Director, Revenue & Technical Accounting

Summary

The Director, Revenue & Technical Accounting is responsible for (i) leading the team in all aspects of technical accounting research and documentation, including focus on revenue recognition, of this fast-paced and growing organization as well as (ii) leading the organization’s financial reporting function. This position is also responsible for maintaining and further building-out a strong system of internal controls around areas of responsibility. As the organization continues to grow and increase in complexity, this position will also have a key role in outlining the overall strategy and vision of the technical accounting and financial reporting team, processes and capabilities.

This position leads two separate teams – one focused specifically on ASC 606 / Revenue Recognition and one focused on other technical accounting matters as well as financial reporting.

• Essential Functions Leads the technical accounting and financial reporting function of the organization, inclusive of revenue recognition and evaluating complex revenue transactions
• Leads the team in researching, documenting and supporting the organization’s more complex accounting decisions and policies
• Works proactively with Finance and Sales personnel to assist in the assessment of customer arrangements while being able to clearly communicate the GAAP revenue accounting implications associated with the terms of the arrangement with the customer to multiple interested parties
• Reviews and assesses complex revenue arrangements for appropriate GAAP revenue accounting under ASC 606 and be the first point of contact for ad-hoc questions, as they arise, around revenue recognition from the Field and Finance
• Prepares and / or reviews documentation of accounting memos to support the Company’s material and complex arrangements
• Leads the team with respect to year-end process around financial statement preparation / presentation, including footnote disclosures
• Assists with due diligence and purchase accounting associated with acquisitions as needed (outside of income tax matters)
• Leads the team relative to the annual goodwill impairment assessments as well as assessments for the potential impairment of other long-lived assets
• Maintains a strong internal controls environment around technical accounting matters and the external reporting processes
• Leads the effort around the adoption of all relevant new accounting standards
• Attends Audit Committee meetings as needed and presents on material / complex accounting matters
• Leads the effort around the updating of the organization’s written accounting policies
• Plays a key role in developing the overall strategy. As the organization grows and increases in complexity, provides vision around the technical accounting and financial reporting function (team structure and capabilities, process around quarterly external reporting, technology decisions, etc.)
• Assists in the financial statement integration of acquired businesses as they occur
• Assists with the overall coordination and interactions with the external audit firm
• Required Qualifications 5 years of hands-on experience in roles of increasing responsibility within the accounting and finance function
• Bachelor’s degree in Accounting
• Licensed Certified Public Accountant (CPA)
• Strong knowledge of US GAAP and financial reporting, inclusive of ASC 606 (Revenue Recognition)
• Current knowledge of the expectations of a strong internal control environment
• Strong research capabilities
• Experience with purchase accounting
• Ability to comprehensively and persuasively document accounting conclusions on complex matters
• Comfortable operating in a highly dynamic, fast paced and high growth environment with a demonstrated ability to add value to the business
• Excellent communication, writing, managerial organizational and people skills
• Proven initiator, innovator and influencer who can drive change, improve processes, and provide sound solutions to complex and routine business issues
• Collaborative and accessible manager with a successful track record of developing, mentoring and motivating teams
• Outstanding sense of “teamwork” and working for the greater good; highly skilled but without an ego
• Prior experience in a fast paced, rapid change environment where priorities change regularly and where steady state is rarely achieved
• Ability to think and act in a forward-looking manner, including the demonstrated ability to anticipate challenges and opportunities and address them in a proactive, pragmatic, fact-driven manner
• Prior experience with appropriate use of tools and best practices to capture, analyze, and report financial data and trends in a timely and effective manner
• Participative, hands on, "roll up the sleeves" management style with a keen attention to thoroughness and details

Supervisory Responsibility

Travel

Yes, as needed

The Company’s headquarters and the majority of the team members are in Bloomington, MN (a suburb of Minneapolis-St. Paul). However, it is not a requirement for this position to be in the Minneapolis-St. Paul area, although it would be expected that this person travels to the Company’s headquarters on a periodic basis when necessary to be with, and oversee, the team.

Work Environment

Ability to handle multiple priorities and demands in a fast-paced environment. This job can be performed remotely, although periodic trips to the Company’s headquarters would be expected, as / when necessary.

Physical Environment

Physical demands described here are representative of those that must be met by a team member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this job.

Other Duties / Changes

This job description is not designed to cover or contain a comprehensive listing of all duties, responsibilities or activities that are required of a team member for this job. Duties, responsibilities and activities may change at any time with or without notice. At any point in time, the essential functions and primary duties associated with this position will be the principal, major or most important duties, responsibilities and activities that the employee is expected to perform as determined and directed by ConvergeOne.