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Financial Analyst/Business Partner - Revenue Recognition

Company Description

IFS is a billion-dollar revenue company with 6000+ employees on all continents. Our leading AI technology is the backbone of our award-winning enterprise software solutions, enabling our customers to be their best when it really matters–at the Moment of Service™. Our commitment to internal AI adoption has allowed us to stay at the forefront of technological advancements, ensuring our colleagues can unlock their creativity and productivity, and our solutions are always cutting-edge.

At IFS, we’re flexible, we’re innovative, and we’re focused not only on how we can engage with our customers but on how we can make a real change and have a worldwide impact. We help solve some of society’s greatest challenges, fostering a better future through our agility, collaboration, and trust.

We celebrate diversity and understand our responsibility to reflect the diverse world we work in. We are committed to promoting an inclusive workforce that fully represents the many different cultures, backgrounds, and viewpoints of our customers, our partners, and our communities. As a truly international company serving people from around the globe, we realize that our success is tantamount to the respect we have for those different points of view.

By joining our team, you will have the opportunity to be part of a global, diverse environment; you will be joining a winning team with a commitment to sustainability; and a company where we get things done so that you can make a positive impact on the world.

We’re looking for innovative and original thinkers to work in an environment where you can #MakeYourMoment so that we can help others make theirs. With the power of our AI-driven solutions, we empower our team to change the status quo and make a real difference.

If you want to change the status quo, we’ll help you make your moment. Join Team Purple. Join IFS.

 

Job Description

Job Overview

The Business Financial Analyst will serve as the Finance Business Partner for our Regional Sales team. In a dynamic and rapidly expanding company, the role involves supporting Sales to optimize Booking value and Revenue Recognition, thereby contributing to ambitious targets. With strong communication skills, the position collaborates with Regional management to provide business insights and advice and works closely with Sales executives in structuring and negotiating sales transactions.

Reporting to the Chief Financial Officer for North America, this role plays a key part in achieving financial goals.

Key Responsibilities:

  • Providing finance and commercial input and support to the Regional Leadership Team
  • Support Sales team in Deal structuring ensuring to maximize and optimize Revenue Recognition, Bookings, Total Contract Value (TCV), and Annual Contract Value (ACV)
  • Advise on financial implications of management and commercial decisions
  • Support the Sales team in closing deals
  • Collaborate with Business Operations and FP&A teams forecasting Bookings
  • Ensure commercial and financial compliance in line with policies
  • Build and maintain strong relationships with key stakeholders including, the finance team, auditors, budget holders, and customers.
  • Support  Ad hoc financial projects as and when required
  • Must be able to work with all areas of the business and comfortable interacting with stakeholders at all levels within the organization

Qualifications

  • 5+ years  working in Finance preferably in the software industry
  • BA/BS in finance, accounting, or related field – MBA a plus
  • Strong Revenue Recognition knowledge (IFRS 15)
  • Ability to work under pressure and in a dynamic environment
  • Excellent analytical skills
  • Proficient in spoken and written English
  • Experience working with sales and consulting organizations
  • Excellent communication and presentation skills
  • Highly proficient in Excel and financial modeling

Additional Information

At IFS you will work in a growing, global enterprise software company where informal hierarchies promote simplicity and trust with responsibility. We strive to deepen our expertise by taking on challenging and varying work assignments in a collaborative environment together with committed colleagues.

With professionalism and a strong customer focus in everything we do, from R&D to Sales and Consultancy, we are proud to serve world-class customers all over the globe with our leading products.

If you want to change the status quo, we'll help you make your moment. Join Team Purple. Join IFS.

What We’re Offering

  • Salary Range:  $92,000 to $105,000 plus 10% annual bonus
  • Flexible paid time off, including sick and holiday
  •  Medical, dental, & vision insurance
  •  401K with Company contribution
  •  Flexible spending accounts
  •  Life insurance and disability benefits
  •  Tuition assistance
  •  Community involvement and volunteering events

M/F/Disabled/Vet VEVRAA Federal Contractor.  We are a Drug-Free Workplace. Interested candidates should apply at: www.ifs.com/about/careers-at-ifs

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. VEVRAA Federal Contractor, Equal Opportunity Employer

 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. VEVRAA Federal Contractor, Equal Opportunity Employer

Average salary estimate

$98500 / YEARLY (est.)
min
max
$92000K
$105000K

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 Financial Analyst/Business Partner - Revenue Recognition, IFS

Are you an innovative thinker ready to make a difference? Join IFS as a Financial Analyst/Business Partner focusing on Revenue Recognition! Based in the dynamic environment of Itasca, IL, you'll play a crucial role as the Finance Business Partner for our Regional Sales team. At IFS, we pride ourselves on our cutting-edge AI technology and our commitment to achieving ambitious targets through agility and collaboration. Your responsibility will include providing financial input to the Regional Leadership Team, optimizing revenue from bookings, and aiding in financial decision-making. You'll work closely with Sales executives, ensuring you maximize revenue recognition for bookings and contract values. With over five years of finance experience, preferably in the software space, you’ll be well-equipped to navigate this role. Your analytical mindset, proficiency in revenue recognition standards like IFRS 15, and ability to build strong relationships at all organizational levels will be fundamental to your success. Plus, if you thrive in a challenging but supportive environment, you’ll find IFS to be the perfect place to grow and make your moment. We offer a competitive salary between $92,000 and $105,000, plus benefits that include flexible paid time off and tuition assistance. At IFS, we celebrate diversity and are committed to creating an inclusive workplace. Join us in changing the status quo together!

Frequently Asked Questions (FAQs) for Financial Analyst/Business Partner - Revenue Recognition Role at IFS
What are the main responsibilities of a Financial Analyst/Business Partner at IFS?

As a Financial Analyst/Business Partner at IFS, you will focus on providing finance and commercial input to the Regional Leadership Team, supporting the Sales team in structuring deals to optimize revenue recognition, and advising on the financial implications of management decisions. You'll collaborate closely with various teams to ensure alignment on financial goals and commercial compliance.

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What qualifications are required for a Financial Analyst/Business Partner role at IFS?

To qualify for the Financial Analyst/Business Partner position at IFS, candidates should have over five years of finance experience, particularly in the software industry, along with a Bachelor’s degree in finance, accounting, or a related field. Familiarity with IFRS 15, excellent analytical skills, and proficiency in Excel and financial modeling are also essential.

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How does IFS support the Sales team in maximizing revenue recognition?

IFS supports its Sales team by having the Financial Analyst/Business Partner work closely with Sales executives to structure and negotiate deals effectively. This includes advising on revenue recognition strategies and ensuring commercial compliance, which in turn helps in maximizing total contract value and annual contract value.

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What is the work environment like for a Financial Analyst at IFS?

The work environment for a Financial Analyst at IFS is dynamic, innovative, and collaborative. You will be part of a global team that values diverse perspectives and fosters creativity. The informal hierarchy within the company promotes trust and responsibility, allowing you to contribute meaningfully while growing your expertise.

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What opportunities for career growth does IFS offer to Financial Analysts?

IFS provides numerous opportunities for career growth for Financial Analysts. Through challenging assignments and collaborative projects, you'll deepen your expertise, refine your skills, and expand your professional network. The company's commitment to inclusion and innovation positions you to make significant contributions to its success and your career development.

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Common Interview Questions for Financial Analyst/Business Partner - Revenue Recognition
What experience do you have with revenue recognition standards?

When answering this question, elaborate on your familiarity with revenue recognition standards such as IFRS 15. Share specific examples of how you've applied these standards in previous roles, any challenges you faced, and how you overcame them. Emphasize your analytical skills and ability to navigate regulatory requirements.

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Can you provide an example of how you've contributed to optimizing revenue in a previous role?

To answer this question effectively, think of a specific situation where you identified opportunities for revenue optimization. Discuss the strategies you implemented, the data analysis you conducted, and the results you achieved. Highlight your role in collaborating with other teams, like Sales, in the process.

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How do you handle tight deadlines in a dynamic environment?

When responding, illustrate your time management skills and ability to prioritize tasks effectively under pressure. Mention specific strategies or tools you use, and don’t forget to give an example of a time when you successfully met a challenging deadline while maintaining quality work.

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What strategies do you use for building strong relationships with stakeholders?

In your answer, emphasize your communication and interpersonal skills. Share specific strategies you've employed in the past to engage with stakeholders, such as regular updates, active listening, and being responsive to their needs. A relevant example showing a successful relationship can enhance your response.

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Describe a challenging financial analysis project you've worked on.

For this question, describe the project in detail, including objectives, the data analyzed, and tools used. Discuss any obstacles you faced and how you navigated them. Highlight your role in deriving insights and how the analysis impacted the organization’s financial decisions.

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How do you stay updated with financial regulations and industry trends?

Discuss your proactive approach to learning, such as subscribing to relevant financial newsletters, attending workshops, webinars, or taking courses. Mention specific resources, professional organizations, or networking groups that you engage with to keep your knowledge fresh.

Join Rise to see the full answer
What role does data analysis play in your decision-making process?

When answering, stress the importance of data analysis in driving informed decisions. Provide an example of a situation where data analysis influenced your recommendations and actions. Emphasize your ability to turn complex data into actionable insights.

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How do you ensure compliance with financial policies?

For this question, explain your thorough understanding of relevant financial policies and frameworks. Discuss the importance of regular audits, implementation of checks and balances, and collaboration with compliance teams as part of your strategy for maintaining compliance.

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Can you discuss any experience you have with financial modeling?

Outline your experience with financial modeling, including the types you’ve built (e.g., revenue forecasts, cost analysis). Provide a specific example where your model provided valuable insights for decision-making, and mention tools you are familiar with in the process.

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Why do you want to work as a Financial Analyst at IFS?

When answering, relate your skills and experience to IFS's mission and values. Share your enthusiasm for joining a company that values innovation and diversity and discuss how you can contribute positively to IFS’s goals while growing your career.

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At IFS we develop cloud enterprise software for companies who want to be at their best when it matters most to their customers - at the #MomentOfService. This idea resonates with customers, partners and analysts, and has helped fuel growth. But wh...

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February 5, 2025

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