SAP Consultant

Job Title:

Revenue Accounting Recognition (RAR) Functional Specialist – Finance IT

Your responsibilities:
You have a deep understanding of regulatory requirements specific to the financial services industry.
You ensure that IT systems and processes comply with relevant regulations, such as data protection, privacy, and financial reporting standards, with a particular emphasis on SAP Finance compliance. Ensure that the revenue recognition process in SAP complies with international accounting standards (e.g., IFRS, GAAP)
Lead SAP RAR Configuration & Implementation:
Configure and implement SAP Revenue Accounting and Recognition (RAR) module to ensure compliance with the IFRS 15 and ASC 606 standards.
Work closely with the business teams to gather and analyze business requirements, providing SAP solutions that meet financial reporting and compliance needs.
Design and implement Revenue Recognition rules, including contract modifications, performance obligations, and variable considerations.
Functional Support & Troubleshooting:
Provide ongoing support and guidance to users of the SAP Revenue Accounting module. Troubleshoot and resolve issues related to revenue recognition, journal entries, and reporting within SAP RAR.
Perform regular maintenance of SAP RAR configurations and resolve any issues that arise in the system.
Support Integration & Data Management:
Collaborate with the technical team to ensure proper integration of SAP RAR with other SAP modules (e.g., FI, CO, SD, MM) and third-party systems.
Assist in data migration from legacy systems to SAP S/4

HANA, ensuring the smooth transition of historical data for revenue recognition processes.
Support the generation of financial statements and management reports based on recognized revenue and deferred revenue.
Assist with audits by providing necessary documentation and supporting materials related to revenue recognition processes and system configurations.
Provide training to business users and key stakeholders on the usage of the SAP Revenue Accounting module and best practices.
Develop user manuals, training materials, and system documentation to ensure proper usage and understanding of SAP RAR.
Work with business and IT stakeholders to identify process inefficiencies and propose solutions for continuous improvement in revenue recognition and accounting processes.
Stay current with updates and enhancements to SAP RAR and regulatory changes to maintain system compliance.

Your profile:

Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
At least 5+ years of experience in SAP Finance modules, with a strong focus on SAP Revenue Accounting and Recognition (RAR). Proficient in SAP configuration and customization within the SAP RAR module.
Extensive experience in implementing and supporting IFRS 15 and ASC 606 revenue recognition rules in SAP.
Hands-on experience with system configurations, testing, and troubleshooting in SAP RAR.
Strong knowledge of revenue recognition concepts, including performance obligations, contract modifications, and multiple-element arrangements.
In-depth understanding of IFRS 15 and ASC 606 revenue recognition standards.
Strong analytical skills and ability to identify and solve complex business problems.
Ability to translate business requirements into functional specifications for SAP solutions.
Knowledge of integration points between SAP modules (e.g., SD, FI, CO, MM).
Familiarity with ABAP (optional but preferred) for basic troubleshooting and customizations in SAP.

Experience with SAP Analytics Cloud (SAC) and SAP Fiori for reporting and dashboards is a plus
Very good communications skills, own initiatives, able to work independently and excellent analytical skills round of your profile.