What are the responsibilities and job description for the Senior Manager, Revenue & Technical Accounting position at Danaher Corporation?
Do you want to help advance scientific discovery, improving quality of life around the world? We do, too.
Molecular Devices has the opportunity to be the innovation partner that empowers scientists to fast-track research breakthroughs, leading to earlier diagnoses and safer drug treatments. We’re a leading life science solutions provider of high-performance bioanalytical measurement systems, software, and consumables. With Molecular Devices, you’ll grow your career with best-in-class teams in a culture of collaboration.
Molecular Devices is one of 10 Life Sciences companies of Danaher. Together, we accelerate the discovery, development and delivery of solutions that safeguard and improve human health.
The Senior Manager of Revenue and Technical Accounting is the Subject Matter Expert leading research on technical and complex accounting topics. She or he supports the Corporate Controller to oversee global revenue policy compliance, own North America revenue accounting operation, and provide practical direction for the global Finance and Accounting organization in the areas of technical and complex accounting policies and guidelines. He/She will work on specific projects related to revenue recognition and compliance, large sales or corporate initiatives, new business models and specific recognition issues. Some areas of focus are Revenue Recognition (ASC606), Lease Accounting (ASC842). In addition to these topics, the position will be responsible for any and all technical accounting issues affecting Molecular Devices in areas of Sales/Contracts, M&A, Procurement/Commitments, Supply Chain/trading terms, Operations/Fixed Assets, Employees/Arrangements etc.
Remote work arrangement may be considered.
Key Responsibilities:
Own North America revenue accounting operations. Support month-end and quarter-end revenue close operational process including preparation or approval of journal entries, margin analysis, Balance Sheet accounts reconciliations, flux analysis and corporate reporting schedules.
The role is a subject matter expert in GAAP revenue standards (ASC606 and ASC842), as well as Danaher and Molecular Devices revenue policies. Provide guidance to Regional Controllers and Finance team for complex, non-routine revenue transactions. Monitor global policy compliance.
Be a valuable business partner to the sales team. Understand their needs, provide options and recommendations for deal structure and contract language to enable revenue growth while ensuring accounting compliance. Educate sales and other non-finance functions on system, policy and accounting requirements required for revenue compliance (e.g. ASC606, ASC842 etc.).
ASC842: oversee and ensure the regional accounting teams implement ASC842 in accordance with corporate policies. Monitor and ensure timely and accurate update of lease agreements/modification/cancellation in system. Monitor the accuracy of leasing accounting transactions and own ASC842 (lessor accounting) reporting to Corporate.
Research technical and complex accounting topics and provide recommendations. Author technical accounting memos for complex revenue transactions or non-routine transactions. Lead M&A finance due diligence efforts, including planning, due diligence review, reporting and integration.
Qualifications:
10 years of experience in revenue accounting operation. Preferably with > 4 years at a Big 4 Firm.
BA or BS degree in finance/economics/accounting. CPA preferred
In-depth knowledge of US GAAP standards and updated guidance (e.g. ASC606, ASC842). Knowledge in IFRS is a plus.
Operational experience with revenue recognition in 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.
We believe in designing a better, more sustainable workforce. We recognize the benefits of flexible, hybrid working arrangements for eligible roles and are committed to providing enriching careers, no matter the work arrangement. This position is eligible for a hybrid work arrangement in which you can work part-time at the Company location identified above and part-time remotely from your home. Additional information about this hybrid work arrangement will be provided by your interview team. Explore the flexibility and challenge that working here can provide.
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When you join us, you’ll also be joining Danaher’s global organization, where 80,000 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 (https://www.danaher.com/how-we-work/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 (https://www.dol.gov/agencies/ofccp/posters) .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 applyassistance@danaher.com to request accommodation. If you’ve ever wondered what’s within you, there’s no better time to find out.