Senior Associate
Ascendion
Location: Vadodara, Gujarat (On site)
Shifts: 11 am to 8 pm / 12 pm to 9 pm IST
Work days: Monday to Friday
About The Role
We are seeking a detail-oriented Technical Accounting Specialist to join our global finance team. The role will support accurate and compliant accounting for complex revenue transactions, with a strong focus on US GAAP (ASC 606) and Indian Accounting Standards (Ind AS 115).
Key Responsibilities
Revenue Recognition & Contract Review
- Review complex, multi-element customer contracts involving software, services and licensing components, and document the appropriate revenue recognition treatment under ASC 606 and Ind AS 115.
- Apply the five-step revenue recognition model to new and modified contracts, including identification of performance obligations, determination of transaction price and allocation of consideration.
- Partner with Sales, Legal and Business Operations teams on deal structures and product offerings to support appropriate accounting and financial reporting outcomes. Technical Accounting & Policy
- Research and document conclusions on technical accounting matters, including business combinations, leases and impairment, under US GAAP and Ind AS.
- Prepare and maintain technical accounting memos, policies and procedures to support consistent application of accounting standards.
- Support statutory financial statement preparation and reconciliation of key accounting metrics between US GAAP and Ind AS.
- Support monthly, quarterly and annual close activities, including journal entries and account reconciliations for deferred revenue, contract assets and contract liabilities.
- Coordinate with internal and external auditors, providing supporting documentation and explanations for revenue and complex accounting positions.
- Maintain effective internal controls and support compliance with SOX and ICFR requirements across revenue recognition and technical accounting processes.
- Education: Chartered Accountant (CA)
- Experience: 3-4 years of progressive accounting experience, preferably combining Big 4 public accounting and/or relevant industry exposure.
- Technical expertise: Practical knowledge of ASC 606, Ind AS 115 / IFRS 15, US GAAP and Ind AS.
- Systems: Advanced proficiency in Excel and experience with ERP platforms such as SAP, Oracle or NetSuite
Ascendion is a leading provider of AI-first software engineering services. Our applied AI, software engineering, cloud, data, experience design and talent transformation capabilities accelerate innovation for Global 2000 clients. Headquartered in New Jersey, Ascendion has a presence in 13 countries and 40+ offices across North America, Europe and APAC, supported by a remote and hybrid workforce. We are committed to building technology powered by Generative AI while fostering an inclusive workforce, serving our communities and cultivating a vibrant culture.
For more information, visit www.ascendion.com