Job Description
Job Description
Revenue Assurance and Contract Maintenance
- Review the Statements of Work and determine proper revenue recognition criteria and ensure compliance with dentsu policies and escalate any evident risks to the Manager (Revenue) / Director of Revenue Accounting.
- Ensure revenue is recognized in accordance with the contractual terms is and compliant with IFRS 15
- Ensure that statements of work/POs are compliant and assessed for potential risks
- Ensure that statements of work/POs are agreed and signed before work is undertaken
- Fulfil information requests for internal, external financial and client audits
- Create and update monthly revenue recognition schedule for all portfolio clients.
- Work closely with Commercial Finance, Client Teams, and FP&A as it relates to revenue forecasting
- Work closely with Client Teams to build relationships and understanding the service offerings and deliverables provided
- Ensure appropriate revenue recognition during the period-end while ensuring all necessary accruals are properly reviewed and approved.
- Review month-end variances to forecasted revenue by providing detailed explanations to the Commercial Finance and Client Teams surrounding the variances.
- Perform month end tasks to verify client revenue and the review of the accrued and deferred income balance sheet accounts
- Supply the Commercial Finance Team with key information to feed into the forecasting process
- Maintain a robust audit trail for revenue accounting and reporting
- Participate in and provide the required inputs for the month-end close review meeting with Commercial Finance and Financial Control teams
- Drive continuous improvements in the processes for reporting revenues
- Provide input in analysing and reporting changes to revenue and revenue-related balance sheet lines ensuring that risk items are identified and actively managed
- Liaise with Operations Team to ensure the accuracy of client invoicing
- Assist with review of unbilled amounts with Operational Finance and Client Teams
EXPERIENCE AND QUALIFICATIONS
- CPA/CA with 2 - 4 years experience or semi qualified accountant/ finance graduate with 6 - 8 years experience in a revenue accounting role
- Knowledge of D365, MediaOcean, Nexelus or similar client job costing/media booking and accounting platforms
- Excellent IT skills and experience using the Microsoft D365 accounting system desirable
SKILLS
- Ability to demonstrate strong Microsoft Excel and system skills
- Proven ability to work well in a fast-paced environment and manage and prioritise multiple, conflicting deadlines under pressure and navigate effectively amidst ambiguity and change
- Exhibit a problem-solving mindset and strong work ethic
- Be a strong team player
- Demonstrate excellent communication and interpersonal skills across a wide range of stakeholders, exhibiting relationship building capabilities and influencing collaborative outcomes
- Possess a drive for continuous improvement and performance excellence in their area of responsibility
- Able to educate and instill awareness across the business on revenue recognition principles
- Able to understand the different kinds of revenue streams
