Revenue Recognition Finance Student

About Xerox Holdings Corporation For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we’ve expanded into software and services to sustainably power the hybrid workplace of today and tomorrow. Today, Xerox is continuing its legacy of innovation to deliver client-centric and digitally-driven technology solutions and meet the needs of today’s global, distributed workforce. From the office to industrial environments, our differentiated business and technology offerings and financial services are essential workplace technology solutions that drive success for our clients. At Xerox, we make work, work. Learn more about us at www.xerox.com (http://www.xerox.com/) .
JOB BACKGROUND
Lexmark – as a subsidiary of Xerox - enters contracts with customers to sell various products (i.e. printers, printer cartridges, spare parts, software, etc.) and render connecting services (i.e. extended warranty, installation, maintenance and professional services, etc.). These are often offered as bundle package and result in complex arrangements with customers (called “Managed Print Services or MPS”) requiring high attention from accounting perspective to ensure that these are accounted for in line with the revenue standard ASC 606 (being convergent with IFRS 15) and the recently implemented lease accounting standard ASC 842 (being convergent with IFRS 16). These complex arrangements can also involve combination of the above-mentioned accounting standards to further add to the complexity.
Revenue recognition team as part of Budapest Finance team (Corporate Accounting) and is responsible for contract analysis, revenue allocation between the above-mentioned hardware and service elements and the revenue recognition process itself. The team is very dynamic and supportive; the successful applicant would have the opportunity to learn and apply the ins and outs of the relevant US GAAP/IFRS standards.

ROLES, RESPONSIBILITIES AND AUTHORITY
- Analyze contracts to create accounting profile which will drive revenue allocation and recognition including lease identification/classification for lease deals.
- Calculate data inputs (called as standalone selling prices -SSPs) for revenue allocation/recognition with the help of various SAP reports and business inputs gained from worldwide stakeholders.
- Support revenue recognition analysts with other more complex revenue allocation/recognition related tasks.
- Work closely with the MPS Business Operations and Contract Setup teams for efficient customer setup process on the basis of accounting analysis prepared.
- Support process improvements proactively and take part in professional/operational training.

EDUCATION & EXPERIENCE
- Ongoing study in Accounting or Finance is needed .
- Work experience in international environment is a plus.

SKILLS: Hard skills:
- Excellent knowledge of MS Excel
- Fluent English mandatory, both written and oral
- Spanish/French/Portuguese knowledge is a plus Soft skills:
- Good analytical skills
- Ability to work in a multinational environment where the needed information is coming from various functions and geographies
- Proactive in identifying issues and solutions
- Very good communication skills
- Flexibility and ability to work towards simultaneous deadlines
- Attention to details is a must

#LI-HYBRID #LI-VB1