About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, visit www. FiskerInc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.
Role Overview
Are you a financial wizard ready for an electrifying opportunity? Join Fisker as the "Manager, Revenue Accounting" and drive our financial success! Collect and analyze data, implement strategies, adjust pricing, and forecast market trends. Unleash your analytical superpowers, collaborate with teams, and revolutionize revenue generation. Buckle up and apply now to be part of our innovative team at Fisker!
As the responsible individual, your role encompasses a range of responsibilities related to revenue transactions and contract evaluation. Here's a summary of your key tasks:
Obtain and evaluate contract: Acquire and review the contract to understand the terms and obligations involved.
Identify performance obligations: Identify the specific performance obligations outlined in the contract, such as the delivery of vehicles, accessories, technology features (e.g., ADAS), software maintenance (stand-ready), OTA subscriptions, and delivery services.
Determine the transaction price: Evaluate and determine the transaction price, considering factors such as the Manufacturer's Suggested Retail Price (MSRP), add-ons, services, technology, tax incentives (reductions), dealer and handling fees (D&H), and discounts/incentives (reductions). Estimate potential returns as well.
Allocate transaction price to performance obligations: Allocate the transaction price to each performance obligation by determining the stand- alone selling price or relative values of the obligations. This step helps distribute the revenue appropriately across different obligations.
Estimates: Make estimates related to sales returns, stand-alone selling prices (SSP), and the overall transaction price to ensure accurate revenue recognition.
Recognition, processing, reconciling: Establish procedures for recognizing revenue, processing transactions, and reconciling accounts receivable (AR), deposits, reservations, and sales returns. Ensure compliance with cutoff procedures for in-transit vehicles and technology products/services recognized over time.
Maintenance services: Apply the 5-step revenue recognition model to maintenance services, taking into account performance obligations, transaction price, allocation, and estimates.
Wallbox and merchandise sales: Similarly, apply the 5-step revenue recognition model to Wallbox and merchandise sales, considering performance obligations, transaction price, allocation, and estimates.
Customer loyalty points: Assess how customer loyalty points contribute to customer consideration and factor them into the transaction price and revenue recognition process.
Development of processes and internal controls: Develop robust processes and internal controls over revenue transactions to ensure accuracy, compliance, and effective management. This includes documenting and maintaining evidence of the operation of internal control.
To be considered for the role of Manager, Revenue Accounting with the qualifications required, you should possess the following:
A Bachelor's Degree in an appropriate field of study, such as accounting, finance, or economics, or equivalent work experience.
Preferred experience working in a public company.
Experience in revenue accounting within the automotive Original Equipment Manufacturer (OEM) or Tier One sector.
Strong analytical and problem-solving skills to effectively collect, analyze, and interpret financial data.
Highly skilled in math, accounting, and financial processes to accurately assess revenue-related information.
Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams and stakeholders.
The ability to convey complex financial concepts clearly and concisely.
Detail-oriented and highly organized mindset to ensure accuracy in revenue accounting processes and documentation.
Skilled in time management and the ability to prioritize tasks effectively to meet deadlines.
Exquisite critical thinking skills to evaluate revenue-related issues, identify potential improvements, and make informed decisions.
Proficiency in Microsoft Excel and other data-related software tools to analyze and manipulate large datasets.
A strong understanding of financial principles and models relevant to revenue management.
These qualifications will equip you with the necessary expertise to fulfill the responsibilities of the Manager, Revenue Accounting role effectively.
Expected Salary Range: $67,340.00- $187,590.00
Additional compensation: Salary is one part of total compensation which includes bonuses, equity awards as applicable, and benefits. An employee is eligible to participate in Fisker's equity program, subject to the rules governing such programs.
Benefits: Fisker provides comprehensive medical, prescription, dental, vision, and disability insurance packages for full-time employees, their spouse or domestic partner, and children up to age 26. Coverage is effective on the first day of employment, and Fisker covers most of the premiums for employees.
The salary offered may vary depending on multiple individualized factors including market location, job-related knowledge, education/training, certifications, key skills, experience, internal peer equity as well as business considerations. Fisker reasonably and in good faith expects to pay for the position within the salary range listed, taking into account the wide variety of factors listed above.
Fisker Inc. is an Equal Opportunity Employer; employment at Fisker Inc. is governed based on merit, competence, and qualifications and will not be influenced in any manner by race, color, religion, gender, national origin / ethnicity, veteran status, disability status, age, sexual orientation, gender identity, marital status, mental or physical disability or any other legally protected status.
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Job details
Title
Manager, Revenue Accounting
Employer
Fisker
Location
United States
Published
July 08, 2024
Application deadline
July 17, 2023
Job type
Senior
Field
HR
About the employer
Fisker Inc. is an American automotive company founded by Henrik Fisker and his wife Geeta Gupta-Fisker. Launched in 2016 and based in Southern California, Fisker Inc. is the successor to Fisker Automotive, which produced the Fisker Karma. Fisker Inc. is developing the Fisker Ocean, an electric sport utility vehicle (SUV) with an estimated range of 300–350 miles (480–560 km), with production expected to begin in late 2022. Until 2021, Fisker was working on the development of solid-state battery technologies that could enable as much as 500 mi (800 km) of range with a 1 minute charge.