Revenue Recognition Manager

TheRevenue Recognition Managerplays a key role within WHSmiths North AmericaFinance organization ensuring the accuracy and completeness of revenue recognitionnamely in regards to merchandise supplier income and margin rebates. This role partnersclosely with the Assistant Controller Financial Planning & Analysis and Commercialleadership to ensure revenue is properly recognized in accordance with company policyIFRS 15 and other relevant revenue recognition standards.Key ResponsibilitiesSupplier Income and Margin Rebate Accounting• Evaluate proposed supplier income and margin rebate agreements to determine applicable accounting treatment in accordance with company policy IFRS 15 and other relevant revenue recognition standards e.g. initially recorded as accrued income or deferred income and when to recognize as revenue for fixed setup contributions fixed media fixed listing fees variable rebates commitments clawbacks and billing terms• Summarize supplier income agreements in audit-ready format including significantterms accounting treatment commitments clawbacks and phasing• Ensure performance obligation achievement evidence exists and is properly retained to demonstrate income earned e.g. validated inventory purchases display photos supplier emails store communications promotional execution etc.• Review calculations supporting fixed and variable income agreements as well as clawback exposure calculations• Review income allocations to ensure proper allocation across store portfolio• Facilitate weekly meetings with Commercial leadership to coordinate supplier income arrangements challenge management on performance obligations met and ensure accounting accuracy• Lead monthly meetings pertaining to fixed and variable income and review of relatedaged debtsSupplier Income and Margin Rebate Billing and Receivables• Coordinate with Accounts Receivable to ensure supplier income and margin rebatebilling accuracy and address questions that arise during the collections cycle• Review supplier income and margin rebate-related credit memos bad debt reserve calculations and write-off requestsGeneral Ledger Accounting• Review and post journal entries associated with accrued income deferred income accounts receivable rebate provision for stock not sold and bad debt reserves• Analyze suspense account activity and reclassify to the appropriate accounts• Review balance sheet accounts associated with accrued income deferred income accounts receivable rebate provision and bad debt reserves• Review monthly and year-end supplier income and margin rebate schedules andreconciliationsFinancial Reporting & Compliance• Design maintain and monitor robust revenue recognition internal controls that ensure compliance with company policies provide accurate accounting and help safeguard company assets• Recommend improvements to improve accuracy and efficiency of revenue reporting• Monitor and implement changes in applicable accounting standards• Function as the key point of contact for internal and external audits pertaining to revenue recognition and provide audit evidence to support income conclusions and accounting performedLeadership & Team Development• Mentor coach and develop a team of accounting professionals to achievedepartmental and organizational goals• Set clear team and individual objectives provide ongoing performance feedbackand facilitate training and career development initiatives• Foster a collaborative high-performing culture aligned with company valuesStrategic Partnership• Partner closely with Financial Planning & Analysis to provide them with support forfinancial planning budgeting and forecasting of supplier income• Collaborate with Commercial leadership to design supplier income agreements with accounting practicality in mind understand terms of executed agreements provide revenue recognition advice train Commercial teams on correct revenue recognition principles and monitor contract performance so risks can be flagged for Commercial leadership attention• Partner with Group parent company Finance on technical accounting matters• Participate in due diligence mergers and acquisitions and other strategic or special projects as neededCompensation 125k - 130k annually