Job Summary The Technical Accounting Director will serve as the primary point of contact on accounting policy and external financial reporting matters for the company. This position will work on issues of a diverse scope where analysis of the issue, business purpose and underlying economics will be crucial to evaluating the appropriate accounting treatment, and translating that information into appropriate internal guidance and/or disclosure in the Company’s external financial reports. The external financial reporting aspects of the job are recurring quarterly activities, while the accounting policy aspects of the job are ad hoc. Issues tend to be time sensitive, require extensive collaboration with accounting and finance management as well as with external auditors. Principle Accountabilities
Identify and assess technical accounting issues in complex business transactions.
Ensure appropriate documentation of accounting treatment of complex and highly judgmental areas, including analysis, relevant literature and conclusions.
Work closely and effectively with internal and external auditors, including facilitating and coordinating technical accounting conclusions for our integrated financial statement audit.
Support the Company’s external reporting function, ensuring that the financial statements and disclosures are in conformity with accounting principles generally accepted in the United States.
Takes lead in addressing SEC and Policies Groups and draft appropriate responses as it relates to technical accounting and policy matters.
Work closely with various business leaders including Segment Finance, Tax, Treasury, HR, Legal, M&A, FP&A, and Functional leaders, etc. to provide guidance on accounting ramifications of strategic transactions, business decisions, and to resolve accounting matters.
Provide technical accounting support for mergers, acquisitions, and divestitures including due diligence, contract review, purchase accounting, and any ongoing analysis.
Monitor and analyze emerging issues and proposed rule changes from the FASB, SEC, and PCAOB; prepare comment letters to regulatory agencies and assist in the implementation of new requirements across affected business areas.
Key team member in the effort to implement the new accounting standards, including but not limited to:
ASC 606 – revenue recognition standard and / ASC 842 new lease accounting standard.
Coordinate external reporting on financial statement disclosures related to new accounting guidance.
Act as the Subject Matter Expert to educate accounting / finance personnel and business partners across the Company to develop technical accounting awareness and talent pipeline.
Communicate with Finance personnel regarding accounting changes, new accounting standards, technical accounting topics, and other related business and control issues.
Supervise technical accounting team members regarding various projects and initiatives.
Gain in-depth understanding of the Company’s operation models and business strategies.
Comply with government regulations and internal controls.
Prepare and/or revise accounting policies and procedures to reflect new accounting pronouncements or guidance, to improve clarity or to respond to changing circumstances.
Develop and teach technical accounting training material across the CFO’s organization.
Assist with various special projects as needed.
Liaison with and maintain productive working relationships with internal departments such as Enterprise Accounting, Project Accounting, FP&A, Segment Finance, Treasury, Tax, Legal, and external Auditors.
Knowledge & Skills
Proven excellent knowledge of technical accounting, SEC and PCAOB guidance, specifically, revenue recognition (ASC 605-35), ASC 805 business Combinations, ASC 820 Fair Value Measurements, ASC 840 Leases, etc.
Strong organizational and time management skills /ability to continually prioritize workload and respond to top priorities with a sense of urgency.
Detail-oriented with both the ambition and willingness to dive into the details necessary to accomplish responsibilities and solve problems.
Strong leadership in sophisticated functional teams, and experience in building relationships across the organization.
Excellent written and verbal communication with ability to explain technical accounting requirements to executive and senior management, non-accountants and business partners.
Excellent research skills, comprehension, and ability to simplify the presentation of complex transactions, accounting implications, and make informed suggestions to executive and senior management, non-accountants and other business partners.
Experience & Education
Bachelor's degree in Accounting Required.
Master's degree in Accounting preferred.
CPA license required.
Minimum 8 – 10 years of experience which may include any of the following (or a combination of more than one):
Big 4 Public Accounting Firm or other large national accounting firm with experience in financial audit and/or a technical accounting advisory capacity;
Technical accounting and/or external financial reporting experience with global companies and publicly traded companies; or
Regulatory agency or accounting standard setter (i.e., SEC, FASB)
Experience and familiarity with Aerospace & Defense or Construction industries preferred.
Experience with researching and writing complex technical accounting position papers for non-routine, complex accounting concepts in accordance with US GAAP.
Experience with conducting training and developing training programs.