What are the responsibilities and job description for the SAP RAR Consultant position at Wallero?
Job Details
Title: SAP RAR Consultant
Location: Hybrid (50% travel to New Jersey) Possible location is Hoboken, NJ Duration: 6 months
Alignment: W2 or Individual C2C (Vendors Not Permitted)
Description:
- Implement and optimize SAP RAR solutions by 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, 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 revenue accounting and reporting standards.
- 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.
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