Revenue Accounting Manager

Posted Yesterday
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San Jose, CA, USA
In-Office
126K-234K Annually
Senior level
Artificial Intelligence • Cloud • Hardware • Software • Semiconductor
The Role
The Revenue Accounting Manager will oversee revenue recognition, prepare analytical reports, manage quarterly close activities, and collaborate with auditors, while adhering to ASC guidelines.
Summary Generated by Built In
At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology.

This person will join a cohesive team whose environment thrives on collaboration across geographies and departments within the broader Quote-to-Cash team of a publicly-traded software company with $5.0B+ in annual revenues. Responsibilities include:

  • Reviewing software license, hardware, and services contracts and determining the most appropriate revenue accounting per relevant authoritative literature (e.g. ASC 606, ASC 842) and internal revenue recognition policies
  • Preparing contract memos highlighting key arrangement components and the five steps required for revenue recognition under ASC 606
  • Preparing analytical reports pertaining to revenue-related accounts on a recurring and ad hoc basis
  • Participating in quarterly reviews and annual audits conducted by internal and external auditors, including SOX 404 requirements
  • Performing quarter-end close activities, including posting journal entries, performing account reconciliations, and executing daily revenue transactions to ensure revenue is properly captured in the financial system
  • Contributing to or driving special projects as needed

Position Requirements:

  • 5-6 years of industry and/or public accounting (Big 4) experience
  • High degree of ethics; meticulous attention to detail
  • Strong knowledge of ASC 606 and related guidance
  • BS in Accounting, Finance, or related field
  • Proficiency with Microsoft Excel
  • Excellent written and verbal communication skills
  • Strong analytical and critical thinking skills; ability to gather and evaluate information and formulate conclusions
  • Ability to work and communicate effectively with cross functional team
  • Ability to work on own initiative

Desirable Qualifications:

  • Certified Public Accountant
  • Experience with SAP
  • Strong knowledge of ASC 842
  • Ability and desire to use AI and other tools to improve processes

The annual salary range for California is $126,000 to $234,000. You may also be eligible to receive incentive compensation: bonus, equity, and benefits. Sales positions generally offer a competitive On Target Earnings (OTE) incentive compensation structure. Please note that the salary range is a guideline and compensation may vary based on factors such as qualifications, skill level, competencies and work location. Our benefits programs include: paid vacation and paid holidays, 401(k) plan with employer match, employee stock purchase plan, a variety of medical, dental and vision plan options, and more.

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The Company
HQ: San Jose, CA
8,216 Employees
Year Founded: 1988

What We Do

Cadence enables electronic systems and semiconductor companies to create the innovative end products that are transforming the way people live, work and play. Cadence® software, hardware and IP are used by customers to deliver products to market faster. The company's Intelligent System Design strategy helps customers develop differentiated products—from chips to boards to intelligent systems—in mobile, consumer, cloud, data center, automotive, aerospace, IoT, industrial and other market segments. Cadence is listed as one of Fortune Magazine's 100 Best Companies to Work For.

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