Revenue Analyst - Columbia, MD

$72,000 - $105,000/Yr

Rohde & Schwarz - Columbia, MD

Full-time - Entry Level

Columbia, MD

10,001+ employees

Merchant Wholesalers, Durable Goods

About the position

As a Revenue Analyst at Rohde & Schwarz, you will play a crucial role in the financial operations of the company, focusing on revenue recognition and forecasting. Your primary responsibilities will include reviewing the sales order backlog with project managers on a bi-weekly basis, ensuring that all orders are processed and accounted for accurately. You will also engage in weekly reviews with the order management team to track the status of standard orders, which is essential for maintaining an up-to-date understanding of the company's revenue streams. In addition to these tasks, you will be responsible for completing detailed reporting on the changes in status for backlog orders, which will inform the monthly revenue forecast. This forecast will be based on the backlog and order forecasting provided by the sales team. You will conduct monthly variance reviews to document changes from period to period, ensuring that all financial records are accurate and compliant with both US and German GAAP. Your role will also involve reviewing customer purchase orders (POs) to determine the appropriate timing for revenue recognition. You will conduct weekly reviews of billing processes to ensure timely invoicing based on shipments, and you will follow up with the billing team to confirm the status of invoicing. This includes ensuring that invoicing aligns with customer POs, including partial invoicing when necessary. Additionally, you will provide monthly updates on variances between invoicing forecasts and actual figures, and you will analyze sales orders to confirm consistency with customer POs. Your analytical skills will be put to use in variance analysis of orders forecasted against actuals on a 1-month, 3-month, and fiscal year basis, as well as analyzing turn time and margin trends for forecasting accuracy. Other miscellaneous duties may be assigned as needed.

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.
• Conduct 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.
• Conduct variance analysis of orders forecast to actual on a 1M, 3M and FY basis.
• Analyze turn time and margin trends for forecasting accuracy.
• Perform 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.

Benefits

• Flexible working hour models
• Training & continuing education
• Privately owned company
• Promoting innovation
• Long-term & attractive work environment