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Cadence Design Systems

Revenue Accounting Senior Analyst

Posted 3 Days Ago
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In-Office
San Jose, CA
109K-202K Annually
Senior level
In-Office
San Jose, CA
109K-202K Annually
Senior level
Prepare and review revenue accounting for software, hardware, and services contracts under ASC 606 (and ASC 842 as applicable). Produce contract memos, analytical reports, perform quarter-end close activities, journal entries, reconciliations, and support audits including SOX 404. Collaborate across Quote-to-Cash teams and drive special projects to ensure accurate revenue recognition.
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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:

  • 4-6 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 $108,500 to $201,500. 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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