Manager, Revenue Recognition en IPC Systems

TITLE: Manager, Revenue Recognition

DEPARTMENT: Finance

REPORTING TO:  Chief Accounting Officer

OFFICE LOCATION: New York City

ROLE TYPE: Hybrid, Full Time

Overview of the Team 

The accounting team is made up of individuals in the United States, Madrid, Spain and Kuala Lumper, Malaysia.  The revenue team performs the accounting related to the Company’s customer contracts.  The Manager, Revenue Recognition will oversee the revenue accountants and review large customer contracts to ensure proper accounting in accordance with GAAP.

Role Overview:

The Manager, Revenue Recognition will oversee a team of accountants located in the Madrid, Spain and Kuala Lumper, Malaysia offices.  To ensure revenue is recorded in accordance with GAAP, this individual will interface with Sales and review key contract terms, as needed, and large contracts to assess revenue recognition. 

The Manager, Revenue Recognition will be responsible for the following tasks:

• Oversee an international team of six revenue accountants to ensure timely and accurate recording of revenue and cost of goods sold entries.
• Lead the adoption of ASC 606 for SaaS revenue recognition practices, ensuring accurate revenue reporting in a subscription-based model
• Review the monthly fluctuation analysis prepared by the team, explaining variances between budget and/or forecast and the actual monthly results
• Review the monthly margin by customer file for review by executive management and explain variances between the expected and actual margins
• Review new large customer contracts to ensure compliance with ASC 606 and proper revenue recognition.
• Review new reseller agreements to determine IPC's role (principal vs. agent) and document the analysis and conclusions.
• Ensure the accuracy and completeness of revenue footnotes in the audited financial statements.
• Contribute to the annual review and update of the Company’s ASC 606 policy.
• Assist with ensuring internal controls are in place, documented and updated periodically as appropriate.
• Participate in any updates to the RMCS revenue module within Oracle for the purpose of automating the revenue accounting process and ensuring compliance with the Company’s ASC 606 policy
• Collaborate with the team to ensure audit requests are provided to external auditors for the annual consolidated audit and any statutory audits.
• Provide senior management with detailed financial analyses, customer margin insights, and variance explanations between budget/forecast and actual results.
• Mentor and guide the revenue accounting team to build careers and support their professional development.
• Drive change management as IPC transitions to a SaaS model, refining revenue recognition processes to align with the company’s growth trajectory.
• Assist with ad hoc projects and responsibilities as needed.

How You Will Make an Impact: 

• Play a key role in ensuring revenue is recognized accurately and efficiently in line with both U.S. GAAP and our SaaS strategy.
• Help automate accounting processes, making a lasting impact on both the accuracy and efficiency of IPC’s financial reporting.
• Influence company-wide decision-making by providing detailed analyses of revenue recognition and margin data.

Essential Skills and Experience to be Successful in this Role:

• 5-10 years of relevant experience from public accounting and/or multinational company, ideally in the fintech or SaaS sectors.
• Experience with revenue recognition in a SaaS environment, including:
  • Managing subscription-based revenue
  • Long-term contracts
  • Deferred revenue
• Strong knowledge of ASC 606 and its application to SaaS or subscription-based revenue models
• Certified Public Accountant (CPA) license is preferred, but equivalent experience will also be considered.
• Excellent knowledge and understanding of US GAAP and internal controls
• Experience with revenue recognition in a SaaS environment, particularly managing subscription-based revenue, long-term contracts, and deferred revenue, is highly preferred.
• Excellent communication skills, with the ability to work collaboratively across multiple teams and influence decision-making at the executive level.

Desired Skills and Experience:

• Proven ability to lead change management initiatives in finance functions, particularly in a growing or transitioning company.
• Ability to perform independent research and prepare financial analyses, including the impact of accounting and regulatory pronouncements on the company’s financial statements and accounting and disclosure practices
• Experience in control execution/documentation
• Detail-oriented with demonstrated oral and written communication skills
• Ability to work with senior management and influence decision making
• Strong multi-tasking skills and ability to adapt to change
• Ability to take ownership of projects and drive them through to completion
• Ability to work with all levels of personnel, from staff to executive management

What’s in It for You?

At IPC, your compensation is only part of the package. We are committed to investing in a range of programs and initiatives to improve the overall experience of our employees.

In addition to a collaborative, high-performing team environment, we’re pleased to offer benefits including:   

• Competitive Base Salaries
• Medical, Dental and Vision
• 100% Employer Paid Short/Long Term Disability, AD&D and Life Insurance Coverage
• Limited & HealthCare Flexible Spending Accounts
• Dependent Care Flexible Spending Account
• Health Savings Accounts with Employer Contributions
• Pet Insurance
• Legal Insurance
• Critical Illness, Hospital Indemnity and Accident Coverage
• Commuter Benefits
• Medicare Services Education program
• Financial Wellness Account Fiduciary and Training
• Identity Theft Insurance
• 401(k) and Roth plan with matching contributions
• Flexible PTO, Sick Pay and Public Holidays
• Additional Time off for Charity Work and Volunteering
• Tuition Reimbursement
• Certification Bonus Program
• Access to “IPC University” our Internal E-Learning Platform
• Structured Onboarding Training and Peer Mentor Support
• Parental Leave Policy
• Free Mental Health Wellness Programs, Tools, Coaching and Free therapy sessions
• Employee Referral Scheme

Further information about your benefits will be provided during your onboarding process.

Additional Information:

At IPC, we believe that hybrid working creates an inclusive, flexible environment where employees can perform at their best, and teams can collaborate, innovate, and celebrate successes together. We spend around 60% of our time in the office and around 40% of our time working remotely. Some employees may be required to work from the office or client sites more than 60% of the time, if required by their role and/or client needs.

Your precise work schedule will be determined by you and your Line Manager before commencement of employment with IPC.

You can explore more about our culture, offerings and commitment on www.ipc.com/careers/ and www.ipc.com/about-us/about-ipc/.

IPC’s Work Culture:

The IPC work culture is one that fosters inclusion, prioritizes innovation, and maximizes potential. We are a global ecosystem, full of diverse people that together made IPC what it is today.

Our strength as an organization is the sum of our different backgrounds, perspectives, skills and geographies; supported by an ironclad commitment to constructive dialogue and open-mindedness.

We live and breathe our commitment to innovation by embracing bold ideas, seizing new opportunities and striving for excellence. Our people have continued to deliver ground-breaking solutions to our clients for over 50 years.