Revenue Accountant at Fastmarkets in Sofia, Sofia City Province, bg

Company Description

Fastmarkets is an industry-leading price-reporting agency (PRA) and information provider for global commodities, providing price data, news, analytics and events for the agriculture, forest products, metals and mining and new-generation energy markets.

Fastmarkets' data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management. Fastmarkets is a global business with a history dating back to 1865 and is built on trust and deep market knowledge. It has more than 700 employees spread across global locations in the UK, US, China, India, Singapore, Brazil, Belgium, Bulgaria, Finland and beyond.

Job Description

The role will be responsible for running the core process to enable revenue recognition in line with IFRS 15 as well as providing robust explanations on variances to forecast and designing and implementation process improvements. The role requires strong data analysis skills.

Specifically, the role involves:

• Own the month-end closing revenue accounting and reporting processes
• Take responsibility for the successful completion of the external audit of revenue and associated balance sheet balances
• Design and implement process and reporting improvements
• Monthly balance sheet reconciliations of deferred, unbilled and accrued revenue
• Calculation of monthly bad debt provision

90% of the Group’s revenue is recurring subscription revenue with the remaining 10% being revenue from consultancy projects and the hosting of Industry Events.

The Group’s consolidated revenue is c£170m and has historically grown by more than 10% each year. The Group’ customers are based all over the world and are invoiced in $, £, € and CNY.

Qualifications

We recruit talented, dynamic people with diverse backgrounds and experiences, all united by a belief in our mission to provide the world’s leading and most trusted price reporting, events, and intelligence service for the markets we serve. We’re proud to be an equal opportunities employer and are committed to creating a fully inclusive workplace, where everyone feels able to participate and contribute meaningfully.

If you are open-minded, curious, resilient, solutions-oriented and committed to promoting equality, then read on.

KNOWLEDGE, EXPERIENCE AND SKILLS

We are looking for an individual who is highly motivated, driven, and have a passion to be part of a fast-paced, successful team. Being a strong team player is also important as well as someone who is happy to work flexibly.

• Expertise in IFRS15 recognition of recurring subscription revenue on contracts of varying durations
• Understanding of how foreign exchange impacts the reporting of revenue at a consolidated and subsidiary level
• Understanding of how deferred, unbilled and accrued revenue is calculated and presented
• Experience of working with large data sets, identifying and correcting incorrect or incomplete data, reconciling between multiple data sources and producing insightful reports and analysis.
• The ability to manage multiple competing deadlines and in particular experience of delivering a smooth month end during an external audit process
• Experience in managing the audit of revenue f including the delivery of all required audit information (reports, contracts, invoices, proof of payment) of a high quality and on time
• A willingness to trawl through systems to obtain the information requested by the external auditors.
• Ideally experience in using NetSuite and Salesforce but if not, a track record of picking up new systems very quickly
• Attention to detail and the attribute of not giving up when solving data quality or completeness issues.

If you're excited about the role but your experience, skills or qualifications don't perfectly align, we encourage you to apply anyway.

Additional Information

Our Values

Fastmarkets people come from all different walks of life. It’s this mix of brilliant personalities, experiences and insights that gives us that warm, open, and friendly culture you can feel as soon as you meet us. But however wonderfully different we all are, there are six things we all have in common – and they form our Fastmarkets values.

Created by our own employees to reflect some of the personal traits that Fastmarkets people have, our values are key to what makes our culture unique. They reflect who each of us are and they're embedded in everything we do. Our values are:

• METRICS DRIVEN. We use insights to improve our customers’ experience and our business performance
  
• ACCOUNTABLE. We are accountable to ourselves and those we work with: we keep our promises and get things done
  
• GROWTH MINDSET. This value enables us to be nimble to the changing realities and operate with a sense of urgency
  
• INCLUSIVE. We are inclusive and respectful, celebrating each of us and giving everyone a deep sense of belonging with the desire to bring their best self to work every day.
  
• CUSTOMER CENTRIC. We are customer-centric in all that we do
  
• COLLABORATIVE. We are collaborative, able to work across teams and capitalise on the diversity of intellect, perspectives, and experiences.

We are committed to ensuring all candidates feel welcomed and supported. Should your application advance and you require accommodations for the interview process, please inform us so we can make the necessary arrangements.

Reward and benefits at Fastmarkets

We believe in fair pay and benefits that support you both inside and outside of work. Through Fastmarkets Rewards, you'll have access to a range of core benefits and a flexible allowance, giving you the freedom to tailor your package to suit your lifestyle, wellbeing and financial priorities. We know that everyone's needs are different, so we've designed our benefits to support our diverse global team wherever they're based.

Specific benefits may vary by country and role.

You’ve read a little about us – now it’s over to you!

If you like what you’ve read so far and think you can see yourself as a Fastmarkets person, it’s time to fill in your application form. This form is an important part of the selection process: it’s used to determine whether or not you’ll be chosen to have an interview and acts as a basis for the questions we’ll ask you on the day.

It’s vital that you try to capture all the relevant information we have asked for on the form so we can get a good feel for who you are and why you’re great.