ASC 606 Accountant

Role & responsibilities

• Ensure accurate revenue recognition under ASC 606 guidelines for contracts with customers.
• Review customer contracts and assess revenue implications, including identifying performance obligations, transaction prices, and allocation of prices to performance obligations.
• Prepare Excel checklist for revenue recognition and adjustments.
• Collaborate with the peer Team in the US to assess contract terms and revenue impacts, if required.
• Maintain and improve revenue recognition policies, procedures, and controls.
• Ensure closure of contracts during month-end and quarter-end close processes related to revenue accounting.
• Assist with internal and external audits by providing documentation and explanations for revenue-related activities, support any Queries from the US Team.
• Ensure compliance with ASC 606 requirements.

Qualifications:

• Degree in Accounting, Finance, or a related field. CA preferred.
• 3+ years of accounting experience, with a focus on ASC 606 revenue recognition.
• Strong understanding ASC 606 principles.
• Advanced Excel skills and experience.
• Exceptional attention to detail, organizational, and analytical skills.
• Strong communication skills and ability to collaborate across teams.
• Ability to work independently and manage multiple priorities in a fast-paced environment.

Preferred Qualifications:

• Experience in SaaS, technology, or professional services industries.
• Knowledge of ASC 606 standards.
• Experience with revenue sub-ledgers or revenue management systems.