Associate Director, Commercial Engines Technical Accounting (Remote)

RTX•US-CT-REMOTE, CT

9d•$157,200 - $298,800•Remote

About The Position

Pratt & Whitney, a world leader in aircraft engines and auxiliary power systems, has an immediate remote opportunity for an Associate Director, Commercial Engines Technical Accounting. This role involves collaborating with Commercial Engines Campaign Finance and Legal teams to review customer offerings and conclude on accounting implications for new business campaigns and contract restructurings. The position requires researching, evaluating, and documenting technical accounting conclusions for complex contractual terms, particularly concerning revenue recognition, contract modifications, lease accounting, warranty, and collaboration accounting. The Associate Director will also review business cases to ensure appropriate accounting modeling, engage with Commercial Engines FP&A on forecasting, communicate accounting conclusions to senior leadership, and support approval processes for campaigns and contract modifications. Additionally, the role involves establishing a framework for critical considerations to operationalize complex accounting matters for non-accounting stakeholders, participating in process improvements, and managing activities in accordance with accounting principles and standards for financial resource control and policy compliance. Support for internal and external audits is also a key responsibility.

Requirements

Bachelor’s degree in accounting and 12+ years of experience in accounting or finance; OR an advanced degree in accounting and 10+ years of experience in accounting or finance.
CPA certification.
Strong technical accounting background with a thorough knowledge of US GAAP and SEC regulations and extensive practical experience in the application of accounting concepts, including revenue recognition, collaborations, leasing, goodwill, intangible assets, internal use software, and business combinations.
Strong quantitative and qualitative analytical and problem-solving skills, including technical research.
Excellent written and oral communication skills; ability to clearly and concisely document and effectively communicate complex accounting issues to both Finance and Non-Finance personnel.
Ability to successfully manage multiple projects with competing priorities and tight deadlines.
Ability to work with cross-functional teams, domestically and internationally.
Intermediate to advanced excel skills.
Proactive, detail oriented, and able to work independently.
Broad management and leadership knowledge to lead project teams.

Nice To Haves

Big 4 audit or advisory experience is strongly preferred.
Strong understanding of General Accepted Accounting Principles (GAAP) with expert knowledge and practical experience in topics such as revenue recognition, leases and collaborations.
Public accounting experience.
Must be able to communicate and present information to senior and executive leadership.
Strong attention to detail.
MS Office Suite experience.
Master’s degree in Accounting or MBA.
Aerospace industry experience.
Experience with business cases or financial models.
SAP, OneStream and / or HFM experience.

Responsibilities

Collaborate with the Commercial Engines Campaign Finance and Legal teams to review customer offerings to conclude on accounting implications – both new business campaigns and contract restructurings.
Research, evaluate and document technical accounting conclusions for complex or non-standard contractual terms most frequently pertaining to revenue recognition, contract modifications, lease accounting, warranty and collaboration accounting.
Consider prior deals and consistency of interpretations and interactions with other contractual terms.
Review business cases to validate the appropriate accounting has been modeled and engage with Commercial Engines FP&A on forecasting for the transactions.
Communicate accounting conclusions to senior leadership.
Support the Commercial Engines Campaigns Finance and Legal teams to confirm approval requirements for campaigns or contract modifications and facilitate obtaining the approvals.
Establish a framework for critical considerations to support the operationalization complex accounting matters for non-accounting stakeholders.
Participate in process improvements, reporting enhancements and special projects as needed.
Manage and analyze activities in accordance with accounting principles and standards to control financial resources and compliance with company policies.
Support internal and external audits for process compliance and timely completion.