Director Revenue Recognition

3 weeks ago

Sunnyvale, United States CareerBuilder Full time

Synopsys is seeking a highly skilled and motivated Director of Revenue Recognition to join our dynamic team. You will play a crucial role, leading a team in ensuring compliance with Software Revenue Recognition guidelines, specifically ASC-606. You will work closely with various departments, including Sales, Contracts, Revenue Accounting, Order Management, and External Auditors. Your primary responsibility will be to lead a team and provide guidance on structuring terms and conditions in contracts to ensure accurate revenue recognition. Additionally, you will prepare, document, and justify revenue recognition through summary reports/packages, presenting them to external auditors after each quarter-end. You will also be responsible for documenting Synopsys' policies and procedures to ensure compliance with ASC-606 and participating in training Sales, Contracts, and Order Administration staff.

Furthermore, you will contribute to process improvements across various functions, review M&A contracts, and prepare revenue positions for the company. This role requires strong analytical skills, attention to detail, and the ability to collaborate effectively with cross-functional teams.

Responsibilities:
Collaborate closely with Sales, Contracts, Revenue Accounting, Order Management, and External Auditors to ensure compliance with Software Revenue Recognition guidelines (ASC-606).
Provide guidance on structuring terms and conditions in contracts to ensure accurate revenue recognition.
Prepare, document, and justify revenue recognition through summary reports/packages and present them to external auditors after each quarter-end.
Document Synopsys' policies and procedures to ensure compliance with ASC-606.
Participate in training Sales, Contracts, and Order Administration staff on revenue recognition guidelines.
Identify and recommend process improvements across various functions to enhance efficiency and accuracy in revenue recognition.
Review M&A contracts and prepare revenue positions for the company.
Stay updated on industry trends and changes in revenue recognition regulations.
Partner with sales planning team to provide timely and accurate inputs for revenue forecasting.
Expand and manage a center of excellence team in an overseas location.

Qualifications:
A CPA or a postgraduate degree in business is expected.
Big-4 public accounting/advisory experience will be a strong plus for this role.
In-depth knowledge and understanding of Software Revenue Recognition guidelines, specifically ASC-606.
Semi-conductor industry specific experience will be a strong plus.
Strong analytical skills and attention to detail.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
Demonstrated ability to work independently and manage multiple priorities in a fast-paced environment.
Proven experience in preparing and justifying revenue recognition documentation for external audits.
Knowledge of accounting principles and familiarity with financial reporting processes.
Experience in process improvement initiatives is highly desirable.
Ability to review complex contracts and interpret their impact on revenue recognition.
Strong problem-solving skills and the ability to recommend practical solutions.
Proficiency in relevant software and tools.
Ability to adapt to changes in regulations and proactively implement necessary adjustments.
Leadership skills and experience in directing and managing a team.
Deep understanding of end-to-end Quote to Cash processes including typical systems/tools and control environments.

At Synopsys, were at the heart of the innovations that change the way we work and play. Self-driving cars. Artificial Intelligence. The cloud. 5G. The Internet of Things. These breakthroughs are ushering in the Era of Smart Everything. And were powering it all with the worlds most advanced technologies for chip design and software security. If you share our passion for innovation, we want to meet you.

Inclusion and Diversity are important to us. Synopsys considers all applicants for employment without regard to race, color, religion, national origin, gender, sexual orientation, gender identity, age, military veteran status, or disability.

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