MathWorks Revenue, Accounting & Controls Associate in Natick, Massachusetts
Revenue, Accounting & Controls Associate
Department:Finance and Operations
This person will be an integral part of the company’s Finance and Operations Team that has worldwide responsibilities for accurately recording the revenue and deferred revenue transactions in compliance with current software and multi-element revenue recognition accounting guidance (SOP 97-2, 98-9, 81-1). The candidate will be responsible for the “entire” revenue/order cycle beginning with the sales quote and concluding with the acknowledgement of payment.
Maintain cross-functional relationships with Sales, Sales Support, Customer Service, Accounting, Operations, etc. to ensure the accuracy of each business transaction.
Validate each sales quote with the corresponding customer order (P.O.) including license configuration, pricing, discounts, terms and conditions in accordance with The MathWorks licensing standards. Maintain the integrity of all customer, contact, and installed product databases.
Follow all established export control policies regarding end use and end user controls. File shipping export declarations as required meeting government regulatory compliance standards.
Confirm revenue is properly recorded by ensuring monthly cutoffs are adhered to, products are shipped, invoiced and passcodes are generated.
Document the beginning and ending software maintenance dates for future recognition of deferred revenue.
Maintain all pertinent documentation needed to properly invoice the customer including P.O.’s, sales tax exempt certificates, freight requirements, ship to and bill to information, etc.
Ascertain that revenue is booked to the appropriate Sales Territory and work collaboratively with Accounting to ensure proper payments are made to the Sales organization. Administer “commission splits” using proper management channels within Sales and Sales Operations.
Perform required Accounts Receivable functions including, credit, collections, cash receipts, credit card processing, electronic transfers, etc. Manage a customer portfolio by actively contacting customers in order to maintain a DSO of < 45 days.
Generate monthly operational metrics and revenue reporting.
- A bachelor's degree is required.
B.S. required with an accounting, finance, or business concentration
Must be detail oriented, accurate, and able to provide solid audit trails
Must possess excellent communication, organization, and follow-up skills
Must be self-motivated, able to prioritize, and multitask to meet daily deadlines
Proficient in a computerized environment: MS Excel, MS Word, e-mail, internet, etc.
Credit and collection experience a plus
High tech company and transaction database experience a plus
Additional skills include Oracle experience, export compliance knowledge or foreign language a strong plus