Siemens Principal Accountant - Accounting Policy in Malvern, Pennsylvania

Principal Accountant - Accounting Policy

Locations:Malvern, Pennsylvania

Job Family: Finance


English (US)

Job Description

Division: Siemens Healthineers

Business Unit: Accounting and Controlling

Requisition Number: 214066

Primary Location: United States-Pennsylvania-Malvern

Assignment Category: Full-time regular

Experience Level: Senior level

Education Required Level: Bachelor's Degree

Travel Required: No

Division Description:

Siemens is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. As a global technology company, Siemens is rigorously leveraging the advantages that this setup provides. To tap business opportunities in both new and established markets, the Company is organized in nine Divisions: Power and Gas, Wind Power and Renewables, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives, Healthineers and Financial Services.

With 45,000 employees Siemens Healthineers is one of the world’s largest suppliers of technology to the healthcare industry and a leader in medical imaging, laboratory diagnostics and healthcare IT. All supported by a comprehensive portfolio of clinical consulting, training, and services available across the globe and tailored to customers’ needs. So that more people can have a life that is longer, richer, and more filled with happiness.

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Job Description:

Specific Requirements

Siemens seeks Technical Accountant to become a leading contributor to its Technical Accounting Policy team. This person will be responsible for researching, documenting and implementing accounting positions and IFRS pronouncements. This person will work collaboratively with business units and across functional groups and HQ teams to understand business transactions and to form well-reasoned accounting judgments and conclusions. The person must demonstrate strong project management skills and theability to multi-task and prioritize.


  • Provide guidance in accordance to Siemens Financial Reporting Guidelines and IFRS (International Financial Reporting Standards), and communicate changes related to the Reporting and Accounting guidelines.

  • Acts as advisor to top management and business partners on advanced technical matters.

  • Collaborate with the business units and functional groups on a broad spectrum providing technical accounting support and oversight for significant and complex transactions in the area of Revenue Recognition (including Multiple Element Arrangement), M&A activities (such as Purchase Price Allocation, post-integration efforts and carve-our activities), Lease Accounting, Provisions, Intangibles.

  • Partnering with business units controllers to perform impact assessment of critical and innovative accounting proposals and advising them on the accounting outcome.

  • Draft accounting policies and white papers for new accounting pronouncements and ensure that existing policies reflect current accounting guidance.

  • Support monthly/quarterly reporting, SAP, ESPRIT (consolidation), ADSTAR (disclosure) andreview various account reconciliations.

  • Review and process complex entries in accordance with IFRS/GAAP requirements

  • Proficient in SAP and in Microsoft Office, specifically Excel.

  • Must display a high level of critical thinking, bringing successful resolution to high-impact, complex and/or cross functional problems.

  • Proven analytical and problem solving abilities

  • Demonstrates knowledge of organization's business practices and issues.

  • Excellent verbal and written communications and interpersonal skills

  • Develops team members through mentoring and coaching in complex subjects


Degree in related discipline. CPA with 10+ years of public or public and industry (Fortune 500) accounting experience; preferably with a big-4 accounting firms with experience or exposure technical accounting groups. Financial reporting experience. Demonstrated ability to write well-reasoned position papers.


Equal Employment Opportunity Statement

Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.

EEO is the Law

Applicants and employees are protected under Federal law from discrimination. To learn more, Click here at .

Pay Transparency Non-Discrimination Provision

Siemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here at .