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Revenue Analyst 2

Company Description

At Intuitive, we are united behind our mission: we believe that minimally invasive care is life-enhancing care. Through ingenuity and intelligent technology, we expand the potential of physicians to heal without constraints.
As a pioneer and market leader in robotic-assisted surgery, we strive to foster an inclusive and diverse team, committed to making a difference. For more than 25 years, we have worked with hospitals and care teams around the world to help solve some of healthcare's hardest challenges and advance what is possible.
Intuitive has been built by the efforts of great people from diverse backgrounds. We believe great ideas can come from anywhere. We strive to foster an inclusive culture built around diversity of thought and mutual respect. We lead with inclusion and empower our team members to do their best work as their most authentic selves.
Passionate people who want to make a difference drive our culture. Our team members are grounded in integrity, have a strong capacity to learn, the energy to get things done, and bring diverse, real world experiences to help us think in new ways. We actively invest in our team members to support their long-term growth so they can continue to advance our mission and achieve their highest potential.
Join a team committed to taking big leaps forward for a global community of healthcare professionals and their patients. Together, let's advance the world of minimally invasive care.

Job Description

We are searching for a dynamic Revenue Analyst 2 who is motivated, results-driven, and solution oriented, while also being passionate about making a positive impact on society. This role will be a key member of the Revenue Accounting Team. This role offers an excellent opportunity to showcase and develop robust revenue recognition (ASC 842 and 606) skills along with operational skills by working closely with cross-functional departments of the Company. This will help you develop broader and deeper comprehension of the Company’s business and operational processes that are essential for solid career growth.

At Intuitive Surgical, you will take part in our commitment to excellence by partnering with managers and executive leadership. The accounting and finance organization is focused on driving continuous improvement and working towards becoming a world-class finance organization. We do this by hiring quality team members who possess integrity, personal accountability, team mindset, excellence, and proactive thinking. If you exemplify our values and want to be part of a company committed to making a difference in people’s lives, this is the role for you.

Role and Responsibilities:

  • Perform revenue close activities including executing journal entries, preparation of lease related account reconciliations, management reporting, and preparation of lease related supplemental monthly reporting schedules and balance-sheet/income statement variance analysis in accordance with our monthly close schedule.
  • Partner cross functionally with other teams (IT, contracts, accounting, and finance, etc.) in system and process implementation projects and perform testing to validate system design is appropriate.
  • Review and process lease and purchase contracts and ensure system inputs/outputs align with contract
  • Proactively identify opportunities for process improvement or operational automation in existing system infrastructure.
  • Examine and assess the accounting and financial reporting implications related to revenue and lease contracts entered into with our customers, under ASC 606 and ASC 842.
  • Comply with internal controls as well as update process documentation when needed.
  • Ensure compliance with corporate accounting policies, procedures, and U.S. GAAP for accountable areas
  • Work directly with external auditors for annual audit requirements.

Qualifications

Required Skills and Experience

  • 2+ years of related experience in Revenue accounting or closely related accounting field.
  • Proven fundamental accounting knowledge.
  • Exceptional statistical and problem-solving skills.
  • Advanced Excel skills.
  • Exceptional communication, relational, and project management skills.
  • Detail oriented, organized, motivated and able to function in a fast-paced environment, especially during quarter-end reporting periods.
  • Ability to handle ambiguity effectively and manage multiple projects/assignments at once.
  • This role requires working onsite in our Sunnyvale, CA office Tuesday, Wednesday, and Thursday every week.

Required Education and Training

  • Bachelor’s degree in Accounting/Finance or closely related discipline.

Preferred Skills and Experience

  • CPA or equivalent accounting certification is highly preferred.
  • Big 4 experience is a plus.
  • Tableau, SQL, and Power Query skills preferred.
  • Knowledge of SAP (or other large ERP) and Salesforce is preferred.

#LI-HYBIRD #weareintuitive #dei

Additional Information

Due to the nature of our business and the role, please note that Intuitive and/or your customer(s) may require that you show current proof of vaccination against certain diseases including COVID-19. Details can vary by role.

Intuitive is an Equal Employment Opportunity Employer. We provide equal employment opportunities to all qualified applicants and employees, and prohibit discrimination and harassment of any type, without regard to race, sex, pregnancy, sexual orientation, gender identity, national origin, color, age, religion, protected veteran or disability status, genetic information or any other status protected under federal, state, or local applicable laws.

We will consider for employment qualified applicants with arrest and conviction records in accordance with fair chance laws.

We provide market-competitive compensation packages, inclusive of base pay, incentives, benefits, and equity. It would not be typical for someone to be hired at the top end of range for the role, as actual pay will be determined based on several factors, including experience, skills, and qualifications. The target salary ranges are listed.

Due to the nature of our business and the role, please note that Intuitive and/or your customer(s) may require that you show current proof of vaccination against certain diseases including COVID-19.  Details can vary by role.

Intuitive is an Equal Employment Opportunity. We provide equal employment opportunities to all qualified applicants and employees, and prohibit discrimination and harassment of any type, without regard to race, sex, pregnancy, sexual orientation, gender identity, national origin, color, age, religion, protected veteran or disability status, genetic information or any other status protected under federal, state, or local applicable laws.

Mandatory Notices

We will consider for employment qualified applicants with arrest and conviction records in accordance with fair chance laws.

Preference will be given to qualified candidates who do not reside, or plan to reside, in Alabama, Arkansas, Delaware, Florida, Indiana, Iowa, Louisiana, Maryland, Mississippi, Missouri, Oklahoma, Pennsylvania, South Carolina, or Tennessee.

We provide market-competitive compensation packages, inclusive of base pay, incentives, benefits, and equity. It would not be typical for someone to be hired at the top end of range for the role, as actual pay will be determined based on several factors, including experience, skills, and qualifications. The target salary ranges are listed.

Average salary estimate

$75000 / YEARLY (est.)
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$60000K
$90000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Revenue Analyst 2, Intuitive

At Intuitive in Sunnyvale, CA, we're seeking a dynamic Revenue Analyst 2 to join our impactful Revenue Accounting Team. This is an exciting opportunity for someone who is results-driven and solution-oriented, with a passion for positively impacting society. You’ll be at the heart of our mission, which is to enhance minimally invasive care through innovative technology. In this role, you’ll perform essential revenue close activities, including executing journal entries and preparing reconciliations and management reports. You'll also work cross-functionally with our IT, accounting, and finance teams on projects designed to enhance our systems and processes. By proactively identifying opportunities for improvement and ensuring compliance with accounting principles, you will play a crucial role in our commitment to excellence. We are looking for someone with at least two years of relevant experience, advanced Excel skills, and a solid foundational understanding of accounting principles. If you thrive in fast-paced environments and are motivated by our mission of advancing healthcare, this role at Intuitive could be the perfect fit for you. Join us, and let’s make a difference together!

Frequently Asked Questions (FAQs) for Revenue Analyst 2 Role at Intuitive
What are the main responsibilities of a Revenue Analyst 2 at Intuitive?

As a Revenue Analyst 2 at Intuitive, your key responsibilities include executing revenue close activities, preparing lease-related account reconciliations, and participating in cross-functional projects. You'll work closely with various departments to ensure that revenue recognition complies with ASC 606 and ASC 842. This role also involves identifying opportunities for operational improvement and ensuring compliance with corporate accounting policies.

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What qualifications are needed for the Revenue Analyst 2 position at Intuitive?

To qualify for the Revenue Analyst 2 position at Intuitive, candidates should have a Bachelor’s degree in Accounting, Finance, or a related field, along with at least two years of relevant accounting experience. Advanced Excel skills and a fundamental understanding of accounting principles are required, while knowledge of tools such as SAP, Tableau, or SQL is preferred.

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How does the Revenue Analyst 2 role contribute to the mission at Intuitive?

The Revenue Analyst 2 role at Intuitive significantly contributes to our mission of promoting minimally invasive care by ensuring accurate revenue recognition and compliance practices. By maintaining meticulous financial reporting and collaborating with cross-functional teams, you help us support healthcare providers in delivering better patient care.

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Is experience in Big 4 accounting firms a requirement for the Revenue Analyst 2 position at Intuitive?

While experience in Big 4 accounting firms is not a strict requirement for the Revenue Analyst 2 role at Intuitive, it is considered a plus. We value a diverse range of experiences, and candidates with a strong background in revenue accounting or related fields will also be well-suited for this position.

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What skills will help you succeed as a Revenue Analyst 2 at Intuitive?

To succeed as a Revenue Analyst 2 at Intuitive, you should possess exceptional analytical and problem-solving skills, attention to detail, and the ability to manage multiple projects in a fast-paced environment. Strong communication and project management skills will also help you collaborate effectively with various teams and enhance operational processes.

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Common Interview Questions for Revenue Analyst 2
Can you explain the revenue recognition process you follow?

In preparing for your interview for the Revenue Analyst 2 position at Intuitive, discuss the steps involved in revenue recognition according to ASC 606, including identifying contracts, performance obligations, and determining transaction prices. Highlight your ability to evaluate contracts and align accounting practices with regulatory requirements.

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What software tools have you used for revenue accounting?

Mention the software tools you are familiar with, such as SAP, Excel, or any other ERP systems, and explain how you have used them in your previous roles for tasks like financial reporting, data analysis, or operational automation.

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How do you manage tight deadlines during quarter-end reporting?

Share specific strategies that you use to manage time effectively, such as prioritizing tasks, maintaining open communication with your team, and using project management software to track progress. Give examples from your previous experience to demonstrate your capability of handling high-pressure situations.

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Can you describe a challenging accounting issue you've faced and how you resolved it?

Use the STAR method (Situation, Task, Action, Result) to articulate a specific challenge you encountered in revenue accounting, detailing the steps you took to analyze and resolve it. Focus on critical thinking and problem-solving skills that are essential for the Revenue Analyst 2 role.

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What are the most important qualities for a Revenue Analyst to possess?

Emphasize qualities such as attention to detail, analytical skills, integrity, and the ability to collaborate with cross-functional teams. Share why these qualities are particularly important for the work done at Intuitive, given its mission.

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How comfortable are you with analyzing complex financial data?

Express your comfort level and experience in analyzing complex financial data. Provide examples of how you've successfully analyzed data in previous roles and translated insights into actionable recommendations for stakeholders.

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How do you approach process improvement in accounting?

Discuss your methodology for identifying inefficiencies in accounting processes, such as conducting analyses and gathering feedback. Talk about any successful process improvements you've implemented in the past, specifically how you utilized technology to streamline operations.

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What do you know about ASC 606 and ASC 842?

Prepare to explain both standards to demonstrate your understanding of revenue recognition. Detail key aspects of ASC 606 (Revenue from Contracts with Customers) and ASC 842 (Leases), illustrating how they apply to accounting practices in the industry.

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Why do you want to work at Intuitive?

Show your enthusiasm for the company by focusing on its commitment to innovation in healthcare. Talk about how the values and mission align with your career goals, and express your desire to contribute as a Revenue Analyst 2.

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How do you stay updated with changes in accounting regulations?

Mention the resources you use to stay current with accounting regulations, such as professional journals, continuing education courses, and industry webinars, highlighting your commitment to lifelong learning in the field of accounting and finance.

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Founded in 1995, Intuitive Surgical, Inc develops, manufactures and markets robotic technologies designed to improve clinical outcomes and help patients return more quickly to active and productive lives. The company is headquartered in Sunnyvale,...

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Full-time, on-site
DATE POSTED
March 22, 2025

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