Senior Revenue Recognition Analyst

Company: Western Digital
Location: Milpitas
Posted on: November 16, 2023

Job Description:

Company Description

At Western Digital, our vision is to power global innovation and push the boundaries of technology to make what you thought was once impossible, possible.

At our core, Western Digital is a company of problem solvers. People achieve extraordinary things given the right technology. For decades, we've been doing just that. Our technology helped people put a man on the moon.

We are a key partner to some of the largest and highest growth organizations in the world. From energizing the most competitive gaming platforms, to enabling systems to make cities safer and cars smarter and more connected, to powering the data centers behind many of the world's biggest companies and public cloud, Western Digital is fueling a brighter, smarter future.

Binge-watch any shows, use social media or shop online lately? You'll find Western Digital supporting the storage infrastructure behind many of these platforms. And, that flash memory card that captures and preserves your most precious moments? That's us, too.

We offer an expansive portfolio of technologies, storage devices and platforms for business and consumers alike. Our data-centric solutions are comprised of the Western Digital -, G-Technology---, SanDisk - and WD - brands.

Today's exceptional challenges require your unique skills. It's You & Western Digital. Together, we're the next BIG thing in data.

Job Description

Western Digital is seeking for a Senior Revenue Recognition Analyst to join our Revenue Accounting Team. This position will be responsible for technical revenue subject matters and revenue operations activities including reviewing and assessing revenue contracts, analyzing and documenting complex revenue transactions, performing monthly revenue accounting close and supporting internal and external audits and reviews. The Sr. Revenue Recognition Analyst will get exposure to a wide range of business activities and interact across geographies with cross functions. This role requires a highly motivated and experienced accounting professional with a track record of success in global revenue operations. This role will partner with other business functions on projects, lead corporate initiatives towards process improvement and supporting transformational projects to achieve best in class results. This individual must possess the ability to successfully interact with, influence, coordinate both a geographically and culturally diverse set of financial team members.

Job Responsibilities:

• Review and assess sales contracts, PO terms and conditions and non-standard transactions for revenue recognition implication under ASC 606; document revenue recognition analysis and provide guidance to internal revenue team and cross functions
• Perform technical research and analysis for significant revenue arrangements and write technical memos supporting the accounting position
• Collaborate within revenue team and cross-functionally with Legal, Sales, Sales Ops, BU Finance, Product Management and Field Application Engineering to review and analyze issues around revenue recognition and advise revenue treatment
• Perform various monthly and quarterly revenue close tasks, including validating product return reserves, programs, posting of monthly and quarterly revenue journal entries and preparing deferral revenue and refund liability reconciliations
• Assist to establish and maintain revenue recognition policies and procedures to ensure US GAAP compliance and strong internal controls
• Collaborate with other functional business units to perform quarterly revenue analytics
• Design, implement and maintain effective key accounting processes, policies, and internal controls; Evaluate and recommend best practices for close optimization and process improvement opportunities.
• Maintain SOX control compliance for revenue related controls
• Coordinate the audit requests in support of internal management and external audit to ensure that all revenue PBC deliverables are properly completed
• Lead or assist with ad-hoc projects as needed and drive projects to successful completion Qualifications
  • 6+ years of combined experience in Big 4 audit and corporate revenue accounting in technology industry
  • Bachelor's Degree in accounting or finance
  • Strong ASC 606 technical revenue recognition experience required
  • Strong communication (including technical memo writing) and analytical skills
  • CPA preferred
  • Experience in SAP and Oracle Cloud
  • Proficient in Business Objects/Business Intelligence preferred
  • Strong skills on Microsoft Excel, Word & PowerPoint The successful candidate must have proven ability to achieve results in a fast moving, dynamic environment, excellent written and verbal communication skill and must have demonstrated ability to work effectively with cross-functional teams throughout the organization at different levels. The individual must be detail-oriented, well-organized, reliable and flexible. The individual needs to be a self-starter with fast learning skills and be able to work with minimal supervision. The individual must be a team player and demonstrate ability to work well with others. The ability to prioritize workload and provide quality work under strict deadlines is a must.
    
    Additional Information
    
    Western Digital is committed to providing equal opportunities to all applicants and employees and will not discriminate based on their race, color, ancestry, religion (including religious dress and grooming standards), sex (including pregnancy, childbirth or related medical conditions, breastfeeding or related medical conditions), gender (including a person's gender identity, gender expression, and gender-related appearance and behavior, whether or not stereotypically associated with the person's assigned sex at birth), age, national origin, sexual orientation, medical condition, marital status (including domestic partnership status), physical disability, mental disability, medical condition, genetic information, protected medical and family care leave, Civil Air Patrol status, military and veteran status, or other legally protected characteristics. We also prohibit harassment of any individual on any of the characteristics listed above. Our non-discrimination policy applies to all aspects of employment. We comply with the laws and regulations set forth in the Equal Employment Opportunity is the Law poster.
    
    Western Digital thrives on the power and potential of diversity. As a global company, we believe the most effective way to embrace the diversity of our customers and communities is to mirror it from within. We believe the fusion of various perspectives results in the best outcomes for our employees, our company, our customers, and the world around us. We are committed to an inclusive environment where every individual can thrive through a sense of belonging, respect and contribution.
    
    Western Digital is committed to offering opportunities to applicants with disabilities and ensuring all candidates can successfully navigate our careers website and our hiring process. Please contact us at jobs.accommodations@wdc.com to advise us of your accommodation request. In your email, please include a description of the specific accommodation you are requesting as well as the job title and requisition number of the position for which you are applying.
    
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    Compensation & Benefits Details
    • An employee's pay position within the salary range may be based on several factors including but not limited to (1) relevant education; qualifications; certifications; and experience; (2) skills, ability, knowledge of the job; (3) performance, contribution and results; (4) geographic location; (5) shift; (6) internal and external equity; and (7) business and organizational needs.
    • The salary range is what we believe to be the range of possible compensation for this role at the time of this posting. We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in California, Colorado, New York or remote jobs that can be performed in California, Colorado and New York. This range may be modified in the future.
    • You will be eligible to participate in Western Digital's Short-Term Incentive (STI) Plan, which provides incentive awards based on Company and individual performance. Depending on your role and your performance, you may be eligible to participate in our annual Long-Term Incentive (LTI) program, which consists of restricted stock units (RSUs) or cash equivalents, pursuant to the terms of the LTI plan. Please note that not all roles are eligible to participate in the LTI program, and not all roles are eligible for equity under the LTI plan. RSU awards are also available to eligible new hires, subject to Western Digital's Standard Terms and Conditions for Restricted Stock Unit Awards.
    • We offer a comprehensive package of benefits including paid vacation time; paid sick leave; medical/dental/vision insurance; life, accident and disability insurance; tax-advantaged flexible spending and health savings accounts; employee assistance program; other voluntary benefit programs such as supplemental life and AD&D, legal plan, pet insurance, critical illness, accident and hospital indemnity; tuition reimbursement; transit; the Virgin Pulse Program; the Applause Program, employee stock purchase plan, and the Western Digital Savings 401(k) Plan.
    • Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

Keywords: Western Digital, Milpitas , Senior Revenue Recognition Analyst, Accounting, Auditing , Milpitas, California