Revenue Accounting Director

Job TitleRevenue Accounting Director

Job Description

The primary responsibilities and accountabilities of this role are:

  • Collaborate with Senior Management in defining vision, strategy, and priority setting for all revenue initiatives in North America, including leading the development of a newly created dedicated revenue team.
  • Work with Sales and Technical Revenue Accounting to develop deal structures which accomplish customer objectives while yielding desired economics and accounting outcomes for Philips.
  • Review and sign off on deal accounting packages prepared by the revenue team.
  • Review VSOE models to ensure ongoing compliance for the purposes of revenue recognition.
  • Ensure compliance with revenue related accounting policies and procedures.
  • Review and document conclusions for complex, multi-element sales contracts to support compliance with applicable authoritative literature.
  • Design, manage, and execute certain key controls around revenue recognition.
  • Work with and train the Company’s Sales, Business Partners and revenue operations groups to ensure that the proper revenue recognition criteria are well understood.
  • Drive the development of a project plan to implement the new revenue standard and responsibility for ensuring that the Company complies with all the requirements of the new revenue recognition standard.
  • Provide Senior Management with financial reporting information and operational support
  • Streamlines existing processes and recommends value-adding changes
  • Coordinate internal & external audit activities and audit preparation
  • Work collaboratively with a cross functional team to support M&A activities and subsequent integration efforts
  • Lead the development of the Revenue Team, ensuring development of technical skills and providing rewarding growth and development opportunities within the team.

Required Qualifications:

  • Number of Years of Work Experience: 10 + years
  • Bachelor’s Degree in Accounting, CPA required
  • Relevant “Big 4” public accounting experience at a Senior Manager level required, corporate experience a plus
  • Strong knowledge of revenue recognition standards (IFRS and SEC Regulations), experience with revenue general ledger accounting a plus
  • Experience in an international business environment and in working with virtual teams and multiple stakeholders
  • Ability to summarize and present complex accounting issues to senior leaders
  • Strong managerial and leadership skills; demonstrated development of a team is a plus
  • Proficiency in MS Excel required
  • Ability to manage multiple priorities
  • Proven ability to manage a team, work independently and exercise judgment
  • Excellent interpersonal, organizational, and documentation skills
  • SAP experience a plus

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Contact

In case of difficulties with your job application please send an email to [email protected]


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