Deloitte | India Offices of the US

Deputy Manager – Centralized Contract Accounting, Deloitte Support Services India Private Limited

Team Overview

The Centralized Contract Accounting (CCA) team collaborates closely with the US Firm Controller, Business Controllers, Accounting Policy, Finance Business Partners, Engagement Financial Advisors (EFA), Finance Transformation and Finance Systems team to ensure consistency in the US firms’ application of contract level revenue and expense accounting and regulatory policies.  This role will help execute organizational and procedural policies for the US firms to ensure compliance related to revenue recognition and US GAAP. 

What You’ll Do

• Collaborate with Finance Business Leads and Assistant Controllers to review procedures to evaluate revenue recognition in accordance with ASC 606, Revenue From Contracts With Customers, and ensure appropriate contract setup to drive accurate and consistent accounting and financial reporting for the US Firms.
• Facilitate the review of complex revenue arrangements and provide support to determine accounting conclusions. Coordinate and document consultations with subject matter experts, and Controllership as needed. 
• Review contracts and advise on standardized Contract Work Breakdown Structures (WBS) to align with the revenue recognition standards and Primed Policy and guidance.  Identify opportunities for Revenue policy enhancements and collaborate with Accounting policy on recommendations for change.
• Liaise with EFAs and EFA Leaders to help build awareness on the Revenue Standards and applicability on contract terms with US GAAP.
• Monitor Key Performance Indicators (KPIs) to enable the US firms to report on and manage the risk associated with the setup of complex contract arrangements and those with non-standard terms.
• Collaborate with the Internal Control Group (ICG) to identify key controls in the contract to cash business cycle, specifically related to revenue recognition.
• Build positive working relationships with internal clients, by providing high quality deliverables and communications with a focus on collaboration and teamwork.
• Provide support to other US Firms’ Controllership team members on special projects (ad hoc) as needed.
• Exercise professional skepticism, judgement, and adhere to the code of ethics.

Work Location: Hyderabad

Shift Timings: 2pm to 11pm

Qualifications

Required

• related experience in professional services, Controllership or Financial Reporting with Master’s degree (in Accounting, Finance or related field preferred)/ CA Inter/ CMA
• 6+ years of experience Certification as CPA (or certification in process) or Chartered Accountant
• Experience interpreting and assessing the requirements and authoritative guidance in ASC606, Revenue From Contracts With Customers or similar Revenue Recognition guidance under IFRS.
• Must be detail-oriented with a commitment to accuracy and high quality work

Preferred

·           Ability to state complex issues concisely

·           Strong communication skills, both written and verbal

·           Experience working with ambiguity