Director, Revenue Accounting

Summary of Responsibilities

• Serve as the primary accounting subject matter expert for revenue recognition under ASC 606, including contract reviews, performance obligations, variable consideration, contract modifications, and related disclosures.
• Lead, develop, and manage the revenue accounting team, and lead cross-functional project teams as assigned.
• Partner with Project Finance to understand and evaluate the revenue recognition implications of measures of progress, estimate-at-completion reviews, cumulative catch-up adjustments, contract balances, change orders, and contract modifications.
• Own revenue-related disclosures, including disaggregation of revenue, contract balances, and remaining performance obligations, and support backlog, MD&A, and earnings materials.
• Monitor FASB standards, interpretive guidance, and industry practices; assess business impact and coordinate implementation activities.
• Prepare and review technical accounting memoranda, position papers, policies, and executive-level materials that clearly document judgments and conclusions.
• Partner with Commercial, Contracting, Operations, FP&A, Corporate Accounting, Legal, Tax, Treasury, and Internal Audit to evaluate the accounting implications of contracts, transactions, and business changes.
• Support quarterly and annual close and reporting cycles by resolving revenue related accounting matters and ensuring conclusions are reflected accurately and consistently.
• Coordinate with external auditors on revenue recognition matters, and audit documentation.
• Maintain and strengthen internal controls specific to revenue recognition and external reporting processes, including key reports and system data, system interfaces, SOX documentation, and remediation activities, as applicable.
• Develop training, tools, and practical guidance to improve accounting consistency and understanding across Finance and relevant business teams.
• Perform all other duties as needed or assigned.

Qualifications (Minimum Required)

• Bachelor's degree in Accounting, Finance, Business, or a related field.
• Certified Public Accountant (CPA) required, or an equivalent professional accounting certification required where applicable.
• Fortrea may consider relevant and equivalent experience and successful project outcomes in lieu of educational requirements.
• Deep knowledge of U.S. GAAP, ASC 606 revenue recognition, SEC accounting and disclosure requirements, SOX, and internal controls.
• Strong technical research, analytical, documentation, and communication skills, with the ability to convert complex accounting matters into clear recommendations.
• Proficiency with enterprise accounting, consolidation, reporting, and Microsoft 365 tools.

Experience (Minimum Required)

• Typically 8 or more years of progressive accounting, technical accounting, external reporting, audit, or controllership experience, including leadership responsibility.
• Significant experience applying ASC 606 to complex customer contracts and documenting revenue recognition conclusions.
• Public-company SEC reporting experience and direct involvement in quarterly and annual reporting cycles.
• Experience partnering with external auditors and supporting SOX control programs.
• Experience with contract-based or project-based revenue models and complex service arrangements.

Preferred Qualifications Include

• Big Four or large public accounting experience strongly preferred.
• Advanced degree in Accounting, Finance, Business, or a related discipline preferred.
• Experience in a complex, multinational, regulated, life sciences, healthcare, CRO, or professional services environment preferred.
• Experience with ERP (e.g., Workday), consolidation, close-management, revenue/project accounting, and external reporting systems preferred.