Siemens Healthineers · 16 hours ago
Head of Contract Accounting (Hybrid)
Malvern, PA
Full-time, Contract
Hybrid
Director/Executive
$144K/yr - $198K/yr
10+ years expSiemens Healthineers is a leader in medical technology, dedicated to pioneering breakthroughs in healthcare. The Head of Contract Accounting will lead a team responsible for ensuring the accuracy of financial data related to contracts, managing month-end closing processes, and driving improvements throughout the contract lifecycle.
Health CareHealth DiagnosticsMedicalMedical Device
Responsibilities
Manage a team under your direct leadership to ensure accuracy on financial records/internal controls, support internal and external auditors, and guidance for teams to solve complex SAP and business accounting related challenges
Actively support the implementation of a new SAP platform (P58), with particular focus on financial data migration and reconciliation, fixed assets controls and subledgers, ensuring adequate migration of business balance sheet and P&L accounts
Tracking a large portfolio of customer contracts over their lifecycle to properly forecast and account for financial impacts on company books and records. Special emphasis will be on mid-term events (such as early termination and contract refinance) and end of term (contract renewals and terminations) to ensure these activities meet corporate financial objectives
Using deep knowledge of SAP P40 CLM module to identify the root causes of issues and coordinate IT enhancement to ensure the accuracy of contract value flows
Knowledge of advanced accounting principles, including Multiple Element Arrangements (“MEA” – IFRS 15), Contract Combinations, and Leasing (IFRS 16) in the medical device industry
Ensure timely and accurate monthly accounting postings, financial reporting for all business balance sheet and P&L accounts related but not limited to fixed assets, contract assets and liabilities, leasing specific accounts, and revenue recognition
Reconcile general ledger postings by contract to the SAP P40 CLM module ensuring reporting accuracy of Balance Sheet and P&L, as well as preparation of complex monthly account reconciliations. In-depth analysis of various contract types, product segments, and sales zones as required
Ensure proper controls and documentation are in place to fulfill Internal Control requirements
Prepare management summaries of financial impacts driven by changes in business strategy or accounting policy or other ad hoc analyses as required
Main contact for internal and external auditors for relevant business accounting and internal controls topics, such as revenue recognition, leasing operations, fixed assets, amongst others
Contribute to cross-functional projects with accounting and financial expertise to enhance business efficiency and performance, including digitalization initiatives
Provide analytical support for New Business and Sales Promotions
Ensure timely filing of Personal Property taxes for the Portfolio of Operating Lease Fixed Assets and oversee the subsequent customer reimbursement
Qualification
Required
Minimum of 10 years related professional experience with accounting and leasing operations
Advanced accounting knowledge, including Multiple Element Arrangements (“MEA” – IFRS 15), Contract Combinations, and Leasing (IFRS 16)
Demonstrate technical and analytical skills and proficiency with SAP functionality and knowledge of accounting guidelines
Ability to perform Contractual Pricing, Discounted Cash Flow (DCF) & PV/FV analyses
Familiarity with commercial and lease contract documentation
Experience in Portfolio Sales, Acquisitions and Servicing
Experience with end of contract term Asset Management and Remarketing initiatives
Strong people skills with ability to influence, motivate and develop team
Ability to work in a fast paced and dynamically changing environment
Possess strong organizational skills and ability to drive change management
Benefits
Medical insurance
Dental insurance
Vision insurance
401(k) retirement plan
Life insurance
Long-term and short-term disability insurance
Paid parking/public transportation
Paid time off
Paid sick and safe time
Company
Siemens Healthineers
Siemens Healthineers is a healthcare technology company that provides diagnostic and therapeutic products and services. It is a sub-organization of Siemens.
10001+ employees
H1B Sponsorship
Siemens Healthineers has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (104)
2024 (70)
2023 (64)
2022 (89)
2021 (50)
2020 (86)
Funding
Current Stage
Public CompanyTotal Funding
$2.76BKey Investors
Ontario Together Fund
2021-05-25Grant· $2.5M
2021-03-25Post Ipo Equity· $2.76B
2018-03-16IPO
Leadership Team
Enno Nehrbass
SVP / Head of Strategy & Collaboration Mgmt Diagnostic Imaging
Anton Ebert
Technology Focus Topic Lead - Digital Twinning
Recent News
2026-01-21
Company data provided by crunchbase