Revenue Accountant | OTC Team United Kingdom Finance

Position: Contract and Revenue Accountant | OTC Team  United Kingdom Finance
Contract and Revenue Accountant | OTC Team

• Full-time

IFS is a billion-dollar revenue company with 7000+ employees on all continents. Our leading AI technology is the backbone of our award-winning enterprise software solutions, enabling our customers to be their best when it really matters–at the Moment of Service™. Our commitment to internal AI adoption has allowed us to stay at the forefront of technological advancements, ensuring our colleagues can unlock their creativity and productivity, and our solutions are always cutting-edge.

At IFS, we’re flexible, we’re innovative, and we’re focused not only on how we can engage with our customers but on how we can make a real change and have a worldwide impact. We help solve some of society’s greatest challenges, fostering a better future through our agility, collaboration, and trust.

We celebrate diversity and understand our responsibility to reflect the diverse world we work in. We are committed to promoting an inclusive workforce that fully represents the many different cultures, backgrounds, and viewpoints of our customers, our partners, and our communities. As a truly international company serving people from around the globe, we realize that our success is tantamount to the respect we have for those different points of view.

By joining our team, you will have the opportunity to be part of a global, diverse environment
; you will be joining a winning team with a commitment to sustainability
; and a company where we get things done so that you can make a positive impact on the world.

We’re looking for innovative and original thinkers to work in an environment where you can #Make Your Moment so that we can help others make theirs.

If you want to change the status quo, we’ll help you make your moment. Join Team Purple. Join IFS.

We are looking for an experienced Contract and Revenue Accountant to join our European OTC team.

In this role, you will be responsible for ensuring that customer contracts are accurately translated into billing and accounting outcomes. You will work across the contract lifecycle, from reviewing commercial terms and setting up contracts through to invoicing, revenue recognition, accruals, reconciliations, and financial analysis.

This is an opportunity to combine strong accounting expertise with commercial understanding in an international, subscription-based environment. You will work closely with Sales, Consulting, Finance, and Market Unit teams to ensure that contractual arrangements are accurately reflected in our financial systems and reporting.

If you enjoy understanding the commercial substance behind the numbers, interpreting contracts, and turning complex requirements into accurate financial outcomes, this role could be a great fit.

What you'll do

• Review customer orders, contracts, and amendments to identify their commercial, billing, and accounting implications.
• Translate contractual terms into appropriate invoicing and revenue accounting treatment.
• Set up and maintain recurring revenue contracts in the ERP system in line with approved customer orders and contractual terms.
• Manage invoicing for license, cloud, maintenance, subscription, and other recurring revenue products.
• Review subscription calculations and contract data to ensure accuracy and completeness before invoicing.
• Ensure accurate accounting for recurring revenue, direct costs, accruals, deferrals, contract assets, and partner commissions.
• Support revenue recognition assessments in accordance with IFRS 15 and company accounting policies.
• Review revenue-related general ledger postings and reconcile contract, billing, revenue, and GL information.
• Perform variance analysis and investigate differences between contractual, invoiced, deferred, and recognized revenue.
• Su…