What are the responsibilities and job description for the SAP RAR Consultant position at Ora Apps?
Job Title: SAP RAR Consultant
Location: New Jersey Travel up to 40%-50%
Job Description:
· Implement and optimize SAP RAR solutions in accordance with ASC 606 and IFRS 15 for accurate revenue recognition, ensuring compliance with the latest accounting standards.
· Collaborate with business stakeholders to design and configure SAP RAR solutions, translating complex accounting standards and business requirements into SAP functionality.
· Support and manage intercompany processes related to revenue recognition and service costs within the SAP S/4HANA environment, ensuring proper intercompany transactions and reconciliation.
· Manage service order management processes, as well as cost accounting and margin analysis, to ensure accurate accounting for service-related revenue and costs.
· Lead the implementation of internal controls, financial reporting, and audits to ensure adherence to corporate, industry, and legal standards related to revenue accounting and reporting.
· Work closely with cross-functional teams (finance, IT, business stakeholders) to implement solutions, resolve issues, and improve business processes related to revenue accounting and reporting.
· Identify and recommend opportunities for process improvements and system optimizations to enhance the efficiency and effectiveness of revenue recognition and accounting operations.
Requirements:
· 10 years of experience working with SAP, including at least 5 years in SAP Revenue Accounting and Reporting (RAR).
· Strong experience with ASC 606 and IFRS 15, and their application within SAP systems.
· Deep understanding of intercompany accounting processes and service revenue/cost management in SAP S/4HANA.
· Prior experience in the life sciences industry is highly preferred.
· Expertise in configuring and supporting SAP Revenue Accounting and Reporting (RAR) within the SAP S/4HANA environment.
· Familiarity with SAP FICO (Financial Accounting & Controlling) modules, specifically related to revenue recognition and cost accounting.
· Knowledge of integration between SAP RAR and other SAP modules such as SD (Sales and Distribution) and MM (Materials Management) for end-to-end process management.
· Strong ability to translate complex accounting principles into practical, actionable solutions within SAP.
· Proficient in margin analysis, cost accounting, and financial reporting for service-based revenues and costs.
· Bachelor’s degree in Accounting, Finance, Business, or a related field. CPA or other relevant certifications a plus.
Job Type: Contract
Pay: $78.10 - $85.00 per hour
Schedule:
- 8 hour shift
Work Location: Hybrid remote in Jersey City, NJ 07302
Salary : $78 - $85
