Technical Accountant Job Description
Technical accountant
provides technical assistance in US GAAP on revenue recognition rules to help determine changes between ASC 605 to ASC 606.
Technical Accountant Duties & Responsibilities
To write an effective technical accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included technical accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Providing support in dealing with the accounting for new transactions
Providing support in dealing with the regulatory treatment for new transactions for all Corporate Investment Banking businesses
Involvement with the development of products and transactions where accounting or regulatory treatment is contentions
Write up of accounting and regulatory treatments for new product sign-off and other transaction approval forums
Determining appropriate accounting policies in terms of the South African Reserve Bank regulations
Providing practical assistance in implementing accounting or regulatory policies and treatment
Supporting junior team members in understanding accounting and regulatory issues
Maintain documentation on unique transactions
Respond to accounting inquiries within area of responsibility
Execute strategies for the completion of designated financial reports and accounting procedures
Technical Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Technical Accountant
List any licenses or certifications required by the position: CPA, SOX
Education for Technical Accountant
Typically a job would require a certain level of education.
Employers hiring for the technical accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Education, Business, Economics, Administration, Public Accounting, Business/Administration, Technical, MBA
Skills for Technical Accountant
Desired skills for technical accountant include:
GAAP and ability and experience to research complicated accounting issues
IFRS
US GAAP
Computer fundamentals
GAAP
Current U.S. GAAP
SEC reporting requirements and internal controls over financial reporting
Particularly Business Combinations and ASC 606 revenue recognition
Reinsurance types and risk transfer concepts
Salesforce
Desired experience for technical accountant includes:
At least 3-5 years of relevant experience with a Big 4 or regional/national public accounting firm with exposure to larger companies with complex accounting issues OR
3-5+ years of experience in a publicly traded company in a technical accounting, accounting policy/research or financial reporting - at least at a senior accountant level
Provide accounting guidance by supporting team member development
Serve as a technical expert and resource to staff
Drive continuous improvement of accounting policies and procedures by identifying
Manage budgeted resources by anticipating expenditures
Technical Accountant Examples
1
Technical Accountant Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of technical accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for technical accountant
- Perform technical research and ensure that proper GAAP accounting treatment is performed for all transactions
- Direct and oversee all aspects of SEC compliance efforts including the coordination, preparation and analysis of financial statement filings, including press releases, to comply with GAAP and SEC requirements
- Provide technical accounting support for debt and intercompany transactions
- Prepare certain month-end close journal entries and account reconciliations
- Work on Company's SOX compliance program related to U.S. and U.K
- Confirm air value measurement of investments
- Assign leveling classifications to Trust investments
- Assist with annual pension footnote and audit for US and UK pension plans related to Company's 10-k
- Assist with review of annual pension assumptions
- Assist with Company's annual global benefits budget reporting
Qualifications for technical accountant
- Post graduate degree in Accounting (NQF level 7)
- 3-5 years’ experience as a Chartered Accountant, of which a minimum of 3 years must be post-articles experience in a Technical Accounting role in an investment banking environment
- Three or more years of experience, of which, at least three years must be in public accounting at a national or large regional firm
- Previous experience with Financial Reporting, Month-end Close, and Statutory Reporting
- GPA above 3.5 preferred
- Approximately 3-6 years of relevant accounting experience
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Technical Accountant Job Description
Job Description Example
Our company is looking for a technical accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for technical accountant
- Assist with the SEC reporting processes to comply with all applicable rules and standards in the preparation of all SEC Filings (10Ks, 10Qs, 11Ks, ) the quarterly earnings release
- Assist in researching accounting topics, writing memos, and preparing presentations
- Manage the preparation of schedules (PBC’s) for the annual audit
- Coordinate various year-end audit activities, including communicating the project plan to the Finance community and worldwide subsidiaries
- Assist with the preparation of the footnotes in the worldwide financial statements and European statutory financial statements
- Exercise accuracy in calculating and reconciling large volumes of data within MS Excel
- This position is for a technical accounting resource to help lead the implementation of newly issued authoritative guidance specifically related to revenue from contracts with customers
- Contribute to analyses and recommendations of needed process and system improvements to accommodate the requirements of revenue recognition guidance
- Work with various business functions across the Company to compile information needed to arrive at documented conclusions
- Experience using ERP systems such as Oracle, SAP and NetSuite
Qualifications for technical accountant
- Record client's actual statements of accounts in SAP accounting system and treaty accounting spreadsheets as applicable
- Bachelor's degree in Accounting, Finance, or other relevant field is required
- At least 4 years of public accounting experience within a Big 4 firm or national firm
- Ability to understand complicated topics, apply critical thinking and judgment, and make informed recommendations
- Able to multitask efficiently, meet deadlines
- Derivatives and Hedging – prepare timely hedge documentation in accordance with ASC 815, prepare and communicate hedge-related journal entries
3
Technical Accountant Job Description
Job Description Example
Our innovative and growing company is looking for a technical accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for technical accountant
- Analyzes moderately complex accounts, records, and reports
- Maintains general ledger accounts
- To prepare and review financial statements, associated reports and disclosures for all deliverables to external / Group customers
- Preparatory work for statutory returns and/or reports and accounts
- Internal and/or external audits, reports, forecasts and reviews
- Communicating and liaising with business and finance colleagues as necessary in order to investigate performance, develop opportunities, maintain alignment and share information
- Gathering, validating and compiling quantitative and qualitative information and data, from multiple internal and/or external sources to ensure accuracy and completeness
- Responding to and managing Technical queries
- This role has potential to lead people
- Oversee team responsible for accurate and timely close of global ERP financial system (Oracle), with knowledge of consolidations, FX processes and intercompany eliminations
Qualifications for technical accountant
- Emerging accounting literature – Monitor pronouncements and projects of both the FASB and IASB, preparing briefings and summaries for presentation to senior management, as appropriate, updating policies and procedures when appropriate
- Assist with development and analysis of the company’s policies and procedures
- 1-3 years of public accounting experience with a Big 4 or national public accounting firm
- Financial reporting experience pertaining to large, multi-national organizations focusing on manufacturing, technology, or consumer products preferred
- Experience with hedge accounting preferred
- Ideal candidate will display an ability to frame and evaluate complex issues quickly and possess strong problem resolution and communication skills
4
Technical Accountant Job Description
Job Description Example
Our company is hiring for a technical accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for technical accountant
- Review earnings releases and conference call transcripts to ensure that information reported to the public is accurate
- Perform technical accounting research to assist in resolving accounting and reporting issues
- Draft and maintain Corporate Accounting Policies on the Company’s finance intranet
- Research accounting literature and apply technical standards to complex business issues and transactions, including revenue recognition, business combinations, impairment valuations, inventory, tax, stock-based compensation, and VIE assessments
- Draft accounting and financial reporting position papers for review by management and external auditors
- Assist in the implementation of new accounting guidance issued by FASB or the SEC, including researching and recommending the proper accounting and reporting application
- Assist in technical accounting research and resolving internal technical accounting issues
- Provide support during the quarter/year end close to the External Reporting team
- Perform ad-hoc accounting analysis and projects and other related duties as assigned
- Assisting in the preparation of footnotes, completion of disclosure controls and procedures related to internal control over financial reporting, MD&A and corresponding support
Qualifications for technical accountant
- Eager to learn and build skillset around financial reporting and technical accounting
- Possess or strong desire to learn technical Accounting rules surrounding Software and Services Revenue Recognition
- Demonstrate computer skills, such as document preparation and PowerPoint presentations
- Ability to interact and communicate effectively with all levels of personnel within the company
- Must have at least 3 years of public accounting experience
- Must have an eye for facts-and-circumstances details, the ability to understand complicated topics, to apply critical thinking and judgment, and make informed recommendations
5
Technical Accountant Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of technical accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for technical accountant
- Research and documentation of technical accounting issues
- Valuation support for potential acquisitions
- Covenant calculations
- Abstracting of new contracts terms and determining proper accounting treatment of these new contracts
- Application of SOX internal controls
- Researches complex accounting issues that arise as a result of acquisitions and divestitures
- As a key technical resource, researches all accounting standards and recommends relevant changes to senior leaders
- Coordinates with external auditors to provide requested documentation regarding financial statements and accounting treatment for specific transactions to assist and support SEC reporting
- Supports review and assessment of valuation of company's investments by third-party private equity firm
- Gathers and analyzes data to support leaders in counsel to Human Resources on the accounting for Executive Compensation and share-based payment awards (options and performance shares)
Qualifications for technical accountant
- Minimum of 6 years related experience in subsidiary accounting
- Proficiency in all Windows application
- PeopleSoft General Ledger experience highly preferred
- Familiarity with life and annuity products
- Strong working knowledge of SAP for insurance products
- CPA or equivalent with 6+ years’ experience in public accounting and 2+ years in the life insurance industry preferred