Revenue Accounting Senior Analyst

Cadence Systems•San Jose, CA

2d•$108,500 - $201,500•Remote

About The Position

At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology. This person will join a cohesive team whose environment thrives on collaboration across geographies and departments within the broader Quote-to-Cash team of a publicly-traded software company with $5.0B+ in annual revenues.

Requirements

4-6 years of industry and/or public accounting (Big 4) experience
High degree of ethics; meticulous attention to detail
Strong knowledge of ASC 606 and related guidance
BS in Accounting, Finance, or related field
Proficiency with Microsoft Excel
Excellent written and verbal communication skills
Strong analytical and critical thinking skills; ability to gather and evaluate information and formulate conclusions
Ability to work and communicate effectively with cross functional team
Ability to work on own initiative

Nice To Haves

Certified Public Accountant
Experience with SAP
Strong knowledge of ASC 842
Ability and desire to use AI and other tools to improve processes

Responsibilities

Reviewing software license, hardware, and services contracts and determining the most appropriate revenue accounting per relevant authoritative literature (e.g. ASC 606, ASC 842) and internal revenue recognition policies
Preparing contract memos highlighting key arrangement components and the five steps required for revenue recognition under ASC 606
Preparing analytical reports pertaining to revenue-related accounts on a recurring and ad hoc basis
Participating in quarterly reviews and annual audits conducted by internal and external auditors, including SOX 404 requirements
Performing quarter-end close activities, including posting journal entries, performing account reconciliations, and executing daily revenue transactions to ensure revenue is properly captured in the financial system
Contributing to or driving special projects as needed