Director of Accounting

The Senior Director of Margin Accounting and Reporting is responsible for margin accounting close and reporting functions for Lumen s North America region and reports to the Vice President, Assistant Controller. This individual leads revenue and network expense accounting teams and interfaces with Business and Corporate Finance, Tax, External Reporting, Intercompany Accounting, Customer Financial Services/Billing, Revenue Assurance, Network Expense Operations, Access Management, Financial Intelligence, Technical Accounting, regional accounting teams, internal and external auditors, and individuals at multiple levels and locations. This position manages a large team and engages with numerous stakeholders to achieve results.

The Main Responsibilities

• Provide leadership and guidance for margin accounting close and reporting processes, including monthly journal entries, management reporting packages and account reconciliations.
• Support Business and Corporate Finance teams and other stakeholders in analysis of revenue and network expense related transactions and variances to budget.
• Champion process improvements and automation initiatives to reduce manual work within margin accounting and reporting functions, specifically during periodic close cycles.
• Ensure effective design and operation of internal controls over revenue and network expense accounting and reporting and related estimates and support control testing activities conducted as part of Lumen s internal SOX compliance program.
• Support External Reporting team to provide accurate and reliable information required for external reporting and disclosures as well as deliverables and activities for the external audit.
• Drive execution of accounting policies and technical accounting recommendations as pertains to revenue recognition, lessor accounting, credit losses on customer receivables, non-monetary exchange transactions, contingencies (disputes and settlements) and any related estimates.
• Provide leadership and strategic guidance to support critical projects and programs, including but not limited to: system consolidation and/or upgrades, margin and customer/vendor reporting fidelity, product initiatives and integration, management and/or external reporting changes and improvements, and regulatory and tax compliance needs.
• Lead margin accounting activities related to any acquisition or divestiture transactions, as required.
• Address technical accounting matters associated with material or non-standard contracts and settlements and review supporting memos with recommended accounting treatment.
• Provide clear and 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 margin accounting.
• Develop and coach accounting team members to ensure appropriate understanding and application of accounting guidance and Lumen-specific policies and practices.

What We Look For in a Candidate

• CPA required with extensive operational and technical accounting experience (including, but not limited to: ASC 606, ASC 842, ASC 326 and ASC 830) and thorough understanding of Sarbanes-Oxley requirements and application to margin-specific risks and controls.
• Demonstrates a high degree of technical accounting knowledge and an ability to understand transaction flows through multiple systems.
• Able to manage a large team and drive execution on multiple priorities concurrently and work collaboratively across the entire organization, including with executive leadership.
• Knowledge of accounting systems and processes, with strong project management and interpersonal skills.
• Excellent verbal and written communication skills for discussion of significant accounting and process issues with senior leadership and financial impacts of significant commercial transactions.
• Continuous improvement mindset, with a focus on problem-solving and challenging the status quo.