Job Title: Senior SAP S/4HANA FICO – Revenue Accounting and Reporting (RAR) SME
Work Arrangement: Hybrid – 4 Days Onsite per Week
Location: TBD
Position Type: Contract/Fulltime (TBD)
Experience: 10+ Years SAP FICO; 5+ Years SAP RAR Preferred
Position Overview:
We are seeking a highly experienced Senior SAP S/4HANA FICO Functional Consultant with deep expertise in SAP Revenue Accounting and Reporting (RAR) to support complex financial transformation initiatives.
The ideal candidate will serve as a Subject Matter Expert (SME) in SAP RAR, responsible for designing, configuring, implementing, and optimizing revenue recognition processes within SAP S/4HANA.
This position requires extensive hands-on experience with SAP FICO, SAP RAR, revenue recognition under ASC 606 and IFRS 15, and integration across SAP SD, FI, CO, and other upstream systems.
The consultant must be capable of independently leading functional design discussions, translating business requirements into SAP solutions, and resolving complex revenue accounting challenges.
Key Responsibilities
1. SAP Revenue Accounting and Reporting (RAR)
Serve as the functional SME for SAP S/4HANA Revenue Accounting and Reporting (RAR).
Lead end-to-end SAP RAR implementations, enhancements, and production support.
Configure and maintain SAP RAR functionality, including:
Revenue Accounting Contracts (RAC).
Revenue Accounting Items (RAI).
Performance Obligations (POB).
Revenue recognition methods and rules.
Standalone Selling Price (SSP) determination.
Transaction price allocation.
Contract modifications and reassessments.
Revenue posting and reconciliation.
Design and configure revenue recognition solutions compliant with ASC 606 and IFRS 15.
Support complex revenue scenarios involving subscriptions, services, products, bundled offerings, and multi-element contracts.
Troubleshoot revenue accounting issues involving contract creation, revenue allocation, posting, and period-end processing.
2. SAP S/4HANA FICO Functional Expertise
Provide functional expertise across SAP Financial Accounting (FI) and Controlling (CO).
Configure and support:
General Ledger (GL).
Accounts Receivable (AR).
Accounts Payable (AP).
Asset Accounting (AA).
Cost Center Accounting.
Profit Center Accounting.
Financial closing and reconciliation.
Support integration between SAP RAR and the S/4HANA Universal Journal (ACDOCA).
Ensure accurate revenue postings, financial reporting, and reconciliation between RAR and FI.
3. Integration and Solution Design
Design and support SAP RAR integration with:
SAP Sales and Distribution (SD).
SAP Financial Accounting (FI).
SAP Controlling (CO).
SAP BRIM, where applicable.
External billing and revenue source systems.
Understand and configure the flow of Revenue Accounting Items from source systems into SAP RAR.
Work closely with SAP SD, ABAP, integration, and technical teams to resolve complex integration issues.
Develop functional specifications for enhancements, interfaces, reports, and custom developments.
Support data migration, mapping, validation, and reconciliation activities.
4. Implementation and Production Support
Participate in SAP S/4HANA implementation, migration, and transformation projects.
Lead functional workshops and requirements-gathering sessions.
Prepare business process documentation, functional design specifications, and configuration documents.
Develop test scenarios and execute unit testing, system integration testing (SIT), and user acceptance testing (UAT).
Support cutover planning, go-live activities, and post-production stabilization.
Identify and resolve revenue recognition discrepancies and integration defects.
Support month-end, quarter-end, and year-end financial closing activities.
5. Business Collaboration and Leadership
Collaborate with Finance, Accounting, Revenue Operations, IT, and business stakeholders.
Translate complex accounting requirements into scalable SAP solutions.
Provide recommendations on SAP RAR best practices and process improvements.
Lead functional discussions with business users, technical teams, and project leadership.
Mentor junior SAP consultants and provide functional guidance.
Required Qualifications
10+ years of SAP FICO functional consulting experience.
5+ years of hands-on SAP Revenue Accounting and Reporting (RAR) experience preferred.
Strong experience implementing and configuring SAP RAR in SAP S/4HANA environments.
At least 2 full lifecycle SAP implementations, including significant RAR involvement.
Strong functional knowledge of ASC 606 and IFRS 15 revenue recognition requirements.
Extensive experience with:
Revenue Accounting Contracts (RAC).
Revenue Accounting Items (RAI).
Performance Obligations (POB).
Standalone Selling Price (SSP).
Revenue allocation and recognition.
Contract modifications and reassessments.
Revenue posting and reconciliation.
Strong SAP FI/CO configuration and integration expertise.
Experience integrating SAP RAR with SAP SD and other revenue-generating systems.
Ability to troubleshoot complex RAR configuration, processing, and financial posting issues.
Strong functional specification writing and testing experience.
Excellent analytical, problem-solving, and stakeholder communication skills.
Ability to work independently as a senior functional SME.
Preferred Qualifications
Experience with SAP S/4HANA Finance transformation projects.
Experience migrating from legacy revenue recognition solutions to SAP RAR.
Knowledge of SAP BRIM (Billing and Revenue Innovation Management).
Experience with subscription billing, recurring revenue, and complex contract structures.
Familiarity with SAP Fiori applications and S/4HANA financial reporting.
Experience with RAR data migration and historical revenue reconciliation.
Knowledge of SAP Central Finance and financial integration architecture.
Experience supporting global SAP implementations involving multiple legal entities and currencies.
SAP S/4HANA Finance certification is a plus.
Critical Technical and Functional Skills
| Skill | Priority |
|---|
| SAP S/4HANA FICO | Mandatory |
| SAP Revenue Accounting and Reporting (RAR) | Mandatory |
| Hands-on SAP RAR Configuration | Mandatory |
| ASC 606 / IFRS 15 | Mandatory |
| Revenue Accounting Contracts (RAC) | Mandatory |
| Revenue Accounting Items (RAI) | Mandatory |
| Performance Obligations (POB) | Mandatory |
| Standalone Selling Price (SSP) | Mandatory |
| SAP RAR–FI Integration | Mandatory |
| SAP SD–RAR Integration | Mandatory |
| Revenue Recognition and Allocation | Mandatory |
| SAP S/4HANA Implementation | Mandatory |
| SAP BRIM | Preferred |
| SAP Fiori | Preferred |
| Revenue Data Migration | Preferred |
Ideal Candidate Profile
The successful candidate will be a senior-level SAP FICO functional consultant with specialized, hands-on SAP RAR expertise.
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