EXL (NASDAQ: EXLS) is a global data and artificial intelligence ("AI") company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect.
We are headquartered in New York and have more than 60,000 employees spanning six continents. For more information, visit www.exlservice.com.
Role Title: Consignment Analyst, Revenue Accounting
BU/Segment: Diversified Industries
Location: Remote – Must be based in the United Kingdom (Occasional travel to client sites and to EXL offices)
Employment Type: Permanent
Summary of the role:
The Consignment Analyst owns the monthly consignment revenue cycle for a global entertainment and consumer products client, from consignee sales data through to posted journal entries and reconciled balances. The role works to a fixed close calendar and is the process owner for consignment revenue documentation and controls evidence.
As part of your duties, you will be responsible for:
Consignment revenue accounting- Own the end-to-end monthly consignment close across all consignees, delivered to a fixed day-2 and day-5 journal entry calendar
- Build revenue recognition schedules from sales order and consignee sales data for each release
- Calculate consignment revenue estimates each period and document the basis for the estimate
- Apply revenue recognition treatment consistent with ASC 606 and client accounting policy, escalating judgement calls for review
- Prepare and post journal entries with complete supporting schedules
- Reconcile consignee reporting, the sub-ledger and the general ledger, resolving variances to root cause
- Maintain inventory-linked, deferred and unbilled positions where they apply
- Prepare period-close schedules and variance commentary for review
- Support month, quarter and year-end reporting requirements
- Maintain keystroke-level SOPs and process maps for the consignment cycle under version control
- Operate maker-checker review and retain evidence for quality sampling and audit
- Support internal and external audit requests with documentation and clear explanation
- Identify control gaps and manual effort, and propose automation or simplification
Qualifications and experience we consider to be essential for the role:
- Minimum 3 years of experience in revenue accounting, record to report or general accounting
- Bachelor's degree in accounting or finance; part-qualified or qualified ACCA, CIMA or ACA preferred
- Working knowledge of revenue recognition principles, with ASC 606 exposure preferred
- Strong Excel, including large reconciliation and schedule workbooks
- ERP experience, Oracle preferred
- Accuracy under a fixed close calendar, and the ability to explain how a number was derived and defend it to a reviewer or auditor
- Exposure to consignment, royalty or licensing accounting is an advantage
As part of a leading global Data and AI company, you can look forward to:
- A competitive salary with a generous bonus, private healthcare, critical illness life assurance at 4 x your annual salary, income protection insurance, and a rewarding pension.
- EXL provides everyday financial well-being solutions, such as cash back cards, in which you can earn cashback while enjoying discounts, promotions, and offers from top retailers. We also offer a Cycle Scheme where you can save money on bikes and cycling accessories.
- At EXL, we are committed to providing our employees with the tools and resources they need to succeed and excel in their careers. We offer a wide range of professional and personal development opportunities. We also support a range of learning initiatives that allow our employees to build on their existing skills and knowledge. From online courses to seminars and workshops, our employees have the opportunity to enhance their skills and stay up to date with the latest trends and technologies.
- As an Equal Opportunity Employer, EXL is committed to diversity. Our company does not discriminate based on race, religion, colour, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, age, or disability status.
- EXL employees are eligible to purchase stock as part of our Employee Stock Purchase Plan (ESPP).
- At EXL, we offer a flexible hybrid working model that allows employees to live a balanced, healthy lifestyle while strengthening our culture of collaboration.
To be considered for this role, you must already be eligible to work in the United Kingdom.
Minimum 3 years revenue accounting or general accounting experience; bachelor's degree in accounting or finance; ACCA, CIMA or ACA preferred; strong Excel; ERP experience with Oracle preferred; must be eligible to work in the UK.
Key Responsibilities
- owning consignment close
- preparing journal entries
- reconciling ledgers
Skills & Tools
Microsoft Excel, Oracle
Job Details
- Category: Finance and Accounting
- Seniority: Mid Level
- Commitment: Full Time
- Workplace: Remote — United Kingdom
- Languages: English
Benefits
- Retirement plan
About EXL Service
A global data and AI company offering services and solutions to reinvent client business models and drive growth. — Industry: Information Technology