Senior Executive - Revenue Recognition
Ascendion
Description
Job Description
Position Title: Senior Executive – Revenue Recognition
Function: Finance / Accounting
Experience: 2–3 years Qualification: CA / CMA / ACCA
Location: Vadodara
Role Overview
The Senior Executive – Revenue Recognition will be responsible for ensuring accurate and timely revenue accounting in compliance with applicable accounting standards (Ind AS / IFRS / US GAAP). The role includes hands-on involvement in revenue recognition, month-end close activities, and consolidated financial statement preparation, working closely with cross-functional teams.
Key Responsibilities
Revenue Recognition & Accounting
· Perform revenue recognition in accordance with Ind AS 115 / IFRS 15 / ASC 606, including identification of performance obligations and timing of revenue.
· Review contracts and support assessment of accounting treatment, including variable consideration, contract modifications, and allocation of transaction price.
· Ensure accurate accounting for deferred revenue, accruals, rebates, credits, and adjustments.
Financial Close & Reporting
· Support monthly, quarterly, and annual close processes related to revenue and receivables.
· Prepare and reconcile revenue-related GL accounts, supporting schedules, and reconciliations.
· Assist in preparation of consolidated financial statements and disclosures.
Compliance & Controls
· Ensure compliance with internal controls, accounting policies, and audit requirements.
· Support statutory, internal, and external audits by providing schedules, explanations, and documentation.
· Assist in documenting revenue accounting policies and SOPs.
Stakeholder & Cross-functional Support
· Coordinate with Sales, Legal, Operations, and Billing teams to resolve revenue-related issues.
· Provide finance support for deal structuring from an accounting perspective.
· Respond to reporting requests from management and stakeholders.
Process Improvement
· Identify opportunities to improve revenue accounting processes, controls, and automation.
· Support system enhancements and finance transformation initiatives where applicable.
Required Qualifications & Experience
· CA / CMA / ACCA (Qualified)
· 2–3 years of relevant experience in revenue recognition, accounting, and financial reporting
· Hands-on experience with Revenue Recognition standards (Ind AS 115 / IFRS 15 / ASC 606)
· Exposure to consolidated financial statements and month-end close processes
· Experience in a corporate accounting, shared services, or Big 4 environment preferred
Technical & Functional Skills
· Strong understanding of accounting principles and revenue recognition concepts
· Experience working with ERP systems (SAP / Oracle / NetSuite or similar)
· Proficiency in MS Excel; exposure to automation or BI tools is a plus
· Good documentation and reconciliation skills
Behavioral & Soft Skills
· Strong analytical and problem-solving skills
· Attention to detail with ability to meet tight deadlines
· Good communication and stakeholder management skills
· Ability to work independently and in cross-functional teams
About Ascendion
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