Technical Accounting Manager

$94,420 - $125,890/Yr

Lumen Technologies - Nashville, TN

posted 2 months ago

Full-time - Mid Level
Remote - Nashville, TN
Telecommunications

About the position

The Technical Accounting Manager position at Lumen is a pivotal role that supports global technical accounting matters, particularly focusing on revenue recognition and ensuring compliance with U.S. GAAP. This position requires a deep understanding of current accounting pronouncements and emerging issues, as well as the ability to review non-standard contracts and prepare comprehensive accounting memos. The successful candidate will be responsible for presenting prescribed accounting treatments, maintaining a contract review log, and guiding and training others in the proper accounting for non-standard contracts. The ideal candidate is expected to be a CPA with a minimum of six years of experience, including at least three years in public accounting. A strong grasp of U.S. GAAP and SEC financial reporting requirements is essential, along with excellent analytical, communication, and teamwork skills. In this role, the Technical Accounting Manager will provide technical guidance on new and emerging accounting and reporting issues, lead and assist the business in implementing new requirements, and conduct ASC 606 training sessions. The position also involves consulting with various teams, including product, legal, and sales, regarding revenue treatment for new or non-standard agreements. Collaboration with the SEC Reporting and Business Process teams is crucial, as is assisting with quarterly analysis and reviews. The role also includes leading and assisting the business in recording and documenting the quarterly credit losses estimate, ensuring that all accounting practices align with the latest standards and regulations.

Responsibilities

  • Providing technical guidance on new and emerging accounting and reporting issues.
  • Leading/assisting business in implementing new requirements.
  • Providing ASC 606 trainings.
  • Consulting with product, legal, sales, etc. teams over revenue treatment for new or non-standard agreements.
  • Providing technical accounting guidance to global business areas.
  • Collaborating with the SEC Reporting and Business Process teams.
  • Assisting with quarterly analysis and reviews.
  • Leading/assisting business in recording and documenting the quarterly credit losses estimate.

Requirements

  • Strong understanding of current U.S. GAAP and SEC financial reporting requirements (including ASC 606, 842 and 326 requirements).
  • Comprehensive knowledge and experience with revenue recognition, lease and credit loss accounting concepts and guidance.
  • Strong analytical skills and excellent written and verbal communication skills.
  • Ability to clearly and articulately present the company's views and opinions to internal contacts as well as auditors and other external contacts.
  • Deadline-focused with the ability to understand how the details impact the overall reporting.
  • Self-motivated with the ability to work in a fast-paced environment and learn new systems and reporting tools.
  • High level of integrity and ability to work effectively in a cross-functional, team-oriented environment.
  • Ability to use wide-ranging experience and specialized knowledge of technical principles, theories, and concepts in the area of revenue recognition to resolve highly unique and complex business and accounting issues.

Nice-to-haves

  • Certified Public Accountant (CPA)
  • Bachelor's Degree in Accounting.

Benefits

  • Health insurance coverage
  • Life insurance coverage
  • Voluntary lifestyle benefits
  • Comprehensive benefits package that enhances physical, mental, emotional, and financial wellbeing.
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