Director, Revenue Accounting
Director, Revenue Accounting
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Job Description
The Director Revenue Accounting is a key leader for the Medical Division. This position will lead our global revenue accounting operations for the Medical Division with an emphasis on software revenue recognition and standalone sell price allocation. This key role will provide leadership support to the business and day-to-day management and oversight of all aspects relating to revenue accounting. This is a great opportunity for someone passionate about influencing through change to achieve results and are motivated by the challenge of a dynamic high-growth environment. This position reports to the VP Finance. This position partners closely with corporate technical accounting as well as compliance teams. This person is responsible for building and developing a team within our Medical Finance function to provide excellent service levels to the division delivering on month-end close responsibilities maintaining internal controls and providing technical accounting guidance for complex transactions.
Primary responsibilities for this position include but are not limited to the following:
Partner effectively with the Commercial leadership team to drive bookings and revenue goals through strategic decision making while ensuring compliance with internal policies and GAAP
Key member of the finance leadership team. Goals will include partnering with the business accurately reporting revenue and driving value creation for the business
Build manage and develop revenue accounting team that serves the Medical division to perform complex accounting. Strategically design and adjust team structure as needs evolve
Attracts develops engages and aligns talent in the Revenue Accounting department including importing and exporting talent throughout Stryker
Own the development and implementation of revenue policies (within the confines of the Stryker revenue recognition policy) and procedures including review of contracts to ensure proper revenue recognition
Oversee accounting research and implementation of new revenue accounting standards and ensure all policies are documented and applied globally
Drive the month and quarter-end close processes for the revenue team while supporting FP&A in building bookings and revenue forecasts
Primary responsibilities for this position include but are not limited to the following:
Partner effectively with the Commercial leadership team to drive bookings and revenue goals through strategic decision making while ensuring compliance with internal policies and GAAP
Key member of the finance leadership team. Goals will include partnering with the business accurately reporting revenue and driving value creation for the business
Build manage and develop revenue accounting team that serves the Medical division to perform complex accounting. Strategically design and adjust team structure as needs evolve
Attracts develops engages and aligns talent in the Revenue Accounting department including importing and exporting talent throughout Stryker
Own the development and implementation of revenue policies (within the confines of the Stryker revenue recognition policy) and procedures including review of contracts to ensure proper revenue recognition
Oversee accounting research and implementation of new revenue accounting standards and ensure all policies are documented and applied globally
Drive the month and quarter-end close processes for the revenue team while supporting FP&A in building bookings and revenue forecasts
Serve as a core team member for strategic initiatives (potential M&A operating plans profitability analysis)
Function as subject matter expert on ASC 606 with special emphasis on software revenue recognition.
Research GAAP and apply to transactions as needed. Document assessments and conclusions in accounting position memos.
Operates with honesty and integrity which is consistent with Strykers values and sets cultural expectations throughout the organization
Qualifications:
Bachelors Degree in Accounting or Finance required
CPA Certification or equivalent preferred
10 years of experience with leadership and specific complex revenue recognition analysis experience highly preferred
Thorough comprehension and working knowledge of U.S. GAAP revenue recognition rules. Experience with ASC 606
Deep understanding and demonstrated experience in proper revenue accounting processes under current revenue recognition methodologies for software hardware and multiple arrangements
SAP and RevPro experience is highly preferred
Strong verbal and written communication skills; able to understand apply and explain complex accounting theories concepts and processes in ways that non-technical partners can understand. Ability to interact with senior management and influence outcomes across all levels of the organization
Experience communicating and articulating an issue or point of view to a varied audience both verbally and in writing
Experienced at working effectively across multiple levels of an organization and building successful cross functional partnerships
Influential leader that can implement change and is motivated by the challenge of a fast-paced high-growth global environment
Proven ability to lead and motivate teams. Achieves organizational focus on key priorities provides clear direction delegates actively communicates and coaches. A committed mentor people developer and team builder
Experience in diagnosing isolating and resolving complex issues and recommending and implementing strategies to resolve problems
Demonstrated experience in leading continuous improvement initiatives root cause analysis and project management
Ability to meet the rigorous deadlines of a growth company; ability to multitask and prioritize responsibilities coordinate and manage multiple projects
Fluency in English required
Physical and Mental Requirements:
Ability to travel domestically for business meetings workshops and leadership meetings
May involve prolonged periods of sitting standing and walking as appropriate
May be required to move equipment up to 25 pounds reach push or pull in order to accomplish job accountabilities
Coordination of eye hand and/or foot movement with an ability to grasp by hand
Cognitive demands to include visual and auditory discrimination/memory reading ability and memory retention ability
Basic skills - Time management including prioritizing work and keeping detailed and accurate records project management interpersonal skills reports and budgets re-engineering customer service stress management people management conflict management customer service ISO standards statistics auditing financial systems manufacturing process organization structure and basic office and computer equipment skills to include MS Windows and MS Office
Stryker specific skills Requires the ability to learn Stryker products and systems and adhere to quality standards and policies set forth in employee handbook
Must be able to exercise discretion and use independent judgment
Must be able to possess written and oral communication including presenting in group meeting settings
Must be able to work with autonomy managing time and seeing tasks through to completion with minimal supervision
Must have the ability to prioritize work and keep detailed and accurate records
Must possess unwavering ethics & integrity in a competitive and demanding work environment
Compensation:
$129000- $286500 salary plus bonus eligible generally eligible for short-term and long-term financial incentives benefits. Actual minimum and maximum may vary based on location. Individual pay is based on skills experience and other relevant factors.
Required Experience:
Director
Employment Type
Full-Time
