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Sr. Manager, Revenue Recognition

Req id:  31703

Richmond Hill, ON, CA Mississauga, ON, CA Waterloo, ON, CA



As the Information Company, our mission at OpenText is to create software solutions and deliver services that redefine the future of digital. Be part of a winning team that leads the way in Enterprise Information Management. 



The Opportunity:


We are seeking a Senior Manager, Revenue Recognition. This role will have a tremendous impact on revenue recognition and designing the business requirements, operations, and system processes to support various company initiatives to grow and scale. This leader will bring thought leadership and business partnering across various organizations such as Sales, Revenue Operations, Deals, FP&A, Legal, IT, Product, Professional Services, and more. This is an incredible opportunity to join a highly motivated, fun team poised for success.


This will have direct exposure to the senior leadership team and an integral position in the company cloud revenue accounting team.


You Are Great At:

  • Manage and lead the cloud revenue close, including deal reviews and management reporting, with a focus on continuous process improvement in a dynamic environment with evolving revenue models, and ensure a high degree of quality, timeliness, and accuracy.
  • Own the preparation and review of monthly and quarterly management reporting with a specific focus on revenue and related financials - analyzing financial results, distilling/synthesizing key trends, and communicating business insights to leadership.
  • Manage and develop the Cloud revenue accounting team including hiring, performance appraisals, coaching and mentoring, etc., and enable proper succession planning and talent management.
  • Serve as the finance organization’s subject matter expert on revenue accounting and collaborate with Sales, Revenue Operations, Deal Desk, Billing, Collections, FP&A, Legal, IT, Product, and Professional Services relative to contract negotiations and new product offerings to provide guidance on technical accounting, policies, and processes.
  • Review and approve non-standard contracts to ensure revenue is recognized in accordance with US GAAP and internal policies.
  • Involved in ad hoc projects which may arise, driving process changes and improvement for the broader Revenue team and ensuring technical compliance.
  • Assist in the review of revenue disclosures for external financial reporting, including 10Qs, 10 Ks, and 8K's, and assist in ensuring compliance with SEC and GAAP reporting requirements.
  • Work closely with the Company’s external auditors on revenue recognition and related controls and manage interim and annual audit requirements.
  • Ensure compliance with Sarbanes-Oxley requirements.


What It Takes:

  • A business degree in accounting or finance is required; CPA is required.
  • 10+ years of experience in public accounting or accounting at a publicly traded company,
  • 3+ years of revenue accounting and management experience is a plus.
  • Working knowledge of ASC 606, including multiple-element arrangement accounting, standalone selling price establishment, contract modification accounting, etc. 
  • Outstanding verbal and written communication skills are required. The ability to communicate technical revenue issues in a business-like, non-technical manner is a basic requirement. 
  • Ability to make data-driven recommendations, decisions, and action plans. 
  • Experience thinking strategically and working effectively across functions to resolve complex business problems.
  • Excellent time and project management skills – can coordinate multiple projects simultaneously in a high-paced and dynamic business culture. Proficiency in Excel is needed.
  • Systems experience with Salesforce, SAP is a plus.



OpenText's efforts to build an inclusive work environment go beyond simply complying with applicable laws. Our Employment Equity and Diversity Policy provides direction on maintaining a working environment that is inclusive of everyone, regardless of culture, national origin, race, color, gender, gender identification, sexual orientation, family status, age, veteran status, disability, religion, or other basis protected by applicable laws. Should you require accommodations during the selection process, please contact


Subject to applicable laws and regulations, OpenText’s global vaccination policy requires all employees to be fully vaccinated against COVID-19 to enter an OpenText office. Accommodations may be available for specific roles.


Our growing team is mapping the future of Information Management, and we continue to make new discoveries that expand its boundaries. Join us and be part of a winning team, where the opportunities for your career are limitless. 

From its innovative start as a research project by University of Waterloo professors in 1991, OpenText has grown into a global company with offices in more than 35 countries. Our high- performance culture has forged our growth and is an excellent fit for people looking to push themselves to learn and do more.

It’s our time to lead, and as part of our team, it will be your time too. Our continued growth will provide you the opportunity to explore, learn and chart an exciting career path while enjoying a good work-life balance. 

If you thrive in a dynamic work environment, there is always a new horizon to explore. We are proud to offer excellent benefits, challenging work and competitive financial rewards. 

Our employee programs prioritize employees’ well-being and that of their families. We offer a comprehensive benefit plan, education assistance, a wellness/fitness reimbursement and time off to volunteer. 

Social events 
With offices around the world and flexible work arrangements, OpenText strives to make sure all our employees feel connected. Teamwork extends to our social lives too from local social events to company-wide activities, we want our employees to take time to relax and have fun.  

Corporate Citizenship  
Corporate Citizenship is more than a program for us, it is engrained in our purpose, impact, and approach to doing business. Through numerous volunteer initiatives, we support education and innovation for global change.

Explore your career and potential. Become an OpenText Navigator.

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