Manager of Revenue Technical Accounting, Colorado

Company: Lumen
Location: Broomfield
Posted on: April 10, 2021

Job Description:

About Lumen

Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With 450,000 route fiber miles serving customers in more than 60 countries, we deliver the fastest, most secure global platform for applications and data to help businesses, government and communities deliver amazing experiences. Learn more about Lumen's network, edge cloud, security and communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com, LinkedIn: /lumentechnologies, Facebook: /lumentechnologies, and YouTube: /lumentechnologies.
The Role
This position supports Lumen's global technical accounting matters related to revenue recognition, ensuring that all accounting policies and practices associated with revenue and related financial account balances are in accordance with U.S. generally accepted accounting principles (U.S. GAAP). Activities for this role include maintaining a thorough understanding of current accounting pronouncements and emerging issues (including Accounting Standards Codification ("ASC") 606, 842, and 326), acquiring and reviewing "non-standard" contracts, applying the appropriate accounting guidance when preparing accounting memos (prescribing specific/detailed accounting treatment for customer and lessor contracts and incorporating into the Company's revenue recognition policies as needed), presenting prescribed accounting treatments (technical memos) to the Senior Director of Revenue Accounting and Reporting, Assistant Controller and Controller, maintaining a non-standard contract review and sign-off log, and guiding/training Revenue Accounting and regional accounting team members in the proper accounting for non-standard contracts (i.e. operationalizing the systems/processes/policies necessary for non-standard contract accounting).

The Main Responsibilities

• Provides clear, concise technical guidance on new and emerging accounting and reporting issues from regulatory bodies (FASB, AICPA, SEC, NAIC, and IASB) to internal business partners and management where there are implications for Lumen revenue accounting.
• Leads/assists business in implementing new requirements to facilitate proper revenue accounting treatment, including any changes in accounting principles, policies or estimates
• Provides technical accounting guidance to global business areas (NA, APAC, EMEA and LATAM) related to transactions and/or other relevant circumstances or events. Areas of research may include but are not limited to: M&A activity, complex investment/sale transactions, capacity and exchange agreements, and evaluation of appropriate accounting for long-term contracts or amendments thereto
• Responsible for collaborating with the SEC Reporting and Business Process teams to update accounting policies and Lumen's technical research database for recent developments and research work performed What We Look For in a Candidate
  • Certified public accountant (CPA) required (with an active license preferred).
    • Has a strong understanding of current U.S. GAAP and SEC financial reporting requirements (including ASC 606, 842 and 326 requirements) and familiarity with IFRS financial reporting requirements, with comprehensive knowledge and experience with revenue recognition, lease and credit loss accounting concepts and guidance.
    • Has strong analytical skills and excellent written and verbal communication skills, and is able to clearly and articulately present the company's views and opinions to internal contacts as well as auditors and other external contacts.
    • Is deadline-focused with the ability to understand how the details impact the overall reporting. Self-motivated with the ability to work in a fast-paced environment and learn new systems and reporting tools.
    • Should have a high level of integrity and ability to work effectively in a cross-functional, team-oriented environment to achieve desired results.
    • Is able to use wide-ranging experience and specialized knowledge of technical principles, theories, and concepts in the area of revenue recognition to resolve highly unique and complex business and accounting issues in creative ways. Experience/Education
      • 6 yrs (with at least 3 years of public accounting experience)
      • Education Level: Bachelor's Degree
      • Field of Study: Accounting Requisition #: 248113
        
        When applying for a position, you may be subject to a background screen (criminal records check, motor vehicle report, and/or drug screen), depending on the requirements for the position. Job-related concerns noted in the background screen may disqualify you from the new position or your current role. Background results will be evaluated on a case-by-case basis.
        
        EEO Statement
        We are committed to providing equal employment opportunities to all persons regardless of race, color, ancestry, citizenship, national origin, religion, veteran status, disability, genetic characteristic or information, age, gender, sexual orientation, gender identity, marital status, family status, pregnancy, or other legally protected status (collectively, "protected statuses"). We do not tolerate unlawful discrimination in any employment decisions, including recruiting, hiring, compensation, promotion, benefits, discipline, termination, job assignments or training.
        
        Disclaimer
        The above job definition information has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Job duties and responsibilities are subject to change based on changing business needs and conditions.
        
        Salary Range
        Salary Min $71460 Salary Max $159120
        
        This information reflects the anticipated base salary range for this position based on current national data. Minimums and maximums may vary based on location. Individual pay is based on skills, experience and other relevant factors.
        
        This position is eligible for either short-term incentives or sales compensation. Director and VP positions also are eligible for long-term incentive. To learn more about our bonus structure, you can view additional information here. We're able to answer any additional questions you may have as you move through the selection process.
        
        As part of our comprehensive benefits package, Lumen offers a broad range of Health, Life, Voluntary Lifestyle and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing. You can learn more by visiting .
        
        Note: For union-represented postings, wage rates and ranges are governed by applicable collective bargaining agreement provisions.
        Salary Range Salary Min : 71460
        
        Salary Max : 159120
        
        This information reflects the anticipated base salary range for this position based on current national data. Minimums and maximums may vary based on location. Individual pay is based on skills, experience and other relevant factors.
        This position is eligible for either short-term incentives or sales compensation. Director and VP positions also are eligible for long-term incentive. To learn more about our bonus structure, you can view additional information here. We're able to answer any additional questions you may have as you move through the selection process.
        As part of our comprehensive benefits package, Lumen offers a broad range of Health, Life, Voluntary Lifestyle and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing. You can learn more by clicking here.
        Note: For union-represented postings, wage rates and ranges are governed by applicable collective bargaining agreement provisions.
        
        Salary Range Salary Min : 71460
        
        Salary Max : 159120
        
        This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.
        

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