Director, Revenue Accounting

Work Flexibility: Hybrid

The Director, Revenue Accounting is a key leader for the Medical Division.  This position will lead our global revenue accounting operations for the Medical Division, with an emphasis on software revenue recognition and standalone sell price allocation.  This key role will provide leadership, support to the business, and day-to-day management and oversight of all aspects relating to revenue accounting.  This is a great opportunity for someone passionate about influencing through change to achieve results and are motivated by the challenge of a dynamic, high-growth environment.  This position reports to the VP, Finance. This position partners closely with corporate technical accounting as well as compliance teams.  This person is responsible for building and developing a team within our Medical Finance function to provide excellent service levels to the division, delivering on month-end close responsibilities, maintaining internal controls, and providing technical accounting guidance for complex transactions.

Primary responsibilities for this position include, but are not limited to, the following:

• Partner effectively with the Commercial leadership team to drive bookings and revenue goals through strategic decision making while ensuring compliance with internal policies and GAAP

• Key member of the finance leadership team. Goals will include partnering with the business, accurately reporting revenue, and driving value creation for the business

• Build, manage, and develop revenue accounting team that serves the Medical division to perform complex accounting. Strategically design and adjust team structure as needs evolve

• Attracts, develops, engages, and aligns talent in the Revenue Accounting department, including importing and exporting talent throughout Stryker

• Own the development and implementation of revenue policies (within the confines of the Stryker revenue recognition policy) and procedures including review of contracts to ensure proper revenue recognition

• Oversee accounting research and implementation of new revenue accounting standards and ensure all policies are documented and applied globally

• Drive the month and quarter-end close processes for the revenue team while supporting FP&A in building bookings and revenue forecasts

• Primary responsibilities for this position include, but are not limited to, the following:

• Partner effectively with the Commercial leadership team to drive bookings and revenue goals through strategic decision making while ensuring compliance with internal policies and GAAP

• Key member of the finance leadership team. Goals will include partnering with the business, accurately reporting revenue, and driving value creation for the business

• Build, manage, and develop revenue accounting team that serves the Medical division to perform complex accounting. Strategically design and adjust team structure as needs evolve

• Attracts, develops, engages, and aligns talent in the Revenue Accounting department, including importing and exporting talent throughout Stryker

• Own the development and implementation of revenue policies (within the confines of the Stryker revenue recognition policy) and procedures including review of contracts to ensure proper revenue recognition

• Oversee accounting research and implementation of new revenue accounting standards and ensure all policies are documented and applied globally

• Drive the month and quarter-end close processes for the revenue team while supporting FP&A in building bookings and revenue forecasts

• Serve as a core team member for strategic initiatives (potential M&A, operating plans, profitability analysis)

• Function as subject matter expert on ASC 606, with special emphasis on software revenue recognition.

• Research GAAP and apply to transactions as needed. Document assessments and conclusions in accounting position memos.

• Operates with honesty and integrity which is consistent with Stryker’s values, and sets cultural expectations throughout the organization

Qualifications:

• Bachelor’s Degree in Accounting or Finance required

• CPA Certification or equivalent preferred

• 10+ years of experience, with leadership and specific complex revenue recognition analysis experience highly preferred

• Thorough comprehension and working knowledge of U.S. GAAP revenue recognition rules. Experience with ASC 606

• Deep understanding and demonstrated experience in proper revenue accounting processes under current revenue recognition methodologies for software, hardware, and multiple arrangements

• SAP and RevPro experience is hig