The IFRS 15 Revenue Recognition Specialist is responsible for ensuring the organisation’s revenue recognition policies comply with IFRS 15 – Revenue from Contracts with Customers. The role will oversee complex contract assessments, ensure appropriate treatment of liquidated damages / performance guarantees / variable considerations, and manage compliance across a portfolio of 20+ commercial contracts.
The position will act as a technical advisor to finance, commercial, and legal teams on revenue recognition matters and ensure contracts are structured and accounted for in accordance with IFRS standards.
Key Responsibilities
Revenue Recognition Compliance
- Ensure all revenue is recognised in accordance with IFRS 15 requirements.
- Review and assess customer contracts (20+ active contracts) to determine appropriate revenue recognition treatment.
- Identify performance obligations, transaction prices, and allocation methodologies.
- Assess contract modifications, amendments, and renewals.
Contract Accounting
- Perform technical accounting analysis for complex commercial contracts.
- Review contract terms for:
- Performance guarantees
- Variable consideration
- Milestone-based payments
- Ensure appropriate revenue deferrals, provisions, or constraints are applied.
- Evaluate the impact of:
- Service-level agreements (SLAs)
- Guarantee clauses
- Penalty mechanisms
- Apply IFRS 15 constraint rules to ensure revenue is not overstated.
- Support monthly and quarterly revenue recognition calculations.
- Prepare technical accounting papers and documentation supporting revenue recognition decisions.
- Ensure audit-ready documentation for external auditors.
Stakeholder Collaboration
- Work with commercial, legal, and finance teams to review new contracts before execution.
- Provide guidance on contract structuring to ensure IFRS compliance.
- Support internal stakeholders on IFRS 15 interpretation and best practice.
Process & Controls
- Develop and maintain revenue recognition controls and documentation.
- Improve processes for contract tracking and revenue allocation.
- Assist with system configuration relating to revenue recognition (ERP / revenue modules where applicable).
Audit & Compliance
- Act as the primary contact for external auditors on IFRS 15 related matters.
- Ensure revenue policies align with company accounting policies and IFRS standards.
Required Experience
- 5+ years experience in technical accounting or revenue recognition.
- Strong practical knowledge of IFRS 15 – Revenue from Contracts with Customers.
- Experience reviewing and managing 20+ customer contracts simultaneously.
- Demonstrated experience assessing:
- Liquidated damages / LV clauses
- Performance guarantees
- Variable consideration constraints
- Experience working with complex or long-term commercial contracts.
- Experience supporting financial audits.
Technical Skills
- Advanced knowledge of IFRS 15 technical guidance
- Revenue modelling and forecasting
- Experience with ERP systems (e.g., SAP, Oracle, NetSuite, Dynamics)
- Strong Excel and financial analysis skill
Qualifications
- Degree in Accounting, Finance, or related discipline
- IFRS technical accounting experience required
- Strong analytical and technical accounting skills
- Ability to interpret complex contractual language
- Excellent communication with finance, legal, and commercial teams
- Strong attention to detail
- Ability to manage multiple contracts and deadlines
Preferred Experience (Desirable)
- Experience in industries with complex contracts such as:
- Infrastructure
- Energy
- Defence
- Experience implementing IFRS 15 frameworks or controls
- Experience working with contract lifecycle management systems
This role is paying £4-500 per day (IR35 tbc) or 80-85k on FTC and is 2 days in the office per week.
Candidates that are immediately available will be considered first.
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