Trainee – Revenue Recognition

Trainee – Revenue Recognition

JLL is seeking a highly motivated and detail-oriented individual to join our team as a Trainee – Revenue Recognition. This is an excellent opportunity to gain valuable experience in revenue accounting within a dynamic and growing organization.

Key Responsibilities:

• Support the monthly revenue close process, including preparing journal entries, conducting reconciliations, and generating related reports.
• Analyze contracts and perform preliminary revenue recognition assessments, preparing supporting schedules and documentation.
• Ensure compliance with revenue recognition standards (ASC 606) and other applicable guidelines.
• Collaborate with the Revenue Manager on complex contracts and cases requiring further analysis.
• Maintain accurate records for audits and compliance purposes, drafting memos and contract summaries as needed.

Required Skills & Knowledge:

• Solid understanding of revenue recognition principles (ASC 606 / IFRS 15 / Ind AS 115).
• Proficiency in Microsoft Excel and PowerPoint.
• Excellent written and verbal communication skills.

Job Details:

• Location: On-site, Gurugram, Haryana
• Schedule: 40 hours per week

Qualifications

Education:

• Bachelor's degree in Accounting, Finance, or a related field.

Experience:

• 0-2 years of experience in revenue accounting or a related field.

Technical Skills:

• Strong understanding of revenue recognition principles (ASC 606 / IFRS 15 / Ind AS 115).
• Proficiency in Microsoft Excel and PowerPoint.

Other Requirements:

• Excellent written and verbal communication skills.
• Strong analytical and problem-solving abilities.
• Ability to work independently and as part of a team.
• Detail-oriented with a commitment to accuracy.

Trainee – Revenue Recognition - Key Responsibilities

• Support the monthly revenue close process by preparing journal entries, conducting reconciliations, and generating related reports.
• Assist in the review of contracts, performing preliminary analysis, and preparing supporting revenue schedules.
• Ensure compliance with revenue recognition standards (ASC 606) and other relevant guidelines.
• Maintain accurate and organized records for audits and compliance purposes.
• Draft memos and contract summaries to document accounting treatments.
• Collaborate with the Revenue Manager on complex contracts and cases requiring further information.

JLL is seeking a highly motivated individual for the Trainee – Revenue Recognition position in Gurugram.

The selection process begins with a review of applications to identify candidates who meet the required skills and knowledge outlined in the job description. Shortlisted candidates will be invited for an initial screening interview to assess their understanding of revenue recognition principles and their suitability for the role.

Successful candidates from the screening interview will then participate in a technical assessment to evaluate their practical skills in areas such as journal entries, reconciliations, and contract analysis.

Finally, top performers will be invited for a final interview with the hiring manager to discuss their experience, career aspirations, and fit within the JLL team.

JLL is a leading global real estate services firm, shaping the future of real estate for a better world. With a diverse portfolio of services spanning property and asset management, brokerage, consulting, and technology solutions, JLL empowers clients to make informed decisions and achieve their real estate goals. Driven by innovation and a commitment to sustainability, JLL fosters a collaborative and inclusive environment where talented individuals can thrive and make a meaningful impact.