Job Description
Revenue Team
Our Revenue Team plays an integral role with regard to Guidewire’s current operations, our growth objectives, and the broader finance organization. The revenue team has an important seat at the table with the CEO, CFO, and the Sales leadership team as it relates to deals, new products, licensing, and business model expansion. We operate in 17 countries today with plans to drive our growth through organic initiatives as well as acquisitions and partnerships. As our company expands the business to provide new cloud-based solutions, our revenue team will also be evolving. The revenue team receives a lot of exposure with opportunities to influence the long-term direction of the company including how we license and sell our software, consulting, and cloud services.
The Role
As the Revenue Analyst, you will be a contributing member of the revenue accounting team and will report to the Revenue Supervisor. This role is focused on the Partnership transactions including Royalty Expense arrangements (transaction with third party vendor in a relationship with sales of customer contracts), Revenue Share arrangement (resell of the vendor product, referral program), MDF program initiated by Partner Alliance department. As a top candidate, you should have a desire to learn and analyze all matters around Partnership such as Principal vs Agent, royalty and cost to obtain transactions using your understanding of revenue recognition (ASC 606.) In this role you will have full ownership of our company’s royalty and cost to obtain accounting processes. You will collaborate on a real-time basis with our Partner Alliance, FP&A, Sales Operations, Internal and External audit teams. The expectation will be that you along with the Revenue Supervisor are the Subject Matter Experts on the team.
What You'll Do
- Own royalty transaction processing, month/quarter end close related activities and account reconciliations
- Assist in analyzing and researching royalty accounting matters regarding new and existing partner/reseller agreements
- Collaborate with Partner Alliance team on a regular basis to obtain all relevant information in order to close the books
- Develop, establish, and maintain desktop procedures for each area of responsibility.
- Assist in maintaining and updating internal documentation for royalty and cost to obtain policies, procedures, and controls
- Prepare journal entries and reconciliations for royalty capitalization and amortization
- Prepare schedules to support monthly reviews, quarterly audit and external reporting processes
- Prepare quarterly royalty reports for each partner/vendor agreement on a timely basis
- Work closely with cross-functional groups to properly account for cost to obtain on a monthly basis
- Participate in implementation of Royalty Accounting technical systems
- Perform cost to obtain analysis on a quarterly basis
Who You Are
- 2 + years of Accounting and Operations experience required
- Knowledge of basic understanding of revenue and expense accounting
- Solid planning and prioritization skills. Demonstrates high energy with the ability to remain flexible and change priorities in a challenging and fast-paced environment
- Proven ability to work autonomously in a fast-paced and often ambiguous work environment
- Strong oral and written communication skills and customer service skills is required, as well as eagerness to learn and take on challenges in a rapidly growing and dynamic environment.
- Must be a detail-oriented, team player and self-starter.
- Independently take ownership to manage assigned tasks
- Be able to figure out the problems and think about solutions, reach out to the manager and business partners to address concerns and provide suggestions
- Ensure close communication with the manager and provide updates in a timely manner
- Proficient in Excel, Word, and PowerPoint; highly skilled in Google Workspace Applications
- Oracle Cloud application and Salesforce experience is preferred.
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