Technical Accounting Job Description

Technical Accounting Job Description

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Technical accounting provides technical accounting support for team members considering local GAAP and US GAAP requirements.

Technical Accounting Duties & Responsibilities

To write an effective technical accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included technical accounting job description templates that you can modify and use.

Sample responsibilities for this position include:

Responsible to monitor new accounting developments for U.S. GAAP and IFRS with potential impact to the company, including the development of the standards and influencing the Financial Accounting Standards Board (FASB) through the comment letter process, and communication and training for all organization levels regarding new accounting changes
Work directly with regions and business units on a variety of US GAAP technical accounting questions, projects, and reviews
Promote consistency in the treatment of accounting transactions across the Warner Bros
Perform a detailed level review for accuracy of our earnings press releases, quarterly and annual filings, possible registration statements and the proxy statement
Lead/assist with special projects as needed
Responsible for the identification, maintenance and communication of all current and upcoming accounting pronouncements as it relates to the company’s financial statements
Review the 10-K, 10-Q, and other SEC required documents in a timely manner to ensure compliance with required disclosures
Provide proactive and consultative support to regions and business units on a variety of technical accounting questions, projects, and reviews
Develop logical and well-supported position papers to present strong draft conclusions to management
Support company's implementation of FASB ASC 606, Revenue from Contracts with Customers

Technical Accounting Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Technical Accounting

List any licenses or certifications required by the position: CPA, CFA, CISSP, CISA, CIA, SEC, ACCA, PC, CFO, IFRS

Education for Technical Accounting

Typically a job would require a certain level of education.

Employers hiring for the technical accounting 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, Business, Accountancy, Education, Business/Administration, MBA, Public Accounting, Technical, Communication

Skills for Technical Accounting

Desired skills for technical accounting include:

Complex accounting concepts
IFRS
US GAAP
GAAP
Complex financial accounting concepts
GAAP for both public & private companies
FASB regulations
Excel
Microsoft Excel

Desired experience for technical accounting includes:

Reporting tool
5+ years' of audit, technical accounting and/or financial reporting work experience, including a minimum of 2 years' public accounting (audit/advisory) experience
Proven expertise in understanding evolving accounting issues
Innovative decision making ability
Excellent professional written and verbal communication interpersonal skills
Have passed the Certified Public Accounting (CPA) exam

Technical Accounting Examples

1

Technical Accounting Job Description

Job Description Example
Our company is hiring for a technical accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for technical accounting
  • Assist in the ongoing monitoring and interpretation of new SEC/GAAP, prepare position papers on the impact to the company and implement the accounting treatments
  • Work with internal and external advisors
  • Fulfill audit requests from internal and external auditors and be able to provide proper support and analyses
  • Ensure DJ’s policies are aligned with News Corp’s policies
  • Liaise with Chief Compliance Officer and participate in Risk Council activities
  • Conduct / participate in the investigation of compliance issues
  • Keep informed regarding pending industry changes, trends, and best practices and assesses the potential impact of these changes on organizational processes
  • Prepare and/or review materials supporting the Board’s Audit & Finance Committee
  • Engagement and review of new business transactions
  • Actively strategize with peers in accounting policy group(s) for the industry trade groups
Qualifications for technical accounting
  • Commitment to continuous process improvement and mentoring
  • Excellent written and verbal communication with an ability to explain technical accounting requirements to executive and senior management, non-accountants and business partners
  • 8-12 years of hands-on technical accounting experience, including 3-4 years in a private industry role covering a wide range of accounting topics
  • Strong MS PowerPoint and MS Visio skills
  • Experience with HFM or similar financial reporting tools
  • 10 years of progressive public company accounting, financial reporting and audit experience
2

Technical Accounting Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of technical accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for technical accounting
  • Oversight of the company’s debt covenant reporting
  • Oversight of certain areas of the 10-Q/10-K filings
  • Reviewing the company’s annual proxy statement
  • Ensuring adequate internal controls for areas of responsibilities
  • Ensuring that SOX narratives are kept up-to-date
  • Implementation of new standards – revenue, leases
  • Consultation and research will require an emphasis on SEC reporting, equity accounting, purchase accounting, restructurings, and impairments
  • Provide cross-functional accounting support including financial reporting
  • Manage corporate finance management Sharepoint site
  • Assess the impact of proposed accounting literature on the business accounting and financial reporting processes
Qualifications for technical accounting
  • CPA with at least 13 years of relevant work experience in technical and operational accounting
  • Self-motivated and self-directed, but collaborative and works well with people, both on the same team and outside the team at all levels
  • 6-8 years experience with one of the national public accounting firms
  • Oversee and be the SME on all technical accounting policy matters and documentation
  • Partner with Treasury, Tax, the SEC team, and Accounting in the structuring and review of transactions and intercompany financing
  • Developing and updating corporate accounting policies and procedures relating to a wide variety of accounting issues, reaching conclusions on complex accounting issues and transactions
3

Technical Accounting Job Description

Job Description Example
Our innovative and growing company is hiring for a technical accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for technical accounting
  • Assist as needed with SEC reporting requirements internal and external audit support as needed
  • Review other transactions, which could include license arrangements, divestitures, joint ventures
  • Prepare public filings (10-Q, 10-K, 8K and other SEC filings)
  • Maintain ongoing collaboration with other members of the accounting and other departments to obtain and review schedules for the preparation of both internal reporting package and external filings, and to ensure transactions are captured appropriately in the financial statements
  • Prepare various schedules for internal reporting requirements
  • Communicate with external and internal auditors regarding financial reporting matters
  • Assist in the tagging of the detailed Xtensible Business Reporting Language (XBRL) tagging of financial statements and footnotes
  • Prepare, review and analyze month end reporting schedules
  • Review & approve all new technical accounting position papers
  • Work cross-functionally on contemplated business transactions to ensure relevant accounting issues are identified, debated, resolved, and appropriately documented in high quality technical accounting memorandums (Recent transactions have included acquisitions, hedging, software capitalization, leases, legal settlements, debt and equity offerings)
Qualifications for technical accounting
  • Assist in the review of quarterly earnings releases
  • Minimum eight years’ experience in this or similar role
  • Excellent analytical, teamwork and leadership
  • 7+ years in public accounting and/or technical/accounting policy experience
  • Ability to understand complex financial transactions, research accounting issues and document conclusions
  • Ability to manage a high volume of requests and projects that are time sensitive
4

Technical Accounting Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of technical accounting. 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 accounting
  • Oversees the process to identify, research, analyze and document new transactions for GAAP and FERC accounting and reporting compliance, including complex accounting issues, such as consolidation, leasing or financing structures, and the equity method of accounting under the hypothetical liquidation at book value, among others
  • Support the Head of Technical Accounting by ensuring local compliance with IFRS related to new business initiatives and the company's adoption of new accounting standards and company policy
  • Reconcile and balance cashier’s daily activities, credit cards entered in Excel spreadsheet and post in Cash Book
  • Performing technical accounting research for transaction-related events and prepare technical accounting whitepapers/memos
  • Researching and managing the implementation of newly issued accounting pronouncements
  • Conducting contract reviews and recommend appropriate accounting treatment in accordance with revenue recognition guidance
  • Assisting the SEC team with the preparation of financial statements and footnotes, along with coordinating with external auditors on the delivery of financial data
  • Reviewing potential merger and acquisition targets, including reviewing accounting policies, historical financial results and/or financial projections
  • Developing company-wide accounting policy and corresponding manuals
  • OLicensing arrangements
Qualifications for technical accounting
  • Ability to build and leverage working relationships, and influence all levels of leadership across the organization
  • 8+ years of experience in public accounting and/or Corporate reporting
  • Proven excellent knowledge of technical accounting, SEC and PCAOB guidance, specifically, revenue recognition (ASC 605-35), ASC 805 business Combinations, ASC 820 Fair Value Measurements, ASC 840 Leases
  • Controller level or above
  • CPA with Big 4 experience (manager or higher level preferred)
  • Extensive, up-to-date Technical Accounting knowledge
5

Technical Accounting Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of technical accounting. 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 accounting
  • Assist Controller and VP Tax in the coordination and review of activities relating to the preparation of the Company's tax provision entries and disclosures
  • At the request of the Controller, perform and/or direct the performance of special projects designed to strengthen the department’s internal controls and operating efficiencies
  • Assist in systems evaluations and implementations
  • Approve and report policy and methodology changes
  • Perform or assist in several key quarterly procedures to support financial reporting of significant and unusual transactions the impacts on reported results
  • Provide support for special financial projects, such as the new lease accounting standard, as requested from various SPE divisions
  • Identify and resolve complex issues, which may span multiple areas
  • Execute internal control programs established by management, research new accounting guidance, and recommend and implement approved changes
  • Performing general accounting research activities, documenting of accounting and reporting activities and supporting of business unit accounting teams in their research activities
  • Developing, maintaining and reviewing TDS accounting policies, interaction with the business units to communicate accounting policies, and periodic review of accounts and records to ensure compliance with approved policies
Qualifications for technical accounting
  • Revenue Recognition, including multiple-element arrangements and contract analysis (hands-on and can manage the process)
  • Stock-based compensation, experience with Liability vs
  • Ability to research various technical accounting issues, propose appropriate treatments, and discuss at audit-partner level
  • 8 years of experience, with three years of heavy technical accounting concentration
  • Experience in public accounting and industry required
  • Energy industry experience preferred (either public or private)

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