General Information

City
Budapest
State/Province
Budapest
Country
Hungary
Date
Monday, May 4, 2026
Working time
Full-time
Ref#
20039281
Job Level
Individual Contributor
Job Type
Experienced
Seniority Level
Associate

Description & Requirements

About Xerox Holdings Corporation
For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we’ve expanded into software and services to sustainably power the hybrid workplace of today and tomorrow. Today, Xerox is continuing its legacy of innovation to deliver client-centric and digitally-driven technology solutions and meet the needs of today’s global, distributed workforce. From the office to industrial environments, our differentiated business and technology offerings and financial services are essential workplace technology solutions that drive success for our clients. At Xerox, we make work, work. Learn more about us at www.xerox.com.
JOB BACKGROUND


Lexmark (subsidiary of Xerox) enters contracts with customers to sell various products (i.e. printers, printer cartridges, spare parts, software, etc.) and render connecting services (i.e. extended warranty, installation, maintenance and professional services, etc.). These are often offered as bundle package and result in complex arrangements with customers (called “Managed Print Services or MPS”) requiring high attention from accounting perspective to ensure that these are accounted for in line with the revenue standard ASC 606 (being convergent with IFRS 15) and the recently implemented lease accounting standard ASC 842 (being convergent with IFRS 16). These complex arrangements can also involve combination of the above-mentioned accounting standards to further add to the complexity.
Revenue recognition team as part of Budapest Finance team (Corporate Accounting) and is responsible for contract analysis, revenue allocation between the above-mentioned hardware and service elements and the revenue recognition process itself. The team is very dynamic and supportive, successful applicant would have the opportunity to learn and apply the ins and outs of the relevant US GAAP/IFRS standards.


ROLES, RESPONSIBILITIES AND AUTHORITY

  • Perform contract analysis for complex arrangements, as part of the Customer Setup Process as a basis for appropriate revenue allocation, recognition process and lease identification, lease classification processes in line with ASC 606 (being convergent with IFRS 15) and ASC 842 (being convergent with IFRS 16) US GAAP standards respectively.
  • Support revenue allocation process by calculating standalone selling prices (SSPs) which are serving as a basis for revenue allocation.
  • Perform SAP downloads required for revenue allocation and do SAP uploads regarding standalone selling prices (SSPs) to support revenue recognition/allocation process.
  • At deal level, reviewing lease identification and classification criteria to determine lease type (including sale-type, direct financing or operating leases) including the analysis of termination terms.
  • Review the work performed by more junior team members and take part in training delivery.
  • Support revenue SME with regard to basic subprocesses of series reasonableness test and other more complex revenue allocation/recognition related tasks.
  • Support the team leader / manager regarding the SOX compliance requirements related MPS deals in line with internal/external audit and other routine tasks
  • Active participation in accounting related projects and training series
  • Continuous communication towards the team leader/manager and developing appropriate project/time management skills are expected
  • Participation in soft-skill training series recommended by team lead/manager
  • Work in close coordination with and support the EMEA MPS Business Operations and Contract Setup teams to ensure a quick and effective Customer Setup process
  • Highly proactive attitude is expected with independent follow-up
  • Support the improvement of current and coming processes


EDUCATION & EXPERIENCE
  • Level of Education: Bachelor's Degree
  • Degree in Accounting, Finance or related subject is needed.
  • Min. 2 years of experience in the field of accounting
  • Work experience in international environment is a plus.
SKILLS:
Hard skills:
  • SAP/PowerBi experience is an advantage
  • Excellent knowledge of MS Excel
  • Fluent English mandatory, both written and oral
  • Spanish/French/Portuguese knowledge is a plus
Soft skills:
  • Good analytical skills
  • Ability to work in a multinational environment where the needed information is coming from various functions and geographies
  • Proactive in identifying issues and solutions
  • Very good communication skills
  • Flexibility and ability to work towards simultaneous deadlines
  • Attention to details is a must


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