearly. Discuss your understanding of IFRS 15 and ASC 606, and how they impact financial reporting.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills. Think about challenges you've faced in previous implementations and how you overcame them, particularly in relation to compliance and integration.
