Senior Manager, Revenue Recognition
Oracle Cloud Infrastructure
The Revenue Recognition Technical Program Office is a diverse and high-performing team of motivated professionals who apply deep technical accounting and finance expertise to help Oracle stakeholders structure and execute strategic customer transactions that maximize revenue while mitigating risk.
The team’s responsibilities include active participation in strategic contract reviews, technical accounting assessments of Oracle programs, and analysis of evolving regulatory developments. It also provides technical accounting advisory support to the Global Revenue Recognition organization.
As a member of this team, you will play a critical role in upholding Oracle’s fiduciary standards by ensuring that revenue is recognized in full compliance with U.S. GAAP (primarily ASC 606 and ASC 842) and in alignment with Oracle’s Revenue Recognition, Internal Controls, Finance & Accounting, and Business Practices policies.
Revenue Recognition Mission
We promote consistent revenue recognition practices through collaboration with our stakeholders, training and development, and continuous improvement of our processes, all while remaining committed to our responsibility as business fiduciaries.
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Looking for a Senior Manager of Revenue Recognition with strong ASC 606 technical knowledge and cloud business model experience who enjoys working in a fast paced and constantly evolving environment.
Disclaimer:
Certain US customer or client-facing roles may be required to comply with applicable requirements, such as immunization and occupational health mandates.
Range and benefit information provided in this posting are specific to the stated locations only
US: Hiring Range in USD from: $109,200 to $223,400 per annum. May be eligible for bonus and equity.
Oracle maintains broad salary ranges for its roles in order to account for variations in knowledge, skills, experience, market conditions and locations, as well as reflect Oracle’s differing products, industries and lines of business.
Candidates are typically placed into the range based on the preceding factors as well as internal peer equity.
Oracle US offers a comprehensive benefits package which includes the following:
1. Medical, dental, and vision insurance, including expert medical opinion
2. Short term disability and long term disability
3. Life insurance and AD&D
4. Supplemental life insurance (Employee/Spouse/Child)
5. Health care and dependent care Flexible Spending Accounts
6. Pre-tax commuter and parking benefits
7. 401(k) Savings and Investment Plan with company match
8. Paid time off: Flexible Vacation is provided to all eligible employees assigned to a salaried (non-overtime eligible) position. Accrued Vacation is provided to all other employees eligible for vacation benefits. For employees working at least 35 hours per week, the vacation accrual rate is 13 days annually for the first three years of employment and 18 days annually for subsequent years of employment. Vacation accrual is prorated for employees working between 20 and 34 hours per week. Employees working fewer than 20 hours per week are not eligible for vacation.
9. 11 paid holidays
10. Paid sick leave: 72 hours of paid sick leave upon date of hire. Refreshes each calendar year. Unused balance will carry over each year up to a maximum cap of 112 hours.
11. Paid parental leave
12. Adoption assistance
13. Employee Stock Purchase Plan
14. Financial planning and group legal
15. Voluntary benefits including auto, homeowner and pet insurance
The role will generally accept applications for at least three calendar days from the posting date or as long as the job remains posted.
Career Level - M3
RESPONSIBILITIES:
- Maintain an up to date and thorough knowledge of Oracle’s Revenue Recognition, Internal Controls, Business Practices and Finance & Accounting policies
- Partner closely with business leaders and cross functional teams, from initial deal concept through final revenue recognition, on strategic AI transactions, providing revenue recognition guidance on deal structures and terms, ensuring revenue business leaders understand any non standard accounting impact, and ensuring that revenue is recognized in accordance with Oracle’s Revenue Recognition policies
- Develop and maintain relationships with external stakeholders, promote a highly collaborative work environment and promote and provide training
- Maintain an up to date and thorough knowledge of team objectives and initiatives, and ensure direct reports understand and align goals & objectives accordingly
- Maintain an up to date working knowledge of Global RevRec and Oracle systems, databases and communication tools
- Lead or assist in special projects as assigned, promote team participation in projects
- Work with the Revenue Recognition team, external and internal auditors and respective business partners to prepare and maintain quarterly controls
- Responsible for performance management, conducting annual reviews, and identifying training and development needs for self and any direct reports
PERSONAL SKILLS:
- Proven background in Big 4 accounting or advisory, with significant exposure to complex accounting issues.
- Demonstrated revenue recognition management experience within a cloud services provider or organization
- Strong technical accounting acumen with ability to comprehend and apply technical guidance to complex scenarios
- Ability to present and effectively communicate complex accounting issues
- Excellent decision-making and problem-solving abilities, with sound professional judgment.
- Strong influencing, communication and persuasion skills at all levels
- Ability to present and effectively communicate complex accounting issues
- Strong organization skills, with the ability to manage and prioritize multiple, competing tasks, while maintaining attention to detail
- Ability to work under pressure in a fast-paced demanding environment
- Ability to manage and stay connected with internal and external stakeholders in a remote working environment
- Highly customer focused and results oriented
- A self-starter with the ability to work both independently and collaboratively
- Strong organizational awareness, with ability to recommend improvements in a rapidly changing environment
- Fluent in English (spoken and written) is essential;
QUALIFICATIONS:
- Minimum of 7+ years revenue recognition ASC 606 and accounting US GAAP experience
- Working knowledge of ASC 842 preferred
- Minimum of 5+ years of management and leadership experience
- Business degree, masters or MBA qualification
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