Lead Revenue Analyst

Job Description

JOB DESCRIPTION

JOB TITLE: Lead Revenue Analyst JOB CODE: FIN609R

DEPARTMENT: Revenue Operations FLSA:

POSITION REPORTS TO: Sr. Manager, Revenue Recognition GRADE:

POSITION SUMMARY:

Omnicell is looking for an experienced, resourceful, and operationally/system-savvy Lead Revenue Analyst for process improvements and maintaining compliance with current and ever-changing accounting rules. This position will report directly to the Sr. Revenue Recognition Manager and plays an important role in overseeing the revenue accounting information for the Advanced Services Group of the Company. The Lead Revenue Analyst will ensure that revenue is recognized in accordance with US GAAP and complies with the Company’s revenue recognition policies and will take the lead on developing and implementing process changes due to new accounting literature. The role involves heavy interaction with cross-functional teams and will encompass maintaining relationships with IT, FP&A, Professional Services, Sales, Legal, Deal Desk, Booking Team, and other internal Revenue and Finance teams in managing day-to-day activities.

KEY RESPONSIBILTIES:

• Own the Advanced Services Group revenue cycle and ensure that appropriate revenue recognition treatment is applied in accordance with executed customer agreements, as well as current accounting literature.
• Review and approve the ASC 606 revenue allocation arrangements for all orders booked in NetSuite.
• Work with various teams to ensure that revenue is properly forecasted and reported.
• Coordinate and prepare/review monthly closing tasks and other key deliverables as assigned.
• Be the primary subject matter expert for NetSuite revenue and AR related processes, provide guidance, and develop technical skills & knowledge of Analysts and Sr. Analysts within the Advanced Services Group.
• Perform and/or review and approve journal entries, account reconciliations, financial statements, and quarterly SEC reporting requirements as assigned.
• Identify opportunities to improve processes, take the lead on projects, and execute independently.
• Ensure sales order and invoicing accuracy in accordance with contractual commitments, while researching and resolving customer disputes in a timely manner.
• Maintain and/or enhance reports for actuals and forecasts to support management in planning and executing on various targets, such as acceleration of cash inflows, decreased aged invoices, increased accuracy, and speed and automation of customer invoices.
• Perform and/or review systematic checks for processes and/or potential deficiencies, which present risk to revenue recognition, invoicing, and collection processes.
• Prepare and evaluate the quarterly Standalone Selling Price (SSP) analysis.
• Troubleshoot NetSuite issues and testing of IT enhancements/fixes.
• Responsible for maintaining the Revenue Recognition and Order to Cash SOX documents and ensuring compliance by monitoring Revenue and AR processes.
• Review signed installation letters and update revenue plans accordingly throughout the quarter.
• Develop a strong working relationship with and liaise with the Company’s internal and external auditors.
• Recommend new processes that utilize technology, build efficiencies, and streamline workflows.
• Establish and maintain a strong relationship with the Booking Team and liaise with Sales, Deal Desk and Legal to ensure contracts are booked in accordance with the Company’s Revenue Recognition Policy.
• Review Domestic pricing supplements for accuracy and revenue recognition implications prior to contract signature and booking.
  
  
  

Basic Qualifications:

• Bachelor’s degree in Accounting preferred
• 6+ years in an accounting role, revenue experience preferred
  
  
  

Preferred Qualifications:

• BA/BS degree in Finance or Accounting
• CPA or MBA in Accounting, Finance or Business
• 2+ years’ experience in public accounting
• 6+ years in an accounting with 4+ years in Revenue
• SAP and NetSuite experience
  
  
  

Specialized Knowledge/Skills:

• Knowledge and application of multiple element and software revenue recognition guidance, including ASC 606 and ASC 842
• Ability to work under pressure in a detail-oriented environment with the desire to learn new and challenging skills
• Organizational skills to prioritize multiple projects in a demanding environment
• Strong interpersonal, communication, and critical thinking skills
• Proficient in Microsoft Excel
  
  
  

Work Conditions:

• This position is 100% remote enabled from any US location
• Travel up to 15% may be required
• Occasional heavy workload during peak times
  
  
  

About Us

Since 1992, Omnicell has been committed to transforming pharmacy care through outcomes-centric innovation designed to optimize clinical and business outcomes across all settings of care. We strive to be the healthcare provider’s most trusted partner by our guiding promise of “Outcomes. Defined and Delivered.”  

Our comprehensive portfolio of robotics, smart devices, intelligent software, and expert services is helping healthcare facilities worldwide to improve business and clinical outcomes as they move closer to the industry vision of the Autonomous Pharmacy. 

Our guiding principles inform everything we do: 

• As Passionate Transformers, we find a better way to innovate relentlessly. 
• Being Mission Driven, we consistently deliver on our promises. 
• Our Entrepreneurial spirit makes the most of EVERY opportunity for innovation. 
• Understanding that Relationships Matter creates synergies that yield the greatest benefits for all.
• Intellectually Curious, eager to think deeper to learn and improve.
• In Doing the Right Thing, we lead by example in ALL we do. 
  
  
  

We are deeply committed to Environmental, Social, and Governance (ESG) initiatives. Our ESG efforts focus on creating an inclusive culture and a healthier world. This includes our Employee Impact Groups, which foster diversity and inclusion, as well as our learning and well-being programs that support personal and professional growth. We also prioritize sustainability in our operations, aiming to reduce our environmental footprint and promote responsible business practices. Join us in transforming the pharmacy care delivery model, making patient care safer and smarter for all.

About The Team

Omnicell is dedicated to fostering a diverse and inclusive workplace. We welcome applications from all individuals, valuing a wide range of perspectives and backgrounds. As an equal opportunity employer, we do not discriminate based on race, gender, religion, sexual orientation, gender identity, national origin, veteran status, or disability. We are committed to making our recruitment process accessible to everyone. We offer support and reasonable adjustments for individuals with disabilities during our hiring process. If you need assistance, please contact us at Recruiting@omnicell.com .

At Omnicell, respect for privacy and confidentiality is paramount. We adhere to strict policies to prevent discrimination or retaliation against those who engage in open conversations about compensation. However, employees privy to compensation information as part of their job role are expected to maintain confidentiality, except in specific circumstances outlined by law, such as during formal complaints, investigations, or as required by legal obligations.

Please note that Omnicell reserves the right to modify job roles and responsibilities as needed to meet our organization's evolving needs and drive our mission forward.