Director of Accounting - Revenue and Contracts

Scientific Games:

Scientific Games is the global leader in lottery games, sports betting and technology, and the partner of choice for government lotteries. From cutting-edge backend systems to exciting entertainment experiences and trailblazing retail and digital solutions, we elevate play every day. We push game designs to the next level and are pioneers in data analytics and iLottery. Built on a foundation of trusted partnerships, Scientific Games combines relentless innovation, legendary performance, and unwavering security to responsibly propel the global lottery industry ever forward.

Position Summary

Scientific Games is seeking a highly skilled and detail-oriented Director of Accounting - Revenue and Contracts to lead our revenue recognition and contract accounting functions. Reporting to the Global Controller, this role will be responsible for ensuring the accurate and timely accounting of revenue in accordance with relevant accounting standards and the proper accounting for contracts including contract assets, costs, and valuation of related inventory. The Director will provide guidance and oversight into complex revenue and contract accounting matters, develop and maintain related policies and procedures, and collaborate closely with sales, finance, legal, and other cross-functional teams.

Responsibilities:

• Oversee the application of relevant revenue recognition accounting standards (ASC 606 and IFRS 15) across all revenue streams. Ensure revenue is recognized in accordance with company policy and applicable regulations.
• Lead month-end and quarter-end close activities related to revenue, billing, and collections including reconciliations, journal entries, and variance analysis.
• Ensure timely and accurate preparation of revenue & inventory related reports, including deferred revenue, unbilled receivables, accounts receivable and other key revenue accounts.
• Manage the accounting for customer contracts, including the identification of performance obligations, allocation of transaction prices, and the timing of revenue recognition.
• Develop, implement, and maintain accounting policies and procedures related to revenue recognition and contract accounting. Ensure these policies are consistently applied across the organization.
• Provide technical accounting guidance on complex revenue and contract-related transactions. Research and interpret accounting standards and regulations to ensure compliance.
• Participate in the implementation and maintenance of systems and tools related to revenue recognition and contract management. Ensure data integrity and accuracy.
• Establish and maintain strong internal controls over the revenue and contract accounting processes. Ensure compliance with Sarbanes-Oxley (SOX) requirements, as applicable.
• Lead and support the external audit process related to revenue and contracts, providing necessary documentation and explanations.
• Partner closely with sales, legal, finance, business development, and other departments to ensure proper accounting treatment for customer contracts and revenue arrangements.
• Build, mentor, and lead a high-performing revenue accounting, billing and collections team (including the Shared Services team in India), providing guidance on complex revenue accounting issues and ensuring a collaborative, growth-oriented environment.
• Develop and maintain training programs to support the team’s understanding and execution of policies and controls.
• Participate in due diligence and integration activities related to mergers and acquisitions from a revenue and contract accounting perspective.
• Monitor and analyze changes in accounting standards and regulations related to revenue recognition and contracts and assess their impact on the company.

Qualifications

·         Bachelor's degree in Accounting or a related field with an active CPA license required. A Master's degree is highly preferred.

·         Minimum of 8 years of progressive accounting experience, with significant experience in revenue recognition and contract accounting.

·         In-depth knowledge of U.S. GAAP, specifically ASC 606 (Revenue from Contracts with Customers).

·         Strong understanding of contract terms and their accounting implications.

·         Ability to work independently and manage multiple priorities in a fast-paced environment

·         Ability to work with and influence internal and external customers to resolve exception items and achieve organizational objectives on an expedient basis

·         Established ability to build new processes and workflows as needed

·         Proven success at identifying and documenting key performance and risk indicators and can develop meaningful and insightful management dashboards and reporting

·         Self-motivated and creative problem-solver

·         Experience with Oracle and other revenue recognition software.

·         Excellent analytical, problem-solving, and technical accounting skills.

·         Strong communication, interpersonal, and presentation skills.

·         Demonstrated leadership and team management abilities.

·         Comfort with AI and a proactive approach to leveraging AI-driven solutions in daily operations

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit, stand, walk, bend, use hands, operate a computer, and have specific vision abilities to include close and distance vision, and ability to adjust focus working with computer and business equipment.

Work Conditions

Scientific Games, LLC and its affiliates (collectively, “SG”) are engaged in highly regulated gaming and lottery businesses.   As a result, certain SG employees may, among other things, be required to obtain a gaming or other license(s), undergo background investigations or security checks, or meet certain standards dictated by law, regulation or contracts.   In order to ensure SG complies with its regulatory and contractual commitments, as a condition to hiring and continuing to employ its employees, SG requires all of its employees to meet those requirements that are necessary to fulfill their individual roles.  As a prerequisite to employment with SG (to the extent permitted by law), you shall be asked to consent to SG conducting a due diligence/background investigation on you.

This job description should not be interpreted as all-inclusive; it is intended to identify major responsibilities and requirements of the job. The employee in this position may be requested to perform other job-related tasks and responsibilities than those stated above. 
 

SG is an Equal Opportunity Employer and does not discriminate against applicants due to race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class. If you’d like more information about your equal employment opportunity rights as an applicant under the law, please click here for EEOC Poster.