Senior Accountant (Sr Controllership Analyst)

The future is what you make it. When you join Honeywell, you become a member of our global team of thinkers, innovators, dreamers and doers who make the things that make the future. That means changing the way we fly, fueling jets in an eco-friendly way, keeping buildings smart and safe and even making it possible to breathe on Mars. Working at Honeywell isn’t just about developing cool things. That’s why all of our employees enjoy access to dynamic career opportunities across different fields and industries. Are you ready to help us make the future?

The Senior Controllership Analyst role, as part of a Honeywell career advancement program, will be accountable for financial integrity and reporting of Long-Term Contract Accounting including oversight and analysis of financial results for global sites. This role will be responsible for driving consistency in accounting processes and controls and plays a key role in enhancing the global Project Accounting (PA) model providing accounting stewardship and support to all sites. The roles in this program will be offered targeted training and mentorship to support learning and exposure across various financial disciplines and Honeywell processes. Each step of the program will offer development experiences with the intent to offer career progression within the Honeywell Finance organization. 

The Senior Accounting Specialist (Senior Cost Accountant) will support the Cost Accounting function within the Phoenix RFC (Regional Finance Center) organization.

Responsibilities:

• Accountable for global financial analysis and review of percentage of completion projects (revenue impact from EAC changes and expired PO dates, direct margin trend, contract gains/losses)
• Routine accounting close tasks including review and quarterly testing of global Purchase Order (PO) accruals, global contract loss reserve adjustments, reconciliation of Unbilled and Deferred Revenue accounts for North America (NA), ad hoc journal entries and manual revenue adjustments
• Prepare monthly trend reports to ensure accounting controls function as designed (Over 100% Complete Projects, Expired PO List)
• Material contract reviews providing accounting guidance on revenue recognition treatment
• Reporting to Finance, Controllership, and Senior Management on significant and/or complex contracts with material financial statement impacts
• Analyze, account for, maintain, and work with Finance and Business Partners on complex contracts requiring additional oversight outside of normal processes
• Provide accounting oversight and guidance to regional PA experts
• Monitor global compliance with PA policies including EAC adjustments
• Drive timely closure of projects; calculate and communicate related revenue impact to Finance
• Respond to financial data and accounting treatment requests from Finance, Business Partners, Project Managers and Analysts; assist Finance in forecast accuracy initiatives
• Manage day-to-day work process and utilization of resources across the globe
• Provide project administration support to the order management team including financial review of initial project setup, project release/closure, and monitor project inconsistencies
• Prepare corporate reporting schedules and tax compliance packages for various balance sheet accounts
• Respond to audit requests and inquiries during periodic SOX and compliance testing
• Assist in implementation of new procedures and systems in response to new US GAAP pronouncements and corporate policy changes
• Assist in SAP go-live and Project Systems setup of new business acquisition, entity or change in structure
• Act as Project Accounting subject matter expert in support of special projects as required