Job Title: Revenue Recognition
Location: Gurgaon
Department: Finance & Accounts
Reporting To: Finance Controller
1. Position Overview
The Revenue Recognition Manager will be responsible for ensuring accurate and timely recognition of revenue in compliance with applicable accounting standards. This role will oversee contract review, revenue accounting processes, financial reporting, and coordination with cross-functional teams to ensure proper revenue treatment, especially in project-based businesses such as office fit-out/interiors.
2. Key Responsibilities
2.1 Revenue Accounting & Compliance
- Ensure revenue recognition in accordance with applicable accounting standards (Ind AS 115 / IFRS 15)
- Review customer contracts to determine appropriate revenue treatment
- Identify performance obligations and allocate transaction prices accordingly
- Ensure compliance with company policies and statutory requirements
2.2 Project-Based Revenue Management
- Monitor revenue recognition for ongoing projects based on milestones / percentage of completion (POC)
- Work closely with project and operations teams to track project progress and billing milestones
- Validate project cost inputs for accurate revenue booking
2.3 Financial Reporting & Closures
- Manage monthly, quarterly, and annual revenue close processes
- Prepare revenue schedules, reconciliations, and MIS reports
- Support audits by providing required documentation and explanations
- Highlight revenue variances, risks, and opportunities to management
2.4 Billing & Collections Coordination
- Align revenue recognition with billing schedules and invoicing
- Coordinate with accounts receivable team to track collections
- Ensure proper cut-off and reconciliation between revenue and billing
2.5 Internal Controls & Process Improvement
- Strengthen internal controls around revenue recognition processes
- Identify process gaps and drive automation/improvements
- Ensure proper documentation and audit trails
3. Key Requirements
- Education: CA / MBA Finance / B.Com (CA preferred)
- Experience: 5–10+ years in revenue accounting, preferably in project-based or EPC/interior/real estate industry
- Strong knowledge of Ind AS 115 / IFRS 15
- Experience in handling audits and financial reporting
- Proficiency in ERP systems (SAP, Oracle, or similar)
4. Key Competencies
- Strong analytical and accounting skills
- Attention to detail and accuracy
- Understanding of project accounting & cost structures
- Stakeholder management and cross-functional coordination
- Problem-solving and decision-making ability
5. Key Performance Indicators (KPIs)
- Accuracy of revenue recognition
- Timely financial closures
- Audit compliance and minimal observations
- Alignment between revenue, billing, and collections
- Process efficiency improvements
