About the role
At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology.
The Revenue Accounting Shared Services team is a highly visible and process-driven team responsible for supporting accurate, timely, and compliant revenue accounting and reporting across global regions. The team supports month-end and quarter-end close activities, revenue reconciliations, journal entries, deal review support, audit requirements, and process standardization in line with applicable accounting standards. This role will support the global Revenue Accounting function and will report directly to the Manager of Shared Services team.
Key Roles & Responsibilities
- Support end-to-end Revenue Accounting activities within the Shared Services model for global business regions.
- Assist with monthly and quarterly revenue close activities, including preparation, review, and posting of journal entries.
- Perform revenue reconciliations between source systems, sub-ledgers, and the general ledger to ensure completeness and accuracy.
- Support revenue recognition activities in line with applicable accounting standards, including ASC 606 and IFRS 15.
- Review sales orders, contracts, invoices, and supporting documents to validate revenue accounting treatment.
- Coordinate with Sales, Order Management, Billing, Controllership, and regional Revenue Accounting teams to resolve revenue-related queries.
- Prepare and maintain revenue schedules, supporting workings, and close-related documentation.
- Investigate and resolve revenue variances, system exceptions, billing differences, and reconciliation breaks.
- Support internal, statutory, and external audit requirements by providing accurate documentation and timely explanations.
- Ensure adherence to SOPs, internal controls, revenue policies, and compliance requirements.
- Support transition, knowledge transfer, and stabilization activities for newly transitioned revenue accounting processes.
- Prepare and maintain SOPs for transitioned Revenue Accounting activities to ensure process consistency, clear ownership, control adherence, and seamless execution within the RA Shared Services team.
- Identify process improvement and automation opportunities to improve accuracy, efficiency, and control effectiveness.
- Maintain proper process documentation, trackers, templates, and audit-ready records.
Required Skills & Qualifications
- Postgraduate, preferably MBA Finance, or equivalent finance qualification
- 4–6 years of relevant experience in Revenue Accounting, Revenue Recognition, or Finance Shared Services operations, preferably in an MNC environment.
- Good communication and stakeholder management skills to work with global region teams.
- Proficiency in MS Excel, advanced Excel functions, and reporting tools, knowledge of Macros and VBA will be an added advantage.
- Ability to work in a fast-paced, deadline-driven close environment with strong attention to accuracy and compliance.
- Hands-on experience with ERP and reporting systems such as SAP, SAP S4 Hana, SAP RAR Salesforce, Blackline, or similar tools.
- Knowledge of process improvement, automation, and standardization initiatives within finance operations.
- Possession of a valid US visa would be considered an added advantage.
Key Competencies
- Attention to detail
- Analytical thinking
- Process orientation
- Accountability and ownership
- Stakeholder collaboration
- Time management during close cycles
- Continuous improvement mindset
We’re doing work that matters. Help us solve what others can’t.
Aplyr's read
Cadence Design Systems excels in electronic design automation, attracting professionals passionate about integrated circuits and system-on-chip innovations.
What's promising
- •Cadence is a leader in electronic design automation, providing cutting-edge tools for semiconductor design.
- •The company offers diverse career paths, from digital verification to automotive solutions engineering.
- •Cadence's global presence provides opportunities for international collaboration and growth.
What to watch
- •The niche focus on EDA may limit opportunities for those seeking broader tech roles.
- •High competition in the semiconductor industry could impact job stability and growth.
- •Frequent technical updates require continuous learning, which may be challenging for some employees.
Why Cadence Design Systems
- •Cadence's software is integral to designing advanced integrated circuits and systems on chips.
- •The company has a strong reputation for innovation in electronic design automation.
- •Cadence's partnerships with leading tech firms enhance its influence in the semiconductor industry.
Aplyr’s read is generated by AI from public sources. Was it useful?
About Cadence Design Systems
Cadence Design Systems provides electronic design automation (EDA) software and engineering services for the design of integrated circuits, systems on chips, and printed circuit boards.
