PTC
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Revenue Assurance Specialist
role at
PTC
Our world is transforming, and PTC is leading the way. Our software brings the physical and digital worlds together, enabling companies to improve operations, create better products, and empower people in all aspects of their business. Our people make all the difference in our success. Today, we are a global team of nearly 7,000 and our main objective is to create opportunities for our team members to explore, learn, and grow – all while seeing their ideas come to life and celebrating the differences that make us who we are and the work we do possible.
USA-Boston
The successful candidate will be a key contributor to many departmental goals/objectives and lead multiple projects impacting PTC’s worldwide finance community. You will have the opportunity to interface across multiple functional organizations outside of the revenue team, as well as work closely with colleagues across the broader revenue team to understand both revenue recognition complexities and various financial analyses. Ideal candidates will be action-oriented and enjoy a fast‑paced atmosphere where the ability to multi‑task and strong analytical and collaboration skills are a must.
PTC is undergoing a transformation to transition our business into a best‑in‑class subscription company with cloud‑based and on‑premise offerings. The Revenue Assurance team is responsible for navigating the complexities associated with our transition to a new business model, the adoption of new regulatory rules and the revenue impact, ensuring that our systems recognize revenue properly and the accounting treatment is in accordance with US GAAP. We are a highly motivated, high‑performing multi‑national organization with team members in the US, Europe and Asia.
Day‑To‑Day
Perform contract reviews for revenue‑related contracts to determine appropriate accounting treatment under ASC 606 and document conclusions
Review, recalculate, and analyze the accounting of revenue contracts in the revenue accounting automation system and communicate any required adjustments and/or revenue judgments to the Revenue Accounting team
Interact with Deal Desk, Legal, Operations and Sales during contract negotiations/non‑standard deal modeling gaining an understanding of the deal structure and identify facts that might impact revenue recognition and reporting.
Assist in updating internal revenue policies and procedures and ensure procedures are followed in compliance with the Company’s SOX controls
Coordinate and/or review and respond to internal and external audit queries for corporate quarterly and annual audits to ensure auditors are receiving required information in an accurate and timely manner.
Clarify operating procedures and help drive process improvement initiatives
Assist in the compilation of various financial statement disclosures
Preferred Skills and Knowledge
Understanding of general accounting principles and standards (knowledge of ASC 606 software revenue recognition preferred)
Ability to research accounting guidance and apply to new business offerings
Ability to work in a fast‑paced environment and meet deadlines
Intellectual curiosity and creativity
Ability to analyze and interpret data sets
Strong attention to detail, time management, organization and communication skills
Excellent communication skills: able to clearly communicate information in an easy to understand manner; able to deliver message effectively verbally and in writing
Demonstrated business acumen and ability to deal with ambiguity and understand PTC’s business drivers
Basic Qualifications
Bachelor’s degree in Accounting or Finance
1‑4 years of experience in accounting, finance or related field (Public Accounting firm experience a plus)
At PTC, we believe in the power of diverse ideas and perspectives. As a global company that values and respects all identities, cultures, and perspectives, we strive to create an inclusive PTC for ALL through an environment where everyone feels like they belong and are empowered to bring their true, authentic selves to work. Proud to be an Equal Opportunity Employer, we welcome applicants from all backgrounds and hire without regard to race, national origin, religion, age, color, ethnicity, ancestry, marital status, sex (including pregnancy), sexual orientation, gender identity, gender expression, genetic information, disability, veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Life at PTC is about more than working with today’s most cutting‑edge technologies to transform the physical world. It’s about showing up as you are and working alongside some of today’s most talented industry leaders to transform the world around you.
If you share our passion for problem‑solving through innovation, you’ll likely become just as passionate about the PTC experience as we are. Are you ready to explore your next career move with us?
We respect the privacy rights of individuals and are committed to handling Personal Information responsibly and in accordance with all applicable privacy and data protection laws. Review our Privacy Policy here.
#J-18808-Ljbffr
Revenue Assurance Specialist
role at
PTC
Our world is transforming, and PTC is leading the way. Our software brings the physical and digital worlds together, enabling companies to improve operations, create better products, and empower people in all aspects of their business. Our people make all the difference in our success. Today, we are a global team of nearly 7,000 and our main objective is to create opportunities for our team members to explore, learn, and grow – all while seeing their ideas come to life and celebrating the differences that make us who we are and the work we do possible.
USA-Boston
The successful candidate will be a key contributor to many departmental goals/objectives and lead multiple projects impacting PTC’s worldwide finance community. You will have the opportunity to interface across multiple functional organizations outside of the revenue team, as well as work closely with colleagues across the broader revenue team to understand both revenue recognition complexities and various financial analyses. Ideal candidates will be action-oriented and enjoy a fast‑paced atmosphere where the ability to multi‑task and strong analytical and collaboration skills are a must.
PTC is undergoing a transformation to transition our business into a best‑in‑class subscription company with cloud‑based and on‑premise offerings. The Revenue Assurance team is responsible for navigating the complexities associated with our transition to a new business model, the adoption of new regulatory rules and the revenue impact, ensuring that our systems recognize revenue properly and the accounting treatment is in accordance with US GAAP. We are a highly motivated, high‑performing multi‑national organization with team members in the US, Europe and Asia.
Day‑To‑Day
Perform contract reviews for revenue‑related contracts to determine appropriate accounting treatment under ASC 606 and document conclusions
Review, recalculate, and analyze the accounting of revenue contracts in the revenue accounting automation system and communicate any required adjustments and/or revenue judgments to the Revenue Accounting team
Interact with Deal Desk, Legal, Operations and Sales during contract negotiations/non‑standard deal modeling gaining an understanding of the deal structure and identify facts that might impact revenue recognition and reporting.
Assist in updating internal revenue policies and procedures and ensure procedures are followed in compliance with the Company’s SOX controls
Coordinate and/or review and respond to internal and external audit queries for corporate quarterly and annual audits to ensure auditors are receiving required information in an accurate and timely manner.
Clarify operating procedures and help drive process improvement initiatives
Assist in the compilation of various financial statement disclosures
Preferred Skills and Knowledge
Understanding of general accounting principles and standards (knowledge of ASC 606 software revenue recognition preferred)
Ability to research accounting guidance and apply to new business offerings
Ability to work in a fast‑paced environment and meet deadlines
Intellectual curiosity and creativity
Ability to analyze and interpret data sets
Strong attention to detail, time management, organization and communication skills
Excellent communication skills: able to clearly communicate information in an easy to understand manner; able to deliver message effectively verbally and in writing
Demonstrated business acumen and ability to deal with ambiguity and understand PTC’s business drivers
Basic Qualifications
Bachelor’s degree in Accounting or Finance
1‑4 years of experience in accounting, finance or related field (Public Accounting firm experience a plus)
At PTC, we believe in the power of diverse ideas and perspectives. As a global company that values and respects all identities, cultures, and perspectives, we strive to create an inclusive PTC for ALL through an environment where everyone feels like they belong and are empowered to bring their true, authentic selves to work. Proud to be an Equal Opportunity Employer, we welcome applicants from all backgrounds and hire without regard to race, national origin, religion, age, color, ethnicity, ancestry, marital status, sex (including pregnancy), sexual orientation, gender identity, gender expression, genetic information, disability, veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Life at PTC is about more than working with today’s most cutting‑edge technologies to transform the physical world. It’s about showing up as you are and working alongside some of today’s most talented industry leaders to transform the world around you.
If you share our passion for problem‑solving through innovation, you’ll likely become just as passionate about the PTC experience as we are. Are you ready to explore your next career move with us?
We respect the privacy rights of individuals and are committed to handling Personal Information responsibly and in accordance with all applicable privacy and data protection laws. Review our Privacy Policy here.
#J-18808-Ljbffr