Job Description

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About the Role:
OSTTRA India
The Role: Senior Associate - Record to Report (R2R) Revenue
The Team: OSTTRA Finance Team is based out of the UK, India, Penang, Sweden and US. It is an entrepreneurial team, who is highly energetic, flexible, dynamic and works beyond boundaries to deliver the real values. We are standing up an independent global finance team.
The Impact: OSTTRA has the largest financial institutions in the world as clients. We believe that long-term value to the client is the most important goal of our team, and technology is the tool to bring that value, and your contribution in the form of delivery, improvements and innovations can have a significant impact on the financial system
What's in it for you: We are seeking an experienced and meticulous Senior Associate -Revenue Accountant as part of Record to Report (R2R) in global finance team. Ensure timely and accurate recording/reporting of revenue working closely with cross functional teams. Support launch of new products ensuring proper revenue recognition and system implementation in SAP. Understand the business model / product contractual framework including performance obligations and deliver the revenue accounting process.
Responsibilities:
The Senior Associate is responsible for ensuring the ledger integrity encompassing several duties, including but not limited to:
Month-End Close: Managing the end-to-end Revenue accounting within stipulated timelines as well as in adherence to the month end closing calendar of
OSTTRA. This involves:

• Revenue recognition, ensuring all transactions are accounted for in strict accordance with US GAAP (ASC 606) and/or IFRS 15.
• Manage revenue accounting for a high-volume of subscription-based (e.g., monthly, annual) and volume-based (e.g., usage, transactional) contracts.
• Maintain and manage deferred revenue and unbilled receivables schedules, ensuring accurate amortization and recognition.
• Handle accounting for contract modifications, including upgrades downgrades, co-terms, and cancellations.
• e) Ensure accurate revenue recognition for discounts, promotions, credits, and variable consideration.

Reconciliation & Substantiation:

• Perform and oversee detailed monthly and quarterly revenue reconciliations between our billing systems (e.g., Sigma, Qlik or in-house system), sub-ledgers, and the general ledger (SAP).
• Tracking system volumes and pricing at product level across OSTTRA.
• Investigate, document, and resolve any identified discrepancies, variances, or reconciling items in a timely manner.

Revenue Assurance & Leakage: Conduct comprehensive revenue leakage
checks to identify, quantify, and recover unbilled or under-billed revenue. Partner
with Sales, Client Services, and Billing teams to remediate control gaps and
improve the quote-to-cash process.

• Reporting: Assist in preparing revenue-related disclosures and analysis for internal management reporting and external financial statements.
• Audit Support: Support internal and external audits by providing clear, auditable documentation and explanations for all revenue-related inquiries. Serve as the key point of contact for external auditors on all revenue-related inquiries
• Internal Controls: To ensure month end processes are governed as per local policies and procedures and are complied with the internal financial control process at OSTTRA.
• Process Improvement: Proactively identifying opportunities to enhance and streamline accounting processes, leveraging automation and best practices to improve efficiency and accuracy.
• Initiatives / Projects: Lead initiatives / projects as required to support any business driven / system changes.
• Stakeholder Management: Collaborate cross-functionally with teams such as Group Financial Control, Legal Entity Control, FP& A, and Technical Accounting to strategically address and resolve ad-hoc financial and operational challenges.

What We're Looking For:
Basic Required Experience:
To be successful in this role, candidates must possess a mix of Technical Professional competencies. They must be adept at:

• Experience: 10-12 years of relevant experience in an accounting or finance role, with a strong focus on Revenue accounting and assurance.
• Financial & Accounting Acumen: Good understanding of accounting principles (US GAAP) and financial reporting
• Driving Change & System Implementation: Good working experience in process & system transition (Preferably SAP). As a process owner, can play a key role in implementations before go-live and can manage post go-live. Someone who embraces and champions change, thrive in dynamic environments, and drives innovation.
• Team Management: Team lead experience in global working environment,
• effective delegations within team, goal setting and performance discussions, can build a high performing team with a clear sense of ownership and accountability.
• Communication: Exceptional verbal and written communication skills, with the ability to present complex financial information clearly and concisely to key stakeholders.
• Analytical skills: Strong ability to analyse financial data, identify trends, and explain variances.
• Attention to Detail: Meticulous approach to reviewing financial data, reconciliations, and journal entries to ensure 100% accuracy.
• Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage competing priorities effectively.
• Problem-solving: Proactive and solution-oriented mindset, with the ability to dentify issues and implement effective resolutions.
• Technological proficiency: Strong proficiency in Microsoft Excel (VLOOKUP, pivot tables, advanced formulas) and experience with ERP systems (e.g., SAP, Oracle).

Qualifications:

• CA / Equivalent Professional Accounting Certifications
• Specialization in revenue accounting at least the last 5 years.
• Strong experience with month-end close procedures and financial reporting.

The Location: Gurgaon, India
About Company Statement:
OSTTRA is a market leader in derivatives post-trade processing, bringing innovation, expertise, processes and networks together to solve the post-trade challenges of global financial markets. OSTTRA operates cross-asset post-trade processing networks, providing a proven suite of Credit Risk, Trade Workflow and Optimisation services. Together these solutions streamline post-trade workflows, enabling firms to connect to counterparties and utilities, manage credit risk, reduce operational risk and optimise processing to drive post-trade efficiencies.
OSTTRA was formed in 2021 through the combination of four businesses that have been at the heart of post trade evolution and innovation for the last 20+ years: MarkitServ, Traiana, TriOptima and Reset. These businesses have an exemplary track record of developing and supporting critical market infrastructure and bring together an established community of market participants comprising all trading relationships and paradigms, connected using powerful integration and transformation capabilities.
About OSTTRA
Candidates should note that OSTTRA is an independent firm, jointly owned by S&P Global and CME Group. As part of the joint venture, S&P Global provides recruitment services to OSTTRA - however, successful candidates will be interviewed and directly employed by OSTTRA, joining our global team of more than 1,200 post trade experts.
OSTTRA was formed in 2021 through the combination of four businesses that have been at the heart of post trade evolution and innovation for the last 20+ years: MarkitServ, Traiana, TriOptima and Reset. OSTTRA is a joint venture, owned 50/50 by S&P Global and CME Group.
With an outstanding track record of developing and supporting critical market infrastructure, our combined network connects thousands of market participants to streamline end to end workflows - from trade capture at the point of execution, through portfolio optimization, to clearing and settlement.
Joining the OSTTRA team is a unique opportunity to help build a bold new business with an outstanding heritage in financial technology, playing a central role in supporting global financial markets.
Learn more at .
What's In It For You?
Benefits:
We take care of you, so you can take care of business. We care about our people. That's why we provide everything you-and your career-need to thrive at S&P Global.
Our benefits include:
Health & Wellness: Health care coverage designed for the mind and body.
Flexible Downtime: Generous time off helps keep you energized for your time on.
Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.
Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.
Family Friendly Perks: It's not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.
Beyond the Basics: From retail discounts to referral incentive awards-small perks can make a big difference.
For more information on benefits by country visit:
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Equal Opportunity Employer
S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.
If you need an accommodation during the application process due to a disability, please send an email to: and your request will be forwarded to the appropriate person.
US Candidates Only: The EEO is the Law Poster describes discrimination protections under federal law. Pay Transparency Nondiscrimination Provision -
20 - Professional (EEO-2 Job Categories-United States of America), BSMGMT203 - Entry Professional (EEO Job Group)
Job ID: 322303
Posted On: 2025-11-18
Location: Gurgaon, Haryana, India

Skills Required