Director of Technical Accounting
Find what drives you on a team with a more than 70-year history of discovery, determination, and innovation. As a global leader in high-tech filtration, separation, and purification, Pall Corporation thrives on helping our customers protect people. Our products serve a wide range of markets, so if your interests lie along the spectrum of Life Sciences to Industrial, you'll find a rewarding role here. For the exponentially curious, Pall is a place you can thrive and amplify your impact on the world. Pall is proud to work alongside a community of nine fellow Danaher Life Sciences companies. Together, we're pioneering the future of science and medicine, developing products that enable researchers in the fight to save lives. The Director of Technical Accounting is a staff role leading research on technical and complex accounting topics. This role will support the VP Finance & Corporate Controller to oversee global revenue policy compliance and provide practical direction for the global Finance and Accounting organization in the areas of technical and complex accounting policies and guidelines. Sound enticing ? Read on for more ! Areas of focus are Revenue Recognition (ASC606), Lease Accounting (ASC842) and CECL (Current Expected Credit Loss, ASC326). In addition to these topics, the position will be accountable for all technical accounting issues including Sales/Contracts, Procurement/Commitments, Supply Chain/trading terms, Operations/Fixed Assets, Employees/Arrangements. Key Responsibilities:Support VP Finance & Corporate Controller to oversee global technical accounting compliance with US GAAP, Danaher Policies and Pall Policies.Be a specialist in US GAAP revenue standards (eg ASC606 and ASC842), as well as Pall's revenue policies.ASC842: oversee and ensure the regional accounting teams implement ASC842 in accordance to Corporate policies. Monitor and ensure timely and accurate update of lease agreements/modification/cancellation in system (Costar). Monitor the accuracy of leasing accounting transactions and own reporting to Corporate.Be a valuable business partner to the sales team, understanding their needs and providing options and recommendations for deal structure and contract language to enable revenue growth while ensuring accounting compliance.Review significant customer and supplier contracts to assess if the transaction requires special accounting consideration or treatment. Provide recommendation of accounting determination for unusual transactions.Work with Business Unit Finance teams to monitor contract compliance and record the necessary reserves.Prepare and/or review complex revenue analysis, including multiple element arrangement (MEA) analysis, stand-alone selling price (SSP), revenue disaggregation, unfulfilled performance obligation (UPO) and lease classification test.ASC326: supervise and monitor Pall overall CECL provision adequacy and accuracy.Support month-end and quarter-end processes including approval of journal entries, Balance Sheet accounts reconciliations, flux analysis and corporate reporting schedules.Project lead for any revenue systems implementations as well as complex accounting topics and provide recommendations.Author technical accounting memos and lead global implementation for updated accounting pronouncements.Partner with leadership on M&A finance due diligence efforts, including planning, due diligence review, reporting and integration.Educate sales and other functions outside of Finance on system, policy and accounting requirements required for revenue compliance (eg ASC606, ASC842 etc.).Work actively with external and internal auditors to ensure that company revenue recognition interpretation and internal revenue guidance are consistent and aligned with GAAP and all technical pronouncements.Perform Balance Sheet reviews to confirm entities adhere to global policies. Minimum RequirementsBachelor's Degree in Accounting, Finance, Economics or related subject area.Must have CPA10-15 years of professional experience working in the technical accounting or revenue accounting field. Preferably with a Big 4 Firm.Revenue Recognition (ASC606), Lease Accounting (ASC842) and CECL (Current Expected Credit Loss, ASC326).In-depth knowledge of US GAAP standards and updated guidance.Operational experience with revenue recognition in a large manufacturing organization, preferably extensive experience with operating type and sales type lease accounting.Ability to communicate highly technical perspectives to individuals with varying degrees of experience in the subject matter ranging from sales personnel and certain other customer-facing individuals, other finance personnel, and management-level individuals.Comfortable in reviewing contracts or other documents working with cross functional teams.Excellent organizational, analytical and communication skills. Prepare and support effective presentations of financial results and/or analytical findings.Ability to define problems, collect data, establish facts and draw valid conclusions.System implementation and Project Management experience of revenue recognition, G/L or Lease Accounting or other systems. SAP is desired.Ability to effectively balance financial and operational factors and to analyze complex business problems and develop appropriate solutions in a timely and responsive manner.Good working knowledge and understanding of SEC and SOX compliance.Ability to establish credibility and be decisive but able to recognize and support the organization's preferences and priorities.Results oriented with the ability to balance other business considerations.Entrepreneurial spirit, with a hands-on, roll-up-the-sleeves mentality and a structured and pragmatic approach.Ability and willingness to travel up to 10-15%. #LI-remote When you join us, you'll also be joining Danaher's global organization, where 69,000 people wake up every day determined to help our customers win. As an associate, you'll try new things, work hard, and advance your skills with guidance from dedicated leaders, all with the support of powerful Danaher Business System tools and the stability of a tested organization. Danaher Corporation and all Danaher Companies are committed to equal opportunity regardless of race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity, or other characteristics protected by law. We value diversity and the existence of similarities and differences, both visible and not, found in our workforce, workplace and throughout the markets we serve. Our associates, customers and shareholders contribute unique and different perspectives as a result of these diverse attributes. The EEO posters are available here . We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us at to request accommodation. If you've ever wondered what's within you, there's no better time to find out.