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Revenue Accounting Manager

Masimo Corporation

This is a Full-time position in Anaheim, CA posted January 3, 2022.

For over thirty years, Masimo has been expanding the boundaries of noninvasive monitoring to improve patient outcomes and reduce the cost of care. Today, Masimo delivers a portfolio of hospital-trusted monitoring solutions to help increase patient safety, health, and wellness in the hospital and at home. When you join our team, you’ll be part of a culture that’s driven by passion, challenging the status quo, and making an impact in the lives of others.Masimo is a federal contractor and therefore subject to the requirements outlined in Executive Order 14042. Consistent with the Executive Order, employees will be required to submit proof of vaccination prior to their start date as a condition of employment. Masimo is an equal opportunity employer and reasonable accommodation requests will be considered.Masimo is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state or local law.* NO AGENCIES PLEASE* Thank you!Job Summary:The Revenue and Royalty Accounting Manager is primarily responsible for calculating worldwide royalty that is owed to Cercacor on a quarterly basis. This position also works with IT in order to streamline reporting and data capture, per the contract terms.Duties & Responsibilities:* Formally documents the assumptions of Masimo Finance regarding what is included in the royalty calculation;* Document the method and detailed sources of data for the royalty calculation;* Work with Marketing and/or Engineering and document the list of applicable part numbers of products that can measure more than vital sign parameters for devices, sensors, and accessories;* Periodically analyze ASPs by region to establish the difference between standard prices, Vital Signs Parameters and the price charged for a similar type of product that can also measure Non-Vital Signs Parameters (US, Canada/Latin America, EMEA, Japan, Rest of Asia);* Pull the information to establish the percentage of Rainbow enabled devices on each contract (both US and OUS) and amendment; periodically validate to ensure that percentages have not changed on individual contracts;* Collect sales information for all Rainbow related contracts and non-contract related Rainbow Royalty products; calculate royalty according to the class of royalty each falls into;* Process royalty payments and reporting on a timely manner in accordance with the contract requirements;* Work with IT to streamline data capture, royalty calculation and reporting per the contract terms, in order to leverage Royalty as the Company continues to grow;* Perform special projects as requested;* Interaction with Sales to provide contract analysis support* Perform quarterly lease revenue analysis* Calculate quarterly reprocessed accrual* Assist in various quarter end duties as required (FOB destination analysis)Minimum & Preferred Qualifications and Experience:Minimum Qualifications:* Seven or more years of related experience;* GAAP Experience in Revenue Recognition* Must be proficient with MS Office Suite (e.g. Outlook, Excel and Word);* Strong analytical skills;* Must be detail oriented, able to multi-task;* Must be pro-active and able to work independently;* Effective communication skills, both written and verbal;Education:Bachelor’s degree in Accounting, Finance or related field is required.Physical requirements/Work EnvironmentThis position primarily works in an office environment. It requires frequent sitting, standing and walking. Daily use of a computer and other computing and digital devices is required. May stand for extended periods when facilitating meetings or walking in the facilities. Some local travel is necessary, so the ability to operate a motor vehicle and maintain a valid Driver’s license is required.The physical demands of the position described herein are essential functions of the job and employees must be able to successfully perform these tasks for extended periods. Reasonable accommodations may be made for those individuals with real or perceived disabilities to perform the essential functions of the job described.