Business Unit: Product Lifecycle Management-PLM
Requisition Number: 236851
Primary Location: United States-Texas-Plano
Assignment Category: Full-time regular
Experience Level: Mid level
Education Required Level: Bachelor's Degree
Travel Required: 15%
Siemens is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. As a global technology company, Siemens is rigorously leveraging the advantages that this setup provides. To tap business opportunities in both new and established markets, the Company is organized in nine Divisions: Power and Gas, Wind Power and Renewables, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives, Healthcare and Financial Services.
Siemens PLM US Talent Acquisition
Assist the Global Revenue Accounting team in defining policies and
procedures related to contract review and approval and revenue
Monitor completion of the quarterly Confirmation of Sales Terms (COST)
process in order to address
revenue recognition risks such as side agreements, channel stuffing,
Perform the quarterly maintenance VSOE analysis and annual hardware,
training, and services VSOE
analysis in order to ensure Siemens PLM has established a stand-alone
selling price (SASP) for all performance obligations other than
Communicate any VSOE compliance issues to the appropriate level of
management and work with management to ensure an appropriate VSOE
compliance ratio is maintained.
Perform a quarterly review of Fixed Fee Services loss projects to
ensure that losses have been accrued
where appropriate and communicate findings to management.
Provide finance and accounting related input and direction to all
organizations within the company regarding significant changes or
initiatives such as new sales strategies or business models.
Assist the Global Revenue Accounting team in creating educational
material and resenting training's to the field to promote awareness of
revenue recognition rules, policies, and procedures.
Engage with Global Sales & Services early in the sales cycle to ensure
revenue recognition objectives are achieved.
Support the review of large deals to ensure accounting treatment is
appropriate and consistent with accounting policies.
Conduct a quarterly random sample review of small deals in order to
ensure appropriate accounting treatment is applied by the Zones.
Support external audit activities during quarterly reviews and year-end
Align actions with Siemens PLM Zone Organizations and Revenue
In depth knowledge of IFRS 15 and ASC 606
Advanced Excel and data analysis skills
High attention to detail with strong analytical and problem solving
Strong communication and interpersonal skills
Ability to work independently and take ownership of projects
Ability to multi-task and manage projects simultaneously
Ability to be flexible and adapt to changing demands and priorities
Business fluent English
Education and Experience Requirement:
Bachelor’s degree in Finance or Accounting
Minimum of 3 years of accounting experience
Software industry experience preferred