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Principal/Senior Technical Accountant-Leasing and Revenue Recognition COE Job

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Date: Mar 11, 2019

Location: Marlborough, MA, US, 01752

Company: Boston Scientific

Additional Locations: US-MN-Maple Grove



Purpose and Passion • Comprehensive Benefits • Life-Work Integration • Community • Career Growth

At Boston Scientific, you will find a collaborative culture driven by a passion for innovation that keeps us connected on the most essential level. With determination, imagination and a deep caring for human life, we’re solving some of the most important healthcare industry challenges. Together, we’re one global team committed to making a difference in people’s lives around the world. This is a place where you can find a career with meaningful purpose—improving lives through your life’s work.


About the role:

The Senior/PrincipalTechnical Accountant will be a key member of the Boston Scientific Center of Excellence for Leasing and Revenue Recognition. This team member will serve a critical role as a subject matter expert for both revenue recognition and lease accounting (ASC 606 and ASC 842, respectively) at Boston Scientific. Main responsibilities include collaborating with BSC’s global accounting teams to determine appropriate accounting treatment for certain transactions, researching applicable accounting guidance when complex revenue recognition and lease accounting matters arise, and presenting findings and accounting updates to the global business.


The position will have significant interaction with the Corporate Accounting & Consolidation, Divisional Finance, and Sourcing teams, and is highly visible to Corporate Accounting senior leadership (including the Corporate Controller).


Key responsibilities include:

  • Act as a liaison for the divisions and regions as specific revenue recognition and lease accounting questions arise
  • Collaborate with other members of the BSC Center of Excellence for Leasing and Revenue Recognition to determine the appropriate accounting for questions raised by the divisions and regions
  • Help to carry out company policies and procedures put in place as a result of the new revenue recognition standard (ASC 606)
  • Assist the business in the ongoing implementation of the new leasing standard (ASC 842)
  • Research, read, and analyze the applicable accounting guidance
  • Communicate accounting conclusions to the divisions and regions
  • Educate the global business on complexities in the accounting and key impacts beyond accounting
  • Leading ad-hoc technical accounting projects, as needed


What we’re looking for:


  • Bachelor’s degree in Accounting or equivalent experience and education
  • CPA required
  • Master’s degree a plus

Minimal requirements:

  • 3-6 years relevant experience in a medium to large public accounting firm (Big Four/Large Regional)
  • Prior experience in technical accounting and implementing ASC 606 strongly preferred
  • The successful candidate will need to exhibit the following skills:
    • Strong GAAP accounting knowledge, specifically focused on ASC 606 and ASC 842
    • Problem-solving skills and the ability to interpret and apply technical accounting literature
    • Ability to work autonomously and act in a consultative role
    • Outstanding verbal and written communication skills
    • Ability to work with cross-functional teams
    • Strong process and time management skills


** This position may be filled as a Senior Acountant or Principal Accountant depending on the final candidate's experience and expertise..  A Principal level position is the most senior level individual contributor position at Boston Scientific and equivalent to a manager level role.


Working @ Boston Scientific

  • Career Growth – We are focused on career growth with a strong track record of mentoring and developing our team to position individuals for a broad range of internal opportunities.
  • Community – Be part of a collaborative global team.  Locally, we also have fun! We host happy hours, schedule offsite events, volunteer within the community, organize a company softball team and much more!
  • Never a Dull Moment – Our Company continues to grow providing interesting and complex accounting and finance work.
  • State-of-the-Art Corporate Office – Just a few amenities of the Corporate office campus are an on-site day care offering discount tuition rates, a fitness center, outdoor athletic fields, access to 12.5 mile multi-use trail, on-site banking, and dry-cleaning services. Our Marlborough corporate office is our first site to receive Gold certification for its best-in-class green construction
  • Quality of Life – Summer hours and opportunities for flexible-work arrangements.
  • Other Amazing Perks! – 6% 401K match with immediate vesting, tuition reimbursement, and for Boston-area commuters, a free


About us

As a global medical technology leader for more than 35 years, our mission at Boston Scientific (NYSE: BSX) is to transform lives through innovative medical solutions that improve the health of patients. If you’re looking to truly make a difference to people both around the world and around the corner, there’s no better place to make it happen.


Boston Scientific is an Equal Opportunity Employer – Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Disability, Veteran


Requisition ID: 422388


Nearest Major Market: Boston

Job Segment: Medical, Revenue, Accounting, Medical Technology, Healthcare, Finance, Research