Technical Accounting specialist

JOB TITLE: Technical Accounting Specialist

Exp - 5+ years

Location: Hyderabad, Global Shared Service Center

MAJOR DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

1. Support the Companys compliance with U.S. GAAP and Company accounting policies and procedures, with significant focus on over-time revenue recognition in a contract manufacturing environment in accordance with ASC 606, Revenue from Contracts with Customers, including related contract asset and liability balances.

2. Support the Company’s lease accounting processes in accordance with ASC 842, Leases, including the identification of new leasing arrangements, modifications to existing leasing arrangements, lease classification and initial recognition of Right-of-Use assets and liabilities, and subsequent measurement of lease asset and liability balances in the Company’s lease accounting software.

3. Monitor for proposed and newly issued authoritative U.S. GAAP pronouncements. Assess and document impacts on the Company’s accounting and financial reporting. Collaborate with the Corporate Accounting Team to develop and execute implementation plans to adopt accounting standards in a timely manner.

4. Support the preparation of technical accounting memorandums and analyses to document and support the Company’s accounting considerations and conclusions with regard to significant transactions and accounting matters.

5. Partner with the Corporate Accounting Team, Business Unit Finance staff, Financial Reporting staff, and external valuation specialists to support the Company’s annual goodwill and long-lived asset impairment assessments in accordance with ASC 350, Intangibles – Goodwill and Other and ASC 360, Property, Plant, and Equipment. Support the identification and evaluation of potential impairment triggering events occurring between the annual impairment tests as applicable.

6. Support the annual audit of the Company’s consolidated financial statements, with specific focus on revenue recognition, leases, and significant/unusual transactions. Duties include coordinating Company and auditor staff in the timely completion of required audit activities, preparing and/or reviewing documentation for delivery to the audit team, and working directly with audit team members to discuss and resolve audit matters.

7. Participate in Accounting and Finance initiatives and special projects (Merger and Acquisition activity, etc.) as needed.

8. Support the coordination of the standalone annual statutory financial statement audits and tax compliance for certain legal entities within the Curia group.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

• Bachelor’s/ master’s degree in accounting, finance or related field with 7+ years related experience is must
• U.S. CPA (or Non-U.S. chartered accountant designation) and public accounting work experience strongly desired
• Proficient in researching and interpreting US GAAP accounting standards and preparing technical accounting memos and position papers. ASC 606 over-time revenue recognition accounting experience strongly desired
• Demonstrated experience with the preparation of financial statements and the coordination of financial statement audits, as well as compliance with related tax matters.

Desired Skill Set

• Strong communication skills, interpersonal skills and ability to drive results
• Strong analytical skills
• Strong time management skills
• Clear thinker with strong analytical skills
• Effective project management skills; and process and compliance focused mindset