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- Tasks: Ensure compliance with IFRS 15 and manage complex contract assessments.
- Company: Join a dynamic organisation focused on revenue recognition and compliance.
- Benefits: Competitive daily rate, flexible working, and opportunities for professional growth.
- Why this job: Make a real impact by ensuring accurate revenue recognition across diverse contracts.
- Qualifications: 5+ years in technical accounting with strong IFRS 15 knowledge.
- Other info: Work in a collaborative environment with finance, legal, and commercial teams.
The predicted salary is between 80000 - 85000 £ per year.
The IFRS 15 Revenue Recognition Specialist is responsible for ensuring the organisation's revenue recognition policies comply with IFRS 15 – Revenue from Contracts with Customers. The role will oversee complex contract assessments, ensure appropriate treatment of liquidated damages, performance guarantees, and variable considerations, and manage compliance across a portfolio of 20+ commercial contracts. The position will act as a technical advisor to finance, commercial, and legal teams on revenue recognition matters and ensure contracts are structured and accounted for in accordance with IFRS standards.
Key Responsibilities
- Revenue Recognition Compliance
- Ensure all revenue is recognised in accordance with IFRS 15 requirements.
- Review and assess customer contracts (20+ active contracts) to determine appropriate revenue recognition treatment.
- Identify performance obligations, transaction prices, and allocation methodologies.
- Assess contract modifications, amendments, and renewals.
- Contract Accounting
- Perform technical accounting analysis for complex commercial contracts.
- Review contract terms for:
- Performance guarantees
- Variable consideration
- Milestone-based payments
- Ensure appropriate revenue deferrals, provisions, or constraints are applied.
- Evaluate the impact of:
- Service-level agreements (SLAs)
- Guarantee clauses
- Penalty mechanisms
- Apply IFRS 15 constraint rules to ensure revenue is not overstated.
- Support monthly and quarterly revenue recognition calculations.
- Prepare technical accounting papers and documentation supporting revenue recognition decisions.
- Ensure audit-ready documentation for external auditors.
- Stakeholder Collaboration
- Work with commercial, legal, and finance teams to review new contracts before execution.
- Provide guidance on contract structuring to ensure IFRS compliance.
- Support internal stakeholders on IFRS 15 interpretation and best practice.
- Process & Controls
- Develop and maintain revenue recognition controls and documentation.
- Improve processes for contract tracking and revenue allocation.
- Assist with system configuration relating to revenue recognition (ERP / revenue modules where applicable).
- Audit & Compliance
- Act as the primary contact for external auditors on IFRS 15 related matters.
- Ensure revenue policies align with company accounting policies and IFRS standards.
Required Experience
- 5+ years experience in technical accounting or revenue recognition.
- Strong practical knowledge of IFRS 15 – Revenue from Contracts with Customers.
- Experience reviewing and managing 20+ customer contracts simultaneously.
- Demonstrated experience assessing:
- Liquidated damages
- Performance guarantees
- Variable consideration constraints
- Experience working with complex or long-term commercial contracts.
- Experience supporting financial audits.
Technical Skills
- Advanced knowledge of IFRS 15 technical guidance.
- Revenue modelling and forecasting.
- Experience with ERP systems (e.g., SAP, Oracle, NetSuite, Dynamics).
- Strong Excel and financial analysis skills.
Qualifications
- Degree in Accounting, Finance, or related discipline.
- IFRS technical accounting experience required.
- Strong analytical and technical accounting skills.
- Ability to interpret complex contractual language.
- Excellent communication with finance, legal, and commercial teams.
- Strong attention to detail.
- Ability to manage multiple contracts and deadlines.
Preferred Experience (Desirable)
- Experience in industries with complex contracts such as:
- Infrastructure
- Energy
- Defence
- Experience implementing IFRS 15 frameworks or controls.
- Experience working with contract lifecycle management systems.
This role is paying £4-500 per day (IR35 tbc) or 80-85k on FTC and is 2 days in the office per week. Candidates that are immediately available will be considered first.
IFRS 15 Specialist (Interim) in Glasgow employer: Stanton House
Contact Detail:
Stanton House Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IFRS 15 Specialist (Interim) in Glasgow
✨Tip Number 1
Network like a pro! Reach out to your connections in finance and accounting, especially those who know about IFRS 15. A casual chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your IFRS 15 knowledge. Be ready to discuss real-life scenarios where you’ve applied revenue recognition principles. We want to see how you think on your feet!
✨Tip Number 3
Don’t forget to showcase your experience with complex contracts. Bring examples of how you’ve managed multiple contracts and ensured compliance. This will set you apart from the crowd!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace IFRS 15 Specialist (Interim) in Glasgow
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the IFRS 15 role. Highlight your experience with revenue recognition and any relevant contracts you've managed. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this position. Mention specific experiences that relate to IFRS 15 and how you can add value to our team.
Showcase Your Technical Skills: Don’t forget to highlight your technical accounting skills, especially your knowledge of IFRS 15. If you've worked with ERP systems or have strong Excel skills, make sure these stand out in your application!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Stanton House
✨Know Your IFRS 15 Inside Out
Make sure you have a solid grasp of IFRS 15 and its implications for revenue recognition. Brush up on the key principles, such as performance obligations and variable considerations, so you can confidently discuss how they apply to real-world scenarios during your interview.
✨Prepare for Contract Assessments
Since you'll be reviewing and assessing multiple contracts, it’s crucial to prepare examples of complex contract assessments you've handled in the past. Be ready to explain your thought process and how you ensured compliance with IFRS standards in those situations.
✨Showcase Your Stakeholder Collaboration Skills
This role involves working closely with finance, legal, and commercial teams. Think of specific instances where you successfully collaborated with different stakeholders to resolve issues or improve processes related to revenue recognition. Highlight your communication skills and ability to interpret complex contractual language.
✨Demonstrate Your Technical Proficiency
Familiarise yourself with ERP systems like SAP or Oracle, as well as advanced Excel functions. Be prepared to discuss how you've used these tools in previous roles to manage contracts and perform financial analysis. Showing your technical skills will give you an edge in the interview.