SAP RAR Consultant

Job Description

• Job Title:                          SAP S/4HANA RAR Consultant
  Location :                          Hyderabad/Chennai
  Work Mode:                      Hybrid 
  Shift  Time:                       02:00 PM to 11:00 PM IST
  Work Type:                        Full time
  
• Implement and optimize SAP RAR solutions in accordance with ASC 606 and IFRS 15 for accurate revenue recognition, ensuring compliance with the latest accounting standards.
• Collaborate with business stakeholders to design and configure SAP RAR solutions, translating complex accounting standards and business requirements into SAP functionality.
• Manage service order management processes, as well as cost accounting and margin analysis, to ensure accurate accounting for service-related revenue and costs.
• Lead/participate in the implementation of RAR. Conduct workshops, configure, prepare test scripts, execute test scripts, data conversion experience, best practices knowledge.
• Requirements:
  
• 10 years of experience working with SAP, including at least 5 years in SAP Revenue Accounting and Reporting (RAR).
• Strong experience with ASC 606 and IFRS 15, and their application within SAP systems.
• Expertise in configuring and supporting SAP Revenue Accounting and Reporting (RAR) within ECC & S4 HANA environment.
• Participated in RAR conversion.
• Familiarity with SAP FICO (Financial Accounting & Controlling) modules, specifically related to revenue recognition and cost accounting.
• Knowledge of integration between SAP RAR and other SAP modules such as SD (Sales and Distribution) and MM (Materials Management) for end-to-end process management.
• BRF+ Rule set creation, defining Rule set inputs & outputs, rule set execution and debugging.
• BRF+ implementing actions and decision tables along with Integrating BRF+ rules with SAP applications.
• Strong ability to translate complex accounting principles into practical, actionable solutions within SAP.
• Proficient in margin analysis, cost accounting, and financial reporting for service-based revenues and costs.
• Bachelor s degree in Accounting, Finance, Business, or a related field. CPA or other relevant certifications a plus.
• Work closely with cross-functional teams (finance, IT, business stakeholders) to implement solutions, resolve issues, and improve business processes related to revenue accounting and reporting.
• Identify and recommend opportunities for process improvements and system optimizations to enhance the efficiency and effectiveness of revenue recognition and accounting operations.