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Director, Revenue Accounting

International Game Technology

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De Statewide, DE
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Job Description

As posted by the hiring company

Job Overview:

IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.

Responsibilities

IGT’s Digital & Betting organization, PlayDigital, is looking for a Director of Revenue Recognition to lead and direct the revenue recognition and order to cash processes. This role is responsible for the consistent application of revenue recognition policies, procedures, and controls. This is a critical and high-profile role that will work closely with sales, operations, legal, and finance to provide technical revenue recognition input and expertise on optimal deal structuring and revenue modeling. This position reports to the PlayDigital Controller and is located in Providence, RI.
The ideal candidate will have a strong working knowledge of US GAAP (ASC 606) and direct experience leading the full revenue and receivables accounting process. They will possess strong organizational, communication and management skills. The candidate will be self-motivated with strong technical accounting and reporting skills, who is passionate about delivering quality results and driving continual improvement in a dynamic, high-growth environment. The successful candidate is a competent individual with integrity, accountability, strong interpersonal skills, and a team player. The position requires a “hands on” person who is flexible, hard-working and able to work well under pressure.

RESPONSIBILITIES:

  • Lead review of customer contracts to ensure consistent application of revenue recognition policies in accordance with US GAAP (ASC 606)
  • Partner with sales, operations, legal, and finance during contract negotiations and provide suggestions and assistance in revenue recognition optimization
  • Perform technical accounting research and prepare accounting position papers documenting rationale and conclusions
  • Oversee and direct the revenue and receivables monthly close activities and account reconciliations including contract assets/liabilities and accounts receivable/reserves
  • Oversee all aspects of revenue and receivables function including, review of new contracts, invoicing, cash application, reconciliation of billed and unbilled AR, cash flow optimization, and credit loss reserves
  • Build, train and develop the revenue and receivables accounting team of 5 full-time employees
  • Lead revenue and receivables SOX internal control implementation readiness, including documentation of controls and process narratives, identification of control gaps and risks, and implementation of effective internal controls
  • Oversee and direct process improvement initiatives, finding solutions to complex billing, revenue and accounts receivable issues
  • Support annual/quarterly audit process and lead/assist with special projects as necessary

Qualifications

  • Bachelor's degree in accounting, finance or related field of study
  • CPA certification or equivalent
  • 8-10+ years of relevant accounting experience with strong understanding of US GAAP/ASC 606 accounting principles as they relate to revenue and receivables
  • Ability to clearly and concisely document and effectively communicate complex accounting and reporting issues to finance and non-finance personnel
  • Ability to work independently in a fast-paced environment, meet deadlines, multi-task efficiently and manage individuals
  • Strong communication skills, both verbal and written, and the ability to effectively interact with senior management and individuals with varying degrees of financial knowledge
  • This description is a summary of principal responsibilities and is not intended to include all duties which may be assigned.

Keys to Success

• Building collaborative relationships
• Decision making
• Drive results
• Foster innovation
• Personal energy
• Self-leadership

#LI-KM1

#LI-REMOTE

IGT is committed to sustaining a workforce that reflects the diversity of the global customers and communities we serve, creating a fair and inclusive culture that enables all our employees to feel valued, respected and engaged. IGT is an equal opportunity employer. We provide equal opportunities without regard to sex, race, color, religion, age, national origin or ancestry, disability, veteran status, sexual orientation, genetic information, gender identity or expression, and any other personal attributes protected by federal, state, or other laws. We thank all applicants for applying; however, only those selected to interview will be contacted.
In addition to our competitive benefits package, we offer employees a 401(k) Savings Plan with Company contributions, tuition reimbursement, and free identity theft insurance.
IGT (NYSE: IGT) is the global leader in gaming. For more information, please visit www.igt.com.