Validate contracts and running sheets in SAP RAR to ensure IFRS 15-compliant revenue recognition; interpret complex contract terms, determine transaction prices and performance obligations, post journal entries, reconcile deferred/accrued revenue, manage contract modifications and legacy adjustments, and support external audits.
Hybrid arrangement - Upon agreement between you and your supervisor, you are entitled to a flexible arrangement where you will be able to split your time between working from the office and working remotely.
We are seeking a detail-oriented and highly skilled IFRS 15 Accountant to join our team at Fresenius Medical Care. The role will be responsible for ensuring accurate revenue recognition in compliance with IFRS 15, managing deal structures, while also maintaining the integrity of financial records in SAP RAR.
Responsibilities:
- Validate approved running sheets, legal contracts, and business designs in SAP RAR to ensure accurate revenue recognition in compliance with IFRS 15 standards.
- Strong ability to interpret and classify complex contract terms, including payment terms and performance obligations, in alignment with IFRS 15.
- Experience in determining transaction prices, allocating revenue across multiple performance obligations, and maintaining detailed tracking systems.
- Solid understanding of preparing journal entries and applying revenue recognition principles (over time or point-in-time) as per IFRS 15 standards.
- Proven experience reconciling deferred and accrued revenue accounts, managing contract modifications, and supporting external audit processes.
- Analyze and post adjustments for legacy contracts outside RAR and manage IFRS 15 adjustments, including closing transactions
- Review and ensure the accuracy of IFRS 15 adjustments in financial records and standard revenue accounting reports
Qualifications:
- The candidate must have a Bachelor’s degree in Accounting, Finance, or related field; CPA qualification is a plus
- Proven experience in revenue accounting and IFRS 15 compliance preferably in a GBS or shared service environment
- Proficiency in SAP RAR and revenue accounting tools
- Strong analytical skills in terms of interpreting financial data and identifying discrepancies
- Excellent communication and interpersonal skills to collaborate with cross-functional teams
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The digital revolution has driven a constant demand for tech professionals across industries like software development, data analytics and cybersecurity. In Singapore, one of the largest cities in Southeast Asia, the demand for tech talent is so high that the government continues to invest millions into programs designed to develop a talent pipeline directly from universities while also scaling efforts in pre-employment training and mid-career upskilling to expand and elevate its workforce.
