Technical Accounting Manager – #21509

Foster McKay; New Jersey; Hybrid; USD 125,000 - 165,000; Full time

Benefits offered by this job

Bonus potential

Health benefits

401(k) plan

Job summary

Foster McKay is seeking a Technical Accounting Manager to lead key technical accounting areas, including lease accounting under ASC 842, complex contract accounting, accounting research, and quarterly/annual financial reporting support. You will serve as a critical liaison across Accounting, FP&A, Legal, Treasury, Tax, and international finance teams to ensure U.S.

GAAP compliance and timely close. The role also supports emerging accounting issues, prepares technical memos, and drives

Qualifications

• 7+ years in Big 4 or pharmaceutical corporate accounting.
• Strong US GAAP knowledge and financial reporting experience.
• Experience with SOX controls and internal/external audits.

Responsibilities

• Lead lease accounting under ASC 842 and complex transaction accounting.
• Collaborate cross-functionally to ensure GAAP compliance across Finance, Legal, IT, Tax and international teams.
• Drive process improvements and SOX control design/documentation across technical accounting processes.

Skills

U.S. GAAP expertise

Revenue recognition

Financial reporting

Technical accounting

SOX compliance

Contract analysis

Analytical skills

Education

Bachelor's Degree in Accounting/Finance

Tools

Accounting systems

ERP systems

Job description

“Two roads diverged in a wood and I - I took the one less traveled by, and that has made all the difference.”

The Technical Accounting Manager will be responsible for leading key technical accounting areas, including lease accounting, complex contract accounting, accounting research, and quarterly/annual financial reporting support. This role serves as a critical liaison across Accounting, FP&A, Legal, Treasury, Tax, and international finance teams, ensuring appropriate application of U.S. GAAP, timely close processes, and audit-ready documentation. The position also supports emerging accounting issues, prepares technical memos, and drives consistency in accounting policies and processes across the organization.

What would I be doing?

Essential Functions

• Lead the accounting for complex transactions and executing critical quarterly and annual close activities. Responsibilities include owning all aspects of lease accounting under ASC 842 (including evaluating new and modified lease agreements, determining lease classification, maintaining the lease accounting system); leading the accounting for complex arrangements, including the preparation of recurring and non-recurring technical accounting memos; preparing journal entries and account reconciliations for technical accounting issues and repairing accounting analyses and supporting schedules for financial statement disclosures related to complex accounting matters, as needed.
• Partner cross-functionally with Finance (including India finance, FP&A, Treasury, and Tax), Legal, IT, and business stakeholders to proactively identify, assess, and resolve complex accounting and financial reporting matters while ensuring the consistent application of U.S. GAAP. This role serves as the technical accounting subject matter expert (SME) for the Company’s India-based finance organization by providing guidance on accounting conclusions, implementation of new accounting standards, and resolution of technical accounting issues.
• Lead continuous improvement initiatives to enhance the efficiency, scalability, and effectiveness of technical accounting processes and related internal controls. Partner with Finance, IT, and business teams to design, implement, and enhance SOX controls over new business processes, system implementations, and other transformational initiatives. Support SOX compliance by maintaining strong documentation, assisting with internal control design and execution, and responding to internal and external audit requests.
• Oversee Finance contract review process, coordination of agreement reviews, and timely routing of contracts to appropriate accounting and business stakeholders. This includes evaluating agreements for accounting implications, identifies technical accounting considerations, coordinates with Legal and business partners to resolve issues, and ensures accounting conclusions are appropriately documented prior to contract execution.

What would make me qualified?

Qualifications

• Education: Bachelors Degree (BA/BS) Accounting/Finance – Required.
• Experience: 7 years or more in Big 4 and/or corporate pharmaceutical industry experience.
• Specialized Knowledge: Strong understanding of GAAP and accounting theory. Possess a strong understanding of US GAAP, accounting systems, internal controls, financial reporting, and financial statement analysis.

Required Skills

• Strong technical accounting expertise, including U.S. GAAP, revenue recognition, financial reporting, and the preparation of clear technical accounting documentation.
• Demonstrated experience with internal controls, SOX compliance, and coordination with internal and external audit teams.
• Proven analytical and critical-thinking skills, with experience in financial analysis, forecasting, corporate finance, and mergers and acquisitions.
• Ability to review complex contracts, assess accounting implications, drive process improvements, and communicate conclusions effectively in writing.

Our client offers a short-term incentive opportunity, such as a bonus or performance-based award, with this position within the first 12 months. In addition, they offer a flexible and competitive benefits program for eligible positions with a choice of plans and coverage to meet your personal needs. This includes above-market, diverse and robust health and insurance benefits as well as a significant 401(k) matching contribution.

Somerset County (Hybrid - 3 Days in Office)