Responsibilities

At Verizon, we innovate constantly to help the biggest names in business do business – quicker and smarter. It takes vision. It takes focus. And we apply both every bit as much to the way we do business too. The brightest minds, the latest technologies and pioneering processes are combining to enhance this critical business function at our Center for Excellence. We’re finding new ways to add value and provide strategic support. This is the kind of work we do. And you can be part of it.

Join the Verizon Finance Team - a world-class global organization & valued business partner in driving decisions that increase revenues, drive operational efficiencies and maximize shareholder value.

This position is responsible for Purchase accounting and reports to a Purchase Accounting Manager within the Controlling & Reporting group. Primary responsibilities will be to assist the manager with the operations of the department as a subject matter expert.

- Performs complex analytical assignments and prepares accounting related treatment related to purchase accounting, including Wireless Spectrum acquisitions, key investments or divestitures.
- Participate in complex accounting projects including the accounting development and integration of new acquisitions, JVs, and other business relationships.
- Provides subject matter expertise on Generally Accepted Accounting Principles to support the proper accounting treatment for business transactions.
- Engages the General Ledger team and establish priorities for project management of related initiatives including impact on systems.
- Reviews the monthly balance sheet account reconciliations for Purchase Accounting related accounts.
- Uses their financial and accounting experience and acumen to analyze and interpret data and to make any recommendations on possible courses of action as appropriate.
- Effectively engages the team to successfully complete multiple and diverse deliverables; is accountable for the related accounting treatment, completeness and accuracy of the work product. Assists in establishing required linkages to the global Finance organization.
- Ensures the accurate compilation, analysis and reporting of financial data.
- A further key responsibility of this position is to identify opportunities to increase the leveraging of systems and applications by the user community to enhance business systems optimization for the overall process to minimize manual workaround and standalone systems. Value is provided to the enterprise by constantly identifying improvements to accounting processes in order to provide timely, accurate information and to ultimately safeguard enterprise assets.
- Contributes to the formulation of the overall management strategy of the Accounting organization.
- Identifies and drives improvement opportunities for Accounting and works closely with either internal teams or service providers (if any) to ensure improvement opportunities are implemented.
- Assist in assessing the services delivered by the service providers (if any) and validating that performance metrics established by service level agreements are met as applicable and that Service Level Agreements are aligned with organizational goals and objectives. As the primary point of contact, provide direction and policy interpretation to third party service providers as needed.
- Responsible for escalations from internal customers and responses to customer inquiries, ensuring issue and error resolution while analyzing issue drivers and taking mitigating actions.
- Ensures adequate controls are in place over financial processes and results.
- Ensures compliance and adherence with controls for internal policies and external regulations.
- Plans and structures work activities and sets deadlines. Subsequently monitors progress on tasks.
- Ensures the accurate compilation, analysis and reporting of financial data.
- Participates in the budgetary process by determining acceptable staffing levels, establishing departmental budgets, etc.

 

Qualifications

- Requires BA/BS in Accounting, Finance or equivalent work experience.
- Master's in Business Administration, Accounting, Finance, Economics, or equivalent preferred.
- 6+ years of Professional Experience.
- Employees/Candidates with professional certification (e.g. CPA, CMA) are preferred.
- Experience in the preparation of General Ledgers, Basic Knowledge of FASB requirements, Generally Accepted Accounting Principles.
- Strong IT technical knowledge including billing systems experience
- Proficiency in Microsoft Office, especially in Excel; attention to detail; strong written and oral communications skills.
- Strong knowledge of FASB and SEC requirements, Generally Accepted Accounting Principles, tax reporting and accounting practices. Basic knowledge of International Financial Reporting Standards.
- Advanced understanding of report query and design.
- Working knowledge of accounting systems and applications including SAP, Peoplesoft, CPM/Essbase, Hyperion Financial Management, and Blackline.
- Demonstrated experience in continuous improvement initiatives, root cause analysis and project management is preferred.

Our business is fuelled by our passion for delivering unprecedented results for customers in over 52 countries. Throughout the world, we’re helping to create a better future – transforming how doctors battle cancer, rescue workers save lives, and people, businesses and communities interact with one another. If you have the drive, talent, energy and commitment to join over 180,000 like-minded people who are unlocking this positive potential of technology, we’ll support you every step of the way. Whether that’s through competitive compensation, award-winning training, or benefits so comprehensive we call them Total Rewards.

Start creating powerful answers today. 

 

 

Equal Employment Opportunity

  • Verizon is a Federal Contractor
  • Verizon requests veteran priority referrals
  • Verizon is an equal opportunity and affirmative action employer M/F/Disability/Vet.

Equal Employment Opportunity

We are an equal opportunity employer m/f/d/v.