Financial Contracting Analyst

<h1><b><b><b>Job Description Summary</b></b></b></h1>The Financial Contracting Analyst is responsible for driving technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to deliver accurate financial reporting and analysis. Specifically responsible for ensuring accurate, timely, and compliant conversion of customer billing activity into revenue recorded in the general ledger. This role serves as a key link between Contracts, Billing, Sales, Services, and other Finance functions, applying ASC 606 revenue recognition principles to translate invoices, usage, performance milestones, and contractual terms into proper revenue accounting.<br><br>The role combines hands on revenue accounting execution, billing to revenue reconciliation, and close ownership, while partnering cross functionally to resolve issues, improve processes, and support audit readiness in a software / SaaS environment. This role will report to the Director of Digital Commercial Operations in the Science and Technology Organization (STO), whose team supports the contract entry, billing and revenue recognition for Global GE Healthcare software and subscription transactions.<br><br>GE HealthCare is a leading global medical technology and digital solutions innovator. Our mission is to improve lives in the moments that matter. Unlock your ambition, turn ideas into world-changing realities, and join an organization where every voice makes a difference, and every difference builds a healthier world.<p style="text-align:inherit"></p><p style="text-align:inherit"></p><p style="text-align:inherit"></p><p style="text-align:inherit"></p><h1><b>Job Description</b></h1><h2>Responsibilities</h2><p></p><p>Revenue Recognition & General Ledger Accounting</p><ul><li><p>Apply ASC 606 and company accounting policies to ensure accurate revenue recognition across SaaS subscriptions, licenses, professional services, and usage‑based arrangements.</p></li><li><p>Convert billed invoices, usage data, and contractual milestones into appropriate revenue, deferred revenue, unbilled AR, and contract liability entries.</p></li><li><p>Prepare and post manual and system‑generated journal entries related to revenue accounting.</p></li><li><p>Maintain and review revenue schedules to ensure correct timing, classification, and attribution across products, regions, and legal entities.</p></li></ul><p></p><p>Billing‑to‑Revenue Reconciliation</p><ul><li><p>Perform monthly reconciliations between billing and revenue subledgers and the general ledger, identifying and resolving variances.</p></li><li><p>Validate alignment between contract terms, pricing, quantities, service periods, invoices and revenue schedules.</p></li><li><p>Investigate discrepancies between billing, deferred revenue and recognized revenue in partnership with Order Management, Sales, and Commercial teams.</p></li><li><p>Support accurate setup and maintenance of Controllership revenue recognition models and contract data within the financial systems (e.g., NetSuite ARM, Oracle, or similar).</p></li></ul><p></p><p>Month‑End Close & Reporting</p><ul><li><p>Support monthly, quarterly, and annual close activities related to revenue accounting.</p></li><li><p>Prepare revenue roll‑forward schedules, deferred revenue movement analyses, and unbilled receivable reconciliations.</p></li><li><p>Ensure timely completion of revenue recognition, deferred revenue and Unbilled AR deliverables in accordance with close calendars.</p></li><li><p>Maintain clear, well‑organized supporting documentation for journal entries, account reconciliations, and General Ledger balance explanations.</p></li></ul><p></p><p>Contract Review & Revenue Evaluation</p><ul><li><p>Review customer commercial arrangements, amendments, and pricing structures to assess appropriate revenue accounting treatment.</p></li><li><p>Assist in identifying performance obligations, revenue allocation methodologies, and recognition requirements under ASC 606.</p></li><li><p>Partner with Legal, Sales, and the Deal Desk teams to clarify contract terms and any revenue recognition implications or order value adjustments.</p></li></ul><p></p><p>Controls, Audit & Compliance</p><ul><li><p>Execute revenue accounting activities in compliance with SOX controls and internal Controllership policies.</p></li><li><p>Support internal and external audits by providing reconciliations, documentation, and explanations related to revenue balances and activity.</p></li><li><p>Identify issues, risks, or control gaps and escalate appropriately with proposed mitigation actions.</p></li></ul><p></p><p>Process Improvement & Cross‑Functional Support</p><ul><li><p>Identify opportunities to improve billing‑to‑revenue workflows, reduce manual effort, accelerate close activities and improve data quality.</p></li><li><p>Partner with Financial Systems IT teams on system requirements, enhancements, testing, reporting needs and process changes.</p></li><li><p>Develop and maintain standard work, reconciliation templates, and process documentation.</p></li></ul><p></p><h2>Qualifications</h2><ul><li><p>Bachelor’s degree in Accounting, Finance, or a related field.</p></li><li><p>4 years of experience in revenue accounting, order‑to‑cash, commercial operations management, or related accounting roles, preferably in a software / SaaS environment.</p></li><li><p>Strong working knowledge of ASC 606 revenue recognition principles, SOX and GAAP.</p></li><li><p>Experience with ERP and revenue systems (NetSuite ARM / Advanced Billing / Oracle or similar preferred).</p></li><li><p>Advanced Excel skills with the ability to work with large data sets and perform complex reconciliations.</p></li><li><p>Familiarity with CRM systems (e.g., Salesforce) a plus.</p></li><li><p>Strong attention to detail, analytical skills, and ability to manage multiple priorities in a close‑driven environment.</p></li><li><p>Effective communicator with the ability to collaborate cross‑functionally.</p></li></ul><p></p><p><span>We expect all employees to live and breathe our behaviors: to act with humility and build trust; lead with transparency; deliver with focus, and drive ownership –always with unyielding integrity.</span></p><p></p><p><span>Our <b>total rewards</b> are designed to unlock your ambition by giving you the boost and flexibility you need to turn your ideas into world-changing realities. Our salary and benefits are everything you’d expect from an organization with global strength and scale, and you’ll be surrounded by career opportunities in a culture that fosters care, collaboration, and support.</span></p><p></p><p><span>#LI-BR3</span></p><p><span>#LI-Remote</span></p><p></p><p></p><p style="text-align:inherit"></p><p style="text-align:inherit"></p><p style="text-align:inherit"></p>We will not sponsor individuals for employment visas, now or in the future, for this job <span style="overflow-wrap: break-word; display: inline; text-decoration: inherit; hyphens: auto;">opening. For</span> U.S. based positions only, the pay range for this position is <span style="overflow-wrap: break-word; display: inline; text-decoration: inherit; hyphens: auto;">$105,600.00-$158,400.00</span> Annual. It is not typical for an individual to be hired at or near the top of the pay range and compensation decisions are dependent on the facts and circumstances of each case. The specific compensation offered to a candidate may be influenced by a variety of factors including skills, qualifications, experience and location. In addition, this position may also be eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). GE HealthCare offers a competitive benefits package, including not but limited to medical, dental, vision, paid time off, a 401(k) plan with employee and company contribution opportunities, life, disability, and accident insurance, and tuition reimbursement.<p style="text-align:inherit"></p><p style="text-align:inherit"></p><h1><b><b><b>Additional Information</b></b></b></h1><div><div><div><div><div><div><div><p style="text-align:left"><span>GE HealthCare offers a great work environment, professional development, challenging careers, and competitive compensation. GE HealthCare is an </span><a href="https://www.eeoc.gov/sites/default/files/2022-10/22-088_EEOC_KnowYourRights_10_20.pdf" target="_blank" rel="noopener noreferrer">Equal Opportunity Employer</a><span><a href="http://www.ge.com/sites/default/files/15-000845%20EEO%20combined.pdf" target="_blank" rel="noopener noreferrer">.</a> Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.</span></p><p style="text-align:inherit"></p></div></div></div></div></div></div></div><p style="text-align:inherit"></p><p style="text-align:inherit"></p><div><div><div><div><div><div><div><p style="text-align:left"><span>GE HealthCare will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable). </span></p><p style="text-align:inherit"></p></div></div></div></div></div></div></div><p style="text-align:inherit"></p><p style="text-align:inherit"></p><p style="text-align:left">While GE HealthCare does not currently require U.S. employees to be vaccinated against COVID-19, some GE HealthCare customers have vaccination mandates that may apply to certain GE HealthCare employees.</p><p style="text-align:inherit"></p><p style="text-align:inherit"></p><div><div><div><div><div><div><div><p style="text-align:left"><b>Relocation Assistance Provided: </b><span>No</span></p></div></div></div></div></div></div></div><p style="text-align:inherit"></p><p style="text-align:inherit"></p>