Contract Revenue Analyst

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As we continue to expand our U.S. operations, we are seeking a Contract Revenue Analyst to oversee and elevate revenue recognition at contract level

Key Responsibilities:

• Actively support the implementation of a new SAP platform (P58), with particular focus on defining and workflow for Contract Revenue setup in the financial module, including contractual performance obligations and tracking mechanisms to ensure adequate revenue recognition at contract level.
• Track customer contracts over their lifecycle (from contract booking to cancellation) and account for financial impacts into the company books and records, ensuring adequate revenue recognition and financial impacts from leasing and contingent components (such as contract compliance to volume commitments).
• General understanding of accounting principles, including Multiple Element Arrangements (“MEA” – IFRS 15), Contract Combinations, and Leasing (IFRS 16).
• Execute timely registration and updates of customer contracts in the SAP financial module, ensuring accurate management of contractual performance obligations and consequently revenue recognition at contract level.
• Reconcile Revenue Recognition postings by contract ensuring reporting accuracy, as well as support the preparation of complex monthly account reconciliations and in- depth analysis of various contract types and balance sheet and P&L accounts associated with Customer Contracts.
• Contribute to cross-functional projects with accounting and financial expertise to enhance business efficiency and performance, including digitalization initiatives.
• Ensure proper Contract Revenue Recognition, driving accuracy and compliance of financial records/internal controls and proactively support internal and external auditors.
• Responsible for executing the registration of customer contracts into SAP P58 finance module, and update expected customer volumes in a quantity Management System (AQM system) for North America Diagnostics Business (US. and Canada).

Qualifications and Experience

• Bachelor’s degree: Accounting, Business Administration, Finance, or a related field.
• Minimum 1-3 years of experience in an accounting or contract management environment.
• Demonstrated expertise in SAP and revenue recognition.
• Strong understanding of financial value flows in SAP.
• Advanced experience with ERP systems, preferably SAP.
• Language requirement : Proficiency in English (Spanish or French would be a plus).
• Skills and Competencies
• Excellent with processes, workflow-oriented mindset
• Strong analytical mindset and the ability to evaluate complex financial data.
• Excellent communication and interpersonal skills.
• Strong analytical skills
• Inquisitive mindset to challenge existing processes and drive process improvements
• The base pay range for this position is: $ 63,620 - $87,472
• Factors which may affect starting pay within this range may include geography/market, skills, education, experience, and other qualifications of the successful candidate.
• If this is a commission eligible position the commission eligibility will be in accordance with the terms of the Company's plan. Commissions are based on individual performance and/or company performance.
• Who we are : We are a team of more than 72,000 highly dedicated Healthineers in more than 70 countries. As a leader in medical technology, we constantly push the boundaries to create better outcomes and experiences for patients, no matter where they live or what health issues they are facing. Our portfolio is crucial for clinical decision-making and treatment pathways.
• How we work: When you join Siemens Healthineers, you become one in a global team of scientists, clinicians, developers, researchers, professionals, and skilled specialists, who believe in each individual’s potential to contribute with diverse ideas. We are from different backgrounds, cultures, religions, political and/or sexual orientations, and work together, to fight the world’s most threatening diseases and enable access to care, united by one purpose: to pioneer breakthroughs in healthcare. For everyone. Everywhere. Sustainably.
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