Job Summary
The Red Hat regional Revenue team is looking for a Senior Revenue Accountant. In this role, you will be responsible for varied accounting and compliance activities. You'll familiarize yourself with the global business and work with the Sales team to assist in contract negotiation. Your role will be split between technical accounting responsibilities and supporting the sales organization on deal structure and review. As a Senior Revenue Accountant, you will collaborate with the Deal Desk and Legal teams to provide assistance to both the Sales team and stakeholders to structure and document complex deals while adhering to the corporate policies, processes, programs, and systems that affect the structure and implementation of revenue transactions.
Responsibilities
Work with the regional Revenue team to ensure that transactions are appropriately considered and accounted for under the requirements of the U.S. Generally Accepted Accounting Principles (GAAP)
Review sales contracts to determine appropriate application of revenue recognition principles
Review business terms language in non-standard or complex agreements to comply with corporate policies; ensure the use of Red Hat agreements and business forms whenever possible
Work closely with the Legal & Deal Desk teams on contract review and revision
Advise the Project Accounting and Order-to-Cash teams on accurate deal processing
Coordinate deal or agreement review and approval by stakeholders using defined processes and systems
Ensure the use of the corporate approval framework and associated policies
Prepare account reconciliations and journal entries
Work on special revenue projects, including the implementation of new systems and standards
Report and analyze revenue results
Assist with analyzing standalone selling price
Ensure compliance with internal controls and processes
Engage with internal and external audit teams to support the quarterly review and annual audit activities
Perform Monthly closing in RevStream & Disclosure reporting.
Identify and develop best practices and process improvements
Perform ad hoc tasks as necessary
Required Skills
5+ years of relevant work experience
Bachelor’s degree or higher in business, accounting, or finance
Ability to manage multiple priorities under given time constraints and deadlines
Internal and external stakeholder customer management skills
Solid analytical abilities with advanced spreadsheet skills
Experience with Salesforce.com (SFDC), Oracle, or RevStream
Demonstrated experience working in a cross-functional team
Meticulous, ability to work on your own, and good problem-solving skills in a fast-paced environment
Recent experience related to the new Revenue Recognition Guidance (ASC 606) is a plus
About Red Hat
Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver high-performing Linux, cloud, container, and Kubernetes technologies. Spread across 40+ countries, our associates work flexibly across work environments, from in-office, to office-flex, to fully remote, depending on the requirements of their role. Red Hatters are encouraged to bring their best ideas, no matter their title or tenure. We're a leader in open source because of our open and inclusive environment. We hire creative, passionate people ready to contribute their ideas, help solve complex problems, and make an impact.
Diversity, Equity & Inclusion at Red Hat
Red Hat’s culture is built on the open source principles of transparency, collaboration, and inclusion, where the best ideas can come from anywhere and anyone. When this is realized, it empowers people from diverse backgrounds, perspectives, and experiences to come together to share ideas, challenge the status quo, and drive innovation. Our aspiration is that everyone experiences this culture with equal opportunity and access, and that all voices are not only heard but also celebrated. We hope you will join our celebration, and we welcome and encourage applicants from all the beautiful dimensions of diversity that compose our global village.
Equal Opportunity Policy (EEO)
Red Hat is proud to be an equal opportunity workplace and an affirmative action employer. We review applications for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, ancestry, citizenship, age, veteran status, genetic information, physical or mental disability, medical condition, marital status, or any other basis prohibited by law.
Red Hat does not seek or accept unsolicited resumes or CVs from recruitment agencies. We are not responsible for, and will not pay, any fees, commissions, or any other payment related to unsolicited resumes or CVs except as required in a written contract between Red Hat and the recruitment agency or party requesting payment of a fee.
Red Hat supports individuals with disabilities and provides reasonable accommodations to job applicants. If you need assistance completing our online job application, email application-assistance@redhat.com. General inquiries, such as those regarding the status of a job application, will not receive a reply.