Principal, Financial Reporting and Technical Accounting at Chamberlain Group

Oak Brook, Illinois, United States

Chamberlain Group Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Technology, ManufacturingIndustries

Requirements

  • Expertise in technical accounting and financial reporting to ensure compliance with US GAAP and other reporting requirements
  • Ability to collaborate with business leaders to provide external reporting, technical accounting guidance on transactions, assess accounting ramifications, develop alternatives, and document conclusions
  • Capability to coordinate with external auditors
  • Thrive in a fast-paced, global environment
  • Research and analyze technical accounting matters, apply accounting literature, prepare position papers
  • Participate in complex accounting projects, develop and present training on new standards
  • Lead purchase accounting and external reporting in business acquisitions and disposals, including due diligence, valuations, directing specialists
  • Understand new US GAAP and analyze impacts
  • Comprehensive understanding of debt agreements for compliance calculations and certifications
  • Ability to calculate intangible asset impairment exposures and lead fair value analysis
  • Evaluate reserves and contingencies for US GAAP compliance
  • Direct annual external audit execution
  • Review financial statements and reports for accuracy and US GAAP application
  • Review complex third-party contracts for US GAAP application
  • Comply with health and safety guidelines; ensure team compliance
  • Maintain confidentiality to protect company reputation
  • Maintain professional knowledge through workshops, publications, networks

Responsibilities

  • Research and analyze technical accounting matters; coordinate with Finance personnel; prepare position papers; participate in complex projects; develop and present training on new standards
  • Lead purchase accounting and external reporting for business acquisitions/disposals, including due diligence, valuations, directing specialists, and consolidated reporting
  • Analyze new US GAAP impacts with Global Finance Personnel
  • Handle significant financial reporting areas: investments, software development costs, intangible assets, goodwill, business combinations, discontinued operations, derivatives, debt, leases, equity, and unusual transactions
  • Prepare consolidated financial statements and footnote disclosures for annual/quarterly reporting
  • Perform quarterly debt compliance calculations and prepare certifications
  • Calculate and communicate intangible asset impairment exposures; lead fair value analysis
  • Collaborate with Corporate Accounting on reserves and contingencies for US GAAP compliance
  • Direct annual external audit: respond to auditors, gather data, follow up on issues
  • Review trial balances, income statements, balance sheets, cash flows, and reports for completeness, accuracy, and US GAAP; propose corrections
  • Comply with health and safety guidelines and ensure team compliance
  • Protect company reputation by maintaining confidentiality
  • Maintain professional and technical knowledge through education, publications, networks, and participation

Skills

US GAAP
Technical Accounting
Financial Reporting
Purchase Accounting
Accounting Research
External Reporting
Due Diligence
Fair Value Valuation
Acquisition Accounting
Position Papers

Chamberlain Group

Smart home access control solutions provider

About Chamberlain Group

Chamberlain Group specializes in intelligent access solutions, focusing on smart home connectivity and access control systems. Their main products include garage door openers, commercial door openers, and gate operators, which can be professionally installed or purchased as DIY options for enhanced home security and convenience. The myQ app is a key feature that allows users to control their access points remotely, providing added security and convenience. Unlike many competitors, Chamberlain Group combines high-quality hardware with a smart home ecosystem that supports both direct sales and partnerships with professional installers. The company's goal is to lead in the access solutions market while ensuring customer satisfaction and promoting diversity and inclusion within the workplace.

Oak Brook, IllinoisHeadquarters
1954Year Founded
VENTURE_UNKNOWNCompany Stage
Hardware, Consumer Software, Consumer GoodsIndustries
1,001-5,000Employees

Risks

Recall of LiftMaster myQ panels may harm reputation and consumer trust.
Patent lawsuit against Overhead Door Corporation could lead to financial liabilities.
Cybersecurity risks from automotive integrations may expose vulnerabilities.

Differentiation

Chamberlain Group offers a comprehensive smart home ecosystem with the myQ app.
The company provides both DIY and professionally installed access solutions.
Chamberlain Group has a long history of innovation in access control since 1900.

Upsides

Integration with EV charging stations enhances user convenience and platform utility.
Expansion into smart city infrastructure offers new growth opportunities.
AI-powered predictive maintenance can improve reliability and customer satisfaction.

Land your dream remote job 3x faster with AI