Rimini Street, Inc

Sr. Revenue Accountant

Job Location US-CA-Pleasanton | US-CA-Pleasanton
Job ID
2019-6048

Job Description

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company was founded to disrupt and redefine the enterprise software support market by developing innovative new products and services, providing ultra-responsive service and delivering outstanding value to clients. Over 2000  global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, third-party support provider.

 

The company is widely recognized by clients, leading industry analysts (including Gartner, Forrester, Constellation Research and Nucleus), and financial analysts as the leader in a large, fast growing market with tremendous upside and an extremely strong value proposition that resonates with CIOs and CFOs.

 

We actively seek a Sr. Revenue Accountant resident in our Pleasanton, California or Chicago, Illinois offices.

 

Rimini Street views all employees as partners, and is committed to providing an exciting, participatory and team-oriented work environment. In addition to our very competitive compensation packages, be prepared for challenging professional growth and fun along the way in our work-hard, play-hard corporate environment.

 

Position Summary

 

Rimini Street has an exciting opportunity for an experienced Sr. Revenue Accountant to join our Finance organization, the Sr. Director of Global Revenue. As a member of this team, you will be required to have a strong background and understanding of US GAAP accounting principles, and in depth knowledge or revenue recognition guidance including ASC-605 and ASC-606. You will be joining a team of consisting of experienced, motivated, creative, self-sufficient and high energy performers who are responsible for global revenue recognition and accounting, the adoption of ASC-606 and implementation of RevPro This position will build strong partnerships with sales, sales operations, legal and cross functional finance teams including FPA, GL and operations.

 

Essential Duties and Responsibilities:

  • Provide revenue recognition guidance based on authoritative literature and company policies
  • Documenting and accounting for new and renewal business in accordance with ASC-605 and company policy
  • Evaluate contracts and document the differences between ASC-605 & 606 accounting treatment on a transaction basis
  • Set up revenue recognition schedules in ERP
  • Lead role in monthly revenue close
  • Assist with the adoption and implementation of ASC-606, working closely with our external third parties and internal resources
  • Work cross functionally to support the accounting team in special projects and initiatives
  • Support the revenue team in developing best practices in go forward accounting systems, processes and procedures
  • Prepare journal entries and reconcile financial data
  • Assist in the development and support of Standalone Selling Price (SSP)
  • Stay current on revenue recognition guidance and make interpretations of guidance with respect to company revenues.
  • Prepare technical accounting memos that analyze and conclude on revenue issues on large customer contracts as required.
  • Build and manage strong business partnerships with the project PMO, key finance, legal, sales, and operations leaders to ensure effective internal control collaboration in a fast paced environment
  • Assist in establishing and monitoring the implementation and maintenance of accounting control procedures and accounting policies.
  • Ensure compliance with Sarbanes-Oxley 404 by maintaining required documentation and supporting the testing of revenue operations.
  • Assist in special finance and accounting projects

Qualifications/Skills/Experience

Education

  • Bachelor’s degree in Finance or Accounting or equivalent; CPA strongly desired

 

Location

  • Pleasanton, CA or Chicago, IL

 

Experience

  • 7-10 years of Revenue Accounting experience in public companies
  • Public Accounting experience auditing technology companies and/or ASC 606 strongly desired
  • Experience in ASC 985-605, ASC 605-25, ASC 606, ASU 2009-13 and ASU 2009-14

 

Skills

  • Self-starter that works independently with minimal direction
  • In depth knowledge of US GAAP, technology revenue accounting and reporting
  • Team player and solid communicator (written and verbal skills).
  • Strong analytical and creative problem solving skills
  • Strong system and excel skills. Experience with Microsoft AX a plus

Company Description

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. More than 2,000 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely on Rimini Street as their trusted application enterprise software products and services provider.

 

The company is widely recognized by clients, leading industry analysts (including Gartner, Forrester, Constellation Research and Nucleus), and financial analysts as the leader in a large, fast growing market with tremendous upside and an extremely strong value proposition that resonates with CIOs and CFOs. According to Gartner, the third-party support market will grow to $1.05 billion by 2023, a 200% increase. With tight IT budgets and flat global economic growth, IT and procurement professionals are actively looking for proven methods to cut costs while improving service. Rimini Street enables organizations to free up budget for strategic business initiatives by delivering savings of up to 90 percent on total maintenance and support costs, and to date, the company has saved organizations over $5 billion in total maintenance costs since its inception.

 

Be Treated Like the Best

  • Rimini Street hires only the best – and provides the compensation, bonus and benefit programs appropriate for proven top-performing professionals. We want our employees to have an opportunity to share in the financial success that results from our dedication to service excellence, high-quality deliverables and an unparalleled client experience
  • No bureaucracy, thousand-page rule books or politics — just everyone working together to build a great company through service excellence and client success
  • Work hard, play hard environment – Rimini Street is a group of hard-working professionals who are passionate about achieving success, but we also enjoy opportunities to meet up at fun company events
  • We are also passionate about giving back to our communities around the world, with plenty of opportunities for volunteering and charity through the Rimini Street Foundation
  • All Rimini Street professionals are encouraged to grow and learn new skills

 

Accelerating Company Growth

  • Trading on Nasdaq under ticker symbol RMNI since October 2017
  • Added to the US Russell 2000® Index in 2018
  • Over 2,000 active clients, including 100 of the Fortune 500 and Global 100
  • 2019 fiscal year revenue of $281.1 million, up 10.9% year over year
  • Expanded operations in Eastern Europe, Latin America, Southeast Asia and the Middle East in 2019
  • Launched the global availability of Application Management Services for Salesforce, SAP and Oracle

 

Recent Industry Recognition

  • Received 34 awards in 2019, including 24 awards for excellence in customer service from awards companies such as the International Stevie Awards, the American Stevie Awards, and the Stevie Awards for Sales & Customer Service
  • Honored with two gold Stevie awards for Company of the Year in 2019,
  • The Rimini Street Foundation also recognized with a Stevie award in 2019 for Corporate Social Responsibility Program of the Year

 

In 2019, Rimini Street also partnered with 68 charities around the world through the Rimini Street Foundation, providing financial contributions, in-kind donations and more than 800 employee volunteer hours, and expanded its charitable work to Germany and Taiwan.

To learn more about how Rimini Street is redefining the enterprise software support industry, visit http://www.riministreet.com

 

Rimini Street is committed to creating a diverse environment and is proud to be an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, national origin, sexual orientation, gender or gender identity, disability and protected veterans status or any other characteristic protected by law.

 

Please Note:  Rimini Street does not accept resumes submitted by recruiting/staffing firms unless specifically requested by Human Resources.  Unsolicited resumes will be ineligible for referral fees.

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