Revenue Accountant

REVENUE ACCOUNTANT

The Revenue Accountant role primarily will be responsible for all revenue accounting activities to ensure revenue is recognized in the appropriate periods. This person will oversee the end to end revenue process in SAP for multiple countries and expected to have in-depth knowledge of US GAAP including but not limited to ASC606, ASC842, Principal vs Agent principles, etc. and the ability to apply to business scenarios, correspond with business partners and vendors timely and professionally.

How You Will Make an Impact:

• Sales Cutoff Reviews for Products, Services and Installable instruments to ensure Revenue is recognized in the correct period
• Analysis of Revenue Reserves such as Sales Return Allowance, CMDM Reserve, warranty reserves
• Reagent Rental Contract Review to ensure compliance with US GAAP Lease Accounting standards
• Sales Contract Review to ensure terms of agreements don't require accounting adjustments
• Royalty Contract Oversight for both US and EMEA contracts to include contract review, accruals, processing payments and working cross functionally with business partners such as legal and product marketing to ensure BioRad is in compliance with all agreements
• Distributor Commission Contract Oversight for EMEA contracts to include contract review, accruals, processing payments and working with business partners to ensure BioRad is in compliance with all agreements
• Corporate Reporting and Reconciliation oversight
• Ensuring Internal and External Audit compliance

What You’ll Bring:

• Bachelor’s Degree in Accounting or Finance required. CPA preferred but not required
• Languages: Fluent in English
• 3-5 years General Ledger Accounting Experience required, direct revenue accounting experience preferred
• 1-2 years Customer Contract Review experience including identifying and documenting revenue related performance obligations
• Public Accounting experience preferred
• Previous experience working with a US GAAP company preferred
• Knowledge of the following applications a plus: SAP, PowerBI, ATOM, Snowflake, Salesforce, FCC, SQL, Blackline
• Strong Excel skills a must and knowledge of Powerquery tool a plus.
• Strong interpersonal, communication skills for interacting with other individual team contributors, business partners, and management.
• Strong knowledge of US GAAP accounting guidance (ASCC606, ASC842, Principal vs Agent, software revenue accounting, licensing, etc) and internal SOX controls required
• Ability to multi-task in fast paced work environmen

Who We Are: For 70 years, Bio-Rad has focused on advancing the discovery process and transforming the fields of science and healthcare. As one of the top five life science companies, we are a global leader in developing, manufacturing, and marketing a broad range of high-quality research and clinical diagnostic products. We help people everywhere live longer, healthier lives. Recently voted a Best Place to Work, Bio-Rad offers a unique employee experience with collaborative teams that span the globe. Here, you are supported by leadership to build your career and are empowered to drive change that makes an impact you can see. 

Benefits: Bio-Rad's biggest asset is its people, and the reason why our Total Rewards deliver programs that provide value, quality, and inclusivity while satisfying the diverse needs of our evolving workforce. Our robust offerings serve to enrich the overall health, wealth, and wellbeing of our employees and their families through the various stages of an employee’s work and life cycle. We’re proud to offer a variety of options, including:

• Life and accident insurance,
• Private Health Care Services – unlimited examinations, checkups in numerous specialties free of charge
• Competitive salary and cafeteria
• 100% commuting allowance for non-Budapest residents, monthly BKK pass
• Annual bonus
• Annual salary review
• Marriage and childbirth allowance
• School start allowance
• Loyalty award
• Employee Referral Program with remarkable referral bonus
• All You Can Move contract possibility/gym facility discount
• Hybrid working model (3 days onsite and 2 days home office. Our office is located in Budapest, Futó u. 47, 1082)