Zone Revenue Recognition - Senior Manager (282238)

At Siemens we are always challenging ourselves to build a betterfuture. We need the most innovative and diverse Digital Minds to developtomorrow’s reality. Find out more about the Digital world of Siemenshere: www.siemens.com/careers/digitalminds Zone Revenue Recognition -Senior Manager Position Overview: The Zone Revenue Recognition

Senior Manager provides leadership, development and direction in structuring

Siemens Industry Software multi-element transactions to comply

with software revenue recognition rules with specific reference to

IFRS 15 (Revenue from Contracts) and Siemens financial policies while

maximizing revenue and providing solutions to complex sales issues. The Senior Manager provides this in the

context of the entire Quote to Cash Value chain and therefore conveys enhanced

risk awareness and deal optimization opportunities to the transaction. The Senior Manager also plays an active role

in the integration activity of acquired companies.Collaborating with Sales and

Legal teams to provide revenue recognition guidance for large and complex

multiple element arrangements, unique situations and new business models to determine

the appropriate accounting treatment for revenue; Document revenue accounting

treatment by summarizing the specifics of the transaction and overseeing the

preparation of post deal documentation to support conclusions; Actively reviews, analyzes, and manages the

key controls within the domain of responsibility to ensure compliance with

legal and accounting requirements (IFRS, and Siemens Financial Policies); May direct activities of 1 or more Revenue

Analyst; Exceptional awareness of upstream and downstream activities in the

Quote to Cash process that may impair revenue recognition, with a particular

focus on Order Processing and Credit & Collection Services; Actively

driving planning and scoping Integration and Acquisition related activity.Responsibilities: Supporting Country Finance, Sales and Legal teams to providepre-execution revenue recognition advisory guidance for large and complexmultiple element arrangements, unique situations and new business models

Strong Awareness of the entire Quote to Cash valuechain along with its interdependencies to ensure a more complete & holisticadvisory service to the business

Document revenue accounting treatment by summarizing the specifics of thetransaction (Revenue Accounting Checklists) and overseeing the preparation ofpost deal documentation to support conclusions

Reviewing Sales transactions for violations of StandAlone Selling Price (SSP) and guiding sales on adjusting pricing approach toconform to SSP bandings;

Proactively participating in leading the Quote to Cash relatedintegration activities of acquired businesses

Provide coaching and support to the Zone Revenue Analysts, CountryFinance, and Sales teams to ensure policies are applied consistently acrossregions

Actively reviews, analyses, and manages the keycontrols within the domain of responsibility to ensure compliance with legaland accounting requirements (IFRS, and Siemens Financial Policies)

Develop training materials and provide ongoingtraining to business finance, sales and operation teams

Required Knowledge/Skills, Education and Experience Exceptionalunderstanding and practical application of Revenue Recognition rule (IFRS 15)

8+ years of experience ina finance function, specifically with Revenue Recognition and Software Sales support University degree andProfessional Accounting certification (US CPA, CIMA, ACA, CIMA)

Ability to work in a teamenvironment

Apply common sense tosituations and deal with variable and complex information

Confident approach whendealing with internal and external customers

Abilityto work with and be a part of an international team

Working Conditions/Physical Requirements: This role is office basedat a Siemens location (typically Head office)

Some amount of travel maybe required <20%

Dueto Sales and Customer Service environment flexibility is needed, particularlytoward monthly and quarterly close cycles.

Siemens Industry Software Inc. requires employees to be fully vaccinated against COVID-19 unless granted an accommodation due to a disability or sincerely held religious belief or practice. #LI-PLM #LI-DK1Organization: Digital IndustriesCompany: Siemens Industry Software Inc.Experience Level: Experienced ProfessionalJob Type: Full-timeEqual Employment Opportunity StatementSiemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.EEO is the LawApplicants and employees are protected under Federal law from discrimination. To learn more, Click here (https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm) .Pay Transparency Non-Discrimination ProvisionSiemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp%20EnglishformattedESQA508c.pdf) .California Privacy NoticeCalifornia residents have the right to receive additional notices about their personal information. To learn more, click here (https://new.siemens.com/us/en/general/legal/us-internet-privacy-notice-state-rights.html) .