Director, Revenue Accounting

The Director of Revenue Accounting leads revenue accounting, with ownership of the accuracy, timeliness, and control of revenue and related contract balances. The role serves as Fortrea’s subject matter expert for revenue recognition under ASC 606 as applied to clinical research service contracts, including measures of progress, contract modifications, reimbursable costs, and related disclosures. This position partners with Commercial, Contracting, Operations, FP&A, Corporate Accounting, Legal, Tax, Treasury, Internal Audit, and external auditors to evaluate contracts, document conclusions, and maintain strong revenue governance. Success requires sound technical judgment, disciplined close execution, and the ability to translate complex requirements into clear, practical guidance. 

Summary of Responsibilities:

• Serve as the primary accounting subject matter expert for revenue recognition under ASC 606, including contract reviews, performance obligations, variable consideration, contract modifications, and related disclosures.

• Lead, develop, and manage the revenue accounting team, and lead cross-functional project teams as assigned.

• Partner with Project Finance to understand and evaluate the revenue recognition implications of measures of progress, estimate-at-completion reviews, cumulative catch-up adjustments, contract balances, change orders, and contract modifications. 

• Own revenue-related disclosures, including disaggregation of revenue, contract balances, and remaining performance obligations, and support backlog, MD&A, and earnings materials.

• Monitor FASB standards, interpretive guidance, and industry practices; assess business impact and coordinate implementation activities.

• Prepare and review technical accounting memoranda, position papers, policies, and executive-level materials that clearly document judgments and conclusions.

• Partner with Commercial, Contracting, Operations, FP&A, Corporate Accounting, Legal, Tax, Treasury, and Internal Audit to evaluate the accounting implications of contracts, transactions, and business changes.

• Support quarterly and annual close and reporting cycles by resolving revenue related accounting matters and ensuring conclusions are reflected accurately and consistently.

• Coordinate with external auditors on revenue recognition matters, and audit documentation.

• Maintain and strengthen internal controls specific to revenue recognition and external reporting processes, including key reports and system data, system interfaces, SOX documentation, and remediation activities, as applicable.

• Develop training, tools, and practical guidance to improve accounting consistency and understanding across Finance and relevant business teams.

• Perform all other duties as needed or assigned.

Qualifications (Minimum Required):

• Bachelor’s degree in Accounting, Finance, Business, or a related field.

• Certified Public Accountant (CPA) required, or an equivalent professional accounting certification required where applicable.

• Fortrea may consider relevant and equivalent experience and successful project outcomes in lieu of educational requirements.

• Deep knowledge of U.S. GAAP, ASC 606 revenue recognition, SEC accounting and disclosure requirements, SOX, and internal controls.

• Strong technical research, analytical, documentation, and communication skills, with the ability to convert complex accounting matters into clear recommendations.

• Proficiency with enterprise accounting, consolidation, reporting, and Microsoft 365 tools.

Experience (Minimum Required): 

• Typically 8 or more years of progressive accounting, technical accounting, external reporting, audit, or controllership experience, including leadership responsibility.

• Significant experience applying ASC 606 to complex customer contracts and documenting revenue recognition conclusions.

• Public-company SEC reporting experience and direct involvement in quarterly and annual reporting cycles.

• Experience partnering with external auditors and supporting SOX control programs.

• Experience with contract-based or project-based revenue models and complex service arrangements.

Preferred Qualifications Include:

• Big Four or large public accounting experience strongly preferred.

• Advanced degree in Accounting, Finance, Business, or a related discipline preferred.

• Experience in a complex, multinational, regulated, life sciences, healthcare, CRO, or professional services environment preferred.

• Experience with ERP (e.g., Workday), consolidation, close-management, revenue/project accounting, and external reporting systems preferred.

Physical Demands / Work Environment:

• Work is performed in an office or home-based environment with exposure to standard electrical office equipment.

• Frequently stationary for 6-8 hours per day with repetitive hand movement to operate a computer and other office equipment.

• Ability to access and use a variety of computer software developed both in-house and off-the-shelf.

• Regular and consistent attendance is required. Varied or extended hours may be required during month-end, quarter-end, year-end, audit, or filing periods.

• Occasional domestic or international travel may be required, up to 10%.

Application deadline: November 30, 2026

*This is a hybrid role with expectancy to work in our Durham, NC office at least three days each week.

Learn more about our EEO & Accommodations request here.