External Reporting and Technical Accounting at Verizon: Become The Reliable Employee

Verizon is seeking an External Reporting and Technical Accounting Senior Manager to enhance its world-class Accounting organization. This role is vital for supporting the company’s active mergers and acquisitions function, ensuring efficient management of accounting information throughout various transactions. The position calls for a collaborative individual who can drive value for stakeholders while maintaining high standards in External Reporting and Technical Accounting.

Primary Responsibilities

The responsibilities for this External Reporting and Technical Accounting role include:

• Performing due diligence on potential acquisition targets to assess their financial health.
• Valuing intangible assets using methods such as the income approach and relief from royalty method.
• Conducting fixed asset verification to ensure accuracy in financial reporting.
• Reviewing third-party valuation reports for accuracy and reasonableness during the External Reporting and Technical Accounting process.
• Preparing purchase accounting models to track fair value adjustments and required journal entries.
• Coordinating accounting activities with both the target company and Verizon’s internal accounting teams.
• Reconciling the purchase price to funds flow and ensuring all financial aspects align.
• Preparing technical memos that clarify the nature of acquisitions and the required fair value adjustments for External Reporting and Technical Accounting.
• Planning and conducting audits of working capital and merger considerations.
• Supporting the preparation and audit of carve-out financial statements, if applicable.
• Assisting in external reporting and audit processes, particularly for significant transactions.

Work Environment

This position offers a hybrid work environment, allowing for a combination of remote work and in-office collaboration. Employees are expected to work a minimum of eight days in the office each month, fostering teamwork while also accommodating flexibility.

Quick Application Process

Interested candidates can expect a straightforward application process that includes the following steps:

1. Create an account or sign in to the application portal.
2. Provide personal information and detail relevant work experience.
3. Answer application questions as prompted.
4. Submit any voluntary disclosures required by the company.
5. Self-identify to enhance the hiring process.
6. Review your application before submission.

Steps to Apply

• Apply Now: Make sure your qualifications align with the job requirements before submitting your application for the External Reporting and Technical Accounting position.
• Assessments: Be prepared to complete one or more assessments to gauge your fit for the role.
• Interview: Expect multiple interviews to showcase your skills and experience in External Reporting and Technical Accounting.
• Conditional Job Offer: If selected, you will receive a conditional job offer and further instructions on joining the team.
• Background Check: Complete necessary onboarding actions, including a background check.

Responsibilities of an External Reporting and Technical Accounting Senior Manager

In this position, you will be expected to support the mergers and acquisitions function while ensuring that Verizon's accounting practices are compliant and effective. Your role in External Reporting and Technical Accounting will be instrumental in facilitating smooth financial operations across the company.

Key Responsibilities of an External Reporting and Technical Accounting Senior Manager

• Manage various accounting projects related to mergers and acquisitions, focusing on External Reporting and Technical Accounting standards.
• Ensure compliance with FASB and SEC regulations, as well as Generally Accepted Accounting Principles (GAAP).
• Communicate effectively with stakeholders regarding transaction details and accounting impacts in the context of External Reporting and Technical Accounting.

Career Advancement

Verizon is dedicated to fostering career growth for its employees. In this External Reporting and Technical Accounting role, you will have access to numerous training and development opportunities designed to expand your skills and support your career progression within the company.

Qualifications for the Position

Essential Qualifications

To be eligible for this position, candidates must meet the following criteria:

• A Bachelor’s degree in Accounting or a related field.
• Six or more years of relevant work experience in accounting.
• Knowledge of FASB, SEC requirements, GAAP, and accounting best practices, particularly in External Reporting and Technical Accounting.
• Familiarity with key valuation concepts and their applications.
• Proficiency in Microsoft Office, particularly Excel and PowerPoint.

Even Better If You Have

• Experience in mergers and acquisitions.
• Background in internal or external audits.
• A Master’s degree in Business Administration, Accounting, or Finance.
• CPA or CFA certification.
• Strong management skills and attention to detail.

Benefits of Working at Verizon

Verizon offers a comprehensive benefits package designed to support both career and personal well-being. This includes:

Overview of Employee Benefits

• Health and wellness programs to promote overall health.
• A 401(k) Savings Plan with stock incentive options for retirement planning.
• Paid time off and parental leave policies to enhance work-life balance.
• Tuition assistance for ongoing education and professional development, especially relevant for those in External Reporting and Technical Accounting.

Commitment to Diversity

Verizon is committed to creating a diverse and inclusive environment. The company recognizes that diverse perspectives enhance its workforce and drive innovation.

Key Diversity Initiatives

Verizon promotes various initiatives to foster an inclusive culture where every employee feels valued and empowered to contribute their best.

Conclusion

If you’re an experienced accounting professional looking to make an impact in a dynamic environment, consider applying for the External Reporting and Technical Accounting Senior Manager position at Verizon. With a commitment to innovation, competitive compensation, and a supportive work culture, this role offers an excellent opportunity for career growth and professional development in External Reporting and Technical Accounting.

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