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- Tasks: Manage revenue accounting and reporting processes while ensuring compliance with IFRS 15.
- Company: Join Trustonic, a global tech company making a positive impact on communities worldwide.
- Benefits: Enjoy flexible remote work options and a supportive team culture.
- Why this job: Be part of a dynamic team driving innovation in revenue recognition and financial control.
- Qualifications: 2+ years post-qualified experience in revenue accounting; ACA/ACCA qualification required.
- Other info: Must commute to Cambridge office twice a month; diverse and inclusive workplace.
The predicted salary is between 48000 - 72000 £ per year.
Company Description
Who we are…
At Trustonic our products are making a difference across the world. One moment we\’re ensuring low-income families worldwide can access the life-changing benefits of an internet-enabled smartphone. The next we\’re protecting the safety and integrity of the vehicles we drive and the devices we care about.
We pride ourselves on living by the Trustonic culture code, a blueprint for our journey that recognises that great working environments don\’t guarantee success, but bad ones almost always ensure failure.
Working here, you\’ll find a company that celebrates its diversity and is looking to do the right thing: for each other, the community and the planet. We believe in equal opportunities and take to heart the old African proverb \’If you only want to go fast, go alone. If you want to go far, go together\’.
We work flexibly when and where we\’re at our best, but regardless of how you choose to work, we\’ll make sure you feel like one of the team.
If you would like to work in a fast-moving global technology company, with great ambition, then we\’d love to hear from you!
Job Description
We are looking for a Senior Accountant – Revenue & Group Reporting to join our Finance team based in the UK. With a strong understanding and extensive hands-on experience in practical application of revenue accounting under IFRS 15 in a software/licensing environment, your role will be to ensure high quality reporting and strong financial control whilst delivering trusted results. Whilst we predominately work remotely, the successful candidate must be able to commute to the office in Cambridge, ideally at least twice a month (one day, every other week).
A bit about the team and what you\’ll deliver…
As the Senior Revenue Accountant , your responsibilities will include:
- Revenue & Receivables
- Manage the month end, quarter end and year end close processes related to revenue and accounts receivable including revenue cut-off, account analysis, reconciliations, journal entry postings and preparing revenue and AR reports. Ensure high technical standards and accounting compliance across the group in line with IFRS 15;
- Being the subject matter expert for internal projects that have an impact on revenue recognition;
- Partnering with commercial finance team to review complex contracts, assess and determine the correct revenue treatment in accordance with IFRS 15 and group revenue recognition policy.
- Liaise with contract teams, ensuring contracts are properly executed, document flow is standardised, finance onboarding form collected and contracts are added to SAP.
- Manage the accounting aspects of contracts, i.e. Month end accruals, deferrals and ongoing revenue recognition and future invoicing processes and transactions.
- Collaborate with finance & non finance teams to develop, maintain and verify data integrity of internal systems by ensuring contract information has been accurately and completely reflected in internal reporting and billing systems. Calculate relevant revenue linked intercompany recharges and communicate to internal teams.
- Develop and maintain group revenue recognition policies & procedures and ensure they are applied appropriately, imparting technical revenue recognition knowledge.
- Assist in drafting, updating and reviewing technical revenue accounting policy papers.
- Drive/actively engage in process improvement/efficiency initiatives within the wider finance/non-finance teams to manage, develop and maintain strong controls around the completeness and accuracy of billing, revenue and receivables.
- Collaborate with assistant accountant to ensure timely and accurate billing, ensure correct allocation of cash receipts, WHT deductions and maximise cash collections. Responsible for annual review and update of expected credit loss (ECL) provision in accordance with IFRS 9.
- Engage with credit controller on an ongoing basis to identify and manage potential bad debts, support internal escalation and process corresponding accounting journals accordingly.
- Liaise and support external auditors and internal team requirements during groupwide audit (especially around revenue/ AR/ ECL related queries).
Who you are…
As the Senior Revenue Accountant you will have:
- Strong understanding and extensive hands-on experience in practical application of revenue accounting under IFRS 15 in a software/licensing/ SAAS environment.
- Strong technical accounting skills, UK GAAP and IFRS.
- Demonstrable experience of working in a fast-paced, multi-currency environment.
- Ability to present and communicate complex information clearly and concisely to a finance and non-finance audience.
- Confidence in being able to advise and challenge on accounting matters.
- Solid organisational skills and ability to work both independently and collaboratively, juggle multiple projects, and prioritize workload to meet deadlines.
- Strong excel skills with aptitude to understand systems and how to use them for efficient financial reporting.
- Organised, methodical, rigorous, and autonomous.
- Ability to thrive in a dynamic, constantly evolving, small team environment.
- Ability to build strong working relationships.
What makes you, you…
As the Senior Revenue Accountant you will have the following knowledge and experience:
- Revenue reporting under IFRS 15 for a SAAS business.
- Technical revenue knowledge for a global, multicurrency, software organisation.
- Stakeholder management.
- 2+ years post-qualified accountant (ACA/ACCA) experience in industry.
- Supporting with audit queries.
- Intermediate Excel skills (Pivot tables/ SUMIFS/ VLOOKUPS).
- Systems experience (nice to have: SAP ByD, Tableau, Salesforce).
Qualifications
- Undergraduate degree or equivalent.
- ACA/ ACCA qualification.
Additional Information
#LI-Remote
Trustonic is an equal opportunity employer. We do not discriminate on any grounds. We empower, engage, enable and value differences between people, including; different races, ethnicities, genders, ages, religions, disabilities and sexual orientations, with differences in education, backgrounds, skill sets, experiences and knowledge.
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Senior Revenue Accountant employer: Trustonic
Contact Detail:
Trustonic Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Revenue Accountant
✨Tip Number 1
Familiarize yourself with IFRS 15 and its application in a software/licensing environment. This will not only help you understand the technical requirements of the role but also demonstrate your expertise during discussions with the hiring team.
✨Tip Number 2
Highlight your experience in managing month-end, quarter-end, and year-end close processes. Be prepared to discuss specific examples of how you've ensured compliance and accuracy in revenue reporting in previous roles.
✨Tip Number 3
Showcase your ability to collaborate with both finance and non-finance teams. Prepare to share instances where you've successfully communicated complex accounting information to diverse audiences, as this is crucial for the role.
✨Tip Number 4
Demonstrate your proficiency in Excel and any relevant systems like SAP or Tableau. Being able to discuss how you've used these tools to enhance financial reporting will set you apart from other candidates.
We think you need these skills to ace Senior Revenue Accountant
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Revenue Accountant position. Highlight your experience with IFRS 15 and revenue accounting in your application.
Tailor Your CV: Customize your CV to reflect your relevant experience in revenue accounting, particularly in a software or licensing environment. Use specific examples that demonstrate your technical skills and ability to manage complex contracts.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your enthusiasm for Trustonic's mission and culture. Mention how your values align with their commitment to diversity and community.
Showcase Your Technical Skills: In your application, emphasize your strong Excel skills and any experience with systems like SAP, Tableau, or Salesforce. Provide examples of how you've used these tools to improve financial reporting or processes.
How to prepare for a job interview at Trustonic
✨Showcase Your Technical Expertise
Make sure to highlight your strong understanding of revenue accounting under IFRS 15. Be prepared to discuss specific examples from your experience in a software or licensing environment, as this will demonstrate your hands-on knowledge and ability to apply technical standards.
✨Communicate Clearly and Concisely
Since the role involves presenting complex information to both finance and non-finance audiences, practice explaining intricate accounting concepts in simple terms. This will show your ability to bridge the gap between technical and non-technical stakeholders.
✨Demonstrate Your Problem-Solving Skills
Be ready to discuss instances where you've identified and implemented process improvements within finance teams. Highlight how you managed to enhance efficiency and accuracy in billing, revenue, and receivables, which aligns with the company's focus on strong financial control.
✨Build Rapport with Interviewers
Given the emphasis on collaboration and relationship-building in the job description, take the time to connect with your interviewers. Show your interpersonal skills and ability to work well in a team, as this is crucial for thriving in a dynamic environment.
