Head of Contract Accounting (Hybrid)

Join us in pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

Our inspiring and caring environment forms a global community that celebrates diversity and individuality. We encourage you to step beyond your comfort zone, offering resources and flexibility to foster your professional and personal growth, all while valuing your unique contributions.

Takes responsibility for all general, and overarching and non-specialized financial matters, in order to ensure the achievement of strategic and business goals and target indicators.

This position will lead a team responsible for Contract Accounting for the U.S. in-vitro business (Diagnostics), ensuring accuracy of books and records and high quality of contract financial data, perform contract accounting for month, quarter and year end closing, prepare and collaborate on financial reporting (financial disclosures), and driving process improvements over the contract’s lifecycle. 

The Sr. Manager of Finance leads a team and will work closely with internal and external stakeholders to resolve issues and improve the transparency of customer contracts.

Responsibilities include:

• Manage a team under your direct leadership to ensure accuracy on financial records/internal controls, support internal and external auditors, and guidance for teams to solve complex SAP and business accounting related challenges.
• Actively support the implementation of a new SAP platform (P58), with particular focus on financial data migration and reconciliation, fixed assets controls and subledgers, ensuring adequate migration of business balance sheet and P&L accounts.
• Tracking a large portfolio of customer contracts over their lifecycle to properly forecast and account for financial impacts on company books and records. Special emphasis will be on mid-term events (such as early termination and contract refinance) and end of term (contract renewals and terminations) to ensure these activities meet corporate financial objectives.
• Using deep knowledge of SAP P40 CLM module to identify the root causes of issues and coordinate IT enhancement to ensure the accuracy of contract value flows.
• Knowledge of advanced accounting principles, including Multiple Element Arrangements (“MEA” – IFRS 15), Contract Combinations, and Leasing (IFRS 16) in the medical device industry.
• Ensure timely and accurate monthly accounting postings, financial reporting for all business balance sheet and P&L accounts related but not limited to fixed assets, contract assets and liabilities, leasing specific accounts, and revenue recognition.
• Reconcile general ledger postings by contract to the SAP P40 CLM module ensuring reporting accuracy of Balance Sheet and P&L, as well as preparation of complex monthly account reconciliations.  In-depth analysis of various contract types, product segments, and sales zones as required.
• Ensure proper controls and documentation are in place to fulfill Internal Control requirements.
• Prepare management summaries of financial impacts driven by changes in business strategy or accounting policy or other ad hoc analyses as required.
• Main contact for internal and external auditors for relevant business accounting and internal controls topics, such as revenue recognition, leasing operations, fixed assets, amongst others.
• Contribute to cross-functional projects with accounting and financial expertise to enhance business efficiency and performance, including digitalization initiatives.
• Provide analytical support for New Business and Sales Promotions.
• Ensure timely filing of Personal Property taxes for the Portfolio of Operating Lease Fixed Assets and oversee the subsequent customer reimbursement.

Required Knowledge/Skills, Education, and Experience:

• Minimum of 10 years related professional experience with accounting and leasing operations.
• Advanced accounting knowledge, including Multiple Element Arrangements (“MEA” – IFRS 15), Contract Combinations, and Leasing (IFRS 16).
• Demonstrate technical and analytical skills and proficiency with SAP functionality and knowledge of accounting guidelines.
• Ability to perform Contractual Pricing, Discounted Cash Flow (DCF) & PV/FV analyses.
• Familiarity with commercial and lease contract documentation.
• Experience in Portfolio Sales, Acquisitions and Servicing.
• Experience with end of contract term Asset Management and Remarketing initiatives.
• Strong people skills with ability to influence, motivate and develop team.
• Ability to work in a fast paced and dynamically changing environment.
• Possess strong organizational skills and ability to drive change management.

Who we are: We are a team of more than 72,000 highly dedicated Healthineers in more than 70 countries. As a leader in medical technology, we constantly push the boundaries to create better outcomes and experiences for patients, no matter where they live or what health issues they are facing. Our portfolio is crucial for clinical decision-making and treatment pathways.

How we work: When you join Siemens Healthineers, you become one in a global team of scientists, clinicians, developers, researchers, professionals, and skilled specialists, who believe in each individual’s potential to contribute with diverse ideas. We are from different backgrounds, cultures, religions, political and/or sexual orientations, and work together, to fight the world’s most threatening diseases and enable access to care, united by one purpose: to pioneer breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

To find out more about Siemens Healthineers businesses, please visit our company page here.

The base pay range for this position is:

$143,900 - $197,868

Factors which may affect starting pay within this range may include geography/market, skills, education, experience, and other qualifications of the successful candidate.

If this is a commission eligible position the commission eligibility will be in accordance with the terms of the Company's plan. Commissions are based on individual performance and/or company performance.

The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, dental insurance, vision insurance, 401(k) retirement plan. life insurance, long-term and short-term disability insurance, paid parking/public transportation, paid time off, paid sick and safe time.

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