Job Description
POSITION SUMMARY:
The Senior Revenue Analyst is responsible for the accuracy of revenue allocation and proper revenue recognition in accordance with US GAAP and the Company’s revenue recognition policies primarily for the Advanced Services Group of the Company. This position is also responsible for ensuring any inconsistencies with the deferred revenue reconciliation (Revenue Balance Report) are reviewed and addressed in a timely manner to ensure proper revenue recognition for Legacy revenue. The Senior Revenue Analyst will also assist with any process changes due to new accounting literature. The role will also encompass maintaining relationships with Sales, Legal, Sales Finance, Deal Desk, and other internal Revenue and Finance teams in terms of managing day-to-day activities.
KEY RESPONSIBILTIES:
- Establish and maintain a strong relationship with the Booking Team and liaise with Sales, Deal Desk and Legal to ensure contracts are booked in accordance with the Company’s Revenue Recognition Policy.
- Review Domestic pricing supplements for accuracy and revenue recognition implications prior to contract signature and booking.
- Review the Revenue Recognition and Order to Cash SOX documents and ensure compliance.
- Prepare journal entries, account reconciliations, quarterly SEC reporting requirements, and other key deliverables as assigned.
- Revise any revenue allocation calculations to support executed customer agreements, as well as proper revenue recognition in accordance with current accounting literature.
- Perform and/or review systematic checks for processes and/or potential deficiencies, which present risk to revenue recognition, invoicing, and collection processes.
- Review signed installation letters and update revenue plans accordingly throughout the quarter.
- Investigate contracts where revenue has been recognized but not yet invoiced to accurately prepare the Unbilled AR/Deferred revenue gross up calculation.
- Prepare and evaluate the quarterly Standalone Selling Price (SSP) analysis.
- Assist with review of Revenue Exception Requests submitted by Professional Services.
- Develop a strong working relationship with and liaise with the Company’s internal and external auditors on revenue related requests.
- Recommend new processes and procedures that utilize technology, build efficiencies, and streamline workflows.
- Assist with special projects on an as needed basis, including clean-up project of Legacy Aesynt Sales Orders and revenue milestones that were previously in Syteline.
MINIMUM JOB REQUIREMENTS:
Basic Qualifications:
- Bachelor’s degree
- 5+ years in an accounting role, revenue experience preferred
Preferred Qualifications:
- BA/BS degree in Finance or Accounting
- CPA or MBA in Accounting, Finance or Business
- 2+ years’ experience in public accounting
- SAP and NetSuite experience
Specialized Knowledge/Skills:
- Knowledge and application of multiple element and software revenue recognition guidance, including ASC 606 and ASC 842
- Ability to work under pressure in a detail-oriented environment with the desire to learn new and challenging skills
- Organizational skills to prioritize multiple projects in a demanding environment
- Strong interpersonal, communication, and critical thinking skills
- Proficient in Microsoft Excel
Work Conditions:
- This position is 100% remote enabled from any US location
- Travel up to 15% may be required
- Occasional heavy workload during peak times
About Us
Since 1992, Omnicell has been committed to transforming pharmacy care through outcomes-centric innovation designed to optimize clinical and business outcomes across all settings of care. We strive to be the healthcare provider’s most trusted partner by our guiding promise of “Outcomes. Defined and Delivered.”
Our comprehensive portfolio of robotics, smart devices, intelligent software, and expert services is helping healthcare facilities worldwide to improve business and clinical outcomes as they move closer to the industry vision of the Autonomous Pharmacy.
Our guiding principles inform everything we do:
- As Passionate Transformers, we find a better way to innovate relentlessly.
- Being Mission Driven, we consistently deliver on our promises.
- Our Entrepreneurial spirit makes the most of EVERY opportunity for innovation.
- Understanding that Relationships Matter creates synergies that yield the greatest benefits for all.
- Intellectually Curious, eager to think deeper to learn and improve.
- In Doing the Right Thing, we lead by example in ALL we do.
We are deeply committed to Environmental, Social, and Governance (ESG) initiatives. Our ESG efforts focus on creating an inclusive culture and a healthier world. This includes our Employee Impact Groups, which foster diversity and inclusion, as well as our learning and well-being programs that support personal and professional growth. We also prioritize sustainability in our operations, aiming to reduce our environmental footprint and promote responsible business practices. Join us in transforming the pharmacy care delivery model, making patient care safer and smarter for all.
About The Team
Omnicell is dedicated to fostering a diverse and inclusive workplace. We welcome applications from all individuals, valuing a wide range of perspectives and backgrounds. As an equal opportunity employer, we do not discriminate based on race, gender, religion, sexual orientation, gender identity, national origin, veteran status, or disability. We are committed to making our recruitment process accessible to everyone. We offer support and reasonable adjustments for individuals with disabilities during our hiring process. If you need assistance, please contact us at Recruiting@omnicell.com .
At Omnicell, respect for privacy and confidentiality is paramount. We adhere to strict policies to prevent discrimination or retaliation against those who engage in open conversations about compensation. However, employees privy to compensation information as part of their job role are expected to maintain confidentiality, except in specific circumstances outlined by law, such as during formal complaints, investigations, or as required by legal obligations.
Please note that Omnicell reserves the right to modify job roles and responsibilities as needed to meet our organization's evolving needs and drive our mission forward.
