Financial Controller-Revenue Recognition&Contract; Compliance
Adaugat: 3 zile în urmă
ZITEC COM SRL
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Our promise:
- You choose how you work: remote-first or at our offices in Timpuri Noi Square, Bucharest (during the onboarding process); backed by benefits designed to support your life on and off work. 🏘️
- We support your career through continuous learning, coaching, and mentorship, all within a feedback-driven environment that inspires healthy communication.
- You’ll join a friendly, creative team that shares cool hobbies (from sports to music) and knows how to have serious fun together (yes, we really have our own beer and sailing team!)
As a Financial Controller, you will:
1. Contract Compliance
- Work closely with the Sales and Legal teams throughout the contracting process, reviewing new contracts, SOWs, and amendments from a financial perspective (payment terms, milestones, billing clauses, FX clauses, T&M vs. Fixed Price provisions).
- Flag contractual risks or ambiguities with potential impact on revenue treatment, invoicing, or cash flow, and work with Sales and Legal to resolve them before signature.
- Act as the finance gatekeeper ensuring contract terms are aligned with internal financial policies and revenue recognition requirements ahead of deal closure.
- Maintain a tracker of active contracts and the terms relevant to revenue treatment.
2. Revenue Recognition
- Determine and apply the correct revenue recognition method based on contract type, and ensure alignment with applicable accounting standards.
- Act as the main finance point of contact for Project Managers on contract clarifications, project setup, and revenue treatment.
- Coordinate with Project Managers on project setup in the ERP to ensure billing and revenue structures correctly reflect the underlying contract.
- Track project execution against contract terms (percentage of completion, milestones, scope changes) to ensure accurate monthly revenue recognition.
3. Project-Level Controlling
- Monitor project profitability and identify deviations from budget or target margins.
- Analyze direct delivery costs and indirect cost allocation across projects.
4. Monthly Closing & Reporting
- Perform periodic reconciliations between recognized revenue, invoiced amounts, and cash collected.
- Support month-end/quarter-end close activities from a revenue perspective, including accruals, deferred revenue, and WIP.
- Contribute to the group reporting package with detailed project-level revenue and margin analysis.
5. Cross-functional Collaboration
- Partner with Accounting to ensure correct revenue booking.
- Support internal/external audit requests related to revenue recognition.
What about you?
- Minimum 2-4 years in controlling / financial analysis, of which at least 1-2 years in an IT, Software Development, or Professional Services company, with exposure to revenue recognition .
- Project Controlling: Advanced understanding of IT business models (Time & Material vs. Fixed Price, utilization rate, and project margin).
- Contracts: Ability to read and interpret contractual/financial clauses, and comfortable working closely with Legal and Sales on deal review.
- Advanced Excel.
- Experience with ERP/EPM systems (Dynamics 365 is a plus) and project management/time tracking tools (Jira is a plus).
- Foreign Languages: Advanced level of English (written and spoken).
- Education: University degrees in Economics, Finance, or Accounting.
If you think this role is a fit for you, let us get to know you better! There are a couple of steps left:
- A get-to-know-you discussion with your recruiter.
- A technical discussion with our CFO and a member of the team.
- A final discussion with the team to ensure cultural and strategic fit.
Our recruitment process is designed to foster diversity, equity, and inclusion. We are committed to creating a workplace where everyone feels valued, respected, and empowered to thrive.
We are looking for an analytical and detail-oriented Financial Controller to take over revenue recognition, contract compliance, and project financial controlling activities.
If you have experience in the IT/Software environment, understand the dynamics of project profitability, contract structures (Fixed Price, Time & Material, Dedicated Teams), and are used to a fast-paced monthly closing cycle, we want to meet you.
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