SAP RAR Consultant

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.