Senior Revenue Manager

Senior Group Revenue Manager at VIRTUS Data Centres

London / Hybrid

Circa £85,000 base plus up to 10% bonus

About VIRTUS:
VIRTUS Data Centres is the UK’s fastest-growing data centre provider, renowned for owning, designing, building, and operating the country’s most efficient and flexible data centres. In a bid to expand our reach and impact, we announced our plans to venture into continental Europe in May 2023. Our first data centre in Berlin is set to open its doors in 2026, with further expansion into other countries already in the pipeline. At VIRTUS, we are committed to being active, positive participants in the 4th industrial revolution, ensuring seamless connectivity for our customers and their end-users, enabling them to carry out essential tasks from gaming to online banking.

Job Summary:
We are currently seeking a meticulous and analytical Senior Group Revenue Manager to spearhead our Billing and Accounts Receivable function. In this newly created role, you will be tasked with ensuring accurate and timely invoicing for our customers while maintaining a thorough understanding of the terms outlined in our service contracts, in line with IFRS15 Revenue from Contracts with Customers. Reporting directly to the Group Finance Manager, you will oversee a team of two accountants responsible for billing and credit control within VIRTUS Group’s UK business. This pivotal role is integral to enhancing and upholding the integrity of revenue recognition within our financial operations.

Duties and Responsibilities:

• Collaborate closely with the billing and credit control team to facilitate accurate and timely invoicing for customers.
• Conduct thorough reviews of invoices to ensure completeness and accuracy, resolving any discrepancies efficiently.
• Develop and maintain a robust process for reviewing customer contracts to document key terms impacting revenue recognition.
• Analyze customer contracts to determine appropriate approaches for recognizing contract revenue and lease income in compliance with IFRS15 and IFRS16, respectively.
• Prepare journal entries related to revenue recognition and ensure accuracy through collaboration with the Group Finance Manager and Group Reporting team.
• Prepare monthly, quarterly, and annual financial statements related to revenue, including necessary schedules and reconciliations.
• Stay abreast of changes in revenue recognition standards and contribute to periodic reviews of accounting policies and finance process documentation.
• Identify and implement best practices to enhance efficiency and accuracy in revenue recognition processes.

What Success Looks Like in 12 Months’ Time:

• Development of a comprehensive process for reviewing new customer contracts and linking them to sales orders within the SAP billing module.
• Full automation and documentation of SAP functionality relating to IFRS15 revenue adjustments.
• Establishment of strong working relationships with Sales, Design & Build, and Data Centre Operations teams.
• Implementation of well-controlled processes for credit control and cash receipt allocation, supporting effective short-term forecasting of cash inflows from customers.

Person Specification:

• Chartered accountant with ACA, ACCA, or CIMA qualification.
• Detailed knowledge of applying IFRS15 and practical experience with IFRS16.
• Proficiency in SAP, ideally with hands-on experience in S/4 HANA and the Revenue Accounting and Reporting (RAR) module.
• Excellent communication and interpersonal skills.
• Self-motivated with strong attention to detail and ownership of tasks.
• Proficient in MS Office suite, particularly Excel, PowerPoint, and Word.
• Previous experience in Finance within the data centre industry or related sectors.
• Awareness of SOX reporting implications on revenue accounting processes.
• Practical experience in effective credit control processes.

If you possess the above qualifications and are eager to contribute to the ongoing success of VIRTUS Data Centres, we invite you to apply for this exciting opportunity.

In line with VIRTUS’ Vetting Policy, the successful applicant must be willing to undergo a BS7858 screening process.

Remuneration package and benefits:

• circa £85,000 base plus up to 10% bonus
• Private healthcare
• Pension contribution scheme
• Eye and dental care benefit
• Discretionary bonus
• Income Protection
• Life Assurance
• Cycle to work scheme
• Annual travel card loan
• Tech Scheme
• Electric car scheme
• Workplace extras - Byond card and Extras discount

VIRTUS is an equal opportunity employer. As part of our commitment to fight for equality, we work to ensure a fair and consistent interview process. We celebrate diversity and we are committed to an inclusive work environment.

We reserve the right to close this post for applications should sufficient applications be received.

Job Type: Full-time

Salary: £75,000.00-£85,000.00 per year

Benefits:

• Company car
• Company events
• Company pension
• Cycle to work scheme
• Discounted or free food
• Employee discount
• Life insurance
• Private medical insurance
• Referral programme
• Sick pay
• Work from home

Schedule:

• Flexitime
• Holidays
• Monday to Friday

Supplemental pay types:

• Bonus scheme
• Performance bonus
• Yearly bonus

Application question(s):

• Will you now or in the future require sponsorship for employment visa status?
• Are you a qualified accountant with 5 years post qualified experience? (CIMA, ACCA, ACA or equivalent)
• Do you have experience with IFRS 15 & IFRS 16 relating to revenue?

Experience:

• work for a PLC or Big 4 audit: 2 years (required)
• SOX compliance: 3 years (required)

Work authorisation:

• United Kingdom (required)

Work Location: Hybrid remote in London

Reference ID: Senior Group Revenue Manager