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We are seeking a detail-oriented and highly skilled IFRS 15 Subject Matter Expert to join our team at Fresenius Medical Care. The role will be responsible for ensuring accurate revenue recognition in compliance with IFRS 15, managing deal structures, while also maintaining the integrity of financial records in SAP RAR.
Responsibilities:
Validate approved running sheets, legal contracts, and business designs in SAP RAR to ensure accurate revenue recognition in compliance with IFRS 15 standards.
Strong ability to interpret and classify complex contract terms, including payment terms and performance obligations, in alignment with IFRS 15.
Experience in determining transaction prices, allocating revenue across multiple performance obligations, and maintaining detailed tracking systems.
Solid understanding of preparing journal entries and applying revenue recognition principles (over time or point-in-time) as per IFRS 15 standards.
Proven experience reconciling deferred and accrued revenue accounts, managing contract modifications, and supporting external audit processes.
Review and ensure the accuracy of IFRS 15 adjustments in financial records and standard revenue accounting reports
Lead revenue accounting system implementations, upgrades, and enhancement projects.
Collaborate with Finance and IT teams to define business requirements and system design.
Ensure IFRS 15 requirements are properly configured within ERP and revenue management systems.
Manage system testing activities, including:
User Acceptance Testing (UAT)
End-to-end process validation
Oversee data migration, reconciliation, and validation during implementation.
Drive automation initiatives to improve efficiency, accuracy, and controls.
Qualifications:
The candidate must have a Bachelor’s degree in Accounting, Finance, or related field; CPA qualification is a plus
Proven experience in revenue accounting and IFRS 15 compliance preferably in a GBS or shared service environment
Proficiency in SAP RAR and revenue accounting tools
Strong analytical skills in terms of interpreting financial data and identifying discrepancies
Excellent communication and interpersonal skills to collaborate with cross-functional teams
Amenable to a mid shift schedule