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Mgr of Revenue Recognition Accounting Policy Research
Ref No.: 16-06145
Location: Blue Bell, Pennsylvania
Position Type:Contract
Start Date / End Date: 09/15/2016 to 06/15/2017
 
  • The Manager of Revenue Recognition, Accounting Research & Policy, will manage within the Revenue Recognition Center of Excellence as a technical accounting subject matter expert with respect to the company's revenue recognition and generally accepted accounting policies.
  • This position will have responsibility for managing the processes and internal controls associated with the identification, documentation, communication and implementation of proposed and new accounting standards, and the accounting for complex financing, merger and acquisitions (M&A) and other new and unusual transactions.
  • This role is a key forward facing role in the organization.
 
Core Responsibilities:
 
  • Support Tier 1 (local country/Regional) and Tier 2 (Revenue Recognition COE team members) to ensure compliance with ASC 605, ASC 985-605 and other revenue recognition rules as they apply to the business.
  • Ensure compliance with policies and procedures and identify opportunities to enhance existing procedures to improve measurement and control of revenue recognition.
  • Support the Customer Financial Management ('CFM') (Deal Support/Project Control) team in contract reviews that meet required thresholds for proper revenue recognition.
  • Support and provide training to the CFM and Rev Rec COE teams on revenue recognition rules and application.
  • Liaise with the external auditors on revenue recognition testing.
  • Research and evaluate the accounting for new and proposed financing, M&A and other new and unusual transactions
  • Review documents and identify the accounting issues
  • Propose solutions or alternatives in resolving issues
  • Consult with business units and external auditors on technical accounting matters and the application and development of accounting policies
  • Document and communicate the accounting for the transactions (both technical and operational accounting considerations)
  • Assist in the preparation of financial reporting disclosures (MD&A and Footnotes) for completed transactions
  • Proactively identify/research proposed new accounting standards and guidance (i.e. FASB, EITF, SEC and PCAOB guidance)
  • Monitor standard setters activities including minutes of meetings, planned agendas and project plans
  • Develop interpretations and communications related to new accounting standards and guidance
  • Lead or partner with corporate groups or business units in the implementation of new standards
  • Liaise with outside auditors on new standards
  • Present and train our management and staff on new standards
  • Develop responses to standard setters' exposure drafts and other proposals
  • Assist in the preparation of financial reporting disclosures (MD&A and Footnotes) for new accounting standards
  • Assist in the periodic audit of key operational processes.
  • Ensures legal and regulatory compliance to GAAP and Sarbanes Oxley for all accounting functions and financial reporting.
  • Consistent exercise of independent judgment and discretion in matters of significance.
  • Provide guidance and assistance to Staff and Senior level member of the Corporate COE.
  • Other ad-hoc duties and responsibilities as assigned.