Siemens Careers

Accountant IV

Plano, Texas

English (US)

Job Description

Division: Digital Factory
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%

Division Description:

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.

Job Description:

Siemens PLM US Talent Acquisition


Essential Functions:

Assist the Global Revenue Accounting team in defining policies and

procedures related to contract review and approval and revenue

recognition treatment.

Monitor completion of the quarterly Confirmation of Sales Terms (COST)

process in order to address

revenue recognition risks such as side agreements, channel stuffing,

and cut-off.

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

Accounting Management.



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

Equal Employment Opportunity Statement
Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.

EEO is the Law
Applicants and employees are protected under Federal law from discrimination. To learn more, Click here.

Pay Transparency Non-Discrimination Provision
Siemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here.

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