Finance Specialist Job

Job description

Requisition ID: 123760
Work Area: Finance
Expected Travel: 0 - 10%
Career Status: Professional
Employment Type: Regular Full Time

 

COMPANY DESCRIPTION

 

As market leader in enterprise application software, SAP helps companies of all sizes and industries innovate through simplification. From the back office to the boardroom, warehouse to storefront, on premise to cloud, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable customers to operate profitably, adapt continuously, and grow sustainably.

 

ROLE DESCRIPTION:

·  Participates in the general administration of the finance and accounting function. For accounting, this includes more specialized activities that are performed to meet accounting and financial reporting requirements that result from legal obligations or SAP internal global policies. For finance, this may include more specialized or specific administering activities such as accounting, commissions, order management, accounts receivable, treasury management, contracts or billing that may not be in scope of a global Finance Shared Service organization. These roles may complete transactions within a specialized area and may interact with the broader F&A Community to achieve desired results/services.

 

·  Revenue Recognition: Overlooks all main areas of SAP’s Revenue Recognition Policy (on premise deal support, cloud, consulting, CDP). Provide revenue recognition deal support or business model innovation support for specific region, territory, or on a global level. Involved in fair value compliance testing activities, providing revenue recognition guidance for end customer contracts or business models ensuring compliance with the SAP Revenue Recognition Policy- Participate in the monthly close process.

 

·  Accounting :  Participates in the monthly close process including posting journal entries, reviewing and reconciling balance sheet and profit and loss accounts, and providing detailed analysis.  Creates, posts, and reconciles intercompany transactions while ensuring compliance with the SAP Accounting Guidelines. Assists with the annual financial audits, tax audits as well as the preparation of the year-end financial reporting packages.

 

·  Order Management: Responsible for administration of customer contract which includes creation of customer information in SAP's systems, such as customer master data, creation of installations, customer contact information related to the booking of a contract, invoicing customers, software delivery and revenue recognition of deals booked.

 

·  Cash Collections / Accounts Receivable (GCCO) : Performs monitoring and collection of receivables including overdue receivables for selected group of customers. Proactively calls customers to reassure the time of invoice payment. Investigates billing discrepancies and responds to external queries through Dispute Cases. May participate in projects and LOB conference calls or case council meetings. Investigates A/R impairments and proposes Sales Allowances.

 

·  Treasury : Responsible for daily treasury activities like financial risk management, financial asset management, FX and cash management. Provides reporting, forecasting and related support to internal customers

 

·  Billing : Ensures timely and accurate customer billing.  Analyzes pending billing, identifies potential quality issues and resolves directly with upstream personnel. Focus on process efficiency and IT improvements to improve upstream billing processes.

 

·  Licensing: Understands, supports and performs all processes and tasks around third party licensing in a reliable and quality driven manner. Negotiates basic agreements with third party providers and oversees and coordinates license negotiations including draft agreements and provide executive summaries, risk evaluations and mitigation plans according to SAP’s licensing standards and audit relevant regulations (SOX 404, ISO9001) in cooperation with upstream personnel (line) and other stakeholders. Provides advisory services around third party licensing and business models and the corresponding processes to internal customers. Reviews licensing agreements and performs licensing validations for multiple business and distribution channel.

 

·  Contracts: Prepares, negotiates and administers software licensing, professional services, non-disclosure, outsourcing, partnering and other contracts directly with internal lines of business and external customers. Interprets legal guidelines and understands and applies contractual/legal principles.

 

·  Credit Management:   Maintains and analyzes credit decision systems and data for the financial evaluation of SAP customers and prospects. Ensures accurate and timely credit checks to improve collectability and profitability and engages as necessary with internal and external customers while following clear and consistent guidelines and global best practices for the conduct of Credit Management at SAP. Endeavors to obtain a transparent view of the customer’s financial situation, allocates appropriate credit limits in alignment with defined policies to reduce credit risks, and implements an early warning to internal stakeholders on prospects not considered to be creditworthy.

 

WORK EXPERIENCE:

·  > 2-5 years professional experience
·  1-3+ years of accounting, treasury or finance experience or in required field (payroll, commissions, billing, banking, cash management, etc)
·  Good understanding of IFRS accounting issues and Sarbanes-Oxley requirements and local accounting skills.

 

Contracts: Requires a general understanding of software license contracts and delivery of associated services; 3 to 5 years’ experience with software/software related services terms & conditions negotiation.

Desired profile

EDUCATION AND QUALIFICATION / SKILLS AND COMPETENCIES

·  Bachelor or master degree in Accounting/Finance/IT law or related business background
·  Experience with SAP ERP preferred
·  Proficient in Microsoft Excel and Word
·  Fluent in English

 

SAP'S DIVERSITY COMMITMENT

 

To harness the power of innovation, SAP invests in the development of its diverse employees. We aspire to leverage the qualities and appreciate the unique competencies that each person brings to the company.

 

SAP is committed to the principles of Equal Employment Opportunity and to providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment with SAP and are in need of accommodation or special assistance to navigate our website or to complete your application, please send an e-mail with your request to Recruiting Operations team ************@*******.** ************@*******.** , ************@*******.** , ************@*******.** ). Requests for reasonable accommodation will be considered on a case-by-case basis.

 

EOE AA M/F/Vet/Disability:

 

Qualified applicants will receive consideration for employment without regard to their age, race, religion, national origin, gender, sexual orientation, gender identity, protected veteran status or disability.

Additional Locations: No Selection