Revenue Analyst - Columbia, MD

Rohde & Schwarz - Columbia, SC

Full-time - Mid Level

Columbia, SC

Merchant Wholesalers, Durable Goods

About the position

We are currently looking for an experienced Revenue Analyst based out of our North American headquarters in Columbia, Maryland. This position plays a crucial role in the financial operations of Rohde & Schwarz, focusing on various aspects of revenue management. The primary responsibilities include order backlog review, revenue recognition forecasting, invoicing review, and budget revenue completion. This position is a hybrid role, requiring candidates to be onsite when necessary, and applicants must reside within a commutable distance of the office. The Revenue Analyst will engage in a bi-weekly review of the sales order backlog with project managers to ensure that all orders are tracked and managed effectively. Weekly reviews with the order management team will be conducted to assess the status of standard orders, ensuring that all processes are aligned with company policies. The analyst will also be responsible for completing detailed reporting on the changes in status for backlog orders, which is essential for maintaining accurate financial records. In addition to these responsibilities, the Revenue Analyst will complete a monthly revenue forecast using backlog and order forecasting data provided by the sales team. This includes conducting a monthly variance review and documenting any changes from period to period. The role requires a thorough review of customer purchase orders (POs) to determine the appropriate timing for revenue recognition, adhering to both US and German GAAP standards. The analyst will also perform weekly reviews of billing to ensure timely invoicing based on shipments and will follow up with the billing team to track the status of invoicing. The position also involves confirming that invoicing aligns with customer POs, including managing partial invoicing when necessary. A monthly update on variances between the invoicing forecast and actual figures will be provided, along with variance analysis of orders forecasted against actuals on a 1-month, 3-month, and fiscal year basis. The Revenue Analyst will analyze turn time and margin trends to enhance forecasting accuracy and will undertake other miscellaneous duties as assigned.

Responsibilities

• Review sales order backlog with project managers on a bi-weekly basis
• Review with order management status of standard orders on a weekly basis
• Complete detailed reporting of change in status for backlog orders
• Complete monthly revenue forecast using backlog and order forecasting from sales team
• Monthly variance review and documentation of changes from period to period
• Review customer POs to determine when revenue should be recognized from US and German GAAP
• Weekly review of billing to ensure timely invoicing based on shipments
• Follow-up with members of the billing team to find the status of invoicing weekly
• Confirm invoicing is occurring in accordance with customer PO including but not limited to partial invoicing
• Provide monthly update on variances between invoicing forecast and actual
• Review sales order to confirm consistency with customer PO
• Variance analysis of orders forecast to actual on a 1M, 3M and FY basis
• Analyze turn time and margin trends for forecasting accuracy
• Other miscellaneous duties as assigned

Requirements

• Bachelor's degree in finance or accounting
• 3+ years of professional and related experience
• Excellent organizational skills and detail-oriented
• Computer knowledge - including advanced skills in Microsoft Excel
• Experience in SAP
• Outstanding interpersonal skills with the ability to communicate with a diverse group of people domestically and internationally
• Attention to detail with the willingness to follow-up multiple times to ensure job is completed accurately and thoroughly