Director Technical Accounting and Financial Reporting

SUMMARY

The Director, Technical Accounting & Reporting is a strong leader that will oversee and take responsibility for Avetta’s entire revenue cycle, revenue recognition accounting, intercompany accounting, technical accounting, and financial reporting including GAAP and lender reporting. This role will assist in streamlining processes that will help Avetta close its books quickly, accurately, and help to scale Avetta’s financial systems. The Director, Technical Accounting & Reporting will work very closely with team members within our Finance and Accounting teams as well as across all departments to make necessary changes and complete projects in support of company-wide goals and objectives.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Lead and mentor a global team of accounting professionals, fostering a collaborative and high-performance culture that encourages learning and development.
• Oversee the entire revenue cycle including deferred revenue, recognized revenue, AR and sales reserves, bad debt analysis, and reporting by product and geography. Identify, evaluate, and implement changes in technical revenue recognition regulations and principles. Provide revenue recognition guidance on business initiatives including new products, market expansion opportunities and other strategic projects.
• Develop and scale existing order-cash-systems, processes and controls. Lead transformation initiatives including system and process upgrades to close and consolidation and revenue recognition. Identify areas for enhancement, align cross-functional stakeholders including Billing, FP&A, and Sales Ops, and execute to achieve desired outcomes.
• Oversee the preparation of the statements of cash flows, shareholders’ equity, income, and balance sheet in accordance with U.S. GAAP. Review results for completeness and accuracy; provide feedback to team members in GL team to improve quality of accounting.
• Lead all lender and sponsor reporting including calculating and automating calculation of EBTIDA and leverage ratios; lead preparation and submission of portfolio reporting and compliance certificates.
• Lead the annual consolidated audit; oversee the preparation of and review audit schedules, lead preparation and review of financial statements and disclosures. Support the international tax team with requests for international audits.
• Manage accounting and reporting for M&A, equity, stock-based compensation, leases, intercompany accounting, foreign currency exposure, expense allocations, and revenue for compliance with relevant ASC guidance.
• Oversee consolidation of financial data from international subsidiaries, intercompany and foreign currency accounting including appropriate treatment under US GAAP for remeasurement, translation, pushdown accounting, settlement, constant currency, and foreign currency analysis.
• Improve processes and documentation including standardizing timelines, documenting processes, improving quality of reconciliations and analysis create and maintain reporting calendars and style guides, manage monthly close calendars and monitor status of the close each month.
• Develop and update the risk and control matrices by staying informed of new and emerging risks as well as key control issues, trends, and developments; design, evaluate, and implement internal controls; manage internal control procedures to ensure accuracy and safeguard financial assets.

IDEAL EXPERIENCE, EDUCATION & TRAINING:

• Bachelor’s degree in Accounting or Finance
• CPA
• 10+ years of experience leading accounting teams, including Big 4 public accounting experience and experience with financial reporting in a multinational company
• Expert level knowledge of ASC 606 including application in complex, high volume environments
• Experience with NetSuite
• Experience preparing US GAAP compliant financial statements, reporting to sponsors, and reporting to lenders including debt covenants
• Experience leading transformation projects managing third party vendors to improve data quality, integrate systems, and redesign processes
• Proven record of mentoring and developing talent, leading high performing teams and collaborating cross functionally with other teams to drive outcomes and improvements to existing processes
• Comfortable leading teams through ambiguity; Champion of change; Curious; Accountable
• Experience with financial close and consolidation tools (e.g. Hyperion, OneStream, EPM), preferred
• Experience with high-growth SaaS companies, preferred
• Experience with Private Equity owned companies, preferred